Operator of Deceptive Crowdfunding Scheme Banned From Future Crowdfunding as Part of FTC Settlement
May 12, 2020
May 12, 2020
WASHINGTON, May 12 -- The Federal Trade Commission issued the following news release:
The operator of a deceptive crowdfunding scheme will be banned permanently from engaging in crowdfunding activities as part of a settlement with the Federal Trade Commission over allegations that he used contributors' funds on himself rather than to deliver the high-tech backpack he promised.
In its complaint, the FTC alleged that Douglas Monahan, operating through his company, iBackPa . . .
The operator of a deceptive crowdfunding scheme will be banned permanently from engaging in crowdfunding activities as part of a settlement with the Federal Trade Commission over allegations that he used contributors' funds on himself rather than to deliver the high-tech backpack he promised.
In its complaint, the FTC alleged that Douglas Monahan, operating through his company, iBackPa . . .