Topic: Scam alert! Betcoinrakeback.com stole players money (Read 4079 times)

If my response to your statement if off-topic, then your statement was off-topic, simple!


Dark Days October 2016:

Everyone can see that you failed because you did not hold anyone liable and you did not prevent anything. Customers were fully cheaten in this rakeback scandal!


How are thoughts and blatant lies of others related to my reputation and abilities? Game Protect is successful despite all the brain wash stories!

As you like to refer to 2+2, I have to admit that the brain washers there are unlike better than you!

Hey look, cmoltisanti and I agree on something.

Who would have thought...

1.  You're posting off topic.  Why?  If you have an issue with me, PM me or start a new thread or something.  Also, you are replying to something from a month ago.  Really, you're only proving my point.

2.  How am I "failed" at anything?  What "promises" have I made that have gone unfulfilled?  Aren't YOU the one who is taking people's money to sue sites and then not doing anything?  

3.  How am I a "hero of empty promises"?  You are saying random dumb shit to sig spam.  Sad.  For fun, let's take a look at your trust page to see what people think of your business:







That's a lot of red!

So again, pretty please with sugar on top, stop tarding up threads with your barely literate attacks and scam attempts.  Leave those to your own fail threads on here and 2p2.  

At this point everyone knows that you are a failed clown with empty promises and now you have to attack others in an attempt to cover up your failure!

Neither did you prevent people from losing money nor did you hold betcoin.ag liable! But nice brain wash story...

You are doubtless the biggest hero of empty promises and even too stupid (or incompetent?) to understand that legal action in regards to online gaming is time consuming and costly!

After poking and prodding them about it, they FINALLY started paying people back

...but only if those people first paid Betcoin money.

Doesn't seem like it should work that way.  I asked them why, and they deleted my post.

Strange.




So to update the timeline here:

On 5/30 they said they would start paying people back "in 24-48 hours". 

On 6/5 they still hadn't paid anyone, nor had they updated anyone.  I asked them for an update.

On 6/6 they said they said they started paying people back...but only if those people paid Betcoin money first



It's starting to look like Betcoin is not going to do the right thing and Xiao has gotten away scot free with tons of player's coins.  And, of course, so has Betcoin, considering now all of the rake from the over 600 players he brought them goes directly to them.

It's been a week since that post.  Nobody has gotten paid yet.

Why the stalling?  Why no communication?

According to the official thread, some players are reporting not being paid and others are reporting being paid less than they are owed.

https://www.betcoin.ag/xiao-rakeback-update-thread

It's now been 48 hours since they posted this.  Has anyone gotten paid yet?

ya xiao is piece of garbage no reply for a month.

It wouldn't surprise me if they cut a deal with Xiao that if he pays back what he stole, he can keep his account/affiliates (even if he's no longer giving them RB). They might be stalling because Xiao hasn't been able to come up with the coin yet. I did notice that they changed their story from "people will be paid out as Xiao's account accrues affiliate money" to "we're going to deposit the funds into your accounts." I can't imagine they would have changed it to the latter unless the money wasn't coming out of their own pockets.

Despite telling the players that they will have the stolen money paid back by last Friday, today Betcoin posted the following message buried deep in a month old thread:



Why does it take two days to process the payments if all of the calculations are completed?  You just have to press a button!  The process is already "formalized" and "organized".  Why the extensive delay? 

Seems like more stalling to me.  I wonder why they would be stalling for so long...

g-p tards up EVERY thread with his horrible English to spam his shitty afiiliate portal.  At this point, everyone knows what a joke he is.

BUT BACK ON TOPIC:

While Xiao, Jessica White, and the rest of the Betcoin staff are enjoying their Memorial Day (remember: they are all American) over 600 people are out the money that was stolen from them.  Xiao has his account unlocked and has been seen gambling in the casino section of Betcoin again.  Any hope for the players to get their money back is slowly disappearing.  Just another 600+ victims left in the wake of Betcoin's scams. 

Yes, to claim I post my referal links here is a blatant lie! After your further comments, I at least understand now your agenda.

It is also a blatant lie to claim "Because Scam Accusations is what's going to pop up when you Google Bit-Exo or game-protect.", while this is not the case and you googled: is bit-exo a scam

Your opinion about Game Protect is off topic. In addition, I do not advertise betcoin and therefore your statement that you will not play at Game Protect advertised sites is off topic as well.

And every time you follow up with disingenuous off-topic comments accusing other people of "blatant lies" when a quick fact check shows otherwise, you are making both your site and their site look like even bigger scams. I sure as hell would never play anywhere advertised by your so-called "Online Gaming Consumer Protection Service" given that you have an obvious financial interest in the sites you shill, and I hope no one else would fall for that bullshit either.

My agenda is to call out scams when I see them.

Your trust rating is well deserved.

Better don't repost it...

No, it's 100% off topic, as this thread is about betcoinrakeback and their theft, nothing else.
If you want to open a gambling discussion topic called "where can victims of betcoinrakeback play at in the future", go ahead.
Don't do this here, though.

So, if I click through the link you're providing in your posts, what is this?

Is that not your referral link?

Regarding Google:


So, if you want Scam alert! to pop up every time someone punches your affiliate site into Google by shilling it in threads like this one, keep it up. Better yet, GTFO.

Edited to break the referral links.

Whoever Xiao maxed out his credit line with probably needs a new pair of underwear right about now. Maybe Betcoin can hook him up with some merch.

Actually, it's not even about gambling with other people's money.  I highly doubt that he genuinely did that - it's much more likely that he just stole everyone's money and then tried to reduce the amount of investigation and hatred coming his way by making a pathetic excuse.

Obviously it would be evil of him to bet with other people's money, but this is the kind of language scammers like to use to disguise their tactics.

Got to love seeing such blatant fraud play out in the forums. There was a lot of "I, me, myself" in the apology post from Xiao - like somehow they are the victim of this nasty disease called gambling. No. You can gamble as much as you like with your own money, when you start using other peoples money it is called theft and any sympathy goes out the window. Lying on top of that to cover your tracks and admitting it later to relieve your guilt is no better. Then again, Betcoin has plenty of it's own scam accusations so should be avoided by all players.

Do you really want to be hawking your referral links in a Scam Accusations thread? Because Scam Accusations is what's going to pop up when you Google Bit-Exo or game-protect. If you don't have anything to add to the topic at hand, find a different conversation. [/rant]

Back on topic, I went through and read Betcoin's reasoning for not paying players directly and requiring them to generate rake equivalent to the amount that was stolen to get it back. It's basically "We have a long and distinguished history of screwing our customers (c.f. Gambit), so it's only fair that we screw you all equally." Does that mean the next time one of their slot providers decides they don't want to pay out a jackpot, it's only fair to screw that guy over, too?

Also, this is twice as bad because when Xiao degenned off everyone's rakeback, it just went straight into Betcoin's coffers as rake and gambling losses. So, they are the direct beneficiaries of all the stolen money. It's not so much that Xiao didn't intend to scam (he did that repeatedly by his own admission), he just didn't intend to lose. No wonder they're treating him with kid gloves and saying they're not sure if they're going to perma-ban him because he's done so much good for the site in the past, etc.

When art was repatriated after WWII after being stolen by the Nazis, nobody gave the current owners or museums a dime or asked the original owners to buy back the art at market value. Why? Because it would have been wildly unethical to demand payment to return stolen goods. I don't see how this is any different. The stolen money is in Betcoin's wallet. It's obscene to have a playthrough requirement to get your stolen money back, and unethical for them to keep it in the meantime.