Topic: Stake.com is a scam - I lost my money for ''Money laundering'' (Read 757 times)

They have not finished the match-fixing investigation for 1 year and I am wrong? There's a limit to how much you suck someone's balls

Keep sucking, they might drop you an extra bonus .. but don't forget to beg them via DM else Stunna may not notice .. too many guys sucking their ass



Stake is pathetic for holding my funds without any reason and not being able to verify their claims for 1 year

While I am having to greatly redact what I can share due to an ongoing investigation and not wanting to reveal our internal integrity measures. I will provide some insight into this situation. It is of our firm belief that user is engaged in match fixing and these concerns were echoed by our odds provider who independently warned us of your activity. On this thread you are witnessing some members of this match fixing ring all desperate to get their cut of this money.

OP found some information regarding fixed table tennis matches as he started taking maximum amount of profit from bets there where he never wagered before like that. His own XRP address had a transaction sent to a prior caught match fixer which looks like a payout for the information he got via him.

This link to the above match-fixing ring, in hindsight, likely gave the customer access to funds that subsequently increased staking - 75% of the accounts turnover occurred between Nov 2021 and 12th Jan after being operative since Nov 2019.

The customers Table Tennis activity on 8th Jan was flagged by our  team after the user suspiciously bet on a very precise result as the match went Live. Within 22s the user bet on the match to finish 3-0 for €6.5k at 2.0; 50s later €5.7k at 2.6 on there being exactly 3 games in the match; 26s later, another €700 on Correct Score 3-0 at 2.2; and then 2x more for €1.5k total on exactly 3 games 3mins later; total loss from user on this match was -€17.5k

This most recent example was backing against a player which user then proceeded to back against on two more occasions on the 10th and then 11th of January - another sign of match-fixing with a syndicate in contact with, or ‘having their hooks into’, a player.

During January on Table Tennis the customer had 32 bets, all on a specific Table tennis competition, winning 29 of them at avg odds of 2.23. We laid €266k of Table Tennis bets in this time - an avg of €8.3k per bet Vs an avg. of €423 (1,965% increase) per bet since the accounts 1st bet in Nov 2019. The 3 bets which lost saw us make €5.4k profit, but in total during the month of January on Table Tennis we lost -€229.4k to the user — highly suspicious activity. The players in question are being investigated by the organizers of the table tennis tournament.

This situation was made even worse by OP trying to pass a variety of suspected fake identification documents as his own, all of which were rejected by our integrity team. This resulted in a block of your account. You sent us 4 different ID's all of them with different names, different numbers, and even different nationalities and places of birth.

All the above mentioned facts in conjunction with the ongoing investigation that confirmed your links to a well known match-fixer, support our decision of blocking your account and we will be pursuing the return of any funds.

Your negative reputation says otherwise. Why is it so painful for dishonest people to lose their "profits" for once. Stunna already made explanations about this, and it seems like you are just trying to keep a blind eye to them

You are pathetic.

YES THEY ARE SCAMMERS WHO ENDED UP SPENDING TOO MUCH MONEY ON DRAKE PROMOTIONS AND NOW HAVE TO SCAM SOME PLAYERS TO COVER THE LOSS. SHAME

YES THEY ARE SCAMMERS WHO ENDED UP SPENDING TOO MUCH MONEY ON DRAKE PROMOTIONS AND NOW HAVE TO SCAM SOME PLAYERS TO COVER THE LOSS. SHAME

By "what" I meant "what did op do".

Seems likely that he's mostly full of shit.  I believe his funds are locked, but obviously he's not telling anywhere close to the whole story.  Someone who believes they're innocent doesn't create multiple threads only to share a few vague details.

I tried to find a definition:
Those definitions all have one thing in common: the money has to come from an illicit source. Simply depositing and withdrawing doesn't mean the source was illicit, and even trying to hide your money flows from blockchain analysis doesn't mean it's money laundering.

If I'd want to launder stolen money through a casino, I'd make one large high risk bet (say x10). If I win, I can prove that 90% of my money came from being very lucky at a casino! If I lose, I move on to the next casino.
So anyone betting $100k in one bet and winning $1M could very well be laundering money! Anyone losing $100k and abandoning their account could very well have attempted to launder the money! But someone who deposits and withdraws a couple hundred bucks doesn't mean he's he's laundering the money, and even if he would try that way, it wouldn't do him any good.

I guess casinos don't investigate users who lose $100k and leave

Op should not define money laundering in his own terms, you'll get in trouble in every casino you're playing if you have your own terms or meaning on what constitutes money laundering, they don't put that word there without meaningful classifications on what constitutes money laundering, so if you think a change of mind is not money laundering, the casino states that depositing without wagering constitutes that, if you're not comfortable with these terms then stop gambling.
unfortunately, you did not stop but played and surprisingly win and just move on to other casinos, you're such a joker  .

Depositing money to casinos and later withdraw is a method often used to launder money. What you did is quite similar to what criminals do to remove the trail so I don't really blame Stake for flagging your account. I don't think they need to prove if it was really your intention to launder using their platform or not.

