He formally conceded the bet today.
All escrowed funds have been sent back to the bettors and since the funds that he escrowed matched the amounts that were escrowed against him and the extra that he escrowed (about half of the remainder that is owed) will be distributed tomorrow.
The remainder that he owes will be paid off by the date the bet was actually supposed to end. I think this is fair.
After taking into account all the money he made from playing, BOP, FPPs, and other endeavors whilst playing he figures that even after paying off the bets he only actually lost about $800.
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06-24-08, 09:16 PM
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