INDUSTRY FORUM

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  • dayman

    So I originally put in a withdrawal request on the 28th of January. I then got an email from them on February 2nd that I needed to submit a W9 and that my withdrawal wouldn’t be processed until I did. I emailed them the W9 on the 5th (and received a 1099 in the mail from them two days ago).

    My withdrawal still hasn’t gone through. I emailed them on the 12th, and contacted them through the website yesterday, both with no response… Anyone else having issues with them?

    3/10/16 UPDATE: DraftKings strikes a deal to cover all unpaid FantasyHub balances and liabilities. Read more from David Purdum on ESPN!

    DraftKings Co-Founder Matt Kalish’s Statement: “This is not an acquisition deal or an asset purchase deal. This is a very simple deal, where we’re assigning two liabilities from [FantasyHub] over to DraftKings in an effort to do the right thing for their player base, which has a nearly 80 percent overlap with our own. We never want to see our player base go through an experience that’s negative like this. What happened here was reprehensible. It is a breach of trust for these players and we share a lot of these players with them. We just didn’t think it was the right thing to do to sit on the sideline and let that happen. We had the ability to step up and do something.”

  • oldschoolways

    @btwice80 said...

    I still don’t understand what leverage FH has to negotiate anything.

    I think their leverage is basically if they go belly-up, that’s bad for the industry as a whole. Who knows what deals are on the table right now, but if they’re smart they’ll take one that makes the players (and the charities) whole and then leave quietly.

  • jdubbedford

    I have no horse in the race here. But I think it’s funny that some of you think these guys live in such a place that you can just stroll right up to their front door and knock… I’m guessing that live in some pretty exclusive gated communities…

  • ComicFx

    @oldschoolways said...

    take one that makes the players (and the charities) whole and then leave quietly.

    That deal leaves the “strategic third party” with a loss, my speculation is that’s why we’ve heard nothing since the last time we were told nothing.

    Would you bailout 3 guys that ran a company into the ground, in a lot of debt, have nothing to offer but pissed off customers and a company that apparently can’t turn a profit? OR worse, bailout criminals that ran a ponzi, with elaborate subscription plans, bonus offers and defrauded charity? Tough sell.

    RIP 5/7 golf, hung up my digital clubs…

  • danliebl

    not saying they have the funds, but would it make sense for a smaller site (ie not FD or DK), like Aces, want to buy FH? They could use take over the customer base and put them directly into their own DB, or merge them if they exist already with that site, so their balances go over to the new site. Offer a bonus up front to keep the money in the new site longer.

    chances are a lot of users would just keep the money on the site to play around a little, I know I would. Granted, I only had around $100 in FH. those that have more I am sure are more antsy to get the money in their own bank account.

    As for the charity part of this, I know it sucks for them, but they are not really out money they were expecting. What I mean is, we thought money was going to our favorite charity, but our favorite charity did not know it was coming, so it really is no loss to them. Some, as mentioned, never heard of FH.

    I think someone said it earlier in this thread, but, paying the charities is probably not high on the potential 3rd parties list of priorities.

  • tvsfrink

    @danliebl said...

    chances are a lot of users would just keep the money on the site to play around a little, I know I would. Granted, I only had around $100 in FH. those that have more I am sure are more antsy to get the money in their own bank account.

    I would probably leave a little money on whatever new site it is, just to try it out to see if I liked it. With that said, this has spooked me into withdrawing 90% of my money on three other sites and just leave enough to play with. I should have done that earlier (it would have protected most of my FH money) but I was just lazy.

  • jimfred82

    • Blogger of the Month

    @joephoto said...

    And Steve Plappert supposedly raised $6,000 for charity by running it.

    that made me laugh. well played.

  • filmcritic

    From Twitter –

    David Payne PurdumVerified account
    ‏@DavidPurdum
    I’m told a deal to bail out @FantasyHub could be finalized by end of day or tomorrow. Goal is to square everyone up. Cross your fingers.

  • jdtrey

    @thehammer74 said...

    Knocking on a door and asking questions is not “criminal” and as such, you cannot be charged. They can ask you to leave and not come back and at that point you must obey. If they call the police, you will be asked to not return and the police will inform you that you will be charged with trespassing if you continue to go to their home.

    As far as if it escalates “even the slightest bit” you would go to prison is ludicrous. Sure, if you beat them to a bloody pulp you will definitely go to jail. What’s your meaning of “slightest bit”? If there is a loud argument you will do real time in prison?

    This is the US and Canada, not Baghdad.

