Netcapital (NASDAQ:NCL), an early entrant in the securities crowdfunding sector, has been charged with fraud. The fraud was allegedly centered on Netcapital Funding Portal and Netcapital Advisors. To quote the court filing:“After Netcapital Advisors supposedly rendered consulting services, the Portfolio Companies commenced Reg CF securities offerings on the Funding Portal. Numerous documents executed in connection with certain Portfolio Companies’ Reg. Fanning allegedly exercised control over the portfolio companies and owned significant amounts of their equity.