I don't follow the ponzis and MLMs as much as most of the rest of the regulars here. Has using Crowdfunding for ponzis been going on for a long time or is this a new phenomenon?
I see these things popping up all over.
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I don't follow the ponzis and MLMs as much as most of the rest of the regulars here. Has using Crowdfunding for ponzis been going on for a long time or is this a new phenomenon?
I see these things popping up all over.
Depends on what you mean by "crowdfunding for ponzis"
There have been ponzis with a crowdfunding theme on the "usual suspect" HYIP ponzi forums for some time now.
Having said that, the HYIP ponzi "industry" being what it is, HYIP ponzi cover stories can't be believed anyway and I haven't seen any evidence crowdfunding has been used to fund start up HYIP ponzi frauds, or that crowdfunding themed HYIP ponzi scams have made any inroads into the general population ......YET.....
Not HYIP, but some interesting scams. Crowdfunding may actually prove to be a better means to scam since the donations are largely gifts and the company can just claim it failed.
Kickstarter Frauds - Worst Crooks in Crowdfunding - Supercompressor.com