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.”

  • MiamiJAY

    The longer this takes the longer I dont redeposit on sites or try the smaller sites. I have friends that want to try DFS…..but now I say stay away to much BS.

  • wosleep

    @Cal said...

    I remain confident players will get their funds back, though. I’m shut out of the current negotiation, but even if it falls through there are other options to pursue. The only updates I’m getting on the current negotiation is that it remains close to finalizing.

    Even just last week we were told that it looked like things would be finalized by the end of last week. This same type of comment has been worn out these past few weeks so you could imagine how twisted I feel when these statements continue to come and go, over and over again. It sure makes everything seem shady and having literally NO REAL INFORMATION coupled with stall stall stall sure seems to suggest that some other posturing and self beneficial business is going on that does NOT benefit us (the people who’s money has disappeared) in any way. Cal, you had direct contact and personal information for these guys and I know that you have been in an uncomfortable position from all of this (I certainly hope that there is not more to it than that) but you have, on more than one occasion, passed along information saying that work is being done to fix all of this, etc. As many people have also mentioned RG was actively promoting FH. I know you couldn’t possibly come on here and just start spewing information that may or may not put yourself at any kind of risk and I certainly do not blame you because if I were in your spot I wouldn’t want to open any can of worms, whatsoever, that might make me even more uncomfortable than I already am. Still, it is a bit troubling to me that you admit to having some knowledge of the goings on but leave it at that and then pass these messages of hope that never come to fruition and then ignore everything all over again. I just think this whole scenario makes for a mysterious situation that leaves everyone feeling discounted, betrayed and not least of all skeptical of DFS in general.

  • srolleDFS

    @ComicFx said...

    Was there really a 3rd party? I believe a few people (RG, ESPN) claim to have spoken to the first “strategic party” but were sworn to secrecy or some such BS. Was the last name of the “strategic party” the same as the last name of the principle parties? I think you all lied at this point!

    Im pretty sure ESPN didnt fabricate news to protect the founders of fantasyhub.

  • tvsfrink

    Recent tweets from David Purdum (nothing new):

    https://twitter.com/DavidPurdum/status/707246564889198592

    https://twitter.com/DavidPurdum/status/707246977604526080

  • ComicFx

    @srolleDFS said...

    Im pretty sure ESPN didnt fabricate news to protect the founders of fantasyhub.

    I’m pretty sure someone stole my money.

  • Cal

    RG CoFounder & Admin

    • 510

      RG Overall Ranking

    • $1M Prize Winner

    • x4

      2015 DraftKings FFWC Finalist

    @wosleep said...

    Still, it is a bit troubling to me that you admit to having some knowledge of the goings on but leave it at that and then pass these messages of hope that never come to fruition and then ignore everything all over again.

    I’m definitely not ignoring anything wosleep. I have very limited information and I’m reporting what I can, which some appreciate. I understand if you and some others don’t appreciate it.

    I’m not discouraging anyone here about speaking out on this, being angry, etc. What’s happening is awful. I am saying to not write off your funds yet, though. Check out this FantasyUp thread to see how a situation with many similarities to this one played out just recently.

  • ComicFx

    For the record, I don’t think RG or ESPN writer guy lied, I think they were probably lied to. This “strategic third party” is starting to look dumb as the Hub guys that ran an unrecoverable operation / probably criminal enterprise there at the very end. The longer they choose to release BS info the worse “they” look, Hub guys are toast, new buyer might have had a shot but now, I just want my money or them kids in jail.

  • wosleep

    @Cal said...

    I have very limited information and I’m reporting what I can, which some appreciate. I understand if you and some others don’t appreciate it.

    I’m not saying I don’t appreciate any offered information. I don’t appreciate hearing the same thing over and over regardless of who it comes from. My beef isn’t with the messenger. It’s with whomever or wherever it is coming from. I wouldn’t ask you to name names or anything but if you are getting firsthand information then I would seriously question that person or group. You being a player in the DFS community must have some voice if not influence?? Someone out there is obviously pulling major stall tactics and it is not acceptable. Last word was “waiting on signatures”. That was apparently a lie (I’m not saying you said that because I dont believe you did).
    You mentioned “there are other options to pursue”. You being privy to much more than anyone else here, I ask would you let us know when that would be appropriate? I’m not asking you to get involved to any point of potential risk but I don;t know if any of this “negotiation” has been in good faith or at all for that matter. I feel strongly that if we are just being strung along (which it feels is exactly what is happening) then these other options should be pursued. Enough is enough when it is to the point where weeks of literally NO SPECIFIC information is available.
    Are we supposed to keep giving these guys the benefit of the doubt when they did what they did to begin with??

