All prize winners from one of the better known high stakes contests, the AFFL, have been notified that AFFL does not have the ability to pay prize money earned this past season. Basically they say they are trying to get an infusion of venture capital to stay afloat.
Though i am owed $800, i am concerned that this type of action will cause serious problems for the industry, as we are certain to now undergo law enforcement scrutiny, etc. There will surely be complaints lodged with law enforcement over this, and i could see wire fraud, mail fraud, RICO charges possibly evolving, not to mention carrying on gambling over state lines.
We should all keep our eye on this situation.
Edited to accurately portray what I understand the situation to be. They are not reneging. They are delaying. Hoping for the best here for them.
J
Though i am owed $800, i am concerned that this type of action will cause serious problems for the industry, as we are certain to now undergo law enforcement scrutiny, etc. There will surely be complaints lodged with law enforcement over this, and i could see wire fraud, mail fraud, RICO charges possibly evolving, not to mention carrying on gambling over state lines.
We should all keep our eye on this situation.
Edited to accurately portray what I understand the situation to be. They are not reneging. They are delaying. Hoping for the best here for them.
J
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