Crowdsourced fraud and kickstarted scams

Credit to Author: William Tsing| Date: Thu, 14 Sep 2017 16:00:50 +0000

Crowdsourced funding opportunities via Kickstarter, Patreon, and GoFundMe have removed many structural roadblocks for people to access capital quickly and conveniently. But they’ve also lowered the barrier to entry for many very old scams. So how do you tell the difference between a great cause or project to contribute to and a digital confidence scam? Let us take a look at pitfalls on two crowdfunding platforms.

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419 spam: 10 million US dollars, courtesy of “Rev. Goodluck Ebola”

Credit to Author: Christopher Boyd| Date: Tue, 29 Aug 2017 17:10:55 +0000

A 419 email is currently doing the rounds with promises of $10.5m USD waiting to be sent your way. This is most definitely something you don’t want to get tangled up in.

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