Backers Beware: Characteristics and Detection of Fraudulent Crowdfunding Campaigns.

Crowdfunding has seen an enormous rise, becoming a new alternative funding source for emerging companies or new startups in recent years. As crowdfunding prevails, it is also under substantial risk of the occurrence of fraud. Though a growing number of articles indicate that crowdfunding scams are a new imminent threat to investors, little is known about them primarily due to the lack of measurement data collected from real scam cases. This paper fills the gap by collecting, labeling, and analyzing publicly available data of a hundred fraudulent campaigns on a crowdfunding platform. In order to find and understand distinguishing characteristics of crowdfunding scams, we propose to use a broad range of traits including project-based traits, project creator-based ones, and content-based ones such as linguistic cues and Named Entity Recognition features, etc. We then propose to use the feature selection method called Forward Stepwise Logistic Regression, through which 17 key discriminating features (including six original and hitherto unused ones) of scam campaigns are discovered. Based on the selected 17 key features, we present and discuss our findings and insights on distinguishing characteristics of crowdfunding scams, and build our scam detection model with 87.3% accuracy. We also explore the feasibility of early scam detection, building a model with 70.2% of classification accuracy right at the time of project launch. We discuss what features from which sections are more helpful for early scam detection on day 0 and thereafter.

A Comprehensive Predictive-Learning Framework for Optimal Scheduling and Control of Smart Home Appliances Based on User and Appliance Classification.

Energy consumption is increasing daily, and with that comes a continuous increase in energy costs. Predicting future energy consumption and building an effective energy management system for smart homes has become essential for many industrialists to solve the problem of energy wastage. Machine learning has shown significant outcomes in the field of energy management systems. This paper presents a comprehensive predictive-learning based framework for smart home energy management systems. We propose five modules: classification, prediction, optimization, scheduling, and controllers. In the classification module, we classify the category of users and appliances by using k-means clustering and support vector machine based classification. We predict the future energy consumption and energy cost for each user category using long-term memory in the prediction module. We define objective functions for optimization and use grey wolf optimization and particle swarm optimization for scheduling appliances. For each case, we give priority to user preferences and indoor and outdoor environmental conditions. We define control rules to control the usage of appliances according to the schedule while prioritizing user preferences and minimizing energy consumption and cost. We perform experiments to evaluate the performance of our proposed methodology, and the results show that our proposed approach significantly reduces energy cost while providing an optimized solution for energy consumption that prioritizes user preferences and considers both indoor and outdoor environmental factors.