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Surprised I couldn't find more on twitter today on this. I posted a copy of the email https://www.dropbox.com/s/ruwrfgkqwindbfm/Phenoms%20Fantasy%20Sports%20-%20Closing%20Down%20Announcement%20Dec%2013%2C%202014.pdf?dl=0

https://twitter.com/AltaClip/status/544551737806168064

I hate fueling the ambulance chasers as much as the next guy but people need to share info.

Just to clarify - ambulance chaser attorney chase personal injury lawsuits because 1/3rd of $100,000 or $1 million can be a fast strike to big $.

This is different. Class actions can be difficult to get certified, let alone win. Even if $600,000 is at issue, that isn't a huge amount for a class action and this is no quick strike.

So, this really is fueling anybody.

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I debated for a day whether I should post since I am in the industry and am not a regular here but I have read every post, theory and idea how to possibly recoup what is rightfully the members money.

Mike is reading this thread and must be amused that his "divide and conquer plan" is working so splendidly. 25 percent of the "winners" from all the prize suckers who paid in are uniting against the

Young Chuck moved to Montana and bought a horse from a farmer for $100.00. The farmer agreed to deliver the horse the next day. The next Day he drove up and said, "Sorry, Son, but I have some bad news

Regarding the Dailys, and why they won't just run away with everyone's money:

You can't pull your money from these Phenoms leagues when you want. You wait till the end of the year, and hope the guy does the right thing. Fan Duel, you can pull your winnings the next day.

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I'm pretty sure this isn't the first time he has dipped into the prize pool escrow fund. Just the first time he got burned.

Amirite? Mike I know you are reading these

Almost guaranteed. You screw around with some money and end up $20k short, you can find a short-term bailout float. A couple hundred thousand? Not so easy.

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Like I said earlier, he probably looked at the year over year decrease in funds coming in and decided to steal the cash now

This is my guess, as well.

Dailys are crushing it, and I know several people dropping the head-to-head leagues to concentrate on FanDuel. Great time to walk away with everyone's investment.

Serious question...what's to stop FanDuel or any of the other dailys from doing the same thing. Granted you wouldn't have the time invested but what if, after they collected a bunch of deposits at the beginning of the year they just closed up shop and bailed with people's cash? Hard to trust any website tied in any way to gambling.

DFS sites are required by law to keep player funds separate from operating costs. As opposed to required by industry convention, or required by a promise they made on their own website.

Also, FD and DK raised over $100m in venture capital between them this past offseason. They're not small operations. The sheer size alone offers some protections- just like you are probably safe leaving your money with a Vegas casino while you go gamble with their chips.

That's good to know.

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Hey guys,

This sucks and I was as pissed as everybody else when I got the email. But Mike was not (and is not) trying to take off with our money. Yes, he co-mingled player deposits and operating accounts, and he made some poor business decisions , but he wasn't trying to screw everybody. He is diligently trying to find a work out and I know some folks are in discussions with him in regards to this. Let's hope somebody will take this challenge and make an opportunity out of it.

Candidate for Pitiful Post of the Year

Ya lol that's what I thought when I read it. Must be Mike or something

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Somehow I've avoided that site in the past - surprising since it sounds like there was a great base of players there and it was well run (at least on the surface).

I just wanted to post and say that I'm sorry for everyone's investment lost (more time than money). It really stinks. For some of us, fantasy football is one of the few things that is "ours" in a world filled with kids, spouses, jobs and communities that are constantly siphoning off our time. It's our little niche that nobody really understands except fanatics like us.

This theft is a small ripple in the walk of life, but that doesn't mean it isn't a really crappy, crappy thing to do. It's times like these that I really want to believe in karma. I hope Mike learns his lesson, in whatever fashion that may happen.

Edited by Hoss Style
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Somehow I've avoided that site in the past - surprising since it sounds like there was a great base of players there and it was well run (at least on the surface).

I just wanted to post and say that I'm sorry for everyone's investment lost (more time than money). It really stinks. For some of us, fantasy football is one of the few things that is "ours" in a world filled with kids, spouses, jobs and communities that are constantly siphoning off our time. It's our little niche that nobody really understands except fanatics like us.

This theft is a small ripple in the walk of life, but that doesn't mean it isn't a really crappy, crappy thing to do. It's times like these that I really want to believe in karma. I hope Mike learns his lesson, in whatever fashion that may happen.

