There are many people who wish to go for crowdfunding but desist because they fear Crowdfunding Scams. In fact, it is a genuine thing to fear about. The basic foundation stone of crowdfunding is trust and if it is doubted, the whole structure of crowdfunding will take not more than a second to collapse. Crowdfunding Scams have two-fold effect: firstly, it prevents people from going for crowdfunding and secondly, it becomes a big reason of worry for crowdfunding industry. There have been many such cases where Crowdfunding Scams ditched people off their money and left them doubting all the crowdfunding platforms.
Many cases have been witnessed where scammers generated huge sums of money for their non-existing and unreal projects and ran away with the money without giving back to contributors a single penny. Instead, they spend it on their personal expenses or go away to a new place. Crowdfunding Scams are posing threat to the very existence of the crowdfunding industry. If such offenders are not dealt with severely, it could only inspire other the people to choose same short path for making heavy sums of money. Crowdfunding Scams are like crises which need to be tackled with efficiency and intelligence. It is a wake-up call for all people involved in crowdfunding to get in action and find viable solutions to this menacing problem of Crowdfunding Scams.
How can crowdfunding sites educate people about the possibility of Crowdfunding Scams and how they can train them to become defensive in any such case, remain a much awaited anticipation.
Crowdfunding is an open platform where one shares his or her cause and people get involved with the cause as soon as they learn about it. They donate, they invest or they fund, whatever is the demand of the project posted on crowdfunding site. If the essential regulations are not made stern, the authenticity of the project could become the mockery on reality because anyone can post an unauthentic project without any hesitation. So the Crowd funding Scams need to be eradicated from the very root, in order to make crowdfunding a safe and secure business.
What the Crowdfunding Scammers do?
The crowdfunding scammers either post baseless projects only to get money from people or they present themselves as fighting for a social cause only to deceive the general public and the real sufferers as well. Yes. There are cases where some disasters or other calamities were made materials for Crowdfunding Scams. The general public emotionally support such causes and hence become prey to the well knit deception_ Crowdfunding Scams. And the worst thing is that the real sufferers get nothing than a false promise.
The best thing one can do safeguard himself from Crowdfunding Scams is to read more and more about Crowdfunding Scams and how they do it. It can give one a clue about the tricks mostly and commonly used by the scammers from around the world. Researching every aspect of the project over and again patiently is another good thing one can do to identify Crowdfunding Scams. If one finds even a minute thing that raises his suspicion, he should try hard to dissipate the underlying lie or deception, if any.
Since crowdfunding is indeed a crowd phenomenon, it is really hard to find which one is real and which is a scam. But if above points are taken care of, Crowdfunding Scams will become less frequent and easily identifiable. After all Crowdfunding Scams are the worst forms of deception.
