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Mercury News: Seven arrested in raid on Black Muslim Temple in Oakland - In sweeping charges alleging public contract fraud, forged real estate deals and identity theft stretching from Alameda. #scam #fraud #arrested #privateinvestigator

from VentureBeat

Crowdfunding raised $1.5B last year — and is on track to double in 2012

The Internet has become the new Wild West of investing through a mechanism known as “crowdfunding,” a money-raising scheme that allows people to pledge small amounts to a new or expanding business.