![]() Most particularly, GoFundMe is not required to provide any accounting to the public or the government about how many fraudulent campaigns it has hosted or how much money has not gone to its intended recipient. As a result, three particular issues arise as to the ethics of how for-profit crowd-funding platforms do business. In contrast, GoFundMe operates free from those mechanisms and largely decentralizes control of the funding. ![]() GoFundMe is not required to provide any accounting to the public or the government about how much money has not gone to its intended recipient. Nonprofit organizations must have controls in place to safeguard funds and are required to provide reports to government regulators if money is misused. Many people may be surprised that it is not a charity, and its status raises particular transparency and oversight issues. is a privately owned for-profit organization. ![]() The motorist and her boyfriend set up a GoFundMe campaign and then allegedly misappropriated the funds for their own use. Starting late last year, more than 14,000 people contributed to the crowdfunding site to benefit Johnny Bobbitt, who, while homeless, came to the aid of a stranded motorist with his last $20. That question is starting to be asked by law enforcement, including the New Jersey attorney general, as well as the donors of $402,000 that has gone missing. ![]()
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