Topic: [FLAGGED] [scam] BetKing.io broke ICO promise and dropped token value 99% - page 3. (Read 4016 times)

That is interesting..... When I asked for information that I could compile in my case file to build up a case against serial scammer Dean Nolan to hand to the police authorities in the UK, I did receive many bits of information in private and only a couple of users posted things openly however I never received any information regarding a group of BKB holders that were contemplating a class action suit. Very interesting.



Again I am inclined to agree with you. Serial scammer Dean Nolan bans people from the TG channel as soon as they start asking the questions he feels uncomfortable with. Others have reported logging in to the trash betking website only to discover their tokens are no longer there and that was after they were either critical of him or asking questions he did not like.

It does not surprise me that those still holding tokens from the ICO or other large investors are not keen to rock the boat because they are already sitting on significant losses if they were to cash-in their tokens right now or if betking collapsed thanks to a legal case.

There were many close calls that showed the writing was on the wall for betking but as soon as this pathetic imbecile serial scammer Dean Nolan used the bankroll funds, around 600 BTC to buy-back BKB tokens the site was going to die. He used the bankroll funds for buy-backs and that was in breach of his ICO promises but he had to do it to sell many of the 30 million BKB tokens he stole from investors because he wanted to pocket the cash.

Serial scammer Dean Nolan made a minimum of $2,785,800 from the whole $6.5 million the 2017 ICO funds brought in. (The 30 million BKB tokens that he stole X the buy-back rate of $0.09286 = $2,785,800)

After all, he had already stolen much of the other almost 600 BTC which were to be used for "marketing, promotions, SEO, design, development, server costs and legal" and when somebody is greedy and gets away with it once, they get greedy again.

Serial scammer Dean Nolan deserves to face a court of law in his native Scotland, UK to decide if he is criminal as far as legality is concerned. As far as the ethical and moral side of things are concerned, he is an utter and total disgrace.

AFAIK there was an investor group of fairly-large holders of BKB. They were planning a class action suit but I'm not sure where that went.

Disgruntled investors don't want to scare away the user that holds their funds. Given Dean's response to dissent, I'm surprised he held out as long as he did.

Well he was the biggest critic of serial scammer Dean Nolan and mentioned the 30,000 he invested in the ICO. I still do not know whether it was 30k USD$ or 30k GBP or 30k EUR. That would make a lot of difference to understanding the full losses this BillyBurns suffered. Somewhere along the line he decided to join serial scammer Dean Nolan as a personal helper by becoming an 'admin' on the now defunct chatbox on the betking website. It is difficult to clarify whether he was at that time in paid employment by betking or not and it is also difficult to define what role he currently plays in betking.

Yes they seem hide from this forum when they want and show up when they want. On many occasions when serial scammer Dean Nolan wanted to attack a user, his side-kicks (and known alt-accounts) tag along too. Then all of a sudden they leave. On the betking TG channel they regularly bash Bitcointalk forum constantly come back here.

One of the arguments serial scammer Dean Nolan used as an attempt to silence critics was that no investors or token holders were coming forward to complain, it was a lie of course as they did. However, the same counter-argument can be made here.... why is no token holder or investor coming out and fighting the flags against serial scammer Dean Nolan?

Why is serial scammer Dean Nolan not fighting the flags listed against him?

Not so sure that he believes it at all. I find it very unlikely. They seem to retreat when they run out of options and come back to attack arbitrarily.

Anyone who truly disagrees and thinks that BetKing is not untrustworthy should oppose the flag.

He already suffers from Stockholm syndrome. The way he posts here defending the very same serial scammer that stole his ICO investment as well as other millions from the betking investors and winners alike, shows he is not thinking rationally. Serial scammer Dean Nolan has sold a sob story and he believes it.

There can be no real defence of serial scammer Dean Nolan, there might just be one or two who participate in an act or charade. It will be interesting to see who (if anybody) decides to defend betking and its serial scammer owner Dean Nolan against the accusations that Loyce has so fantastically listed in the flags.

I want BillyBurns to put his money where his mouth is and start opposing the flags. Currently, none of the accounts' flags have any opposition.

I wonder why.

It is highly unlikely serial scammer will ever reimburse you for the loss you suffered directly because of his lack of business competence and when he took his eye off the business while he was scamming investors out of 30 million of the 100 million BKB tokens

The imbecile who claimed to give 1 BTC a day to "good causes" for 25 days between 1st Dec 2017 to 25th Dec 2017 is the same one who stole the Crash software without paying the licence fee to the code owners and continues to use it even today on his trash betking website, therefore it shows the level of low-life and skulduggery involved when dealing with serial scammer Dean Nolan.

He will definitely not make up the shortfall for anybody. He did however reward himself with a minimum 10% ownership of betking when he created 10 billion EOS tokens and kept 1 billion for himself. After burning 5 billion he owns a minimum of 20% of betking now.

Why did he not create 11 billion tokens and share the extra 1 billion tokens with those that suffered losses?

Or why did he not burn just 4 billion of those tokens and distribute the other 1 billion to those that suffered loses?

He managed to only create or steal tokens for himself to ensure he made millions of US$ out of the betking scam and did not care about anybody else.

