joffer
Footballguy
lol
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Phenoms going under (1 Viewer)
- Thread starter JohnW1970
- Start date
Read and respected Unlucky for over a decade. I can certainly understand why folks who are owed loot are upset and it certainly sounds like Unlucky made some poor decisions, but the guy has always been nothing but good people on FBG.
I agree with Hooper - I'll wait to hear more details but I'm not ready to throw Unlucky overboard until we know more.
BassNBrew
Footballguy
Dang…you Phenom owners just got Gunz'd.Read and respected Unlucky for over a decade. I can certainly understand why folks who are owed loot are upset and it certainly sounds like Unlucky made some poor decisions, but the guy has always been nothing but good people on FBG.
I agree with Hooper - I'll wait to hear more details but I'm not ready to throw Unlucky overboard until we know more.
BassNBrew
Footballguy
Bobcat10
Footballguy
so basically only trust my son, but keep a close eye on him, got it.
cstu
Footballguy
Disagree that we need to wait to see what happened before he can be criticized. Like I said, if he actually pocketed the money that would only make this screw job that much worse.
squistion
Footballguy
timschochet
Footballguy
tommy, based on his OWN ADMISSION he took prize money and used it for something else, and now he can't pay it back. Ultimately what else is there to know about this?Read and respected Unlucky for over a decade. I can certainly understand why folks who are owed loot are upset and it certainly sounds like Unlucky made some poor decisions, but the guy has always been nothing but good people on FBG.
I agree with Hooper - I'll wait to hear more details but I'm not ready to throw Unlucky overboard until we know more.
SacramentoBob
Footballguy
Bobcat10
Footballguy
I'd wait til I was on the beach south of the equator before sending email número uno.
AZhardballz
Footballguy
Ya best way to "buy" time would have been to NEVER send out anything and just leave the country. Nobody would know anything till a couple weeks after the season was over and were wondering where their prize money was. Makes me think this wasn't a planned con-job.
squistion
Footballguy
tommyGunZ
Footballguy
The circumstances? If he was taking out 50k markers at the Bellagio and doing lines off of Samantha Saint's ### at Spearmint, I'll be first in line to issue a curb stomp. If his daughter has cancer and he spent 50k of the prize money for treatments, I won't be quite as angry.tommy, based on his OWN ADMISSION he took prize money and used it for something else, and now he can't pay it back. Ultimately what else is there to know about this?Read and respected Unlucky for over a decade. I can certainly understand why folks who are owed loot are upset and it certainly sounds like Unlucky made some poor decisions, but the guy has always been nothing but good people on FBG.
I agree with Hooper - I'll wait to hear more details but I'm not ready to throw Unlucky overboard until we know more.
timschochet
Footballguy
Question for legal types: if you set up a gaming company that doles out prizes, are you legally allowed to commingle funds you receive? Are there laws about this?
timschochet
Footballguy
Umm, but I think most people would. Really the circumstances of how he spends the money he steals shouldn't be relevant.The circumstances? If he was taking out 50k markers at the Bellagio and doing lines off of Samantha Saint's ### at Spearmint, I'll be first in line to issue a curb stomp. If his daughter has cancer and he spent 50k of the prize money for treatments, I won't be quite as angry.tommy, based on his OWN ADMISSION he took prize money and used it for something else, and now he can't pay it back. Ultimately what else is there to know about this?Read and respected Unlucky for over a decade. I can certainly understand why folks who are owed loot are upset and it certainly sounds like Unlucky made some poor decisions, but the guy has always been nothing but good people on FBG.
I agree with Hooper - I'll wait to hear more details but I'm not ready to throw Unlucky overboard until we know more.
17seconds
root of all aliai
I could have told you that and my notebook sucks. He was a fairly active liberal in the political threads.Indeed. Talk about a smoking gun!
Slider
Footballguy
With money that is correct.
17seconds
root of all aliai
Ghost Rider
Footballguy
Not me. The prideful part of me still wants to win, and while I might still win two of my five phenoms leagues and never seen a dime of the winnings, I'll still be thrilled with winning, even if some of the luster has been taken away.