:goodposting:

I didn't play in any leagues but feel for all you dealing with this

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I also think, as heartbreaking as it seems to be for some of you who realize these leagues are dead, you should definitely not give up and should keep on managing your teams throughout the end of the season. You want to have the right money being owed to you just in case a miracle happens and through some sort of legal action he ends up making good on some of the claims.

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I just got this back from the Utah Attorney Generals Office. Please call the number and file a complaint:

Thank you for writing to the Utah Attorney General's Office.
We did find that Phenom Enterprises, LLC, is licensed with the Utah Division of Corporations and Commercial Code. With Phenom Enterprises, LLC being licensed, the Utah Division of Consumer Protection will take your report and look into them further.
We recommend contacting the Division of Consumer Protection at (801) 530-6601, Monday - Friday 8 a.m to 5 p.m. If others have filed a complaint, an investigation could be possible.
We trust this information will be helpful to you.
Sincerely,
Utah State Attorney General's Office
Constituent Services
Salt Lake City, Utah 84111

I called, did you?

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Regarding the Dailys, and why they won't just run away with everyone's money:

You can't pull your money from these Phenoms leagues when you want. You wait till the end of the year, and hope the guy does the right thing. Fan Duel, you can pull your winnings the next day.

until you cant

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Regarding the Dailys, and why they won't just run away with everyone's money:

You can't pull your money from these Phenoms leagues when you want. You wait till the end of the year, and hope the guy does the right thing. Fan Duel, you can pull your winnings the next day.

until you cant

Any business could, in theory, suddenly close up shop and disappear with your money. But I don't see why a company like FanDuel is coming up in this discussion about Phenoms, though - like I said before, it seems like apples and oranges. FanDuel is a real company, with lots of funding, operating a legal, booming business out of multiple offices with 100+ employees. It's miles apart from "some guy named Mike from the Shark Pool."

What would it mean for a daily site to take all your money, anyway? Like, the whole company keeps it and splits it up among everyone who works there? One rogue guy empties all the accounts into his own and disappears? If we're not going to try to assess relative risk, you may as well start worrying that your bank or credit union is going to suddenly run off with all your money. It just doesn't seem to be a legitimate concern, at least not anywhere in the realm of what happens when you have some guy running fantasy leagues for money out of a ghetto in Utah. :shrug:

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Regarding the Dailys, and why they won't just run away with everyone's money:

You can't pull your money from these Phenoms leagues when you want. You wait till the end of the year, and hope the guy does the right thing. Fan Duel, you can pull your winnings the next day.

until you cant

Fan Duel is a huge business that can make way more money legitimately than it can by stealing a few days worth of winnings.

Phenoms is a small business run by one guy where a year's worth of league fees probably greatly exceeded the company's total net worth.

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Everyone needs to call their credit card company and file chargebacks. I'm not sure why there isn't more discussion about this. This is the only way you will see a dime of money. Please see my previous posts, he's not going to have any money left in his PayPal account to pay prizes once it goes negative. Dispute the charges ASAP.

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Everyone needs to call their credit card company and file chargebacks. I'm not sure why there isn't more discussion about this. This is the only way you will see a dime of money. Please see my previous posts, he's not going to have any money left in his PayPal account to pay prizes once it goes negative. Dispute the charges ASAP.

#1 I'm sure his paypal account is 0 right now

#2 You can't dispute a paypal charge after 90 days. There is a reason he waited until mid Dec

Only possibility is CC chargeback, but not sure that will work this late either. Depends on credit card.

Edited by ArbyMelt
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He definitely needs to do some serious time. Of course in today's world, he will get maybe 6 months and a 'hey, don't do that again' from the judge.

There won't be any criminal charges. This is a civil dispute and he will file bankruptcy on his LLC and include himself in that bankruptcy. Trying to teach Mike "a lesson" is pointless. Once he files the paperwork, it is illegal for any of his creditors to contact him. All payouts will go through his bankruptcy attorney and be approved by the bankruptcy judge.

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Everyone needs to call their credit card company and file chargebacks. I'm not sure why there isn't more discussion about this. This is the only way you will see a dime of money. Please see my previous posts, he's not going to have any money left in his PayPal account to pay prizes once it goes negative. Dispute the charges ASAP.

#1 I'm sure his paypal account is 0 right now

#2 You can't dispute a paypal charge after 90 days. There is a reason he waited until mid Dec

Only possibility is CC chargeback, but not sure that will work this late either. Depends on credit card.

