Do you have to submit a withdrawal plan for approval from your bank before you take money out of your checking account. Even if you look at them like escrow, the escrow only acts at the direction of the parties.
not the same thing
say you were in charge of a cat charity, and random people gave you $1M what's to stop you spending all that on cocaine and hookers?
...procedures like these
Nothing. It happens all the time. That is why we have law enforcement to investigate violations of the law. It is not their place to determine the validity of a NonProfit. It makes the an unaccountable authority. Who polices abuses by GoFundMe? They have allowed fund raising by BLM who used it to fund riots and buy mansions.
It is not their place to determine the validity of a NonProfit
it's their sand pit and the trucker thing isn't a registered charity afaik https://support.gofundme.com/hc/en-us/articles/115015913668-Determining-if-a-fundraiser-is-trustworthy
Who polices abuses by GoFundMe?
what potential abuses? GoFundMe is not a payment processor and does not hold any funds.
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