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FTC settles first enforcement action against crowdfunded project

( June 11, 2015, 14:30 GMT | Official Statement) -- MLex Summary: The US Federal Trade Commission has reached a settlement with Kickstarter crowdfund creator Erik Chevalier, resolving charges that he deceived consumers by raising money for a board game on the platform and then spent most of the funds on himself. Under the agreement, Chevalier is prohibited from engaging in deceptive practices on crowdfunding campaigns and is required to honor any stated refund policy. Statement follows in full. ...

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