Keyword: crowd funding

Man who crowdfunded for his sick son ordered to return the money

A Beijing court has ordered a man to return the over 150,000 Yuan that he had raised through crowdfunding platform Shuidichou to fund his son’s medical expenses. The man, named Mo Chunyi, published a request for aid on Shuidichou last April, in order to fund the medical fees for his son, who had been diagnosed with the rare and serious Wiskott–Aldrich syndrome. The target was set at 400,000 Yuan. Mr. Mo, who lives in Zhejiang, managed to raise 153,136 yuan through the platform within a few days. While the fundraising request was still active, the platform received a complaint claiming that Mr. Mo and his wife owned a street-front property that they could rent …read more