Topic: BetKing.io is a blatant scam operated by Dean Nolan - page 29. (Read 31064 times)
Interesting story. Yeah, from what I've been able to conclude talking with others, he was a BTC bull to the max, basically taking everyone down with him. Pretty much as you say. Pretty irresponsible. Crazy because with just a tiny hedge at some point along the way he could have been doing extremely well.
While I've gotten screwed all over in crypto, one place I didn't is with Dean. I got in early when things were good, left around the beginning of his first ICO
While I've gotten screwed all over in crypto, one place I didn't is with Dean. I got in early when things were good, left around the beginning of his first ICO
Good to know you got in and out at the right time. It is very painful when getting scammed so if you won this one I am happy for you.
The behavior of scam artist Dean Nolan fully contradicts that he collected anywhere near $6.5 million in the 2017 ICO!
His behavior clearly confirms that it was even not $1 million!
That does not make any sense!
In case you did not know BetKing scam | First entry on google
His behavior clearly confirms that it was even not $1 million!
dear Admin.....I have deposit LTC 8.50634013 for quite a while until now not confirm yet. please can you take a for it. thanku so much before. Regard and love you
my username dicemaster
https://chainz.cryptoid.info/ltc/tx.dws?f670db5d86ce6c21a56eae004ac48e7b3c05b1871b979d851c6fdb3b219a99d6.htm
If you love scammers and love to use their service, why do you complain about your LTC 8.50634013?my username dicemaster
https://chainz.cryptoid.info/ltc/tx.dws?f670db5d86ce6c21a56eae004ac48e7b3c05b1871b979d851c6fdb3b219a99d6.htm
That does not make any sense!
In case you did not know BetKing scam | First entry on google
Bounty participants received only 1% of all tokens, not 5%.
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.
Please tell me how I can sell them at the advertised dollar value.
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.
Please tell me how I can sell them at the advertised dollar value.
I guess you can sell them on the on-site exchange, but the best offer is currently: 0.0000008 BTC which is only 3% (?!!) of the supposed face value. It's kind of funny how he can try pretend that investors haven't been screwed. When btc prices were higher than the "buy back price", he was more than happy to make a (personal) profit. And literally the minute things turned against him, he renegs.
I actually have chat-logs of him assuring me that he would be being doing the buy backs "even if btc goes to $1" and when I pressed him on how he could possible afford that, he told me has systems in place to sell btc immediately as the price went down, so he could make sure he has funds to pay his investors.
I strongly suspect Dean is actually insolvent. The supposed reason he wanted me to buy a large quantity of BKB him, was so that he could increase his long exposure to btc price, and that was just before the price crashed even more. When ever I asked him about using any sort of escrow structures or proving his funds, he would come up with bizarre (and sometimes contradictory) excuses.
Fast forward a few days, and he was willing to trash his reputation to screw Dan on a 2 BTC license fee (even after having raised millions of dollars for supposed costs). Tries to raise more money with a half-baked ICO. Then he goes on to screw investors with the buy-back cancelation, and now players with the prize cancellation.
Interesting story. Yeah, from what I've been able to conclude talking with others, he was a BTC bull to the max, basically taking everyone down with him. Pretty much as you say. Pretty irresponsible. Crazy because with just a tiny hedge at some point along the way he could have been doing extremely well.
While I've gotten screwed all over in crypto, one place I didn't is with Dean. I got in early when things were good, left around the beginning of his first ICO
So there is no announcement about this in the censored betking official thread in the forum but scammer Dean Nolan is up to his old tricks again.
Thanks to a post from another users it seems scammer Dean Nolan has a new get-rich-quick scheme involving new tokens being issued on EOS to revive betking when it is on its last legs.
He claims the $6.5 million he raised in the 2017 ICO was not enough even though he promised to use 50% of the total amount raised for the bankroll. It was later proven he never used anywhere near that amount for the bankroll and another user suggested that betking is basically insolvent. Now the scammer Dean Nolan is trying new ways to line his own pockets again and again and it all goes back to the easiest way at his disposal and that is an ICO.
