we also heard about crowdfunding.llows people to be involved in causes and investments they never dreamed of, including the world trade center and real-estate ventures and businesses. let me break down the different types of crowdfunding. donation -- a crowd gives money because they want to support a cause. or reward-based crowdfunding -- individuals form a crowd. they give money to businesses in exchange for some type of reward. and then you have the equity crowdfunding. members of the crowd -- they become owners of a business, and certain type of financial guidelines must be met, including, by the way, real estate -- not just businesses but real estate, also. and then you have debt crowdfunding. the company solicits from their crowd money and treats it as a loan, and you get interest back. well, that's it for today. be sure to send me your questions or property stories at... and check out our website at... i'm bob massi. i'll see you next week. [ woman vocalizing ] >> i'm bob massi. for 32 years, i've been practicin

we also heard about crowdfunding. causes and investments they never dreamed of, including the world trade center and real-estate ventures and businesses. let me break down the different types of crowdfunding. donation -- a crowd gives money because they want to support a cause. or reward-based crowdfunding -- individuals form a crowd. they give money to businesses in exchange for some type of reward. and then you have the equity crowdfunding. members of the crowd -- they become owners of a business, and certain type of financial guidelines must be met, including, by the way, real estate -- not just businesses but real estate, also. and then you have debt crowdfunding. the company solicits from their crowd money and treats it as a loan, and you get interest back. well, that's it for today. be sure to send me your questions or property stories at... and check out our website at... i'm bob massi. i'll see you next week. [ woman vocalizing ] >> i'm bob massi. for 32 years, i've been practicing law and living in las vegas.

"crowdfunding" sites raised $2 billion in 2015. profiting themselves usually through fees or percentages of donations. but this multi-billion-dollar industry is largely unregulated. >> frankly, it's embarrassing. >> reporter: u caring's daniel schaeffer insists fraud is rare. >> we're watching hundreds of thousands of fundraisers a year and that -- the vast majority of people who are coming to use the site are good. >> reporter: "go fund me" says fraud is something that happens less than 1/10 of 1% of a time on its platform and says any campaigns that display suspicion or untrustworthy behavior are removed immediately. don dahler, cbs news, new york. >>> let's take you to wall street now find out how stocks are doing on this wednesday. right now, it's metza-metza up about 6 points. >>> sports authority will close nearly a third of its stores after filing for bankruptcy today. the company's been struggling. in january it disclosed it had missed a $20 million debt payment. 140 stores will close over the next three months. sports auth

in addition to the responsibility to implement and oversee an entirely new crowdfunding regime?he sec appreciate the confidence congress and the subcommittee placed in us in recent appropriation cycles and we are seeking that support this year. requested level for fiscal year 2017 which is carefully targeted will permit the agency to hire an additional 250 staff in critical core areas and improve information technology. specifically the sec budget seeks to increase examination coverage of investment advisors for current funding enables the agency to examine only 10% of the approximately 8000 registered investment advisors. further leverage cutting-edge technology, protecting investors by expanding enforcement programs investigative capacities including a new complex area and strengthen our ability to successfully litigate against wrongdoers and further bolster the economic and risk analysis functions and higher market and other experts to enable the sec to fulfill its expanded rulemaking and oversight responsibilities. the funding we are seeking is imperative to protect investor

and those online crowdfunding sites are a growing trend. the dirty little secret that could take a big bite out of your gift. breaking now right now... we are still following breaking news out of cold spring. that's where a mother a daughter have died in a head- on crash on alexandria pike. our ben katko has been on the scene all evening. he's live with more information. police appear to be wrapping up out here on alexandria pike. the norhtbound side of the road is still closed. a mother and daughter were killed in the accident. another driver... who we are learning is also a police tell us they're not id'ing anyone until family is notified. what you're seeing here is brand new video we just shot a few minutes ago as the vehicles involved were being loaded onto flatbeds and towed away. police say the mother/daughter who died were hit after another car crossed the center line. i can tell you that the girl who was killed is not a baby... but described by police as "young." cold spring police chief brian messer says that accident recontruction

. >> how a woman was able to pocket money from a crowdfunding account meant far aheadlines around the state, nation, and world look at this charred car here. a washington state mom is thankful that a baby giant and a good samaritan rescued her 2 toddlers. they were inside of that car. they rescued them before it went up in flames. >>> former subway pitchman jared fogle was jumped in jail. according to gossip site tmz, an inmate pushed him to the ground and punched him in the face. >>> firth lady michelle obama gave the opening keynote at the south by southwest festival. she highlighted let girls learn initiative. it was part of a star-studded conversation moderated by queen latifah. >>> series of food safety issues affected the bottom line at chipotle. it's the first loss ever for and that is your 60 second scan. >>> a consumer alert to tell you about. the the fundraising site gofundme is trying to figure out what happened to the money for the family of a sick boy. they still haven't received the money, more than $2,000 in donations. >> he's 4 months old. >> reporter: baby lucas has b

