Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 4281 creates a civil cause of action for fraudulent crowdfunding. It defines fraudulent crowdfunding as collecting donations under false pretenses and failing to deliver funds to the intended recipient. A person found liable for fraudulent crowdfunding must pay the victim 125% of the misappropriated funds and may also face exemplary damages​.
Author
John McQueeney
Co-Author
David Lowe
Contact the Author
Rep. John McQueeney
Capitol Phone:
(512) 463-0608
Capitol Office:
EXT E2.720
E-Mail:
