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Fact Checking Site Snopes on Verge of Collapse. Founder Accused of Fraud, Lies, & Embezzlement

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The fact-checking website that more recently set its sights on determining if “fake news” was indeed fake has found itself in a financial collapse after it was discovered that the owner and his new wife were living an outlandish lifestyle. There are also reports of embezzling and hiring prostitutes on the company’s dime according to a new report by the Daily Mail and a lawsuit filed by shareholders of the website.

The situation has gotten the company in such dire straits that the owner, David Mikkelson, created a GoFundMe #SaveSnopes which subsequently raised $500,000 in its first day accepting donations. Mikkelson said in the GoFundMe that his company was being held “hostage” by Proper Media, who does advertisement for the website.

“Our legal team is fighting hard for us, but, having been cut off from all revenue, we are facing the prospect of having no financial means to continue operating the site and paying our staff (not to mention covering our legal fees) in the meanwhile,” Mikkelson said.

[more…]

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Source: http://www.philosophers-stone.co.uk/?p=20288


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