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  • BobFTD

    FanThrowDown Rep

    Message from MGT regarding FanTD Tax Reporting:

    News Edit:

    We spoke to MGT’s CFO. This is his official stance as of now:

    We will be reporting NET winnings. Our auditors gave us incorrect guidance.

    A fuller explanation and an apology will be posted in the morning.

    Original Post:

    We are sorry that this issue has escalated, but we appreciate your feedback.

    MGT’s CFO has engaged the most senior tax partner of our public audit firm. The research has been ongoing to ensure the proper treatment of gross versus net.

    The preliminary findings have been unfair to our players, however, when it pertains to the IRS, fair does not matter. We assure you that we will do what is correct. We will have the final answer by tomorrow morning.

    In the meantime, we know that passion fuels our business and we respect this conversation.

    If you have any specific questions regarding this policy, we encourage you to contact the CFO of MGT, Robert Traversa.
    RTraversa@mgtci.com

  • mahuz

    Are all the other sites wrong? That’s what you’re saying.

    I feel cheated by this and I feel sick for giving money to a company run by a pedophile.

  • onehitquit21

    ^^^^A pedophile????

  • mahuz

    Check the other thread

  • headChopper

    RG Contributor (OG Status)

    • 498

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    • $1M Prize Winner

    • 2014 DraftKings FBWC Finalist

    it’s not about wrong or right. The way they are handling their tax situation is just different then the others. It also happens to be a total pain in the ass for players. But in the end shouldn’t cost you any extra money… Time, effort, patience, desire to further play on their site- yes. But money , no.

  • MrTuttle05

    • 442

      RG Overall Ranking

    • 2016 DraftKings FFWC Finalist

    • 2017 DraftKings FBWC Finalist

    @headChopper said…

    it’s not about wrong or right. The way they are handling their tax situation is just different then the others. It also happens to be a total pain in the ass for players. But in the end shouldn’t cost you any extra money… Time, effort, patience, desire to further play on their site- yes. But money , no.

    Agree with this.

    It would be nice to have a rep from FTD address the Terms of Service change though. Is FTD trying to apply this change to 2013 or is this just the way of reporting going forward?

    If FTD is attempting to retroactively apply the ToS that was posted on their site today then that becomes an issue.

  • Boomboom

    you cant withdraw until you send them your 1099 info so it appears they are if you are on the 2013 list for grosses over $600 according to their original email
    even though they just changed the ToS today and without notice

  • miggytoddbest

    • 2014 FanDuel WFBC Finalist

    @headChopper said…

    it’s not about wrong or right. The way they are handling their tax situation is just different then the others. It also happens to be a total pain in the ass for players. But in the end shouldn’t cost you any extra money… Time, effort, patience, desire to further play on their site- yes. But money , no.

    Chop, an audit when you have done everything above board and honest is worse than losing some money. File however your tax guy tells you has the least chance of being red flagged for an audit, even if that way may cost you a little extra money.

  • BobFTD

    FanThrowDown Rep

    @mahuz said…

    Check the other thread, Child Porn, registered sex offender.

    jonathon@fanthrowdown.com, JONATHAN LICATA

    I just have to say personally that this is insane.

    That is totally ridiculous mahuz, and I really wish you wouldn’t perpetuate such slanderous rumors. That is not my boss, and we do not appreciate the implication that it is.

  • mahuz

    @BobFTD said…

    I just have to say personally that this is insane.

    That is totally ridiculous mahuz, and I really wish you wouldn’t perpetuate such slanderous rumors. That is not my boss, and we do not appreciate the implication that it is.

    Does he work for FTD? What is his position?

  • BobFTD

    FanThrowDown Rep

    @mahuz said…

    Does he work for FTD? What is his position?

    I have no idea who you are even talking about. All I see are links to some person you are claiming is Jon@fanthrowdown, and I can assure you that it is not.

    Frankly, the whole implication makes me pretty angry. I work with Jon every day and the man has nothing but my respect.

  • BobFTD

    FanThrowDown Rep

    Anyways, back on topic. Just to copy this here from the other thread:

    We spoke to MGT’s CFO. This is his official stance as of now:

    We will be reporting NET winnings. Our auditors gave us incorrect guidance.