Well, maybe guaranteed money gives me more ammo of getting a successful credit card chargeback now for all my entry fees. I suggest everyone doing that by the way. My AMEX has already temporarily credited my account for what I paid while they try and reach out to Mike. Took a 5 minute phone call
BassNBrew
Footballguy
That's what the WCOFF guy claimed when he ripped off people. Guess you're waving his flag too.The circumstances? If he was taking out 50k markers at the Bellagio and doing lines off of Samantha Saint's ### at Spearmint, I'll be first in line to issue a curb stomp. If his daughter has cancer and he spent 50k of the prize money for treatments, I won't be quite as angry.tommy, based on his OWN ADMISSION he took prize money and used it for something else, and now he can't pay it back. Ultimately what else is there to know about this?Read and respected Unlucky for over a decade. I can certainly understand why folks who are owed loot are upset and it certainly sounds like Unlucky made some poor decisions, but the guy has always been nothing but good people on FBG.
I agree with Hooper - I'll wait to hear more details but I'm not ready to throw Unlucky overboard until we know more.
For those wondering if what Mike did was illegal or just unethical/immoral:
Embezzlement is the act of dishonestly withholding assets for the purpose ofconversion (theft) of such assets by one or more individuals to whom such assets have been entrusted, to be held and/or used for other purposes
Wire Fraud is any fraudulent scheme to intentionally deprive another of property or honest services via mail or wire communication
What Mike did is the very definition of embezzlement and wire fraud, which are felonies in the state of Utah, punishable by up 20 years in prison and full restitution of funds..
To put this further in perspective a Utah woman was just indicted by a grand jury on Embezzlement and wire fraud charges in June of this year. She "used" 1.3 million dollars of client "protected" funds. So there is recent precedence.. If investigations yield he spent ANY of that money gambling or to purchase any sort of personal item, that is felony wire fraud, every time is one count.
At the very least the class action will help the criminal case against mike… In the end, justice might be the only thing we get, and for most of us, that is O.K.
Embezzlement is the act of dishonestly withholding assets for the purpose ofconversion (theft) of such assets by one or more individuals to whom such assets have been entrusted, to be held and/or used for other purposes
Wire Fraud is any fraudulent scheme to intentionally deprive another of property or honest services via mail or wire communication
What Mike did is the very definition of embezzlement and wire fraud, which are felonies in the state of Utah, punishable by up 20 years in prison and full restitution of funds..
To put this further in perspective a Utah woman was just indicted by a grand jury on Embezzlement and wire fraud charges in June of this year. She "used" 1.3 million dollars of client "protected" funds. So there is recent precedence.. If investigations yield he spent ANY of that money gambling or to purchase any sort of personal item, that is felony wire fraud, every time is one count.
At the very least the class action will help the criminal case against mike… In the end, justice might be the only thing we get, and for most of us, that is O.K.
cstu
Footballguy
G
General Tso
Guest
I just spent the last two hours reading through this entire topic. First of all - I feel terrible for anyone in here who has lost money. It sucks, plain and simple.Read some of the posts in his deleted Twitter account (link above). In my opinion it tells you everything you need to know. Gamblers are usually lousy people to do business with.
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IheartGuinness
Footballguy
Could someone please explain what exactly happened? I'm not familiar with this site. Basically it had operated for years, shuts down one day, and the guy running it is nowhere to be found?
BassNBrew
Footballguy
Dragon1952
Footballguy
Totally moronic statement. It's no different than buying off of Ebay or the classifieds on thousands of different forums or a million other places online. You go by credibility, reputation, feedback,etc and if it all appears good it usually is. This site had all of that and operated for 10 yrs. in good standing. And since your statement indicates that you obviously don't have a clue about any of the history of the site or person we're talking about I would suggest not making yourself look any more asinine than you already have.
masters payouts are terrible
Terrible meaning they don't/won't/take a long time to pay?
Or terrible in % kept/commish fee/only top 2 paid?
Just curious, am desperately looking for something like Mike's site to join……..
they barely pay 50% back on the cheaper leagues
I couldn't agree more
I posted my opinions earlier in this thread as a fantasy football site owner and developer. My intention is not to advertise my site but since you are looking for an alternative check my signature line. There are playoff leagues available.
BRONG
FOR A LIMITED TIME ONLY
The circumstances? If he was taking out 50k markers at the Bellagio and doing lines off of Samantha Saint's ### at Spearmint, I'll be first in line to issue a curb stomp. If his daughter has cancer and he spent 50k of the prize money for treatments, I won't be quite as angry.tommy, based on his OWN ADMISSION he took prize money and used it for something else, and now he can't pay it back. Ultimately what else is there to know about this?Read and respected Unlucky for over a decade. I can certainly understand why folks who are owed loot are upset and it certainly sounds like Unlucky made some poor decisions, but the guy has always been nothing but good people on FBG.
I agree with Hooper - I'll wait to hear more details but I'm not ready to throw Unlucky overboard until we know more.