Correct. I got out of this debacle. BKB tokens would expire soon if I wouldn't swap them, so I swapped and sold them.
When I opened this topic, my BKB tokens would have been worth close to 0.2 BTC based on the ICO promises. I got about 0.0045 BTC for them.

The nice but also tricky thing about Flags (unlike trust) is that I promised this:
If BetKing were to things right with me, I have to withdraw my support for the Flag.

I don't like how when you realize you've thrown away your last out, you decide to just call bullshit on the whole situation and try to dismiss everything as lies and corruption.

Blanket statements may make a situation easier to approach, but that's only because you're covering up the parts you don't want to deal with.

That chiching part made me laugh out 

It is so blatantly obvious a few investors from the time of the ICO are blindly following serial scammer Dean Nolan like they believe everything he says.

The only person to have made phenomenal amounts of money from the whole disaster is serial scammer Dean Nolan and he literally made it our of thin air when people invested in the 2017 ICO after reading sensationally misleading headlines about alleged previous profits "most trusted casino"....

@marlboroza I think Loyce sold his BKB or swapped them for BKT before selling them. I am sure he can confirm but he made a fraction of what he should have had before serial scammer Dean Nolan decided to destroy betking post-ICO

^^^


ICO promises failed.
Wagering contest failed.
Buying bustabit script failed.
Screwing token holders - chiching!

@LoyceV, because Dean broke ICO deal, you will have to wait some time for token to reach 4.4X and then, when you sell it, you will break even. Dean will tell you when that will happen.

 

I decided to reply to this post after seeing the recent flurry of activity involving respectable community members and this side-kick of serial scammer Dean Nolan.

Serial scammer Dean Nolan stole a minimum of 30 million of the 100 million original BKB tokens, then wanted to cash them in but the site was not making any profit so he decided to use the bankroll funds to "buy-back" tokens and in the process sold the tokens he stole in order to make himself rich which at the guaranteed buy-back rates was $2,785,000

After that, the fact the site had near zero bankroll meant that the site was going to die, therefore he tried to sell it (again) and failed. Then at the end of 2018 serial scammer Dean Nolan tried to kill betking completely and launch "bitsafe" but he unsurprisingly could not raise the $10 million he wanted so he basically went back to betking and "saved" it when created 10 billion EOS BKT tokens of which a staggering 10% (1 billion) were for him as reward for his past failures.

After that he burned over 5 billion of those 10 billion tokens which means he has at least 20% of the business. The list goes on...

This billyburns side-kick of serial scammer Dean Nolan seems to have cyber equivalent of Stockholm syndrome.

I'm done with you guys, your forum is corrupt! You all lie! You All make assumptions that fit your narrative that your riding! You ain't hurting Dean at all, your just hurting investors in ICO! Dude ain't even trying to make a freaking penny , he wants us to be made hole!

LOL SCAMMED wagering contest? Its like you all ignored that its been stated many freaking times that nobody lost anything but betking investors because everyone was made hole and some people who cashed out before the cheating was caught freerolled the site and we took the loss, the fact people keep repeating this is completely absurd!

I will just drop this on top of that https://bitcointalksearch.org/topic/m.47592095
And there was something about canceling wagering contest and scamming gamblers.

I can only imagine someone winning national lottery and they say - "you have won $100M but we decided that we don't give a fuck about that. Here you go, a dollar. Now buzz off."

You are strawmanning my argument. Do not twist my words to fit into a more easily-collapsible argument because that is a poor way of creating a rebuttal.

The site was absolutely not risk-free. However, the price formula was as follows:
fundsRaised / 70,000,000 + profit / 100,000,000

The original token price was set at $0.09286 / BKB.
Thus our formula is then $0.09286 + profit / 100,000,000

---

The issue is that investors were promised buybacks which were then rescinded. How is that justifiable to you?

mismanaging doesn't = scam

Poker failed
Advertising failed
and Dean came from good place when he bought unhappy people out, your basically arguing that in any  shape or form Betking investors should not have lost anything despite how poorly the site did, so your basically mad because people didn't get a risk free investment. Show me where I can find risk free investment?

And you're okay with the buybacks being canceled.
Despite it being displayed on the ICO page.
Despite there not being any stipulation stating that it could/would be removed.
Despite having the resulting price of BKT be less than 50% of your original buy-in price.
Despite Dean stating that buybacks would continue both on and off-forum.
Despite the price calculation of tokens being a large part of the ICO.

https://bitcointalksearch.org/topic/m.51398125

First off I originally said I was "told" and as I have seen lots of lies have been told about Dean and betking for months, and 2nd of all that was my instant reaction and I was obviously tilted, after I spoke with Dean and found out that more than 50% of original ico investors were made hole, I was able to understand what happened. Literally there is not many of us that are from ICo left, and if you been following price of BKT you would know that the price has risen at a rapid rate, Dean is doing everything he can to make us whole and all I see is you guys spewing lies,breaking forum rules, stating opinions as facts. You think your hurting Dean with this bullshit? Your only hurting Investors Dean doesn't care if he doesn't make a cent going forward his objective has been to make us whole!

Unfortunately, that's the problem. You're not willing to accept the proof and you aren't willing to refute it. So what, stalemate?

Are you willing to at least address your post? Why would you call it a scam and then a few months later start abhorring scam accusations?