Topic: Stake.com does not pay out $40k+ money. Scam (Read 1901 times)

Okay, it's been over 2 months since the last post in this post. Scam Site Stake did not return anything, what happened in these 2 months: In 1, I received the only response from the regulatory body from Curacao with the following content:

Dear Sir,
Following your below e-mail, Stake hereby presents its formal response.
We have performed an assessment on the account “Palamar12345”, and we have verified that the user is depositing from different crypto addresses and is only withdrawing to one (1) specific address that is not the one he deposits from.
It happens that the crypto address the player is using to withdraw is the same address used by other 11 accounts that do exactly the same, deposit from different addresses and withdraw everything to the same address.
Best regards,
Antillephone N.V.
License & Complaints 8048/JAZ

To which I replied the following:

Hello, thank you for noticing my problem, I want to report the following:
When depositing and withdrawing funds, I used the services of a private exchanger, since I do not have my own crypto wallet address. There are no instructions in the Stake.com rules from which address funds should be deposited into your gaming account. Whether other players used the services of this exchanger is not known to me, and it should not be known, this is their business and this has nothing to do with my account and my problem. I also bring to your attention that this site took deposits from me for 100 thousand dollars in equal parts over several days, and also calmly withdrew them (there were about 80 thousand withdrawals) Why didn't they warn me earlier that I was making deposits from an address that was not allowed to make deposits? As soon as my account went positive, the withdrawal was immediately blocked and they stopped letting me play games on the site. They begin to accuse me of having a multi-account, and not fair in their opinion the game. According to their rep at bitcointalk.org, I used to bet early matches at Roland Garros games. I see no reason why I should not be allowed to do this on a gambling site that accepts sports betting. I also do not understand the legality of holding my funds. The withdrawal clause of their rules reads as follows: Account Holders who wish to recover funds held in a closed, locked or excluded account, are advised to contact Customer Support.
All transactions shall be checked in order to prevent money laundering. If a player becomes aware of any suspicious activity relating to any of the Games of the Website, s/he must report this to Stake immediately. Stake may suspend, block or close a Stake Account and withhold funds if requested to do so in accordance with the Prevention of Money Laundering Act or on any other legal basis requested by any state authority.

According to this clause, they do not have the right to refuse to withdraw my funds to me (even taking into account the fact that I did not return my deposit). No court found my actions unlawful and did not issue an act of withholding funds. If they say that the reason for withholding my funds is that deposits and withdrawals came from the same address, this is not a legitimate reason for not paying the client his money. Why did they ask for my documents and confirm the 2nd level of my verification, thereby giving the green light to play in their casino? I described my problem in detail in a post on the forum link to it https://bitcointalksearch.org/topic/stakecom-does-not-pay-out-40k-money-scam-5400984

I hope that you will take into account all the factors of this case and will be neutral. Sincerely.

These two letters were received and sent on June 8th. Since then, I haven't received any more replies. All this time I wrote to them in support in the chat on their website and I always received and still receive the same answer: write to us by mail, we will answer you soon. But there is no more answer by mail, a complete ignore. Also, I can't get their official denial in the mail, they just don't want to write it. They simply chose the tactic of ignoring.

Let's see what this site did in the end: The question is not whether I was engaged in multi-accounting. (for which, according to Stunna, they do not ban players, much less take money). Or I made deposits from those wallets from which deposits were already made to other accounts (there are no instructions in the Stake rules from which wallets the player is required to make deposits, I can use any) And it’s not even about my banned amount in money. I just want answers to specific questions, namely:

1. Their response to the Licensing Company (which also does not want to understand anything) states that I replenished 11 accounts from 1 wallet. Why didn't you reveal this fact, for example, on 2 or 3 accounts and banned them earlier?

2. Why, when my account was making deposits and was in the red for 80 thousand dollars, you allowed to make deposits? After all, I replenished from the same wallet.

3. Why did you arrange a document check for me if you still didn’t want to pay?

4. Please familiarize yourself with the rule of yours, in which exactly 2 cases do you have the right to withhold the client's money? They are posted on your website.

