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I was under the illusion that investment laws are stricter than consumer laws. If I, as a backer on kickstarter, am an investor and not a customer (or donor or
by dkersten 15y ago
I was under the illusion that investment laws are stricter than consumer laws. If I, as a backer on kickstarter, am an investor and not a customer (or donor or whatever), then investment laws apply. Does anyone know what, under such laws, is legally required by a kickstarter project?
- onemoreact 15y agoIANAL However, as I understand unless it's clearly a case of fraud the law treats such things as a loan, because you where not offered stock or a cut of profits ect. If he incorporated, you might at best be able to recover your money from whatever the company's assets are, but you really have minimal recourse that's worth the time investment at this point.