The UK-Based PledgeMusic owes hundreds of thousands of dollars to artists and labels, many of them independents operating on small margins. An untold number of fans have also been shortchanged, because the projects they invested in remain unfinished, or caught in limbo. “There have been no good outcomes here,” Benji Rogers, a co-founder and former CEO of PledgeMusic, wrote last week in an open letter, “and I cannot bear that something that I created to benefit artists and fans has caused so much pain to so many people.” – NPR