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So thats a total loss of $29,705. That's more than they ever raised! That's fantastic news, because up until this there has been practically no deterrent to r

• bahahah 11y ago
  The proceeding is unlikely to change anything. The company will just dissolve. Most of the big scams aren't even in U.S. Jurisdictions. Only people being less ignorant and gullible will prevent them from being scammed. There might be a lawsuit against the crowdfunding sites, however their terms are ironclad in the way they shed liability -- this is their lifeblood. Any judgement will just result in slight rule or term changes. They are making lots of money now and can afford the lawyers to remain free of liabilities.