BTWconcerts.com cancelled the Arizona Jazz Festival on Friday, October 16, 2015.
BTWconcerts.com was forced to cancel the festival because it was the victim of substantial financial fraud. Due to the fraud, the company was left without sufficient funds pay the expenses of the festival. BTWconcerts.com concluded it could not proceed in good faith and had no choice but to cancel the festival.
The Company is investigating the fraud and intends to make every effort to recover what it has lost, pay refunds to its customers and any money that may be due its vendors. The company fully appreciates its obligations to its customers and its vendors. It regrets the actions it has had to take but, under the circumstances, it is certain it did not have any other alternative.
It is premature to provide any further information at this time. BTWconcerts.com will not have any further comment until the investigation has been completed or is much further along. However, it will remain in contact with its customers and its vendors with updates.