they went live with their first major crowdfunding effort on behalf of a company called virtuous that'st taking vr to the next left. now it already has a product on the market, called the omni. it gives the freedom to move around naturally inside virtual worlds. not static. rather than just sticking on a headset and sitting on a couch, which is what people think of, this lets you physically walk, run, sit, straight with 36 on-degree freedom of movement. listen, i just got to do it. it is so cool. as an aside, the whole concept seems like a dream come try for parents everywhere. pop on your headset, and you have instant privacy. you don't even need a baby-sitter anymore. it's more like a treadmill think how much more fun exercising would be if you could gun down zombies or short sellers of your stocks. it's a mini-ipo kind of. so let's dig a bit deeper with the founder and ceo, and ryan fife, to learn more about this cool technology. i think it's pretty exciting. welcome back. welcome. we've got familiar with your -- i want to first get a sense of how it's going, and are we now finally l

there's a crowdfunding effort to help fund the research. they say they hope to see improvements in motor functtons >>> growing marijuana can be a stinky business as anyone who lives near denver can tell you. the city is looking to require certain businesses, including those who grow marijuana, to commit an odor control plant. it would affect the pot industry, but not limited to pot businesses. any businesses that gives off an odor, like the purina plant has to have a plant. >> wastewater treatment, and oil refineries. >> as people move in, they will start to experience these odors and they are going to demand something is one. >> businesses would not be required to completely eliminate the smells they create, but minimize them as much as possible. department of environmental health will brief city council next month and hope to have the new laws in place by the summer. `> i remember when i was a kid we used to drive by the stock go, mitchell, is that you? every time. by the time i got 18 it got really old. >> i lived near a cereal factory a

. >> detectives have also set up a crowdfunding page 4 alexis. we have posted a link on the web links tab at ktvu.com. >>> police have arrested the neighbor for the shooting. he is a convicted felon who should not have had a gun. >>> major changes may be coming to the santa clara county jail. new recommendations will be presented to the county's public safety and justice committee today. sheriff lori smith was to beef up training of personnel and increase minimum education requirements for prospective guards. she also wants to upgrade background checks by having job applicants take two polygraph tests instead of one. these come after inmate was beaten to death last august. >>> a woman is charged in auto store robbery that led to a violent confrontation. according to the marin independent journal, the manager at the o'reilly auto parts store constructed tiffani monique shepherd on friday after he suspected her of shoplifting. she threatened to shoot him, took off on a bike with merchandise. police spotted her later that day and took her into custo

at the same time, crowdfunding is coming up, so all of a sudden for women and anybody, there are moreo not like it here, i do not have to stay here or go home . i can freelance. there is more support about freelancing. tom: francine, jump in here. dominic, you have to feel good. ifeuropean blanking -- european banking blows up, you can crowd source. francine: i wanted to bring you back to dominic's world, and i picked out a quote from the world economic forum. she says -- francine: dominic, bring it back to your world of corporate activity and having -- bring it back to your world of productivi ty and growing jobs. it may be easier to work from home and to be anonymous. dominic: it helps women, it helps anyone who does not come from a privileged background. that is the whole point. i was reading something from 19th century economics, and they got it all wrong. you do not need a revolution. you can just destroy excess profit in the system, kind of the way technology allows you to do that. people were less privileged, and that was a good thing. would you go to wall street now? sallie: i

business is booming on crowdfunding sites like honeyfund and honeymoon wishes. honeyfund's ceo says couples using her site raised $90 million last year for their honeymoons! knot" says 22- percent of its users were using "honeymoon registries" this year. the reason behind the trend: many couples now live together before they get married, so their houses are already stocked. but there's something important for couples to keep in mind. these sites aren't charities; they keep as much as ten percent of the money collected as a fee! the simply money point: if you don't think it's tacky to point your guests to a honeymoon donation site, think about just asking for the money yourselfand avoid that fee! for fox 19 now and simply money, i'm nathan bachrach. frankie gfx do you have a simply money question? log on to our website at fox 19 now dot com and click on the simply money link. retail giant costco is raising its entry-level wage for the first time in nine years. entry-level employees will now either be paid 13- dollars-and-50- cents or 13- dollars-an-hour starting

now there's a crowdfunding effort on csu's web site to help pay for the research. they say their biggest hope is to see improvement in motor function and control. >>> as anyone who lives near denver can tell you, marijuana grows can be smelly. the city is proposing an odor control plan. it's for any business like the purina plant to make a plan. >> we have a unique mix of oil refinery. >> people will start to experience these odors as they move in and demand something is done. >> businesses wouldn't have to completely eliminate the smells. just minimize them. the department of environmental health will brief city council next month and hope to have laws in place this summer. >>> the purina plant is a meteorologist's dream. you know when the cold front is coming in. >> it was funny, it's usually when you're at some areas, but smell? they get used to it. >> jolly rancher factory, my grandfather used to live there. when they were making sour apple, it was the best smell. yeah, people who live there didn't notice it. when you look across the country, it'' relatively qu

