Mike Lindell's company told to pay $5 million in 'Prove Mike Wrong' challenge

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MyPillow CEO Mike Lindell, a vocal supporter of former Pres. Trump, who has peddled election conspiracies, offered a challenge in 2021: If anyone could poke holes in data he claimed reflected the November 2020 election, he'd give them $5 million.

It turns out that someone was able to prove he didn't have election data: A software expert from Las Vegas named Bob Zeidman. After spending a few hours examining the data provided by Lindell, he determined it"was all bogus," he told CBS MoneyWatch.

A panel with the American Arbitration Association, a not-for-profit group that offers commercial dispute resolution services, sided with Zeidman, noting in its findings that none of the data provided to the software expert was related to the 2020 presidential election. They also ruled that failure to pay Zeidman the $5 million represented a breach of contract and that he was entitled to the money.

Of the arbitration panel, Lindell added,"We're going to investigate everything. Why would someone make a ruling like this?"

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