Topic: Casino Junket Operator - page 2. (Read 636 times)

There are lots of Ponzi and one of it is the one that you saw. I think its one of the effective because many of us believe that casino is a profitable business. We are forgetting the fact that losing is still possible and the operators can still run away with our money and as well as the bettor's money.

Maybe there are still some who are legit but maybe their return is not big as that 5 percent because they are also paying different expenses and sometimes a player can win huge too. Ponzi schemes needs to be very camouflaged so that they won't be detected easily. They are aware that people are getting knowledgeable about different scam schemes.

There are lots of Ponzi and one of it is the one that you saw. I think its one of the effective because many of us believe that casino is a profitable business. We are forgetting the fact that losing is still possible and the operators can still run away with our money and as well as the bettor's money.

Maybe there are still some who are legit but maybe their return is not big as that 5 percent because they are also paying different expenses and sometimes a player can win huge too. Ponzi schemes needs to be very camouflaged so that they won't be detected easily. They are aware that people are getting knowledgeable about different scam schemes.

I agree, they uses their social media presence as influencers to lure their potential victims. But if you are into investments, there are a lot of red flags from the beginning. They are offering 5% every month? It's obvious a too good to be true offer. And then they started to flaunt their millions in front of the people, so many take it as a success and that they are really genuine.

But since they are well-known, the victims took their face value and trusted this two personalities. However, they suddenly disappear and still up to this day they claim that they are not scammers. They are now hiding out of the country, and it just sad that many lost in this unfortunate scam and people are not going to learn from previous scam investments in the country.

I had not heard about it, though.
Thanks for giving the headsup on this scam accusation. I personally try to go and follow my instinct that 5% per day/month is definitely a scam.

The only cases I have seen myself are Ponzi schemes dressed up as betting platforms, where it is basically impossible to lose money and people get up 5% daily because partaking in false sportbetting in the ficional casino. In the end it is always the same, the money gets seized and the scammers withdraw it all towards their own private wallet. 

I have noticed that these days Ponzi schemes tend to be very camuflajed, so people will think they are actually doing investments, or betting, or buying precious metals from home.

Keep us updated when this scheme collapses.

If thats the case then its clearly it was a scam since from the start. How people do get blinded about having signing up some loan contracts instead of investment contract if it was really that an investment?

It does really shows on stupid those people are and making investments blindly without even trying to dig out on whats the real deal that they are facing on, on which they are really just that too much focused on
getting those returns without even trying to look on what are those potential risks that they could face on.Its always been that a golden rule that everything that turns out too good to be true then its most likely a scam or definitely a scam but still there are really that those stupid people who cant really just resist even it is really that obvious that it is really that clearly something fishy with those.
Getting some huge % on a specific amount of time without doing anything? You should really be thinking up twice already because there's always a catch always in the end and this is something
that you should really be looking into.

You wont really be getting wrecked if you had just made yourself that wise when it comes to decisions and really that making use of your own common sense rather than on making
yourself getting blinded with those offers which are obviously that a scam attempt but people do really likes on losing money first before they would really be learning their
lesson on which this had been always the case.

  This is why one has to be more careful when clicking links online, especially when the links has all this enticing offers, remember not all that glitter is gold. You might think oh yeah this is it, but you failed to put into consideration that money can’t be made easy. You have to go through risk and work to get to the reward. There are lot of Ponzi scheme companies hiding behind the name of betting or casino. We fall to this trap when we fail do our own research. Ignorance is a disease and can cause a lot of damage. There is always a red flag when you see a Ponzi scheme, but we turn on blind eyes cause of the fake promises promised by the said Ponzi system.
  We have seen in some case where investors losses their money and the company gone to extinction, it on rare cases the money can be recovered and this can be done with the help of the higher authorities. Depends on how much was stolen. And even when the funds are recovered, I doubt if you will get the exact amount you paid in the initial, you will rather get a compensation claim. A lot of people have fall victim to this type of scam if you ask they hardly get their money back. In other not  to be an example to this scandal, we ought to do our own research before making any moves of investing. Like wise they are lots of opportunities online they are also some that will break us if not properly followed.

I do not know how many times we are going to see a variation of the same kind of scam, and yet people do not learn and keep falling into it, scammers could literally openly claim to be scammers and people will still give them their money if enough promises about guaranteed profits were made.

People need to learn that anyone that could make 5% per month regardless of their starting capital will become very rich in a short time, so no one can offer those kind of profits while they are also an honest and upright person at the same time.

I’m still confused what’s their main purpose but they are the one who partner with the casino to lure VIP players in the form luxurious offer such as accommodation and travel trips just to make them play in the casino.

I become curious on this subject since there’s a big scam incident on my country that involves casino junket operation as business front in exchange for investment. They are offering 5% income per month to all investors which we all know that is already a ponzi.

