Topic: BetKing.io is a blatant scam operated by Dean Nolan - page 29. (Read 31310 times)

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!


If you love scammers and love to use their service, why do you complain about your LTC  8.50634013?

That does not make any sense!

In case you did not know BetKing scam | First entry on google 

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.

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?

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.




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.

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?

This is the most plausible theory I've read.

Make that 0.3%.

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.

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.

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.

I'm perfectly aware of the reputation and I took part to see it for myself.

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.

following

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.

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.

Yes you are right, the user "besece" is definitely scammer Dean Nolan. The fool gave his sock-puppet account away.

Many people have been saying for a very long time that this scammer cannot be trusted and that he should not be trusted but that scammer Dean Nolan was making a fool out so many people.

He was a shrewd operator who was having regular chats on skype with other gambling/gaming site operators so he felt protected. As they were "bigger" fish he did not want to mess them about and played the long game pretending to be a trustworthy companion and colleague as a fellow website operator. It was during that time scammer Dean Nolan started playing a game of selective scamming when he started to steal from affiliates.

Slowly as time went by scammer Dean Nolan became more and more bold by expanding his scams. Now his list of scams include:

1) the 2017 ICO investors he scammed
2) the 2013 onwards affiliates he scammed
3) the licenced software owners he scammed
4) the customers he enticed to participate in the 50 BTC Jackpot scam before cancelling without notice and scamming them
5) the customers he enticed to participate in the 2018 Christmas wager before scamming them

I am sorry to read about your valid grievances and complaints against scammer Dean Nolan and his betking website but with all the evidence mounted against this scammer it does make me wonder you even thought about playing on the betking scam website.

Maybe it was the final let-down you needed from scammer Dean Nolan before accepting that you would never use betking again or be involved in his future "bitsafe" scam exchange project. Maybe you gave him the benefit of the many doubts and now there is no need to give any more benefits of any doubt.

Here is a blatant scammer who wants to raise $10 million in an ICO for his next project called "bitsafe". He cannot be trusted with a simple Christmas wager that resulted in him having to pay over 20 BTC to legitimate winners so how can this scammer be trusted with $10 million for an exchange that has already be created by low-cost hourly paid coders from the Philippines and one that is designed to do exactly what he did with the betking ICO and its $6.5 million ICO funds.

The aim of this scammer is to get rich without doing any coding and without doing any work. He cannot code a single line so hires cheap workers. He misused the funds from the betking ICO to line his own pocket because 50% of the ICO funds did not go to the bankroll. The tokens, the set up, the payout, the profit distribution, the whole thing was misused and that scammer Dean Nolan lined his own pockets. As per the ICO promises he was supposed to pay for the creation of new games but all he did was add livetable.io plugins. All the broken promises of the ICO.

Here was a scammer that claimed he gave 1 BTC a day between 1st Dec 2017 and 25th Dec 2017 to good causes and charity but this scammer did not pay the 2 BTC licence fee to use the Crash software owned by Bustabit. Add to that the 20+ BTC he has declined to pay out to legitimate winners in the past week 2018 Christmas wager because he did not expect to pay out that much so he cancelled all bets.

Pathetic scammer Dean Nolan and his betking website. I have compiled a whole list of complaints against this scammer and am doing a little more work on research then will ask the law enforcement officers in his country to investigate. This pathetic scammer should not be allowed to get away with this even if his shambles of a betking website is registered in Costa Rica.