AMEX already credited my account and now is waiting for response from "the seller" I'm calling Chase tonight. I wish I had paid everything with AMEX.

In regards to the Utah consumer complaint number, I called the number and he said "Is this for Phenoms?" I said yeah, He mentioned they are still determining if it is in their jurisdiction and they are taking names and phone numbers at this point. They will notify if they will handle the situation.

Edited by Chili Cheese Burrito
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He definitely needs to do some serious time. Of course in today's world, he will get maybe 6 months and a 'hey, don't do that again' from the judge.

There won't be any criminal charges. This is a civil dispute and he will file bankruptcy on his LLC and include himself in that bankruptcy. Trying to teach Mike "a lesson" is pointless. Once he files the paperwork, it is illegal for any of his creditors to contact him. All payouts will go through his bankruptcy attorney and be approved by the bankruptcy judge.

I can't agree with this.

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Let's say theoretically you joined a $1000 league at PhenomsFF, but you missed playoffs and are getting ZERO back.

I guess you could still file a CC chargeback?

What happens to those who file chargebacks but wouldn't have won any money? Or less than their entry fee? What if he actually pays back 20-40%?

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He definitely needs to do some serious time. Of course in today's world, he will get maybe 6 months and a 'hey, don't do that again' from the judge.

There won't be any criminal charges. This is a civil dispute and he will file bankruptcy on his LLC and include himself in that bankruptcy. Trying to teach Mike "a lesson" is pointless. Once he files the paperwork, it is illegal for any of his creditors to contact him. All payouts will go through his bankruptcy attorney and be approved by the bankruptcy judge.

Someone steals $500k and you don't think there will be criminal chargers?

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I just got this back from the Utah Attorney Generals Office. Please call the number and file a complaint:

Thank you for writing to the Utah Attorney General's Office.
We did find that Phenom Enterprises, LLC, is licensed with the Utah Division of Corporations and Commercial Code. With Phenom Enterprises, LLC being licensed, the Utah Division of Consumer Protection will take your report and look into them further.
We recommend contacting the Division of Consumer Protection at (801) 530-6601, Monday - Friday 8 a.m to 5 p.m. If others have filed a complaint, an investigation could be possible.
We trust this information will be helpful to you.
Sincerely,
Utah State Attorney General's Office
Constituent Services
Salt Lake City, Utah 84111

Of course, the Utah Attorney's General office is very busy prosecuting the two (2) most recent Utah Attorney's Generals for corruption: http://www.nytimes.com/2014/07/16/us/politics/two-former-attorneys-general-in-utah-are-charged-with-corruption.html?_r=0

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I just got this back from the Utah Attorney Generals Office. Please call the number and file a complaint:

Thank you for writing to the Utah Attorney General's Office.
We did find that Phenom Enterprises, LLC, is licensed with the Utah Division of Corporations and Commercial Code. With Phenom Enterprises, LLC being licensed, the Utah Division of Consumer Protection will take your report and look into them further.
We recommend contacting the Division of Consumer Protection at (801) 530-6601, Monday - Friday 8 a.m to 5 p.m. If others have filed a complaint, an investigation could be possible.
We trust this information will be helpful to you.
Sincerely,
Utah State Attorney General's Office
Constituent Services
Salt Lake City, Utah 84111

I called, did you?

i have been tied up with work all day but I will

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Let's say theoretically you joined a $1000 league at PhenomsFF, but you missed playoffs and are getting ZERO back.

I guess you could still file a CC chargeback?

What happens to those who file chargebacks but wouldn't have won any money? Or less than their entry fee? What if he actually pays back 20-40%?

-

Everyone needs to call their credit card company and file chargebacks. I'm not sure why there isn't more discussion about this. This is the only way you will see a dime of money. Please see my previous posts, he's not going to have any money left in his PayPal account to pay prizes once it goes negative. Dispute the charges ASAP.

#1 I'm sure his paypal account is 0 right now

#2 You can't dispute a paypal charge after 90 days. There is a reason he waited until mid Dec

Only possibility is CC chargeback, but not sure that will work this late either. Depends on credit card.

He's almost certainly cleared out his PayPal account and the bank account he had the money transferred to. If he pays anyone back it will be a tiny (5%) percent to avoid a lawsuit and criminal charges.