I agree, they uses their social media presence as influencers to lure their potential victims. But if you are into investments, there are a lot of red flags from the beginning. They are offering 5% every month? It's obvious a too good to be true offer. And then they started to flaunt their millions in front of the people, so many take it as a success and that they are really genuine.

But since they are well-known, the victims took their face value and trusted this two personalities. However, they suddenly disappear and still up to this day they claim that they are not scammers. They are now hiding out of the country, and it just sad that many lost in this unfortunate scam and people are not going to learn from previous scam investments in the country.

They guaranteed their investors with 10% monthly interest and from there, it's already a sign of being a too good to be true offer. Banks do offer that percentage on an annual basis but these said junkets have been giving this away for their investors. But that's a total lie.

They are giving the guarantee to trust them because they're trusted personalities but they all intended to do is all plan their swindling against these investors that have trusted them their hard earned money. There's also wrong on these investors because they didn't do in depth research before investing into this dubious offer.

This offer was used to scam people, and it happened in the Philippines, with millions of pesos being scammed. The promise of a 5% monthly return is undeniably attractive, and on the surface, it doesn't appear overly suspicious, as even legitimate lending businesses can offer interest rates in the range of 5% to 10% on a monthly basis, which is reasonable. However, what's truly dubious about the scammers who defrauded numerous investors is their tendency to flaunt substantial profits.

These scammers often entice people to entrust their investments, and unfortunately, the victims fail to see it as a red flag. Consequently, they end up losing a significant amount of money. Their lack of knowledge and, perhaps, their greediness have led them into this unfortunate situation.

I’m still confused what’s their main purpose but they are the one who partner with the casino to lure VIP players in the form luxurious offer such as accommodation and travel trips just to make them play in the casino. In return, they will get profit sharing on the total amount spend by their recruits. Casino junket counter part in online casino are those Gambling review sites and other that offers extra rewards such as free spin or other form of rewards which they are paying from their own pocket when player sign up using their referral link.

I become curious on this subject since there’s a big scam incident on my country that involves casino junket operation as business front in exchange for investment. They are offering 5% income per month to all investors which we all know that is already a ponzi.

https://entertainment.inquirer.net/522430/yexel-sebastian-asserts-casino-junket-is-legit-amid-investment-scam-accusations

I’m just thinking if there’s still some casino offers this type of luxurious reward to their players aside from rakebacks.

Yes, this is currently one of the most prominent news stories in the Philippines. This couple managed to amass hundreds of millions of pesos through their scam. They presented the casino junket as a legitimate operation, which, I believe, isn't in question. However, their activities, where they used the casino junket to attract investors despite not fully operating in the same way, raise a lot of red flags.

Here's the catch: when they offered a 5% monthly return, investors didn't seem to mind much about the inner workings of the business once they had invested. All they were concerned about was receiving that 5% interest income on a monthly basis. It's only when that income didn't materialize that they took action and filed a case against the individuals who had attracted them to invest. The big question now is whether the money can be recovered.

Investors often don't truly understand what they are investing in; they are often enticed by the promise of high returns. This isn't new; I've seen numerous scam stories in the Philippines involving significant amounts of money. I believe people need to be educated about these matters. Anything that seems too good to be true should give them pause before making hasty decisions.

I'm not sure what the government is doing to prevent this from happening again because it seems like it occurs regularly. Perhaps their measures aren't truly preventive, which is a problem.

Yes, this is currently one of the most prominent news stories in the Philippines. This couple managed to amass hundreds of millions of pesos through their scam. They presented the casino junket as a legitimate operation, which, I believe, isn't in question. However, their activities, where they used the casino junket to attract investors despite not fully operating in the same way, raise a lot of red flags.

Here's the catch: when they offered a 5% monthly return, investors didn't seem to mind much about the inner workings of the business once they had invested. All they were concerned about was receiving that 5% interest income on a monthly basis. It's only when that income didn't materialize that they took action and filed a case against the individuals who had attracted them to invest. The big question now is whether the money can be recovered.

This offer was used to scam people, and it happened in the Philippines, with millions of pesos being scammed. The promise of a 5% monthly return is undeniably attractive, and on the surface, it doesn't appear overly suspicious, as even legitimate lending businesses can offer interest rates in the range of 5% to 10% on a monthly basis, which is reasonable. However, what's truly dubious about the scammers who defrauded numerous investors is their tendency to flaunt substantial profits. These scammers often entice people to entrust their investments, and unfortunately, the victims fail to see it as a red flag. Consequently, they end up losing a significant amount of money. Their lack of knowledge and, perhaps, their greediness have led them into this unfortunate situation.

So, it is not always some kind of scam.... but just some off-the-book strategy to hook high rollers for the casino.