Operator of Deceptive Crowdfunding Scheme Banned from Future Crowdfunding as Part of FTC Settlement

The operator of a deceptive crowdfunding scheme will be banned permanently from engaging in crowdfunding activities as part of a settlement with the Federal Trade Commission over allegations that he used contributors’ funds on himself rather than to deliver the high-tech backpack he promised. In its complaint, the FTC alleged that Douglas Monahan, operating through […]