He is a pathetic scammer that took many people for a ride and robbed them, anything associated with Dean Nolan should be avoided otherwise you risk losing whatever you handed over to this pathetic scammer called Dean Nolan.
Thanks to a post from another users it seems scammer Dean Nolan has a new get-rich-quick scheme involving new tokens being issued on EOS to revive betking when it is on its last legs.
He claims the $6.5 million he raised in the 2017 ICO was not enough even though he promised to use 50% of the total amount raised for the bankroll. It was later proven he never used anywhere near that amount for the bankroll and another user suggested that betking is basically insolvent. Now the scammer Dean Nolan is trying new ways to line his own pockets again and again and it all goes back to the easiest way at his disposal and that is an ICO.
He is a pathetic scammer that took many people for a ride and robbed them, anything associated with Dean Nolan should be avoided otherwise you risk losing whatever you handed over to this pathetic scammer called Dean Nolan.
First off, investors have had 600 Bitcoin returned to them, from the initial ICO funds.
I own 85% of all tokens now. There are likely 5% held by bounty participants who will never log in to BetKing ever again, but if they do their tokens are there
Bounty participants received only 1% of all tokens, not 5%.I own 85% of all tokens now. There are likely 5% held by bounty participants who will never log in to BetKing ever again, but if they do their tokens are there
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.
Please tell me how I can sell them at the advertised dollar value.
Have you contacted scammer Dean Nolan directly to ask him why buy-backs were altered in the first place especially after he heavily promoted it as a selling point during the 2017 scam betking ICO?
lol how did you get to this conclusion, this really shows how stupid you are. I don't even care, just hate trolls that's why i was posting.
The scammer fool Dean Nolan just posted here using his "besece" sock-puppet account stating he does not care but hates "trolls" and then of all the threads in this forum he miraculously finds himself in an anti-betking thread where he felt compelled to post.
I also believe besece is Dean. He used a similar argument with me that every previous leaderboard has forbidden multi-accounting as well as that pokerstars doesnt reveal how or who abused something to justify his action. Then he told "I don't even know the reason it was cancelled". To me leaving multi-accounting out of the question (which was also not clearly forbidden) leaves very few ways users could actually have cheated.
Yes indeed, "besece" is a sock-puppet account that scammer Dean Nolan uses.
"besece" is now on permanent IGNORE but I will still read the lies that scammer Dean Nolan spouts as it might help will I pass his details on to the UK police when I ask them to investigate this thieving scammer Dean Nolan.
https://betking.io/provably-fair
How ironic and hypocritical is that:
"The worse fear a player has playing at an online casino is being cheated by the site they are playing at.
In the Bitcoin gambling community a standard solution has been developed to allow players to verify the results of their bets to prove that the house did not alter them in their favor"
So what does the hypocrite scammer Dean Nolan do next? He refuses to pay out over 20 BTC that was won by legitimate winners of the 2018 Christmas wager contest. Pathetic scammer
Thankfully since his latest scam a few days ago the information against him has been flooding in. The UK police will be chatting to scammer Dean Nolan soon after the evidence is presented to them.
Bounty participants received only 1% of all tokens, not 5%.
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.
Please tell me how I can sell them at the advertised dollar value.
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.
Please tell me how I can sell them at the advertised dollar value.
I strongly suspect Dean is actually insolvent. The supposed reason he wanted me to buy a large quantity of BKB him, was so that he could increase his long exposure to btc price, and that was just before the price crashed even more. When ever I asked him about using any sort of escrow structures or proving his funds, he would come up with bizarre (and sometimes contradictory) excuses.
Fast forward a few days, and he was willing to trash his reputation to screw Dan on a 2 BTC license fee (even after having raised millions of dollars for supposed costs). Tries to raise more money with a half-baked ICO. Then he goes on to screw investors with the buy-back cancelation, and now players with the prize cancellation.
