Quotes from the news wire:
Nobody ever raised over a billion dollars through an online crowdfunding campaign, even if a miracle occurred and somehow the money was pledged, it would not be enough [ now that the deadline has passed and interest is being added on ].
Found on FOX News 9 years ago
This really is not a question of legal precedent, but more one of how far can people push the boundaries of asking for voluntary donations without really having a cohesive plan as to where the money will go, this is an ‘ all-or-nothing ’ campaign, so if he does not raise $ 1.6 billion, everyone gets refunded. But imagine if he received $ 10 million in donations, and did a ‘ flexible funding ’ campaign where he actually gets the money, even if he did not reach the goal ? What would happen then ? That is the real problem, is if some scam artist tried to take advantage of a situation like this.
Found on FOX News 9 years ago
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