We respect your privacy. ALL email addresses you provide will be used just for sending this story. How about in scamming? In return, they usually offer rewards—a sample of their product, for example, a commemorative t-shirt, or digital downloads.
Then he announced that he was canceling the project. Instead, he spent the money on unrelated personal expenses, including rent, moving to Oregon, personal equipment and licenses for a different project. The case has alerted consumers to the fact that the FTC is looking into this area. Meanwhile, you can protect yourself from being scammed by following these three tips: Crowdfunding is a great way to bring promising ideas to reality.
I write about personal finance—for the past two years at Consumer Reports, where I specialize in unearthing scams and fraud. Don't have an account? Please call Customer Care at We are looking forward to working with you. We will be in touch. Fund Me or Fraud Me? Crowdfunding Scams Are on the Rise. Consumer Reports shows you how to spot a hoax. Yes, send me a copy of this email.
Oops, we messed up. Many crowdfunding sites verify that the person has a Facebook page, but anyone can make a Facebook page. Does the person have just one social media site or are they listed on other sites? A short timeline might indicate that the page was created just before asking for funding. Dig into the creator's business background. Has he or she launched other projects successfully or supported other projects?
Is there a professional online profile that demonstrates expertise in this area? Is the person trying to fund the same project on multiple crowdsourcing sites? That could show an attempt to raise as much money from as many people as possible.
Shopping links are provided by eBay Commerce Network and Amazon, which makes it easy to find the right product from a variety of online retailers. Clicking any of the links will take you to the retailer's website to shop for this product. Catherine Fredman I write about personal finance—for the past two years at Consumer Reports, where I specialize in unearthing scams and fraud. More From Consumer Reports.
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