US websites Music Technology Policy and The Trichordist both tweeted the Official Receiver. The former pointed out that artists in multiple countries have likely been affected by the collapse of Pledge, many of whom won’t be able to make physical representations in the UK. The latter asked whether affected artists should be approaching the Crown Prosecution Service as well as the Official Receiver demanding some kind of criminal investigation.
Confirming its process and powers, the Official Receiver tweeted back: “Following the winding up of PledgeMusic, the Official Receiver has been appointed as liquidator and will now determine the cause of its failure. If unacceptable conduct is identified she can seek to have the directors banned from running other companies for up to fifteen years”.
Read the post on Complete Music Update