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Fleecing the Crowd

Online Exclusives ​Art Stewart Jan 22, 2019

Despite crowdfunding's good intentions, some campaigns may be raising money for fraud.

​What started as a feel-good story has turned into accusations of fraud. An October 2017 story about a homeless veteran who gave his last $20 to a couple whose car had run out of gas prompted the couple to launch a crowdfunding campaign that raised $400,000 to help the man. The problem is he didn't receive the money.

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​Art Stewart

Art Stewart is an independent management consultant with more than 35 years of experience in internal audit, financial management, performance measurement, governance, and strategic policy planning.​​​