    A fuller explanation and an apology will be posted in the morning.

  • mahuz

  • BobFTD

    FanThrowDown Rep

    @mahuz said…

    http://whois.polodomains.com/domain/K65jol1EQ0WwV8latCJuBg.._info.html – scroll down

    This guy is a registered sex offender, proof is in the other thread provided by EM2.

    Do you believe aliens built the pyramids too?

  • mahuz

    @BobFTD said…

    Do you believe aliens built the pyramids too?

    Lol thats cute

    http://offender.fdle.state.fl.us/offender/flyer.do?personId=69892

    has the same address as

    http://whois.polodomains.com/domain/K65jol1EQ0WwV8latCJuBg.._info.html

  • jenbenners

    http://www.pbcgov.com/papa/Asps/PropertyDetail/PropertyDetail.aspx?parcel=38434421150930140

  • mahuz

  • Putz

    Who cares? Address it with him. Don’t turn this into FD chat.

  • mahuz

    @Putz said…

    Who cares? Address it with him. Don’t turn this into FD chat.

    A sexual predator like this should be in jail, not running a DFS site. I find it sickening that I gave money to a company founded by a pedophile.

    And he is the founder…

    http://www.sec.gov/Archives/edgar/data/1001601/000114420413024406/v342903_ex10-1.htm

  • lamont04270

    If in fact this is true, I feel like you airing out like this is just making you look feeble minded. You don’t know the facts behind the “truth”, just the surface facts. If you feel cheated as you have stated, their are many other DFS sites. Just move on from the site, but dragging someone through the mud, trying to earn a living, without knowing facts, is not very kind.

  • Bobster

    @BobFTD said…

    Do you believe aliens built the pyramids too?

    You are right, this is clearly a huge coincidence.

    I mean sure, same name, same address, but has anyone checked which ROOM HE LIVES IN??

    Come on clearly there are 2 Jonathan Licata’s at the same house.

    Move on, nothing shady about them denying this.

  • mahuz

    @lamont04270 said…

    If in fact this is true, I feel like you airing out like this is just making you look feeble minded. You don’t know the facts behind the “truth”, just the surface facts. If you feel cheated as you have stated, their are many other DFS sites. Just move on from the site, but dragging someone through the mud, trying to earn a living, without knowing facts, is not very kind.

    I agree with you but, if you don’t background check employees you’re asking for trouble like this. Do you feel comfortable letting a sexual predator handle your money? I don’t, and morally I feel as though it’s wrong.

  • Tippy

    @mahuz, you are kinda stepping over the line here man. It definitely isn’t cool to throw around those kind of allegations unless you are 110% damn sure you got your info right.

    The two posts you cite are two different people. The guy you are talking about is Jonathan Licata, they guy in the domain registration is Jonathan Mongero. While Licata may have founded the company, he sold it to the MGT group. There is no way of even knowing if he is in any way still involved in this. Most likely he’s off into another venture somewhere.

    Most likely the Jonathan@FanThrowdown.com you are attacking is the Mongero guy and you are making it sound like Mongero did something wrong or is in some way the same guy as Licata.

    You probably need to get your info straight before continuing this attack.

  • jenbenners

    @Tippy said…

    @mahuz, you are kinda stepping over the line here man. It definitely isn’t cool to throw around those kind of allegations unless you are 110% damn sure you got your info right.

    The two posts you cite are two different people. The guy you are talking about is Jonathan Licata, they guy in the domain registration is Jonathan Mongero. While Licata may have founded the company, he sold it to the MGT group. There is no way of even knowing if he is in any way still involved in this. Most likely he’s off into another venture somewhere.

    Most likely the Jonathan@FanThrowdown.com is the Mongero guy and you are making it sound like Mongero did something wrong or is in some way the same guy as Licata.

    You probably need to get your info straight before continuing this attack.

    read the info more closely. documents exist linking mongero to licata including listing same addresses for both. evidence points strongly to it being the same guy.

  • mahuz

  • Mike5754

    2013 PFBC Finalist

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