Monday, November 9, 2015

Has GoFundMe and other Crowdfunding sites become the 21st century street corner for begging?

Online funding sites like GoFundMe and Kickstarter have done wonders in the realm of alternative finance where small businesses, esoteric products and services, and even charitable concerns can get public funding since banks no longer provide these services after the Credit Crisis of 2008.  In fact, crowdfunding has helped many people to do wondrous things over the past few years, with one of the most notable accomplishments being the producing of a Veronica Mars movie that had been clamored for by rabid fans for several years.
But like with nearly every new and innovative idea, there are always one or more individuals who use these platforms to either con or scheme to get money for themselves without actually producing or providing a tangible return to those who voluntarily give to that ’cause’.

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