5. You don't pay money to all the people who want to value bet on your site?

For previous commenters: Value betting is not betting ahead of time. These are regular bets that are placed on the top events with a mathematical advantage in front of the bookmaker. Bets are placed before the match, and not in live mode. The bookmaker gives a line - you bet. No cheating. And the line at this site leaves much to be desired.

P.S. for people who want to beat these scammers, US Open starts on the 29th, write in private.

Have not read the full thread but yes stake are starting to scam and the reason looks like the promotions costed them too much money and Edward purchased a mansion worth $38m so of course they have to now scam the players to cover it

https://www.dailymail.co.uk/news/article-10601099/Melbourne-26-year-old-buys-38m-mansion.html

SCAMMING AND SPENDING OUR MONEY FOR HIMSELF, SHAE ON YOU EDWARD!

I could be wrong, but I'm pretty sure that's the lawyer that was working with Game-Protect, in which case it will most likely be a nightmare dealing with him and he should not be trusted with any of your personal information.  He will waste tons of your time, hit you up for money over and over, and when you figure out he's full of it he will threaten to dox you if you speak out against him on the forum.

40k is a lot of money. If you really believe you have a case, you can contact this lawyer below:

https://lms-advocaten.com/en/lms-curacao-gaming-lawyers/

He is based in Curacao and was successful in other cases against curacao bookmakers:

https://www.sportsbookreview.com/forum/sportsbooks-industry/3614587-1bet-com-scam-account-closed-all-money-confiscated.html

Point is simple its a correction tobyour quotes . There is notbing as fast or slow feedin Majorbeventd that broadcasted worldwide  .uts just not smart to even a staff for a biokie bring such a thibg and you keep quoting  . Its wrong 

Yes, I've heard of the term.  It just means a bet that has value and isn't an indicator of whether or not it's against the rules.  Some value bets are perfectly fine, some violate terms.

And yes, it appears OP tried to bypass the limits by using many accounts to make the same value bets.

What's your point?

@twitchyseal have you heard about the term "Value Bets "
You shoukd google it and it's not illegal. That's what the OP were using .
there is third party softwares that provide this services
If im correct the only thibg the OP is wrojg about is trying to by pass the limits of the bookie.

Okay, it's been over 2 months since the last post in this post. Scam Site Stake did not return anything, what happened in these 2 months: In 1, I received the only response from the regulatory body from Curacao with the following content:

Dear Sir,
Following your below e-mail, Stake hereby presents its formal response.
We have performed an assessment on the account “Palamar12345”, and we have verified that the user is depositing from different crypto addresses and is only withdrawing to one (1) specific address that is not the one he deposits from.
It happens that the crypto address the player is using to withdraw is the same address used by other 11 accounts that do exactly the same, deposit from different addresses and withdraw everything to the same address.
Best regards,
Antillephone N.V.
License & Complaints 8048/JAZ

To which I replied the following:

Hello, thank you for noticing my problem, I want to report the following:
When depositing and withdrawing funds, I used the services of a private exchanger, since I do not have my own crypto wallet address. There are no instructions in the Stake.com rules from which address funds should be deposited into your gaming account. Whether other players used the services of this exchanger is not known to me, and it should not be known, this is their business and this has nothing to do with my account and my problem. I also bring to your attention that this site took deposits from me for 100 thousand dollars in equal parts over several days, and also calmly withdrew them (there were about 80 thousand withdrawals) Why didn't they warn me earlier that I was making deposits from an address that was not allowed to make deposits? As soon as my account went positive, the withdrawal was immediately blocked and they stopped letting me play games on the site. They begin to accuse me of having a multi-account, and not fair in their opinion the game. According to their rep at bitcointalk.org, I used to bet early matches at Roland Garros games. I see no reason why I should not be allowed to do this on a gambling site that accepts sports betting. I also do not understand the legality of holding my funds. The withdrawal clause of their rules reads as follows: Account Holders who wish to recover funds held in a closed, locked or excluded account, are advised to contact Customer Support.
All transactions shall be checked in order to prevent money laundering. If a player becomes aware of any suspicious activity relating to any of the Games of the Website, s/he must report this to Stake immediately. Stake may suspend, block or close a Stake Account and withhold funds if requested to do so in accordance with the Prevention of Money Laundering Act or on any other legal basis requested by any state authority.

