business2 years ago
Real-Estate Crowd Funder Faces Scandalous Losses and Legal Dispute
A real estate deal gone bad has hit a popular crowd funding platform, as millions of dollars have gone missing and a rabbinical arbitrator has been appointed to resolve the dispute. The crowd funding platform, RealtyShares, which allows investors to pool money for real estate projects, is facing allegations of financial fraud and mismanagement. The case highlights the risks associated with crowd funding platforms and the need for stronger regulations in the industry.
