New Technology : Why Fraud Is a Real Threat to Crowdfunding

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I’m reading the comments of a highly successful Kickstarter Campaign. “a half year later I still want my money back” says one. Another says “Taylor is a crook. I have requested several times for refund. He won’t even knowledge my emails.”. Simply called “Learn iPhone App Development“, the campaign blew past its initial modest goal of $2,000, earning an eye-watering $54,626 from 656 backers, 437 of whom paid $99 for the most expensive rewards package. Fronting the campaign was Taylor Beck, an airbrushed, if not slightly awkward programmer in his early twenties who, in a promotional video. preached about the career benefits of learning iOS development over a backing track of...

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