Depositing money to casinos and later withdraw is a method often used to launder money. What you did is quite similar to what criminals do to remove the trail so I don't really blame Stake for flagging your account. I don't think they need to prove if it was really your intention to launder using their platform or not.

What's not money laundering?

Money laundering is the illegal process of making large amounts of money generated by criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source.

Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source.

Money laundering is the processing of these criminal proceeds to disguise their illegal origin.

An abundance of black money leads to the origin of several illegal practices, and money laundering is one such process to disguise the source of such funds.

Money laundering is the practice of making money that was gained through criminal means, such as smuggling weapons, look as if it came from a legitimate business activity.

The intention of money laundering is to make illegally obtained money appear to come from a legitimate source.

Money laundering refers to a financial transaction scheme that aims to conceal the identity, source, and destination of illicitly-obtained money.

the crime of moving money that has been obtained illegally through banks and other businesses to make it seem as if the money has been obtained legally

Is not money laundering people just say bunch of crap to fill their signature campaign goals. Like copy and paste.

.....
Is not money laundering people

Then change the topic title


I don't think that's by definition money laundering. But even if it would be, wagering the money before withdrawing doesn't change it at all!

I don't believe they are scam anyone purposely.

stop gambling.

When this type of transaction happen in between two person who are not living in the same country then technically it's money laundering. In that case casino becomes liable for it.

Casinos log everything, which is the opposite of what you'd expect a mixer to do. Casinos want you to wager because they earn from it.

Finally someone wise here all the other users thning it has somethng to do with money laundering. I don't believe they are scam anyone purposely.
but some small can be tricky can put your money on trouble.
high rollers players can do little mistake and end up losing 100k if they brich some small thing from their TOS.
 I only play with frinction amount of money so I don't care. I also beat them at the end.

Why can't you withdraw when your account is in "withdraw only mode"? That doesn't make sense.

Casinos log everything, which is the opposite of what you'd expect a mixer to do. Casinos want you to wager because they earn from it.

I can think of a few reasons:
-changed your mind
-you did the math and sanity kicked in
-don't want to risk it
-wife complained
-unexpected expenses came up

If that's what you're trying to do, you're on the wrong track instead of helping your case.

You don't even believe your own scam accusation, otherwise you wouldn't have done this:
My advice: stop gambling.

You are laterally using them as a mixer to break connections.

Why would you deposit coins in a casino in the first place if you are not planning to gamble at all?

You don't understand how marketing works and how the brain store information.

I won  new account that I opened today

You sure have selective reading/hearing. Here's what i have said.
"Withdrawing after deposit without wagering is really an offense in most of casino who have AML policy, you should take note on that."

Then you asked.
"Where have you seen in their TOS it's forbidden to make a withdrawal without wagering please?"

Well, no one said it's on their TOS, again it's on their AML policy, please comprehend.

That is what op had experienced if you understand what you read in this thread.

Well, i have to admit that you sure have selective reading. Check these threads^[1][2] before telling me what sections i should frequently read.

[1] Cloudbet - Asked for verification and blocked account
[2] Street Selfie? Why all these crazy requirements in the name of KYC verification?

I'm glad you are admitting having told fake news because you said the exact opposite above "That is why people really need to read the TOS and AML policy of every casino or platform before doing anything."

That's the most ridiculous scammy excuse I would have read, it's not their fault, they are seizing customer funds because the software they use told to do so....

LOL you should read this section less frequently and use honest casinos more often IMO, because only scammy casinos are doing what you are saying. Professional and honest casinos don't do that. They ask KYC before locking funds of their customers if they don't like how they are using their platform. The only exception is when there is a blatant cheat with an obvious damage. Because they have no right to seize any funds without a court order, it would be a theft.

Read it again, no one said it's on their TOS its on their AML policy. And it is not fake news. Only those who doesn't know will say it's a fake news.

Any KYC required and casino with AML monitoring software will do that the same. Since he mentioned that he deposit then just withdraw, then it's obvious a trigger to their software as alternative to mixer, and that's obvious fall on their anti-mixing measures.

Like many casino's doing?
Did casino tell its users that they will require KYC when their user is going to withdraw? No.
Did they tell its users that they will be required to send their selfie holding a newspaper, ID, etc. while on the street for the KYC ahead of time? No.
It's the same as that. Casinos won't tell you that don't do this and that coz you will be banned or something. You will only receive a message when you are banned because you did this and that.

<...>
Obviously he hasn't received any mail from Stake which is not professional at all for this kind of thing and rather shady actually.

Every casino has scam accusations from players that did something shady and think they can use this forum to extort money from them.  If you want to damage Stakes rep for being a scam, you have to back up your claims to convince others to leave them negative feedback.  Just crying scam without being transparent about what happened is just a waste of your time.  If you were using Stake to launder money, you're wasting your time.  I don't think Stake would freeze your funds without a very good reason, and I don't think you're going to tell us the whole truth, but in case I'm wrong:

What does your deposit/withdraw request history look like?  Post screen shots.