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I just got this back from the Utah Attorney Generals Office. Please call the number and file a complaint:

Thank you for writing to the Utah Attorney General's Office.
We did find that Phenom Enterprises, LLC, is licensed with the Utah Division of Corporations and Commercial Code. With Phenom Enterprises, LLC being licensed, the Utah Division of Consumer Protection will take your report and look into them further.
We recommend contacting the Division of Consumer Protection at (801) 530-6601, Monday - Friday 8 a.m to 5 p.m. If others have filed a complaint, an investigation could be possible.
We trust this information will be helpful to you.
Sincerely,
Utah State Attorney General's Office
Constituent Services
Salt Lake City, Utah 84111

I called, did you?

i have been tied up with work all day but I will

Maybe we should spread this out a bit. The investigator seems quite busy already today with Phenom calls.

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Let's say theoretically you joined a $1000 league at PhenomsFF, but you missed playoffs and are getting ZERO back.

I guess you could still file a CC chargeback?

What happens to those who file chargebacks but wouldn't have won any money? Or less than their entry fee? What if he actually pays back 20-40%?

He's not going to be able to pay, not through PayPal! I can guarantee this. So even if you won you are not going to get paid. Why wouldn't you file a chargeback? What do you have to lose? That $1000 league pays $5000 to the winner. If he pays 20% that is $1000 and 40% is $2000. I would rather take my chances with a card company. And if you didn't make the playoffs, hell yes you file.

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He definitely needs to do some serious time. Of course in today's world, he will get maybe 6 months and a 'hey, don't do that again' from the judge.

There won't be any criminal charges. This is a civil dispute and he will file bankruptcy on his LLC and include himself in that bankruptcy. Trying to teach Mike "a lesson" is pointless. Once he files the paperwork, it is illegal for any of his creditors to contact him. All payouts will go through his bankruptcy attorney and be approved by the bankruptcy judge.

I can't agree with this.

He definitely needs to do some serious time. Of course in today's world, he will get maybe 6 months and a 'hey, don't do that again' from the judge.

There won't be any criminal charges. This is a civil dispute and he will file bankruptcy on his LLC and include himself in that bankruptcy. Trying to teach Mike "a lesson" is pointless. Once he files the paperwork, it is illegal for any of his creditors to contact him. All payouts will go through his bankruptcy attorney and be approved by the bankruptcy judge.

Someone steals $500k and you don't think there will be criminal chargers?

Mike was not a trustee or an escrow agent. His website may have said that he kept the funds separate, but that does not mean he was legally required to do so. When money was sent to him, he had no obligation to pay the money back (beyond a moral obligation) once he puts all creditors through the bankruptcy process.

I guarantee no criminal charges will be filed.

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He definitely needs to do some serious time. Of course in today's world, he will get maybe 6 months and a 'hey, don't do that again' from the judge.

There won't be any criminal charges. This is a civil dispute and he will file bankruptcy on his LLC and include himself in that bankruptcy. Trying to teach Mike "a lesson" is pointless. Once he files the paperwork, it is illegal for any of his creditors to contact him. All payouts will go through his bankruptcy attorney and be approved by the bankruptcy judge.

I can't agree with this.

He definitely needs to do some serious time. Of course in today's world, he will get maybe 6 months and a 'hey, don't do that again' from the judge.

There won't be any criminal charges. This is a civil dispute and he will file bankruptcy on his LLC and include himself in that bankruptcy. Trying to teach Mike "a lesson" is pointless. Once he files the paperwork, it is illegal for any of his creditors to contact him. All payouts will go through his bankruptcy attorney and be approved by the bankruptcy judge.

Someone steals $500k and you don't think there will be criminal chargers?

Mike was not a trustee or an escrow agent. His website may have said that he kept the funds separate, but that does not mean he was legally required to do so. When money was sent to him, he had no obligation to pay the money back (beyond a moral obligation) once he puts all creditors through the bankruptcy process.

I guarantee no criminal charges will be filed.

This is an issue of corporate gross negligence inside Mike's LLC legal shell. The corporation will dissolve and go through bankruptcy. None of you had a contract with Mike personally, so once the corporation is gone you have no recourse beyond what the bankruptcy judge shells out.

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He's almost certainly cleared out his PayPal account and the bank account he had the money

If a card company such as AMEX files a chargeback for the buyer, this is out of PayPals control. If he had a zero balance and I file a chargeback, his PayPal account will go negative. He will essentially screw over PayPal.

Win-win.

