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Crowdfunding Faces Government Opposition In Washington State

Published May 9, 2014 at 12:15 PM CDT
Crowdfunding sites like Kickstarter have become a hugely popular way for artists, musicians, small businesses, nonprofits and more to get the start-up capital they need. However, investors are not guaranteed that their investment will be used for the intended purpose. (D. Judah Sher/Flickr)
Crowdfunding sites like Kickstarter have become a hugely popular way for artists, musicians, small businesses, nonprofits and more to get the start-up capital they need. However, investors are not guaranteed that their investment will be used for the intended purpose. (D. Judah Sher/Flickr)

Crowdfunding has become a popular way to finance start-up projects. But there’s also financial risk when you kick-in money to get a music or art project off the ground: sometimes, the sponsor doesn’t deliver.

Now, the attorney general in Washington has filed what’s believed to be the first government action against a failed Kickstarter campaign.

From the Here & Now Contributor’s Network, Austin Jenkins of the Northwest News Network reports.

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