[ExI] gofundme question

[Stathis Papaioannou]

On Thu, 10 Feb 2022 at 08:26, Adrian Tymes via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

> On Wed, Feb 9, 2022 at 12:25 PM spike jones via extropy-chat <
> extropy-chat at lists.extropy.org> wrote:
>
>> Then it occurred to me…
>>
>>
>>
>> … that the option to keep the money would apply to ANY organization
>> collecting money for ANY cause: there is no legally-enforceable requirement
>> that the person or company collecting the funds to give it to anyone.
>>
>
> Sure there is.  They said they would do it.  To take the money and then
> not do what they said they would is fraud, which is illegal.  This has been
> well-litigated with fake charities.
>

Also, they would lose all their business if it became clear that they could
just take the money. This is the market fallback if laws and regulation
don’t work.

> --
Stathis Papaioannou
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