  • wosleep

    After coming on here last week and starting the whole deal being done bs and then saying only need signatures and then saying probably Friday… So this David Payne Purdum now says, David Payne Purdum ‏@DavidPurdum 7h7 hours ago
    BigItaly42 FantasyHub : Communication has stopped. Don’t know. Hopefully, it’s still going, but people are relaying info anymore.
    So, first things should be finalized Friday and then POOF “Don’t know” “DON’T KNOW”?!?
    THAT’S IT??
    Well where did the communication come from to begin with???? ASK QUESTIONS!!!
    This makes NO SENSE and is simply wrong to play with people like this. Wow! I can’t even express what I am feeling right now after weeks of being strung along and having people tell us to hold tight and give them the benefit of the doubt and all the other asinine things that have been said here. Played as fools. We’ve all been played as fools.
    I’m going to take Brit Devine’s advice and call and report and I suggest everyone do so. This has got to be ended.

  • jregger

    @wosleep said...

    After coming on here last week and starting the whole deal being done bs and then saying only need signatures and then saying probably Friday… So this David Payne Purdum now says, David Payne Purdum ‏@DavidPurdum 7h7 hours ago
    BigItaly42 FantasyHub : Communication has stopped. Don’t know. Hopefully, it’s still going, but people are relaying info anymore.
    So, first things should be finalized Friday and then POOF “Don’t know” “DON’T KNOW”?!?
    THAT’S IT??
    Well where did the communication come from to begin with???? ASK QUESTIONS!!!
    This makes NO SENSE and is simply wrong to play with people like this. Wow! I can’t even express what I am feeling right now after weeks of being strung along and having people tell us to hold tight and give them the benefit of the doubt and all the other asinine things that have been said here. Played as fools. We’ve all been played as fools.
    I’m going to take Brit Devine’s advice and call and report and I suggest everyone do so. This has got to be ended.

    Dude, chill. We (those of us with funds missing from FH) are all pissed and frustrated. However, if you look through this thread, there are some very practical steps you can take, including submitting claims with credit card companies, PayPal, etc.

    You only joined RG on 2/18/16, after all of this was already brought up. Most of your posts seem to be irrational temper-tantrum in nature, and that doesn’t help any of us (nor does it help you recover any of your funds).

    No one disagrees that FH’s ongoing lack of communication or making amends is ridiculous, and that there is / has been some extreme shadiness involved in the whole operation. You are not being told to simply “hold tight.” Make claims with the entities you funded FH with, and contact those who have already posted in this thread that they are putting together individuals to try to recoup lost funds. Other than that, move on and try to enjoy the grind.

  • wosleep

    @jregger said...

    Dude, chill. We (those of us with funds missing from FH) are all pissed and frustrated. However, if you look through this thread, there are some very practical steps you can take, including submitting claims with credit card companies, PayPal, etc.

    You only joined RG on 2/18/16, after all of this was already brought up.

    Dude if you don’t like what I have to say move on. I was looking for answers to why my withdrawals weren’t happening through FH. That’s when I joined RG. Not that it’s any of your business and not that it should matter. So, dude chill. I didn’t say a word to you so don’t come imposing yourself on me. I got other words for you but instead i’ll just be done with you here and now.
    BTW I do want to say thank you to Cal for providing this forum for people to discuss this and I’m glad to have it especially if other people like me can come together to try to figure out whats going on and then hopefully take unified steps to be heard. So thanks.

  • biggiesmails72

    RG shouldnt give anyone money back. Although it would be nice to offer a transfer of subscriptions if they havent already

    And I really kind of doubt that ESPN or RG are lying about the reports. Whats the point? Either way this is a reportable story.

    And for those saying this is a black eye on the DFS industry. 1) I disagree, 2) Who cares

    This is more about charity fraud and the stealing of peoples money. After the ‘INSIDER TRADING’ incident this will look like nothing

  • hotpants

    You can put lipstick on a pig. Or even try to hide the pig out back, but they always find that smelly swine

  • smallANDflaccid

    @hotpants said...

    You can put lipstick on a pig. Or even try to hide the pig out back, but they always find that smelly swine

    I’ve asked you multiple times now to leave my sex life off this forum.

  • Aalbanese102089

    @jregger said...

    Dude, chill. We (those of us with funds missing from FH) are all pissed and frustrated. However, if you look through this thread, there are some very practical steps you can take, including submitting claims with credit card companies, PayPal, etc.

    Thaty doesn’t do anything if you’ve already won more than you deposited since you can only get your initial deposit back. I’m sick of hearing people talk about that.

