News & Information

What Guardrails Guarantee Crowdfunding Money Ends Up in the Right Hands?

Top of Mind with Julie Rose
  • Oct 3, 2018 9:00 pm
  • 13:53

Guest: Mark Roderick, Business and Corporate Attorney for Flaster Greenberg, Law Firm, Philadelphia. Nearly a quarter of Americans have contributed to one of those crowdsourced fundraisers online like GoFundMe or Kickstarter. The ability to quickly raise money from lots of people has launched successful startups and led to heartwarming tales about a sick child’s hospital bills getting paid, or a young widow getting help with burial expenses or a viral story of a good deed leading to a huge cash windfall for a lucky Good Samaritan. But it’s not all warm fuzzies and faith in humanity on these sites. Fraud happens.