According to this clause, they do not have the right to refuse to withdraw my funds to me (even taking into account the fact that I did not return my deposit). No court found my actions unlawful and did not issue an act of withholding funds. If they say that the reason for withholding my funds is that deposits and withdrawals came from the same address, this is not a legitimate reason for not paying the client his money. Why did they ask for my documents and confirm the 2nd level of my verification, thereby giving the green light to play in their casino? I described my problem in detail in a post on the forum link to it https://bitcointalksearch.org/topic/stakecom-does-not-pay-out-40k-money-scam-5400984

I hope that you will take into account all the factors of this case and will be neutral. Sincerely.

These two letters were received and sent on June 8th. Since then, I haven't received any more replies. All this time I wrote to them in support in the chat on their website and I always received and still receive the same answer: write to us by mail, we will answer you soon. But there is no more answer by mail, a complete ignore. Also, I can't get their official denial in the mail, they just don't want to write it. They simply chose the tactic of ignoring.

Let's see what this site did in the end: The question is not whether I was engaged in multi-accounting. (for which, according to Stunna, they do not ban players, much less take money). Or I made deposits from those wallets from which deposits were already made to other accounts (there are no instructions in the Stake rules from which wallets the player is required to make deposits, I can use any) And it’s not even about my banned amount in money. I just want answers to specific questions, namely:

1. Their response to the Licensing Company (which also does not want to understand anything) states that I replenished 11 accounts from 1 wallet. Why didn't you reveal this fact, for example, on 2 or 3 accounts and banned them earlier?

2. Why, when my account was making deposits and was in the red for 80 thousand dollars, you allowed to make deposits? After all, I replenished from the same wallet.

3. Why did you arrange a document check for me if you still didn’t want to pay?

4. Please familiarize yourself with the rule of yours, in which exactly 2 cases do you have the right to withhold the client's money? They are posted on your website.

5. You don't pay money to all the people who want to value bet on your site?

For previous commenters: Value betting is not betting ahead of time. These are regular bets that are placed on the top events with a mathematical advantage in front of the bookmaker. Bets are placed before the match, and not in live mode. The bookmaker gives a line - you bet. No cheating. And the line at this site leaves much to be desired.

P.S. for people who want to beat these scammers, US Open starts on the 29th, write in private.

So you were found withdrawing money from 11 or 12 Stake accounts into the same address. That most certainly means that all those accounts belong to you. You justify this by saying that the address used belongs to an exchange, that you are not connected to the other accounts, and that it's possible that all those other players withdraw crypto to the exact same address on the exchange. That's highly unlikely.

Yeah, even after Nov 2021, simply having multiple accounts wouldn't justify taking player funds. It's just weird how op is attempting to defend themselves - they aren't actually denying any of the actual accusations.  If anything they're only adding credit to Stunnas claims.

If he is registereg before nov 2021, he can have as many if he wants no matter the change of their TOS based on the law of curacao. Not saying this is the case, but just letting people know.

Primarily having access to a faster feed on the french open and cashing out at points of value right before an odd swing was a great strategy for you . When placing that same bet across 15+ accounts you were able to make these "value bets" very profitable as it was a positive expected value initiative for you, you even offered to sell these bets given how confident you were in them. We have a right to refuse action from players like you which we did, you were able to get your money out on your initial accounts. Then you continued to buy and make accounts and we continued to limit but you kept buying or farming more accounts. On just Palamar (OP's account) you earned profit of $53k using "value bets".  If we did not take such strong action you would be continuing to buy accounts with high limits to try and keep betting against us.

P.S. for people who want to beat these scammers, US Open starts on the 29th, write in private.

How many Stake accounts do you have?

1. Their response to the Licensing Company (which also does not want to understand anything) states that I replenished 11 accounts from 1 wallet. Why didn't you reveal this fact, for example, on 2 or 3 accounts and banned them earlier?

2. Why, when my account was making deposits and was in the red for 80 thousand dollars, you allowed to make deposits? After all, I replenished from the same wallet.