we spoke to a team who has -- who is focusing on crowdfunding to be able to go to school. >> this gentleman moved with his family from guatemala and has been accepted to harvard. he is looking to raise $1200. >>it is mostly friends and family. i have gotten some donations from families but mostly families -- family and friends they will get the money race in time for the program. >>the man is continued on the basketball court this weekend. coming up, where each of the dancing. >>> welcome back to north carolina news is now 6:11 on this monday morning. 39 degrees, you will need your jacket as you head out for the morning. here is our satellite radar, no rain showing up. i will show you on my drive in -- drizzle from time to time. best case scenario, clouds are already beginning to break up for our western communities. that means the sunrise -- sun will meet you as the sun rises. 38 durham pier 39 siler city 39 raleigh. lymington and fayetteville are in the low 40s and also the low 40s around clinton this morning. prepare for the 30s at 8 am. we climb to the upper 40s by lunchtime. 54 is our

. >> lisa: if you'd like more information on how to help, we've included a link to the crowdfunding site on our web page at clickorlando.com. >> julie: nasa top officials testified before lawmakers today about the money it needs for future missions. nasa says the agency has future goals. >> nasa is closer to sending american astronauts to mars than this budget will keep us moving forward. this is essential to this journey. this budget supports the agency's baseline commitment for a test flight. >> julie: last year congress provided nasa with $19.3 billion to maintain the space program for this year. >> lisa: it's about to become a lot safer for bikers to get around parts of orlando. a major road renovation is going to include a new bike lane. a $7 million expansion of bumby avenue will include a 10-foot-wide bike lane separate and adjacent to the road. it will extend from colonial to corrine drive. it's set to reopen early next year. it was a great day to get out on the bike today. >> julie: so many spring breakers here. >> lisa: candace is filling in tough gig today filling in during th

. >> detectives have set up a crowdfunding page 4 alexis. we posted a link on the web links tab at ktvu.com so you can check it out. police have arrested the neighbor in that shooting. he is described as a convicted felon who should not have had a gun. >>> major changes coming to the santa clara county jail. new recommendations will be presented to the county's public safety and justice committee today. sheriff lori smith was to increase training of personnel and minimum education qualifications for perspective guards. she also wants to upgrade background checks by having job applicants taken to polygraph tests instead of one. the reforms come after an inmate was beaten to death last august. >>> a san rafael woman is charged in an auto store robbery that led to a violent confrontation. according to to the marin independent journal, a manager at the o'reilly parts store confronted tiffany monique shepherd on friday after he suspected her of shoplifting. she threatened to shoot him and took off on a bike with merchandise. police spotted her la

. >> detectives have also set up a crowdfunding page 4 alexis.sted a link to that web links tab on our website, ktvu.com. police have arrested the neighbor for the shooting. he is a convicted felon who should not have had a gun. >>> a shortage of bus drivers in marin county is creating frustration for writers on golden gate transit. according josh golden gate transit is struggling to fill job openings after drivers retire and that is causing an unusual number of delayed or canceled buses. golden gate is trying to pass out updated bus schedules to the media and social media and are trying to hire more drivers. >>> next in our 7:00 our, clinton and trump picked up delegates. the latest on yesterday's primaries and who is no longer in the race. >>> we are following developing news from berkeley. two people were shot this morning as they sat in a car. we will bring you a live report on where the investigation stands now. ♪ let's go ♪ hey, oh ♪ let's go [ beep ] ♪ they're piling in the backseat ♪ aah! ♪ they're generating steam heat ♪ ♪ pulsating to t

. >>> another consumer alert with crowdfunding campaigns. you may be familiar with websites such as go fund me and you caring as a way to donate to charities but not everyone who should get the money winds up with the money. for example, a family in ohio lost their son in a drunk driving accident. a neighbor offered to set up a fund website to pay for the funeral he can penss. neighbor -- expenses. the neighbor used the money andpled guilty to tell communication fraud. cases like this are rare. >> the vast, vast majority of people coming to use the site are good natured people. >> gofundme told cbs news fraud campaigns are removed as soon as possible. >>> so get ready we are putting you in thed. >> for the north caroline state fair. the nc state howling cow ice cream is one the most popular attractions and this year a now flavor is going to be added. and you get to pick. the ice cream maker is going to hold a march madness style contest to vote on submissions and your ice cream must include a base flavor and inclusion and swirl flavor now ch

examination including swot execution facilities, security-based swap data, repository swap views, crowdfundingexaminations given how large your existing portfolio is? how much larger will become with all these new registrants? how many do you anticipate being able to examine? how can investors have confidence that everything is being done to prevent another meltdown when so few of these entities are being examined? and will your budget request help build that confidence? >> the budget request will help. i think there's no question that the sec is a significantly underresourced agency, despite the increases which were very appreciative of that we've got the last futures to do the job we've been given to do. that was really, i would say that unequivocally given before we were given the additional responsibilities under dodd-frank and a jobs act. your reference to the private fund advisors which include hedge fund advisers and municipal advisers at the security-based swap dealers will be registering online, those all add-ons to our responsibilities. that is in our request of this year request for