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I debated for a day whether I should post since I am in the industry and am not a regular here but I have read every post, theory and idea how to possibly recoup what is rightfully the members money.

All I can think of is that this is another black mark on our industry and it is just sickening. I wouldn't have known about Phenoms if a member that plays on my site didn't inform me. I found out about AntSports the same way - from another member. I have been playing fantasy football for 24 years. I began the preliminary work about 13 years ago to develop my own website - to compete against AntSports. I have owned my site and a web development company for 10-11 years. My company now specializes in fantasy football software and sells the software to run your own business. My football site does pretty good and has had steady growth for 10 years.

Regarding the development costs: This was explained well by some of the posts. It's just not feasible that anyone in the industry would continue to pay for software without having a finished product. $200,000 in itself is quite high but asking for more than 3x that amount...there is no way that was legitimately paid to a developer. The profit margins are not huge in the season long fantasy industry. Many of you have figured that out and there is significant expense (merchant fees, servers, advertising, live scoring etc.).

My take on the recent failed ventures is that these owners have a severe problem with gambling and/or addiction. Daily sites encourage this addiction. Personally I cannot stand what the daily game represents. Fantasy Football season long leagues is not gambling - we won that battle about 5 years ago. I do not gamble, I will not play daily sports, I don't even go to casinos. People who know me laugh about how I won't gamble but yet run a fantasy football site. I truly believe they are different ends of the spectrum and cannot stand when someone uses the term "gambling" for season long leagues.

I genuinely feel for those that invested their time and money into these sites where their owners knowingly used the members money to support their addiction. I am sorry and hope that you don't lose complete faith in the industry because for every problem you hear about there are 100's of other legitimate business owners that would never fathom touching a penny that does not belong to them!

Good luck to all those involved.

Edited by fuzzy
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Thanks for the tip Chili Cheese Burrito, I'm on the phone right now with my CC company and they are filing a dispute. Where that goes, I don't know. If I am able to at least recover my $350 of my original entry fees, I'll be satisfied.

ETA:

Transaction was made by CC but via paypal (now that I think about it, paypal was always a requirement) so now I'm skeptical about recovering because of the paypal component. I'm not sure CC disputes will work, but I'm at least giving it a try.

Edited by Raiderfan32904
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Thanks for the tip Chili Cheese Burrito, I'm on the phone right now with my CC company and they are filing a dispute. Where that goes, I don't know. If I am able to at least recover my $350 of my original entry fees, I'll be satisfied.

ETA:

Transaction was made by CC but via paypal (now that I think about it, paypal was always a requirement) so now I'm skeptical about recovering because of the paypal component. I'm not sure CC disputes will work, but I'm at least giving it a try.

At some point this year, another option of paying directly by credit card via 'Authorize.net' was available on the deposit page. My credit card statements read 'PHENOM ENTERPRISES MURRAY' and these are the transactions I am disputing. I have little hope for retrieving the money I deposited earlier in the year via PayPal.

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This has been interesting. When telling the story of what happened here to an outsider that has really no ties to fantasy football or anything, the prevailing looks I have been getting are "well if you were stupid enough to put money in on a fantasy sports/gambling website, then you got what you deserved". It's kind of put things in perspective for me. I think that the idea of playing in one of the big-box websites like CBS, Yahoo or ESPN was very unappealing. The league structures are boring and the payouts are so little, that I was drawn to this site even though I knew absolutely nothing about it.. I threw my skepticism aside and wanted to believe this site was on the "up and up" because the set-up was what I was looking for. I didn't trust my initial gut feeling of being leery giving my hard earned money to something I wasn't 100% sure was legit.

I suppose for me personally, this has been a lesson "re" learned. And that is you shouldn't trust anyone on the internet with your money that you don't know. I'm not saying that what happened to us all is our own fault, and we shouldn't have a right to be completely pissed off at Mike for what he did (I'm doing everything possible to get my money back anyway I can). But I know I'm going to be ALOT more careful in the future when doing something like this again.

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Feel for all you owners who were truly scammed. Because this is exactly what this is. A major massive scam. The money is gone, the owner is vapor.

Your not getting a dime back on this. Focus your energy into something else. I truly feel for you. I have been scammed on Ebay a couple of times in my life. Nothing worse than having money stolen when you think your getting a legit product. Even the best references etc...can backfire.

This was carefully plotted. No question every detail was thought out. The build up, the mirage of legitimacy, then the con. Classic pozi/pyramid scheme at work here. At least that is my take on the surface and reading through this thread. The owner is long gone, without a trace I assume.

