The $1.7 Million Lie

The Defy saga continues...A few weeks ago, I told you my personal history with MCNs and how this industry, one that was built to revolutionize entertainment, has instead spent years taking advantage of creators and investors alike. In the aftermath of that video, we've received an overwhelming amount of support from viewers, news publications, and other Creators, and I cannot be more grateful because after months of silence from all relevant parties, that groundswell of noise has finally gotten us a response...though it's not a particularly hopeful one. So today, I want to focus not on Defy, but the response we received from the bank that seized all of their funds -- Ally -- in order to teach you about the way banks work and the tactics PR teams use to direct our attention away from the real issues.

And as always, thank you for your support as we continue to fight on behalf of all creators wronged as a part of this situation.

#DEFYMedia #DEFY #Lie #scam #stolen #robbed #fraud #mcn #exposed #AllyBank #storytime #GameTheory #MatPat

[SheetMusicBoss]

I thought we had it bad when our channel was demonetized, but this is just something else! This is just criminal!! We won't take our eyes off this issue. You and all the other creators involved deserve justice.

[thomasmccarty]

almost a million views in a few hours and still not on trending, looks like youtube isnt a fan of protecting its content creators or them getting justice either.

[amandae]

When MatPat is angry, he gets horrifyingly calm. When i misbehave my dad is like that. They are so angry but their REAALLY calm and smooth. Pretty scary bro.

[SabsWithR]

U know u messed up when u have made one of the most humble people in the world get mad

[Obi-Wan_Kenobi]

*Can confirm, that response was a Jedi Mind Trick.*

[TJToons]

*Nothing gets past this theorist*
*He's every scammer's worst nightmare*

[rii.]

Not gonna lie, Matpat would make such a great professor. The way he tells stories just makes you wanna listen because he sounds so dedicated to what he says.

[theCodyReeder]

Makes me glad I';ve ignored all the MCN emails over the years.

[pivotbroz]

Hey Matt Pat, I just came out a law exam dealing with Bankruptcy and Insolvency act in Canada and wanted to give you some tips (I know your case is a US case and thus some laws will be different, but both systems run under common law and should have many similarities).

In Canada, the dispersement of assets is typically done by an officer of the court called a Bankruptcy trustee (who is obligated to act in the best interest of the creditors). In the event of bankruptcy priority works as follows

1) Unpaid suppliers (irrelevant in this case)
2) SECURED Creditors -> Creditors who loaned using a specific asset for collateral (for example, the collateral was the building). These creditors have first access to that building.
3) Preferred Creditors -> the most relevant point for preferred creditors is: "Includes up to 6 months unpaid employee wages"
4) Unsecured General Creditors -> These people have last dibs on the assets.

In your case, the thing that you have to demonstrate and prove is the fact that you and the other YouTubers should be seen as employees and thus will recieve higher priority compared to unsecured creditors (which could potentially be Ally, although I am not to sure since I do not have all the material facts)

Edit: As rightly mentioned below, there is also the issue of whether or not the cash generated by Youtubers should be seen as property owned by Defy. That is a very valid point and is another interesting case to argue.

Little Disclaimer: although I have taken a few courses in business law and administration in Canada always consult your lawyer before making a decision based on what i have said.
  
 Good luck Matt, we are here with you!

[Patterrz]

This whole situation terrifies me, like YouTube earnings wasn't unstable enough already. I really hope you and the other creators are able to get at least a small portion of what was stolen from them.

[syvulpie]

Ally: "They took money from us too!"
Also Ally: [Wipes tears with 9.8 Billion Dollars worth of tissues]

[Lux_Ki]

Never mess with matpat he will math, science, and logic you into oblivion

[FunBoxGamingPOG]

Matt: Exposes Ally
Most Banks: *heavily sweating*

[rufusdoodle]

If I get in trouble I want Matpat as my lawyer.

[mathewthomas]

Bro Matpat's ability to see through people like they're made of glass makes the Simpsons' ability to predict the future jealous.

[Alovon]

Do not unleash Angrypat.


He will ruin you.

[ruiiiiiiiiiiiiiiiiiiiiiiiiiiii]

They ain’t an ally, they a foe


The irony

[eerbothepirate]

It’s like when you get birthday money and your mom says “let me hold it for you so you don’t lose it” and then she spends it.

[inarb]

It's pretty sketchy that they were named "Defy" in the first place

[cameronbooth]

I hope everyone gets their money back, even though it's been a year