Added: 12.06.2015 18:13 | 4 views | 0 comments

One of the main concerns with crowdfunding websites like Kickstarter is the uncertainty surrounding the use of funds after a campaign ends. Once people give money toward a Kickstarter, they want the product to actually come to fruition. While people who run Kickstarter campaigns are bound by the terms and rules of Kickstarter, sometimes funds are misused.

Now, however, the Federal Trade Commission has decided to take action in at least one of these cases. A 2012 Kickstarter for a board game called The Doom That Came to Atlantic City succeeded in raising over $120,000, significantly more than its $35,000 goal, but the creator of the game ended up using the money on personal expenses rather than making the game. After fourteen months, he abruptly canceled the project and didn't fulfill all of the backer rewards. Recently, the FTC decided that this violated the law and filed a complaint with a federal court. , and several suspicious campaigns, so it is good that the FTC is attempting to stop such wrongful spending.

Added: 12.06.2015 18:13 | 2 views | 0 comments

One of the main concerns with crowdfunding websites like Kickstarter is the uncertainty surrounding the use of funds after a campaign ends. Once people give money toward a Kickstarter, they want the product to actually come to fruition. While people who run Kickstarter campaigns are bound by the terms and rules of Kickstarter, sometimes funds are misused.

Now, however, the Federal Trade Commission has decided to take action in at least one of these cases. A 2012 Kickstarter for a board game called The Doom That Came to Atlantic City succeeded in raising over $120,000, significantly more than its $35,000 goal, but the creator of the game ended up using the money on personal expenses rather than making the game. After fourteen months, he abruptly canceled the project and didn't fulfill all of the backer rewards. Recently, the FTC decided that this violated the law and filed a complaint with a federal court. , and several suspicious campaigns, so it is good that the FTC is attempting to stop such wrongful spending.