    First of all, you’re assuming any one of the people talking about possibly going this route would be even remotely civil, which is highly unlikely. Second, if the person they’re seeking were to answer the door you think they would just stand there and have a polite conversation on their front porch about it? Now if the wife or child (or father or mother) of these individuals were the ones to answer the door and have this conversation, we can safely assume they would probably feel threatened to a certain extent. If asked to leave and the knocker chose not to do so in order to voice their opinion, you better believe the police would be called and intimidation charges would be filed. We’re talking hypothetical situations here where people (who are already somewhere between very upset and irate) are spending their own time and money to track these individuals addresses down and you honestly believe there’s even a small chance that they would just walk away if these people just shut the door in their face?

  • NGJSkillz

    @jdubbedford said...

    I have no horse in the race here. But I think it’s funny that some of you think these guys live in such a place that you can just stroll right up to their front door and knock… I’m guessing that live in some pretty exclusive gated communities…

    What does you having “no horse in the race” have to do with anything you just typed? I swear some of you just come in here to gloat about having no money at stake here.

  • cAUmberlandtiger8

    @jdtrey said...

    First of all, you’re assuming any one of the people talking about possibly going this route would be even remotely civil, which is highly unlikely. Second, if the person they’re seeking were to answer the door you think they would just stand there and have a polite conversation on their front porch about it? Now if the wife or child (or father or mother) of these individuals were the ones to answer the door and have this conversation, we can safely assume they would probably feel threatened to a certain extent. If asked to leave and the knocker chose not to do so in order to voice their opinion, you better believe the police would be called and intimidation charges would be filed. We’re talking hypothetical situations here where people (who are already somewhere between very upset and irate) are spending their own time and money to track these individuals addresses down and you honestly believe there’s even a small chance that they would just walk away if these people just shut the door in their face?

    I agree with you. There are also some neighborhoods which have laws that prohibit soliciting in that neighborhood. Girl scouts cant sell cookies, people cant pass out flyer, etc. Basically if you dont live there or are a guest of someone who does, you cant be on that persons private property. Trespassing signs are already posted. Lets also assume that maybe the house is in a gated community or the house is located in a private neighborhood. Bad things happen when people who are out $500 dollars just want to “talk about things“to the LLC member.

  • sjm26b

    Plappert ran the marathon in 5:24:32. That is an exceptionally slow time (12:23 min/mile).

  • dp47

    • 2012 RotoGrinders TPOY Champion

    • 2012 FanDuel WFFC Finalist

    • 2013 FanDuel WFBC Finalist

    • 2013 FanDuel NFL Playboy Mansion Finalist

    @sjm26b said...

    Plappert ran the marathon in 5:24:32. That is an exceptionally slow time (12:23 min/mile).

    If only he had a strategic partner to help him run.

  • dp47

    • 2012 RotoGrinders TPOY Champion

    • 2012 FanDuel WFFC Finalist

    • 2013 FanDuel WFBC Finalist

    • 2013 FanDuel NFL Playboy Mansion Finalist

    @cAUmberlandtiger8 said...

    Bad things happen when people who are out $500 dollars just want to “talk about things“to the LLC member.

    LOL

    Bad things happen?

    Like the homeowner gets uncomfortable and asks you to leave? Or the weasel bro calls the cops and they ask you to leave? We are talking about ringing a doorbell.

    Also, four bros set up a LLC, they didn’t build a trump wall.

    Starting to get the feeling that maybe just maybe you are in contact with someone there and they’ve told you this is out of their control, and you feel bad for them because they are nervous about people confronting them about this bs. Just spit-balling here.

  • oldschoolways

    @ComicFx said...

    That deal leaves the “strategic third party” with a loss, my speculation is that’s why we’ve heard nothing since the last time we were told nothing.

    Would you bailout 3 guys that ran a company into the ground, in a lot of debt, have nothing to offer but pissed off customers and a company that apparently can’t turn a profit? OR worse, bailout criminals that ran a ponzi, with elaborate subscription plans, bonus offers and defrauded charity? Tough sell.

    RIP 5/7 golf, hung up my digital clubs…

    I hear you. I mean it’s a situation where it would be better for the industry if someone bails FH out, but probably to each individual company’s advantage not to be the one that picks up the tab. An interesting collective action problem.

  • cAUmberlandtiger8

    @dp47 said...

    LOL

    Bad things happen?

    Like the homeowner gets uncomfortable and asks you to leave? Or the weasel bro calls the cops and they ask you to leave? We are talking about ringing a doorbell.

    Also, four bros set up a LLC, they didn’t build a trump wall.

    Starting to get the feeling that maybe just maybe you are in contact with someone there and they’ve told you this is out of their control, and you feel bad for them because they are nervous about people confronting them about this bs. Just spit-balling here.

