Charlie B4A to: John, Bill and members

yokspot · 07-05-06, 04:54 PM

Thanks very much for stopping by, Charlie, and for your encouraging estimation of the situation.

I'm sorry you won't be working there any more.

k68los · 07-05-06, 05:02 PM

Thank you Yokspot,

My respects to you.

JoshW · 07-05-06, 05:48 PM

Fact: B4A will have all outstanding payouts paid in 1½ to 2 months. According to their CFO

LMAO

k68, what do think the % chance is they pay everyone after say 3 months.

A CFO saying it means next to nothing.

Spinner · 07-05-06, 06:14 PM

Originally posted by lakerfan

Fact: B4A will have all outstanding payouts paid in 1½ to 2 months. According to their CFO

LMAO

k68, what do think the % chance is they pay everyone after say 3 months.

A CFO saying it means next to nothing.

Now I feel real bad..

k68los had my hopes up that someday I would get my monies back.

But.. after being told on the phone by B4A that it was Netellers problem and other excuses.. I had a gut feeling I was taken and will never see a dime.

I will never bet online again untill I get my money back.

I will let you all know if and when I get it back. $10,000.00

Spinner

Bill Dozer · 07-05-06, 06:19 PM

Originally posted by k68los

What do I mean by you being objective? Well, I had the honor to work for you and I can honestly say that you have the ways and means to make sure that everything that is being said on this forum is legit or at least close to the truth. You guys at SBR already hired someone new to do investigative work, well, I have not heard from him or neither has Bill sent him to find out if there is any truth about the company moving their stuff out of this building. I will open these doors for you, Bill or Dave to come in to talk to me.

We used to talk w/ ownership a few times a month if not week until the payout problems. Here is what was documented during that time. Players know what we know.

We would be happy to monitor the payout plans.

Originally posted by k68los

"The Bottom line is that we are not paying so therefore should be considered a SCAM?" Maybe so, according to SBR outlines.....But shouldn't you be a "Watch Dog Site" that makes sure players get the real "Bottom line?" well, I believe that by visiting and talking to these places and even helping them find solutions for the players best sake would be a much better way to accomplish it.

Is there something more we need to know?

Originally posted by k68los

Bill, you just had to go and dig deep and post old posts from 2005. You know where VBZ is located at, and if you need help finding them, just ask me again or even your member "Jumper". I mean, why do you have to bring up something irrelevant to the matter? Why not take the time and do a real investigative job? Shouldn't you focus on the "Bottom Line"? Instead of confusing people? It's hard enough for them to know that they are not going to get paid soon but to worry about other people scams? Please, get the facts!

Those posts were years old, thread recently bumped. It's all in the link above.

JoshW · 07-05-06, 06:40 PM

Spinner,

Didn't mean to make you feel bad, but promises like this are standard. They mean next to nothing on the part of the book. For every book that promised this I can think of maybe one that actually followed through on it.

I am in similar situation with No Juice for even more money so I am not piling on. Whole thing sucks, but when playing with less than established books or operators who haven't proved themselves for years, it certainly happens more than not.

SBR_John · 07-05-06, 07:50 PM

Thanks for the post Charlie.

Paying players in 1.5 to 2 months is simply not acceptable.

I'm sorry you take issue with our "scam" status but just for a second put yourself in our shoes: We have a book gladly accepting deposits and refusing to make payouts. We have a job to alert the public and tell it like it is.

I'm not sure I remember you but you sound like a straight guy and I appreciate the detailed update. If I have offended you I'm sorry, we are both just doing our jobs.

jm765 · 07-05-06, 08:18 PM

Maybe a Decent book can bail us out? And get this mess over with.

Mudcat · 07-05-06, 08:45 PM

Wow. Am I supposed to feel bad for poor, mistreated Bet4Aces now?

yokspot · 07-06-06, 08:40 AM

Charlie,

This is the discrepancy that has bothered me for sometime. People have often mentioned a "2 month" time frame, and you have approximately said the same yourself, 1.5 to 2 months.

Yet this directly contradicts Bill's report:

BET4ACES (SBR rating F) management confirms insolvency. Manager Charlie tells SBR that the sportsbook does not have player balances, and the problems are beyond the transferring of funds to merchant accounts. Charlie, who was brought in last month to assist with finances, says he has not been given access to funds as promised, and will leave BET4ACES early this month. BET4ACES continues to take deposits and should be considered a SCAM.

How is it that you can give us a decent timeframe on payment when you've already acknowledged that the book is insolvent? Are you simply taking this on trust from the CFO, and is this timeframe linked with an expected injection of cash from the start of the NFL season?