This is the most plausible theory I've read.
Just less than 16 months ago the scammer Dean Nolan raised over 1000 BTC, over 4600 ETH and over 850 LTC. That was over $6.5 million at the time. The scammer Dean Nolan raised:
over $4.8 million in BTC
over $1.6 million in ETH
over $66,000 in LTC
He would have to be an even bigger scammer, be an even bigger failure and be even more pathetic than I could have even imagined if he is now insolvent.
This is what the scammer wrote about using funds:
"After the crowdsale at least 50% of the funds raised will be used for the house bankroll that players bet against and winnings are paid from. The remaining funds will be used for marketing, promos, seo, design, development, server costs and legal."
The former is an out and out lie because 50% of the ICO funds (which amounted to 500 BTC and 2250 ETH and 425 LTC) did not go towards bankroll. The latter is highly ambiguous because the individual costs were not estimated however it was deliberately worded that way because the scammer Dean Nolan wanted any excuse to divert funds to his own back pocket under the guise of "marketing, promos, seo, design, development, server costs and legal." There was no development, no work done on the website, nothing apart from adding and removing plugged-in affiliate software from sportsbook and livetable.
This scammer tried to sell his failing betking website on several occasions before closing down, having the ICO and re-opening with the same identical website because that was the only way he could get-rich-quick.
Does anybody know why the Crypto Gambling Foundation logo and accreditation no longer appears in the betking scam website?
Bounty participants received only 1% of all tokens, not 5%.
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.
Please tell me how I can sell them at the advertised dollar value.
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.
Please tell me how I can sell them at the advertised dollar value.
I strongly suspect Dean is actually insolvent. The supposed reason he wanted me to buy a large quantity of BKB him, was so that he could increase his long exposure to btc price, and that was just before the price crashed even more. When ever I asked him about using any sort of escrow structures or proving his funds, he would come up with bizarre (and sometimes contradictory) excuses.
Fast forward a few days, and he was willing to trash his reputation to screw Dan on a 2 BTC license fee (even after having raised millions of dollars for supposed costs). Tries to raise more money with a half-baked ICO. Then he goes on to screw investors with the buy-back cancelation, and now players with the prize cancellation.
This is the most plausible theory I've read.
Bounty participants received only 1% of all tokens, not 5%.
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.
Please tell me how I can sell them at the advertised dollar value.
I guess you can sell them on the on-site exchange, but the best offer is currently: 0.0000008 BTC which is only 3% (?!!) of the supposed face value. It's kind of funny how he can try pretend that investors haven't been screwed. When btc prices were higher than the "buy back price", he was more than happy to make a (personal) profit. And literally the minute things turned against him, he renegs.When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.
Please tell me how I can sell them at the advertised dollar value.
Yeah, not paying out a promotion like this is pretty dishonest. How is anyone supposed to believe any future promotions the site offers when they are simply cancelled like this for no reason.
If the money wasn't there to run a promotion like this, why even do it in the first place? Attempt at free advertising? All it does is hurt the site's credibility.
If the money wasn't there to run a promotion like this, why even do it in the first place? Attempt at free advertising? All it does is hurt the site's credibility.
There is hardly any credibility of the betking website or Dean Nolan remaining.
You ask the question why did the scammer Dean Nolan run this promotion if he could not cover the winnings. Only he could answer that but nobody believes anything that he writes anyway, he is completely dishonest and has been exposed as a serial scammer.
He also proceeded to say I'm not a legit player for only betting during competitions and investing to "further reduce my edge". It's not my fault he made the competition so ridiculously +EV. Honestly that should already have ringed my bells. He also forgot how I bet $10k on a single bet on his dice game a while back when there was no competition.
The irony is that he was here explicitly promoting the competition as currently being +EV. I actually looked at it, and would've participated myself, but then I remembered I would have had to deal with Dean if I won.
Bounty participants received only 1% of all tokens, not 5%.
