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New law allows entrepreneurs to sell securities via crowdfunding – Consumer advocates fear crowdfleecing

April 17, 2012 /

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Could crowdfunding work for entrepreneurs who need capital for their private startup and are willing to sell a stake in it to the masses? Congress seems to think so.

Charities and artists successfully raise money for their causes via crowdfunding, a method of soliciting hundreds or thousands of small donations over the Internet.

Could it work for entrepreneurs who need capital for their startup and are willing to sell a stake in it to the masses?

By Eileen Ambrose, The Baltimore Sun

Full Story: http://www.baltimoresun.com/business/money/bs-bz-ambrose-crowdfunding-20120414,0,6798661.story

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