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I think that the idea of playing in one of the big-box websites like CBS, Yahoo or ESPN was very unappealing. The league structures are boring and the payouts are so little, that I was drawn to this site even though I knew absolutely nothing about it.. I threw my skepticism aside and wanted to believe this site was on the "up and up" because the set-up was what I was looking for. I didn't trust my initial gut feeling of being leery giving my hard earned money to something I wasn't 100% sure was legit.

I had the same issues with the big-box sites you mentioned. They have bland scoring systems, sometimes lock up, and in NFL/CBS case, their graphics upgrades became too busy to look at and would give me a headache. The MFL platform isn't the best, but the live scoring is still the best I've seen. Phenoms offered a lot of the newer league structures like deep start 2 QB, 2 Def, 2 PKs, etc with bonus scoring. I came to love the formats more than anything. And I had won every year I played going back to 2008 so everything seemed to be on the up and up. Wishful thinking and like you said it's going to be one of the deals where you fool me once, shame on you, but fool me twice....I don't see myself trusting some internet site with my FF buy-ins anymore. And maybe that's a good thing.

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To my knowledge, just off the top of my head:

FantasyJungle (2008)

AFFL (2009)

WCOFF (2010)

Antsports (2013)

PhenomsFF (2014)

It's really just sickening.

Aquil Salahudeen (Presidential Leagues). That guy still owes me $700 winnings. I know that is peanuts compared to these big money leagues like Phenoms and AFFL, but $700 means a lot to me personally. He made off with thousands of dollars for all his leagues combined. If memory serves, about $20k.

Edited by JohnnyU
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If your heart is in it, you should drop a note to the Salt Lake Tribune... given the local content they may be interested in the story.

I'm afraid the Attorney General's office has two very big fish to fry at the moment.

Edited by Dizzy
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My take on the recent failed ventures is that these owners have a severe problem with gambling and/or addiction. Daily sites encourage this addiction. Personally I cannot stand what the daily game represents. Fantasy Football season long leagues is not gambling - we won that battle about 5 years ago. I do not gamble, I will not play daily sports, I don't even go to casinos. People who know me laugh about how I won't gamble but yet run a fantasy football site. I truly believe they are different ends of the spectrum and cannot stand when someone uses the term "gambling" for season long leagues.

:goodposting: Agree 100% with everything you said & most likely the case here. I'm the same as you re: daily/casinos. Completely different ballgames.

His older twitter account (@UnluckyZ) shows the guy is/was a gambler.

That he'd log into a league where nothing is on the line at this point screams to me he has a big time problem. http://www8.myfantasyleague.com/2014/home/33199#0

Edited by Craig_MiamiFL
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You can see his website was designed by Bennion Marketing. It's a local Utah business. Someone more entrepreneurial than me can touch base with them to track Mike down. I doubt they want to be associated with a scam.

www.bennionmarketing.com

Edited by bkbaler
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To my knowledge, just off the top of my head:

FantasyJungle (2008)

AFFL (2009)

WCOFF (2010)

Antsports (2013)

PhenomsFF (2014)

It's really just sickening.

Aquil Salahudeen (Presidential Leagues). That guy still owes me $700 winnings. I know that is peanuts compared to these big money leagues like Phenoms and AFFL, but $700 means a lot to me personally. He made off with thousands of dollars for all his leagues combined. If memory serves, about $20k.

Yeah I left that ####### out. I was actually in one of those leagues (think PS1) and left after Year 1 because I was & am convinced him and "Alan Fern" were the same person. Got (luckily) paid by him but he really left a bad taste in my mouth. Wish I had spoke up to the rest of the league, but didn't want to make a big scene as the league had good owners.

Edited by Craig_MiamiFL
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Hope most of you manage to get some or all of your money back. I'd be super PO'd if it were me. You should persue whatever options are possible and not just write it off as "he'll probably just get away with it". He's either outright scamming or was really irresponsible. In either case he should be held to whatever accountablity you can find a way to hold him to.

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Can someone explain to me the base business model that he operated with? Just curious.

Football season: Run x number of leagues at $y fee per participant. Commission of 10% of the total fees per league paid to Mike. Remaining 90% to be paid out to participants based on 1st/2nd/3rd/etc. formula.

Basketball season: same thing?

Baseball season: same thing?

Other sports?

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