Tag Archives: Fraud

Was the Downfall of This Drone Maker Fraud or Crowdfunding Gone Wrong?

Do you know what crowdfunding is? It is the concept that a bunch of people on the internet can put their money behind a product, see it developed, and get to enjoy the finished product they paid for. It’s a type of investing, which means there is inherent risk involved. Sometimes the product you invest in doesn’t make it to the final stage, and investors lose their money, but is this what happened in the case of drone maker Lily? Was It Fraud or Crowdfunding? Millions of people watched an online pitch for the Lily personal drone and were stunned. This little device was touted as the next step in personal photography. It had simple controls, it could be programmed to do things, and it could even follow its owner around. There was only one problem. This miracle product didn’t exist. The makers of Lily actually pieced their pitch trailer…
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Sperm Bank Fraud Showdown: Is the Donor Responsible?

He had just dropped out of college and he needed to earn more money. He was already working as a janitor and waiting tables, but prospects for this fresh college dropout were not looking good. So he turned to sperm donation to supplement his income, and he went to Atlanta-based Xytex Corporation to begin the process. However, this young man would soon find himself twisted in a web of lawsuits, and at least 10 families are now trying to figure if he might be responsible for the lies they were told. Sperm Bank Fraud Showdown: Just Who Is Responsible for All the Lies? The young college dropout is now 39 years old, and working as a graduate research assistant at the University of Georgia (UGA). On his way to getting to his current position, he earned a bachelor’s degree in cognitive science, but the road was long and hard. The…
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