I like where your heart's at GB but come on, the writing's on the wall here. The size of this is large. Gambling bartender (and whatever else he might be into) all of a sudden sinks the ship. Nobody's salvaging a dime here, although I hope I'm wrong. When does stuff like this turn out?I understand wanting to give him the benefit of the doubt, but he's kind of lost that chance with how it was handled, no? Total surprise. Look at the timing. And there is no way he didn't see it coming. Hello??? That speaks volumes, imo. He waited to drop the bomb at an opportune time. Terrible sign. Um, that, and all the money that's gone.
UFFLCommish
Footballguy
I posted in the Looking for Leagues Forum. It's a tough time to trust someone but if you're looking to join a new dynasty league next season, check out the post. You'll see why that would never happen in any of my leagues. And the payouts have always been 95 to 100%. Not looking to make any money.
" 50k markers at the Bellagio and doing lines off of Samantha Saint's ### at Spearmint"The circumstances? If he was taking out 50k markers at the Bellagio and doing lines off of Samantha Saint's ### at Spearmint, I'll be first in line to issue a curb stomp. If his daughter has cancer and he spent 50k of the prize money for treatments, I won't be quite as angry.tommy, based on his OWN ADMISSION he took prize money and used it for something else, and now he can't pay it back. Ultimately what else is there to know about this?Read and respected Unlucky for over a decade. I can certainly understand why folks who are owed loot are upset and it certainly sounds like Unlucky made some poor decisions, but the guy has always been nothing but good people on FBG.
I agree with Hooper - I'll wait to hear more details but I'm not ready to throw Unlucky overboard until we know more.
I understand wanting to give him the benefit of the doubt, but he's kind of lost that chance with how it was handled, no? Total surprise. Look at the timing. And there is no way he didn't see it coming. Hello??? That speaks volumes, imo. He waited to drop the bomb at an opportune time. Terrible sign. Um, that, and all the money that's gone.
I dunno. I might give him a pass for that.
Raiderfan32904
Footballguy
So soon after getting scammed? I want to join a new league eventually too, but the wound is still fresh to be thinking about jumping to a new site. My trust affinity is close to zero.
bleachercreacher
Footballguy
I was in 4 leagues, and am now in the finals of a $100 league. I'm pissed to say the least. However, I don't see how pestering his dad is going to lead to anything. He's going to give his dad the website line, and his dad is more likely to believe it. To me it's not worth adding the stress to an old man that did nothing. Having said that, do whatever you need to do thru the attorney general and police.
BassNBrew
Footballguy
Maybe I was out of line, but when a business partner of mine stole money from a trust account and business account, I found his mom's and got on the phone with her. I was seeking repayment from her, just some retribution. He wasn't at a 50k marker and Samantha Saint ### level, but he took it for hoes and blow. His mom and dad were high profile people in the community so I'm sure it was a huge embarrassment to them. If nothing else, maybe I protected their assets from him.
Not sure if I should even bother commenting on this whole debacle as I guess some of my previous posts must of ruffled a mods feathers and were deleted. I just don't want people to get a false sense of hope for justice ever being served on Mike. It won't happen. He will claim that his business model failed and file for bankruptcy protection.
The reality is most likely that he spent countless thousands of dollars on some vice or vices or an unrealistic lifestyle and that was the downfall of the business. He will file for bankruptcy protection and the secured creditors such as banks and Uncle Sam will be first in line to grab any assets that he has left.
Most likely the few assets that he has won't even pay the secured creditors. He won't go to jail as they won't be able to prove fraud.
I have a judgement for 75K in a bankrupcy case against a local businessman in my own town.I will never see a dime from it. He was a crook, plain and simple. The guy doesn't dare show his face in public as there are tons of people that he screwed who would
most likely beat him silly if they saw him. It sucks but that is the system we have. Once again sorry to those who were impacted.
BobbyLayne
Footballguy
Which was pretty much all you could do in that scenario. One of my peers lost over $100K to a business partner who 1) setup a business account for which he was the sole signatory and account holder, then 2) siphoned off funds through a series of transfers and deposits. You and I might call that fraud. Cyrus Vance (NYC DA) called that a private affair between business partners, for which the government has no vested interest to intervene.
N/A to the Phenoms LLC situation as the 750 leagues / 9,000 customers were not partners. But instructive that our layman instincts don't always match the rule of law.
![[icon]](/data/avatars/m/5/5167.jpg?1660313464){kind=avatar}
RUSF18
Footballguy
Mister Martie
Footballguy
Wait, this guy was charging 10% to basically just hold money in trust and then pay it out? Amazing.
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