Business ProfileforCrowdStreet Inc

I've invested in 8 deals on CrowdStreet starting in 2018. One recent deal that I'm in went south, where a sponsor (Nightingale Properties) stole investors' money and bought watches, real estate, and First Republic call options with it. What did CrowdStreet do? They sent a number of emails claiming that this was not their fault, that they properly did their due diligence. What kind of legal settlement did they offer? Can you guess? They offered to loan the bankrupt entity $5M (<10% of funds that investors lost), which they will fully get back. In other words, they will likely get off Scott-free. And this all precipitated their move to escrow accounts (um...maybe you guys should have thought of that sooner?). My favorite are the emails saying that they did their due diligence, despite the fact that there were articles in the Wall Street Journal citing the major omissions in the sponsor's performance record. In other words, they knew the sponsor was lying but they said no big deal, these guys are legit. And then they take no responsibility. AVOID CROWDSTREET!