How many times did you deposit, and for how much, and how much did you wager?

And why did you deposit your money into a casino and then withdraw it without gambling?

Don't spam fake news in a scam accusation thread please. Where have you seen in their TOS it's forbidden to make a withdrawal without wagering please? Could you quote the exact sentence please?

If it was forbidden he would have just get a message saying he can't withdraw his funds before wagering them, or before a certain period of time, like many casinos are doing.

That is why people really need to read the TOS and AML policy of every casino or platform before doing anything. They will send an email if there is an update regarding the change.

Withdrawing after deposit without wagering is really an offense in most of casino who have AML policy, you should take note on that.

I chat with Nicolas and ask what's up. He said you use stake for money laundering and ban me permanently without the ability to withdraw my funds.

You don't understand how marketing works and how the brain store information. What I did cause them to lose more (I am a marketing expert) I know things.
Many people who view this section subconsciously will be afraid to invest in stake when they see these titles.
Stake could avoid the trouble by not fook with me but look at them now.

There seems to be a misunderstanding between you and the casino. They don't accuse you of "money laundering" because they don't have the legal authority to do so, but they do have the right to enforce the rules that have been set. If you don't want to comply with the rules and conditions, you don't have a right to use the site.


I really don't think it does. Stake.com is one of the most popular crypto gambling sites out there. No one is going to take your juvenile accusations seriously.

claiming someone does money laundering without proof is bad.
Is like saying you are a thief o you are a killer without proof..

is making their brand look bad.

What a load of rubbish. You don't convince anyone that Stake.com is a scam because of this. It's widely known and it's in their TOS.

If you wanted to deposit and withdraw without wagering, there are still some casinos that let you do that, but most don't.

And to bump all the old threads you've found about stake isn't going to help your case, you just look chilidish.

I have wagered on their casino more than 1 BTC. I don't come for mixing I come for play.
 If they block my account let me take my money and then block.

I have wagered on their casino more than 1 BTC. I don't come for mixing I come for play.
 If they block my account let me take my money and then block.

I think you missed the part where I said that wagering more than 1 BTC in the past does not mean you should start depositing and withdrawing coins afterwards without wagering them, since I added that part later.

Check out the screenshot of the terms I posted. It reads that checks are carried out on case by case basis. Contact their support and explain to them what happened instead of making multiple posts in different past threads.

I have wagered on their casino more than 1 BTC. I don't come for mixing I come for play.
 If they block my account let me take my money and then block.

Looks like you are not getting the point.

What is termed as "mixing or money laundering" by casinos is when you deposit your money in them and then withdraw it without wagering at all. Basically, you are using a casino as your mixing tool to hide your transaction trail, and they don't like this behavior.

This is exactly what you did with stake.com, and that's why they blocked your account.

I disagree money laundering is for black actvity ive nothing to hide and transperant about my source of income.
you can't say it's money laundering without proof (you say i mix funds)  do you have proof of it?  you just say things that not true and not relevant for me.
claiming someone for money laundering without proof if severe.

i gain nothing from mixing funds i never use these tools. And I don't launder any money read the definition before you accuse someone.

Why would you deposit coins in a casino in the first place if you are not planning to gamble at all?

You definitely triggered offer their security when you tried to "Mix or launder the coins" Most casinos are totally against this.
Look at their AML policy

I only want my money and i will remove it.  They said they review it in 24 hrs and respond let's see.
I only post it because big mouth Nicolas claim I do money laundering and show little compassion in this matter.
And I like when people give me a lot of respect. Later a girl replace him on a chat and it was better experience so was appreciating of my waiting time etc.

I only want my money and i will remove it.  They said they review it in 24 hrs and respond let's see.
I only post it because big mouth Nicolas claim I do money laundering and show little compassion in this matter.
And I like when people give me a lot of respect. Later a girl replace him on a chat and it was better experience so was appreciating of my waiting time etc.

I have to wonder how many times is a couple of times?  I would guess it has to be a lot in order for you to have your account locked like this.  Let's be honest, this is a tiny amount of money for Stake and I don't think they're trying to scam you out of it.  If it is a misunderstanding, you should explain yourself to Stake and ask for the funds.  If it isn't a misunderstanding and you think you're being taken advantage of, post all the details including the addresses you used to deposit/withdraw and your account history so that others can let you know what you did wrong and maybe help you recover funds.

I deposit a couple of transactions at once without use them yet and it triggered some security.
They said you can't deposit at once without wager with it and ban my account.

I said ok at least tell let me withdraw. they ask me for selfies and anything i provided them everything was fine and yet they came with the same excuses.
That I use their platform for money laundering. extremely unprofessional for them to accuse me for money laundering.
Only because I withdraw couple of time without wager.

According to the picture you uploaded, you account has only be placed on withdraw only mode. That means you can be able to withdraw, but you can not be able to make use of Stake products and services.

Kindly withdraw your fund or contact Stake customer care for further assistance.