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.
Please tell me how I can sell them at the advertised dollar value.
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.
Please tell me how I can sell them at the advertised dollar value.
I guess you can sell them on the on-site exchange, but the best offer is currently: 0.0000008 BTC which is only 3% (?!!) of the supposed face value. It's kind of funny how he can try pretend that investors haven't been screwed. When btc prices were higher than the "buy back price", he was more than happy to make a (personal) profit. And literally the minute things turned against him, he renegs.
I actually have chat-logs of him assuring me that he would be being doing the buy backs "even if btc goes to $1" and when I pressed him on how he could possible afford that, he told me has systems in place to sell btc immediately as the price went down, so he could make sure he has funds to pay his investors.
I strongly suspect Dean is actually insolvent. The supposed reason he wanted me to buy a large quantity of BKB him, was so that he could increase his long exposure to btc price, and that was just before the price crashed even more. When ever I asked him about using any sort of escrow structures or proving his funds, he would come up with bizarre (and sometimes contradictory) excuses.
Fast forward a few days, and he was willing to trash his reputation to screw Dan on a 2 BTC license fee (even after having raised millions of dollars for supposed costs). Tries to raise more money with a half-baked ICO. Then he goes on to screw investors with the buy-back cancelation, and now players with the prize cancellation.
He also proceeded to say I'm not a legit player for only betting during competitions and investing to "further reduce my edge". It's not my fault he made the competition so ridiculously +EV. Honestly that should already have ringed my bells. He also forgot how I bet $10k on a single bet on his dice game a while back when there was no competition.
With cheese you catch mices and with greed you catch dumbasses! It must be news that Dean Nolan is a scammer?
If it is too difficult to put "betking scam" into google, please pay the price!
You might expect newbies to search online for scam betting websites but people who have been around for sometime and have used betking in the past gave scammer Dean Nolan the benefit of the doubts. They did not believe he would scam them.
To allude that anybody who got scammed by betking and Dean Nolan somehow are "greedy" or "deserve it" is not an appropriate thing to say. You do a lot of good work trying to expose scammers, please keep up the good work but please do not blame those being scammed for being duped. Thank you.
I'm perfectly aware of the reputation and I took part to see it for myself.
He also proceeded to say I'm not a legit player for only betting during competitions and investing to "further reduce my edge". It's not my fault he made the competition so ridiculously +EV. Honestly that should already have ringed my bells. He also forgot how I bet $10k on a single bet on his dice game a while back when there was no competition.
With cheese you catch mices and with greed you catch dumbasses! It must be news that Dean Nolan is a scammer?
If it is too difficult to put "betking scam" into google, please pay the price!
You might expect newbies to search online for scam betting websites but people who have been around for sometime and have used betking in the past gave scammer Dean Nolan the benefit of the doubts. They did not believe he would scam them.
To allude that anybody who got scammed by betking and Dean Nolan somehow are "greedy" or "deserve it" is not an appropriate thing to say. You do a lot of good work trying to expose scammers, please keep up the good work but please do not blame those being scammed for being duped. Thank you.
Yeah, not paying out a promotion like this is pretty dishonest. How is anyone supposed to believe any future promotions the site offers when they are simply cancelled like this for no reason.
If the money wasn't there to run a promotion like this, why even do it in the first place? Attempt at free advertising? All it does is hurt the site's credibility.
If the money wasn't there to run a promotion like this, why even do it in the first place? Attempt at free advertising? All it does is hurt the site's credibility.
following
Scammer Dean Nolan and his "newbie" friend posting a pro-betking post but make no mention of the more than 20 BTC they scammed out of paying last week in the Christmas wager
Saying "no one lost money" when you canceled a 20 BTC promo and paid out nothing is some next level Trump-like twisted logic right there.
Dean takes things so personally and then lies about having "answered" questions when all he replied with was insults towards other people with no substantive details. The lack of self awareness and pragmatism is embarrassing.
