Increase in crowdfunding cases worrying

Although it is heartening to note that regulations are in place, the fact that more people are turning to crowdfunding is worrying (New Code of Practice for fund-raising efforts online; Jan 24).

Crowdfunding would likely be a last resort, as airing one's plight in public is not something that anyone would wish to do.

Choosing this route suggests that all other avenues, such as friends, family or relatives, and the authorities, have been exhausted or less than forthcoming.

It points to the dysfunction and failure of traditional sources that are supposed to provide help.

It is a sad state of affairs when strangers are showing more compassion and willingness to help than one's relatives or other official sources.

Everyone should be concerned and worried about this regressive state of affairs.

Seah Yam Meng

A version of this article appeared in the print edition of The Straits Times on January 26, 2018, with the headline 'Increase in crowdfunding cases worrying'. Print Edition | Subscribe