    I can assure you I have zero contact with FH. I actually have $250 tied up on FH. You assume that people who go knocking on doors wondering where their money is being kept are rational. I just think its completely irresponsible to suggest that everything will be fine and legal by knocking on someones door with the intent to question them about their business. When in fact certain circumstances could land that person in jail or a fine. There is a right way and a wrong way to go about getting your money back.

  • DefinitelyMiami

    @golferdude31 said...

    Did you successfully get the dispute ruled in your favor Miami?

    Yeah FH didnt respond so the whole process only took a week

  • thehammer74

    @jimfred82 said...

    as a marathon finisher my well, props. they’re hard and stupid to begin with, but shooting for one in dublin, ireland, where you are pretty much guaranteed crappy weather? props.

    Why would you post here to give props to the guy that has more than likely swindled a lot of people out of substantial amounts of money…most importantly charities? Do you think any of us care about his marathon running? How do we know that him running a marathon isn’t a complete lie just like his supposed charity work? Would you post on a forum for Bernie Madoff’s victims to give him props for being a brother of the Tau Chapter of the Sigma Alpha Mu fraternity and graduating from Hofstra University? Yes, it’s an extreme example, but the concept is the same. I think it’s a little insensitive on your part and I would expect more from someone at RG…

  • thehammer74

    @jdtrey said...

    First of all, you’re assuming any one of the people talking about possibly going this route would be even remotely civil, which is highly unlikely. Second, if the person they’re seeking were to answer the door you think they would just stand there and have a polite conversation on their front porch about it? Now if the wife or child (or father or mother) of these individuals were the ones to answer the door and have this conversation, we can safely assume they would probably feel threatened to a certain extent. If asked to leave and the knocker chose not to do so in order to voice their opinion, you better believe the police would be called and intimidation charges would be filed. We’re talking hypothetical situations here where people (who are already somewhere between very upset and irate) are spending their own time and money to track these individuals addresses down and you honestly believe there’s even a small chance that they would just walk away if these people just shut the door in their face?

    Now that you are adding in that the individual is refusing to leave the property, of course the police would get called and you would be forced to leave and may or may not be issued a citation. You left that part out the first post so that’s why it appeared illogical. I still think real prison time is out of the question unless there was a violent crime and even then many people just get jail time or probation for assault depending on the severity. I’d question anyone’s intentions that would actually hop on a plane to show up at this guy’s house though. I certainly don’t disagree with you that things could get out of hand!

  • thehammer74

    Just so everyone knows, you can dispute it on your credit/debit cards as well. Most financial institutions have a 60 day limit, but you should check with your card provider to make sure. That means any deposit you made in the last two months would almost assuredly get refunded. FH would have to PROVE the charges were legitimate and they can’t because they don’t have your signature for the transaction. I doubt FH would even respond anyways. As a business owner myself, I have encountered this with crooked customers that weren’t defrauded but instead tried to defraud my company by claiming they never authorized the charges on their cards. I won every dispute except for one where our credit card receipt that the customer signed couldn’t be found in our records. We took this customer to small claims court afterwards and provided the other supporting documents and won the case. In this case you have just cause to dispute.

  • joephoto

    @filmcritic said...

    From Twitter –

    David Payne PurdumVerified account
    ‏@DavidPurdum
    I’m told a deal to bail out @FantasyHub could be finalized by end of day or tomorrow. Goal is to square everyone up. Cross your fingers.

    So will this be another update about a “strategic third party” ?

    Thanks a bunch,
    but I care less and less about my $489 and more about Steven Plapperts prosecution for Charity Fraud every day.

  • dude_abides7

    I am still trying to figure out why these guys are being able to negotiate deals while they hold peoples’ money hostage? If they have broke the law (and every indication points to that they did) then they shouldn’t be allowed to sell until that is parsed out.

    It’s like a guy that robs a bank and the cops allow him to settle his personal dept, using the money he stole, before the police take him down the station.

    Please…someone here smarter than me, help me understand how this is even remotely possible?

  • tvsfrink

    @dude_abides7 said...

    If they have broke the law (and every indication points to that they did) then they shouldn’t be allowed to sell until that is parsed out.

    Hard to prove by a bunch of us nobodies on the internet, dude.

    We’re out of our element.

  • joephoto

    Right. Guys here have said they’ve talked to attorneys and Paypal, but nobodys actually “called the cops” that I’ve noticed.
    I’m hoping for a defrauded charity to press charges. I wonder if they actually got permission to use the charity logos.

  • tvsfrink

    @joephoto said...

    nobodys actually “called the cops” that I’ve noticed.

    Go for it.

  • sjm26b

    Call the cops?!?

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