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A comment on Analysis of 265,000 rows of SEC Short Fails-to-Deliver data on Game Stop. Parent comment

Re:Analysis of 265,000 rows of SEC Short Fails-to-Deliver da... by floxy on Wednesday February 03, 2021 @04:20PM (#26019248)
Kickstarter enters the chat
[ Parent | on HN ]
Re:Analysis of 265,000 rows of SEC Short Fails-to-Deliver da... by totalZero on Wednesday February 03, 2021 @07:15PM (#26021015)
"The lawsuit claims that the creator, Doug Monahan, didn’t use his raised Indiegogo or Kickstarter funds to develop or deliver the backpack, but instead, he put the cash toward “various personal expenses,” including the purchase of bitcoin, ATM withdrawals, and to pay off credit cards. The agency also claims that backers reached out to Monahan, but he ignored their complaints, shut down the company, and ceased communications."

https://www.theverge.com/2019/5/6/18534423/ibackpack-ftc-law...

"what Ferguson called “the first enforcement action in the nation against a crowdfunded project that didn’t follow through on its promise to backers” succeeded this July, netting restitution for the Washington-based donors and slapping Asylum with $31,000 in civil penalties."

https://www.seattlemet.com/news-and-city-life/2015/10/washin...

[ Parent | on HN ]