Topic: BetKing.io is a blatant scam operated by Dean Nolan - page 45. (Read 31310 times)

I always thought something was not right about this ICO. At the time it was planned the posts were all about how they trusted Dean and so on but I questioned why he needed an ICO and was shouted down by those blindly following him.

It never made sense to have an ICO because it seemed the site was already completed and this looked a quick get rich scheme by Dean. He claimed to be very rich saying he did not need the money so when I asked why he needed an ICO when he could pay a few thousand at tops to get a coder to make the site he gave reasons that seemed highly suspect including marketing and costs.

Something is not right with Betking, where did all the money go?

Do you think BetKing is a scam because ETTKS assumes that Dean would have just folded if the value of the crypto would have went down?

What are the terms and conditions of the ICO?

Are investors allowed to sell their tokens at any time?

You bring up some valid points.
Maybe he has decided to take his ball and go home (or in this case his investor's money). 

BEWARE OF BETKING.io AND SUPER-SCAMMER DEAN NOLAN!!

So Dean has locked the Betking thread because a few of us were asking questions about his business model and real expenditure of funds related to the ICO. https://bitcointalksearch.org/topic/betkingio-bkb-token-refunds-70k-refunded-so-far-2150057

Before the thread was locked ETTKS wrote https://bitcointalksearch.org/topic/m.42880775:

" You guys are missing the incredibly obvious. At the time of the ICO, the amount of crypto raised is priced in USD and the token is valued in USD. However by Dean's own admission he holds the crypto and never sold for USD. This means if the value of the crypto goes up (like it has) Dean personally gets free money. But if the value of the crypto went down, Dean can just fold betking up or even just say it can't afford to do buy backs. Which is true. So the whole betking ICO was just a way for Dean to expose himself to profit if crypto went up, and expose himself to nothing if it went down. This is why he has no real reason to work on the site, it was never about it. But being blunt, it's completely investors fault for buying into it. The terms were straight forward and obvious. They bought into the ICO mania, and will need to pay for it. "

So where did all the funds go? If the games were cheap $500 games licenced or purchased and implemented in to a bootstrap website why on earth did Dean have an ICO? Why did people buy in to it and is chazley right when he wrote https://bitcointalksearch.org/topic/m.42653726:

" I've heard Cubeia poker software costs ~$500. Could be wrong, even way off. Even if it was $10000 though (it's not) that's a tiny, tiny fraction of what you raised. Go ahead and focus on semantics to distract from my overall point though. And yes, I do keep up with this because I invested time into trying to stop people from investing in this ICO from the beginning because I knew better. The fact the site is basically abandoned and people lost very large sums of money in the process really sucks for those people. You try to justify it by going on about the USD token value when it's just completely absurd and disingenuous. Then again, you've gotta be able to sleep at night after taking all their crypto so I understand it. Sorry to all those who invested out there. "

And before the thread was locked the user iluvbitcoins was within his rights to ask a simple question:

"How is it possible that our total investment was worth 6.5 million and the token was worth 0.09286$
And now it's worth 14 million and the token is worth 0.0967$."

Is Betking a scam? What is Dean Nolan the "brains" behind Betking playing at?

 



UPDATED ON 12th NOV 2018:

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That scammer Dean Nolan from betking has been exposed yet again.

All his other lies and scams were swept under the carpet by positive posts but now it is impossible for the scammer Dean Nolan to save his "reputation" or his trashy betking website.

Dean Nolan and betking have been accused of scamming so many people in the pocketrocketcasino affiliate scam and then continuing his affiliate scam with betking.

This is the same Dean Nolan and betking that ate in to the "profits" of the betking website using 30 million tokens that were dormant, therefore ICO and token investors got much less with their 70 million.

This is the same Dean Nolan and betking that said a new website was going to be paid from the ICO funds but he re-launched the same website he shutdown in 2016.

This is the same Dean Nolan and betking that said new games would be coded and were going to be paid from the ICO funds to be added to the new betking website but all he did was add plugin affiliates from livetables.io
Oh I forgot, he re-added the roulette game that he took down before the ICO and he showed it as a "new" game.

This is same Dean Nolan that claimed he gave away 25 Bitcoin to charities in December 2017 from 1st December to 25th December at 1 BTC a day as a gesture of kindness (and of-course paying for news and press releases advertising and promoting the non-existent endeavour) but never "proved" which charities he allegedly donated to.

The Dean Nolan and betking scam list goes on...





There is more.... this Scam thread was started after a token holder saw his value of tokens drop by over 99% !!!

https://bitcointalksearch.org/topic/flagged-scam-betkingio-broke-ico-promise-and-dropped-token-value-99-5122856