In an informal survey of 192 people, only 20% agreed with the statement, “The ‘crowd’ does an effective job of preventing fraud and abuse on crowdfunding sites.” More, 23.9%, disagreed with the statement while a majority, 56.1% were neutral.

The responses were among those received to an unscientific survey I conducted for the purposes of this article in hopes of helping entrepreneurs and others better understand the thinking of the general public, or in the other words, the crowd.

https://www.forbes.com/sites/devinthorpe/2017/11/29/worries-about-fraud-top-list-of-crowdfunding-concerns/#5fdc94e548f0

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