  • sjm26b

    @Aalbanese102089 said...

    Thaty doesn’t do anything if you’ve already won more than you deposited since you can only get your initial deposit back. I’m sick of hearing people talk about that.

    Why would you only be able to get your initial deposit back?

  • smallANDflaccid

    @sjm26b said...

    Why would you only be able to get your initial deposit back?

    In the case of disputing with PayPal or a credit card.

  • sjm26b

    @smallANDflaccid said...

    In the case of disputing with PayPal or a credit card.

    I know. But why just one? You cannot get back more than one deposit?

  • Aalbanese102089

    Let me make this clear. People keep saying dispute with Paypal or your CC company. If I deposited $500, over time I won, $500 (so my balance would be $1000) and as my withdrawl, they just refund my deposit back to my CC, as does DK and FD. I have nothing to dispute so I’m screwed since it just looks like I was refunded my deposit. I can’t dispute my profit, which is stuck on the site. Therefore my $500 is gone. Never getting it back.

  • smallANDflaccid

    That does raise an interesting scenario where you:
    1) deposit $500
    2) lose all of it, with skill
    3) site goes under
    4) run to PP/CC and complain

    Can you get the $500 back?
    Ethically, shouldn’t be done.
    But in terms of what they have accecss to, it is akin to wins – in that they have no knowledge.
    Normally they would look into it with the site – but in this case, it seems the company is not responsive to anyone.

    I wouldn’t try it, but they would have no record of it – akin to why they cannot give you your winnings as well.

    (really not advocating that)

  • jregger

    Aalbanese, I do not disagree with you. I am also in the same boat with a nearly 100% ROI on FH.

    With that being noted, getting my initial (and subsequent for “reload bonuses”) deposit back is better than nothing. Maybe we all do get made whole for our entire balances, but maybe we don’t. All I have suggested is for those asking (or SCREAMING, at times) is to at least take these steps to get your initial deposit back. That is all.

    Let the raving resume…

  • jregger

    @smallANDflaccid said...

    That does raise an interesting scenario where you:
    1) deposit $500
    2) lose all of it, with skill
    3) site goes under
    4) run to PP/CC and complain

    Can you get the $500 back?
    Ethically, shouldn’t be done.
    But in terms of what they have accecss to, it is akin to wins – in that they have no knowledge.
    Normally they would look into it with the site – but in this case, it seems the company is not responsive to anyone.

    I wouldn’t try it, but they would have no record of it – akin to why they cannot give you your winnings as well.

    (really not advocating that)

    I believe that this would constitute fraud, and, should PP/CC eventually uncover this, the individual making the claim would be subject to criminal penalties and liable for civil damages from PP/CC.*

    *I am not a lawyer, and this does not constitute legal advise.

    But seriously, don’t do this lol

  • smallANDflaccid

    @jregger said...

    But seriously, don’t do this lol

    Agreed

  • RangerC

    How do you dispute charges from December that are out of the 60 day limit? (have 2 huge deposits in December for their 50/50 promotion). I can dispute the 500% bonus promotion deposit without a problem.

  • RangerC

    @gordmania said...

    i’ve been waiting to hear the outcome of all of this even though i have no money with them. i spoke to plappert by phone, about two weeks before the shutdown. it was my first time talking with him. it was an ad sales call.
    when i got off the phone, it was my impression that he was just a kid. all of his partners, were kids too. maybe just out of school. they were given money by a start up incubator, and that was all the money they had. they had a business model of acquiring people for 6 dollars while others spent 63 per person. from the beginning, they were running on borrowed time.
    it wouldn’t have surprised me if they all still lived with their parents to save as much money as possible.
    they were in over their heads.
    i don’t think they were criminals like you think. i think they were naive and the people who gave them their start up money were naive.
    Those tech start up incubators are supposed to have mentors and such….. where were they in all of this?
    I really think these were kids that were given the keys to the car and had no idea how to drive. When that happens, there’s going to be an accident. In my opinion, the incubation company is at fault here as well. They should have been on top of them and helping them out. Especially when it came to legalities.

    They had some mentors listed on their angel.co – Lou Lemos (some financial professor), Gary Glass and Matthew Kimball (who both seem to be obscure angel investor types). Also, Chuck Schnatter (the brother of the Papa John’s guy, and a multimillionaire who could easily cover all of this) is listed as a BOARD MEMBER on their angel.co page (can’t find any other confirmation about this, so maybe they were lying). Gotta assume that the 4 of them might want this to go away as well rather than being part of a charity scam.

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