Shera New
Member
Registered: Feb 2005 Location: Posts:
9 |
quote:
The reason why this has turned into such an "ordeal" is
solely because you do not play with open cards.
No. The reason this has turned into an
ordeal is because Sean's original and logical assumption that
the winner gets bonds and not cash was not corrected by either
Randi or Kramer in the very beginning.
If either Randi
or Kramer had simply told Sean that the prize was CASH I am
willing to bet there would have been a total of two e-mails
between Sean and the JREF and this thread (179 posts as of
now) would never have happened.
Here is Sean's first
e-mail (as both per Sean's log at http://s91683501.onlinehome.us/randi.html and
per Kramer's post (first post in this
thread)):
From: XXXX To: randi@randi.org Date:
Sat, 29 Jan 2005 21:04:28 -0500 Subject: 1million Challenge
Questions
Hello, On your website, it
states:
"The prize is in the form of negotiable bonds
held in a special investment
account."
and
"At the formal test, in advance,
an independent person will be placed in charge of a
personal check from James Randi for US$10,000. In the event
that the claimant is successful under the agreed terms
and conditions, that check shall be immediately surrendered
to the claimant, and within ten days the James Randi
Educational Foundation will pay to the claimant the
remainder of the reward, for a total of US$1,000,000. One
million dollars in negotiable bonds is held by
an investment firm in New York, in the "James Randi
Educational Foundation Prize Account" as surety for the
prize funds. Validation of this account and its current
status may be obtained by contacting the Foundation by
telephone, fax, or e-mail."
My questions surround the
form the money is in, and how it will be delivered. The
$10,000 will be delivered in check, which means I will have
access to use it all once the check clears; is this correct?
The bonds I will not have access to, on the other hand...
Where do the bonds come from (what corporations issued the
bonds), what are the interest rates on the bonds, and when
is the maturity date on the bonds? I.e., When will I have
access to the $1mil, and how much money can I expect on a
monthly basis generated from interest?
Thank
you.
- Sean Connelly
--
Sean's
e-mail could have been answered as so: -- Hello,
The prize is in the form of U.S.A cash paid by check
or electronic funds transfer. The winner does NOT get bonds.
Since there are no bonds awarded -- there are no bond issuers,
maturity dates or interest rates for a winner to be concerned
about.
The winner gets a check made out to him or her
for USA$10,000.00 immediately upon the conclusion of the
formal test. The balance of the award, USA$990,000.00 will be
paid to the winner within the following 10 days by either
check, EFT or in another agreed upon cash equivalent
form.
The present form of the award money is in the
form of bonds for our convenience only. We are attaching a
copy of a statement from Goldman & Sachs that verifies the
existence of the funds. Alternatively you can look up our
information return ( 990 ) filed with the IRS for the year
2003 at [ web site address here] to verify that we do have the
funds. The 990 was filed by our certified public accountant
and agrees with our audited financial statements.
--
That took me less than 2 minutes to
write.
--
quote:
We have your word against Kramer's.
quote: -------------------------------------------------------------------------------- Originally
posted by peebrain And now this false email has sprung up,
which is very suspiscious. I emailed Kramer from a private
account, that NO ONE knows about. I X'd out my email in the
public logs. For someone to fake the email, it would require
them to know my email address - and this information isn't
available to ANYONE except myself, Kramer, and Randi. I
haven't used that particular email account for anything
else. --------------------------------------------------------------------------------
quote:
We only have your word that the account was private
No, we have more than words available to
us. As Sean suggested the e-mail headers can be compared. Some
of an e-mail header information is forgeable, but not all of
it, I believe.
Shera
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