Yes- There IS a risk(indubitably); IF you happen to be grounded, when in contact with the hot side of a 120V AC circuit(or two hots of 240V single phase/any two hots of 3 phase). You HAVE to be the completion of a circuit, for current to flow. Grab the hot wire of a 120V AC line, and nothing will happen(unless some part of your body is in contact with neutral, or earth ground). The children, in that article, were electrocuted when they touched the energized metal ladder of the boat. Being in the water, grounded them(tragic). Ungrounded NEMA 1-15 sockets have been prohibited in new construction in the United States and Canada since 1962. Grounded cords & polarized plugs have only been common on electronic equipment, since the late 80's.
Another cheater plug thread
OK. So on a couple of other threads, opinions of cheater plugs to tame system hum range from "If it works use it" to "you're going to die in a fiery inferno." In my case, I used a cheater plug between my power supply and my pre-amp to finally get rid of a year-old hum problem. the power supply is a PS Audio Ultimate Outlet with only two outlets that supplies only my amp and pre-amp. Because the PS is still grounded - I think - all I did was break the ground circuit between the two components. So the question is, do I still have any grounding on my pre-amp here, just on the basis of being plugged into a grounded power supply? I wouldn't think so, but I'm not an engineer. Also, what is the benefit of being grounded vs. ungrounded in this situation?
Ready, set, fight!
Ready, set, fight!