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After Pando shows clear evidence of fraud, Indiegogo responds by… deleting anti-fraud guarantee

Posted on April 6th, 2014 at 14:39 by John Sinteur in category: News -- Write a comment

[Quote]:

What’s the right thing to do if your crowdfunding platform guarantees to detect “any and all” cases of fraud, but then is shown clear evidence by Pando of a near-$1m fraudulent campaign happening right now?

If you answered “suspend the fraudulent campaign,” you’re right.

If you answered “quietly delete the no fraud guarantee from our website,” you’re Indiegogo.

I’m not joking. Following a week of reporting by PandoDaily in which we exposed the junk science, corporate smoke and mirrors and flat lies behind Moscow-based Healbe’s Indiegogo campaign, Indiegogo finally took action yesterday. Not by suspending the campaign to protect its users, not by doing anything at all to ensure that thousands of people aren’t about to be swindled out of close to a million dollars… but by deleting the reference to their foolproof fraud detection from their support pages.

  1. Technological wonders. Disintermediating between sheep and wolves.

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