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I've seen that solution on anoder contest forum, the contest-holders give the money to the admin, and when the contest is over, the winner sends the psd (and/or other kind of files)
and the admin then trasfers the money to thw winner and sends the logo to the contest-holder...
and for the $50 contest I'm sure It's not scam, the guy has just been always late with the posts, or maybe he found a better design and left the contest alone...
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