Dr. Letitia Wright
909 235 9744 -office
10601 Civic Center Dr.
Rancho Cucamonga, CA 91730
Crowd Funding Expert Warns Against Scams Connected to Boston’s Terror Attack Victims
Los Angeles, CA –April 15, 2013—The tragic events in Boston have left American’s feeling venerable. While the authorities sort out the details of how and why it happened, many people seek to find a way to help. Crowd Funding has been used to raise funds for victims of various incidents over the past few years. The money has helped with medical bills, the cost of rehabilitation and restoration of damaged property. Crowd funding can also open the door for scammers to fatten their own pockets while claiming to raise money for the victims. Dr. Letitia Wright, Crowd Funding Expert wants to give the public some basic guidelines to use before they give to a campaign.
“There are plenty of people who mean well, but in the heat of the may give their money to crowd funding campaign that has nothing to do with the person they claim to help.” Says Dr. Wright. “It’s important to do your own due diligence when giving to any crowd funding campaign. I’ve created a short check list that people can use to before they give any money to any website.”
1) Before you give, find out about the organization that is asking for the money. Is it a non-profit? Have you heard of it before? Find and address and phone number and check on all the information. Chances are, if you cannot Google them and find out all the information you need, they may be just a new scammer online.
2) How is the person raising the money connected to the intended recipient? The victims are busy trying to recover and hardly have time to get a representative to get a campaign together in the first few days or weeks. This person could be just using their name as a front to get money.
3) What website are they using? The better-known websites are safer and more stable. There are over 500 crowd funding websites that someone can use. A few actually shut down every day.
4) Is there another, better known Non profit like the Red Cross doing the same thing? You are safer with a large Non-profit and your financial give is tax deductible.
5) How long are they raising money? Most crowd funding campaigns only last up to 90 days. If they started in April 2013 and are still raising money via crowd funding in September, that is far outside of the norms and you should take a second look before giving.
Dr. Letitia Wright is a Crowd Funding Expert who teaches crowd funding for the Small Business Administration and is available in person locally in Southern California and by phone nationally.