Dean got blessed with the opportunity of a lifetime, being in *perfect* position to take over the dice market when Dooglus abruptly closed Just-Dice and Dean was the only "known/trusted" person out of a small handful of operating investor-style dice sites, allowing him to explode overnight after struggling for years operating a poker site that no one played at (and had horrible buggy software). After winning the lottery, Dean was again blessed by having his site run at 200% EV and being able to ICO for an amount double what the actual EV was, despite traffic dropping considerably in the ~year leading up to the ICO when people started abandoning his website following many bone-headed and borderline scammy decisions (BAC affiliate comes to mind) and repeatedly trying to sell the website to private buyers (no one offered him much).
I'm STILL baffled to this day that his ICO raised as much as it did. I tried vociferously to warn people on here and Reddit they were lighting money on fire. This apparently fell on deaf ears, although I hope it helped as least one person. Bottom line, Dean has operated on the border of being scammy while barely avoiding crossing it for awhile now since the ICO and his business has fallen apart. He was able to extract money from ill-informed investors and scoop up a windfall of ICO profit, but that will likely be the last money grab he will ever be able to make (hopefully people have learned their lesson, but who knows).
Dean is a subpar coder and a horrible businessman who lied to ICO investors - or didn't follow through on many promises made in the ICO, if you don't want to say he's a "liar" - and the recent performance of Betking is indicative of that.
Well during the ICO I was also warning people here (not Reddit) but my voice along with others that warned was drowned out by many of the avatar displaying and bounty seeking users the majority of which posted nothing but propaganda that was until the time the bounty was over, then all the bounty participants that threw abuse at those of us that warned about the scam betking ICO decided to move on to other bounties and projects leaving scammer Dean Nolan to deal with opposing voices alone. It was then scammer Dean Nolan threw his toys out of his pram and spat out his dummy throwing tantrums instead of answering questions.
You might have been baffled about the ICO funds raised but I was not. The scammer was using the "7400 Bitcoin profit in 24 months" and the "6000 BTC bankroll" figures thrown around in an extremely shady manner which suggested customers would be getting shares of thousands of BTC with each payout and each buy-back worth hundreds. He obviously failed to disclose the private conversation you had with him (now displayed on Reddit: https://bitcointalksearch.org/topic/betking-dean-nolan-disastrous-reputation-read-this-reddit-post-4913034) and he also failed to declare that he tried to sell the betking website for a long time but failed so closed the betking website in 2016 and arranged the ICO.
Scammer Dean Nolan also failed to declare the purpose of the ICO was to line his own pockets as it would have got him more than the amount he was hoping to sell the betking website for in the first place. He re-launched the identical website post-ICO with no real work done it. It was a get-rich-quick scheme. What a low-life scammer Dean Nolan is.
Unlike you I would not call scammer Dean Nolan a sub-par coder because he could not differentiate between a line of HTML and PHP. I call a scammer a scammer and a liar a liar - which is exactly what Dean Nolan is.
I did not know the history of how scammer Dean Nolan and his pocketrocketcasino or betking got "big" thanks to Just-Dice closing down, maybe that was 2013/14? Regardless, it is clear scammer Dean Nolan had an opportunity to occupy a vacated space with honesty and integrity but the scammer Dean Nolan decided to be a thief instead.
First off, investors have had 600 Bitcoin returned to them, from the initial ICO funds.
I own 85% of all tokens now. There are likely 5% held by bounty participants who will never log in to BetKing ever again, but if they do their tokens are there
Bounty participants received only 1% of all tokens, not 5%.I own 85% of all tokens now. There are likely 5% held by bounty participants who will never log in to BetKing ever again, but if they do their tokens are there
When I log in, my tokens are there indeed. But what good does that do me without buy backs?
I hold about $700 worth of tokens. I didn't sell them earlier as it was supposed to be a hedge against Bitcoin price drops, given their stable dollar value.
Please tell me how I can sell them at the advertised dollar value.
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