Update: Statement from EBC on alleged youth basketball fraud

The man accused of scamming hundreds of youth basketball teams across the country, including one from the midstate, is speaking out about what happened.

The York Raiders told us they traveled to New Jersey over the weekend for what they thought would be a basketball tournament hosted by Elevate Basketball Circuit. But when the team got there, the doors were locked, and the tournament was canceled.

The team already paid a $1600 registration fee, and have not gotten a refund. According to USA Today, more than 700 teams around the country signed up as well.

Late Monday night the president of EBC, David Kelly Sr., released a letter saying financial troubles forced him to shut down the tourney.

Here’s what he wrote:

EBC Friends, Family and Customers:
I wanted to share our current circumstance with everyone interested. It has been a difficult few
days at the EBC. As the creator of the EBC, I had a dream of building an exciting basketball
platform for young boys and girls from all over the country. Many of you shared that dream and
vision and helped me by enlisting teams and spreading the word. I want to thank all the coaches
who have been supportive and who continue to be supportive of our efforts and vision.

I understand many people are disappointed and angry at our actions. As there have been many
reports of our status in the media, I wanted to share our sobering reality.

Although it seemed like we had strong support, we ultimately received payment from less than
300 teams with many teams paying reduced fees. Our gross revenue could not cover operating
expenses. Very few staff got paid and most of our staff, including myself, never took a pay
check.

In the end, our cash flow could not cover our operating costs in both the short term and the long
term. We simply did not run a very good business and could not raise enough capital to cover
this reality.

This statement is not to not make excuses. It is just to share our situation. I am terribly sorry to
all our athletes, coaches and sponsors.

We are currently in discussions with several groups who can help. We are doing all we can to
raise the capital or sell parts of the company to move forward.

We will try to provide updates on this web site when we can.

David Kelly Sr,
President of Elevate Basketball Circuit

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