And then there's also the possibility for civil fraud penalties if it was deemed to be intentional and being done with knowledge that civil fraud could be assessed. That's a much higher standard than just so it's safe to say The NIL industry is still the wild wild west right now and violating pretty much every established law on employer, employee slash, independent contractor. Every business in America would love to have an independent contractor status because it lessens the burden administratively on those businesses, just as it does universities and the collectives are a pass through. (03:28–03:41)
CLAIM
Asserts that the NIL industry is currently unregulated and violating laws regarding employment classification.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
