Consumer Reports recently released a study on crowdsourcing and the susceptibility of being duped by a scam.

The report highlights a Federal Trade Commission case in which a scammer got contributors to fork over more than $122,000 to develop a board game called The Doom of Atlantic City.

The FTC has not yet come up with hard-and-fast guidelines on identifying crowdfunding scams.

“We rely on consumer complaints as a barometer, but they’re not a good 1-to-1 measure of prevalence in the marketplace,” Helen Wong, an FTC lawyer, told the magazine.

There are some common-sense approaches to ferret out scammers.

Check the creator’s credentials and background online, and be suspicious. If it sounds too good to be true, it may be.