Crowdfunding 101 has been saved
Understanding the associated fraud risks
The emergence of social media platforms, increasing internet penetration, and rising mobile connectivity have all resulted in the creation of a new and innovative entrepreneurship ecosystem known as crowdfunding. While crowdfunding is at a nascent stage of growth in India; as it matures in scale and gains momentum, organizations as well as individuals need to be mindful of the inherent associated fraud risks.
Keeping this in mind, the Deloitte Forensic practice in India has released a point of view document that hopes to help you understand some of the potential fraud schemes in this space as well as some important precautions that can be taken before investing in a crowdfunding campaign.