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The Titanic Crowdfunding Project Reviewoo...
The Titanic Crowdfunding Project Reviewoo...
We really like the idea of this project. Start with a little to make a lot. After all who wouldn't like that?
Our research team found this and immediately turned it over to our review team.
Digging into it we found that this project is all based on crowdfunding. Everyone agrees to start by paying just $12.50 to help a fellow crowdfunding member accomplish their dream.
Then 2 members pay just $12.50 each to that crowdfunding member and now that member has $25. Then that member pays just $25 to advance to the next stage. Now that member receives $25 from their 2 members giving them a total of $50 now. And it keeps snowballing from there!
And it's just a short little 1 x 2 cycling program. So this should be moving about like a tumbleweed on fire in a Texas wind storm.
But hold on just a minute! Not so fast. Remember the name of this project is called: The Titanic Crowdfunding Project. Well we all know how that ended!
Well guess what? There's something known as rules and regulations that keep people from popping up all over the place starting their own crowdfunding projects no matter how much a person can end up making.
So let's just see what our government has to say about this.
In the United States, it is generally considered illegal to conduct crowdfunding as an individual directly without using a registered crowdfunding platform, as all regulated crowdfunding transactions must occur through an SEC-registered intermediary like a broker-dealer or funding portal, meaning you cannot solicit funds directly from individuals without utilizing a designated platform.
Key points about crowdfunding regulations:
- SEC oversight:
The Securities and Exchange Commission (SEC) regulates crowdfunding, requiring all transactions to happen through a registered intermediary.
Well I think that pretty much sums that up, right?
So does this get a thumbs up or a thumbs down? Unfortunately ...
Written by:
Frank A. Trueblood
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So you can always get the most current up-to-date and reliable facts about our blog article reviewoos here is how the process works.
Our research team is responsible for initially finding the information our readers are interested in. Products, Services, Businesses etc.
The research team passes that information along to the review department.
Our review team takes the information and does painstaking analyses and in-depth research to get the complete facts and figures about the product, service businesses etc.
This information is forwarded to Frank A. Trueblood for further in-depth research. Then based on his findings Frank writes the article for our readers and gives it a final thumbs up or a thumbs down.
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