FantasyDraft will rescue the customer balances for the stricken and Fantasy that is bankrupt Aces, its CEO announced on Monday regarding the RotoGrinders DFS forum.
FantasyDraft CEO Steve Krombolz said their company is stepping in so that they can save the 'lifeblood of this industry.' The majority that is vast of Aces clients will be paid in cash, while bigger balances are going to be topped up with FantasyCash.
FantasyDraft was regarding the verge of acquiring your website month that is last it pulled out of the offer citing 'issues identified during our due diligence.' It in fact was a move that quickly propelled Fantasy Aces towards chapter 5 bankruptcy.
Bankruptcy filings quickly unveiled the truth that is messy Fantasy Aces' situation: the organization had failed to segregate player funds from its operational costs and owed its customers $1.3 million.
An account listed in the filings as 'Players Account' contained just $2,419. Although the ongoing company listed assets of...