GoFundMe says it has an answer for fraud

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GoFundMe says it has an answer for fraud
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GoFundMe CEO says the company has an answer for fraud.

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.GoFundMe has helped raise $5 billion for everything from disaster relief to medical expenses to tuition for college students in need since it launched in 2010.

"We wouldn't let the money leave the building," Solomon said,"until we could figure out how to get the flow of funds to the beneficiary."At GoFundMe, the search for fraud is an around-the-clock operation for what it calls its"Trust and Safety Team." Solomon said GoFundMe has tools that allow it to compare images and texts across different campaigns and shut down the fakes before they are shared or harvest any donations.A member of GoFundMe's Trust and Safety Team showed NBC News a copycat campaign that popped up after the March 15 mosque shootings in Christchurch, New Zealand.

In the New Jersey scam, Kate McClure and the homeless veteran she was"helping," Johnny Bobbitt Jr., have now pleaded guilty to federal charges. McClure pleaded to one count of conspiracy to commit wire fraud while Bobbitt pleaded guilty to one count of conspiracy to commit money laundering. "There's some bad actors out there. Misuse on the platform is very, very, very rare. Less than 1/10th of 1 percent of campaigns result in any type of misuse," he said.

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