Is there any reason that this two-month timeframe should be taken as any more than an unsubstantiatable promise?

isetcap · 07-06-06, 08:59 AM

I'd like to say that it's great for sportsbook "executives" to be posting here, but each time they do the result tends to be disastrous; not only in the final outcome but even in the very specific way they present their excuses in script.

I mean if I was uneasy before, I'm thinking about finding a cliff to jump off right about now.

Every time one of these posts shows up, it's a blatant reminder of just how unprofessional most of these organizations are.

marc · 07-06-06, 10:43 AM

As lakerfan said, promises by the CFO, don't really mean much. It would be much more helpful if the CFo could explain why if he plans on paying does he need an additional 2 months The payout problems started 2 months ago.

What would really alleviate our concerns would be if the CFO could provide some proof to a realiable 3rd party that the funds were truly on the way. Or if he would at least continue with the sporadic money gram payments.

I don't know how many players are involved here but seems to me, if the CFO would just mail out a couple of money orders each day, we'd all be paid off a lot faster than waiting for the owners to send money over to neteller.

I guess the problem I've always had is this fixation wiht needing to reload the neteller account. Forget neteller, wire the money, mail out checks, walk over to my local bank brach and deposit cash into my account.

WOuld just be nice to see something concrete. Promises from the CFo don't carry much wieght at this point. But Charlie, your help thus far is appreciated.

JC · 07-06-06, 11:18 AM

Charlie,

Same old questions.

1. What happened to the money that was posted up?

2. How much capital (money in the bank) did the book have the day it opened its doors?

3. How much money did they win/lose gambling?

4. How much did they give away in bonuses?

Special question.

5. Who is this Mario guy and what is/was his involvement in Bet4Aces?

It seems to me your book is broke. It was probably broke the day it opened its doors. It seems to me the owners were counting on operating off of player deposits, before they won it. Nothing new here, same old story.

How do you respond to people who say they called and were offered the chance to deposit when you say they are not taking deposits?

drunkguy · 07-06-06, 11:24 AM

Originally posted by isetcap

I'd like to say that it's great for sportsbook "executives" to be posting here, but each time they do the result tends to be disastrous; not only in the final outcome but even in the very specific way they present their excuses in script.

could it be that sportsbook "executives" only come to post on forums when they are desperate and on their last legs?

Spinner · 07-06-06, 12:59 PM

You know, it would be nice if someone from B4A would come on to this message board and give us an update on a daily bases of whats going on. Let us know when will we get our monies back or if we are just shiit-out-of-luck.. I hate to be anticipating for months that I will be reimbursed just to find out I been screwed.

Spinner

JC · 07-06-06, 10:44 PM

Originally posted by JC

Charlie,

Same old questions.

1. What happened to the money that was posted up?

2. How much capital (money in the bank) did the book have the day it opened its doors?

3. How much money did they win/lose gambling?

4. How much did they give away in bonuses?

Special question.

5. Who is this Mario guy and what is/was his involvement in Bet4Aces?

It seems to me your book is broke. It was probably broke the day it opened its doors. It seems to me the owners were counting on operating off of player deposits, before they won it. Nothing new here, same old story.

How do you respond to people who say they called and were offered the chance to deposit when you say they are not taking deposits?

Bump for Charlie

jm765 · 07-06-06, 11:01 PM

I hope a Decent Book can bail us out of this mess.

JC · 07-07-06, 10:19 AM

Charlie,

You out there?

freebie · 07-07-06, 10:39 AM

I don't think charlie will respond.

Just wait till football season or few more months.

isetcap · 07-07-06, 11:40 AM

Originally posted by JC

Charlie,

You out there?

According to the CFO, Charlie will be paid in 1.5 to 2 months at which point in time he will be able to answer your questions.

k68los · 07-07-06, 01:19 PM

I don't think charlie will respond.

Just wait till football season or few more months.

Dear Members,

Sorry for not responding yesterday, I'd like to apologize to all of you.

As I said, "The bottom line here is that all of you get paid".

If I were in your shoes (members) I'd probably be saying worst things, just to let my frustrations out. I do not blame you for saying the things you say, but I was not offered the opportunity to come into this company to make up stories or to deceive people. I came in to open offshore accounts and to design a plan for money transfering. Just to make sure that there were no delays on payments, just as they were doing in the begining.
Unfortunately, after all my job was done, the money never hit the accounts. Why? Because some deals went wrong and they were not able to fund their merchant accounts. It is true that there were promises like "next Monday". "Next Friday", but I put a stop to it, just because I wanted to know exactly were the company was at. I wanted to give the players the truth and get to the point.

When I spoke to their CFO he told me that in order to fund Merchant accounts and pay everyone, it would take around 2 months.

Members, I had a very long conversation with him about why and how things went this way, he explained and I was able to understand even though I may not agree how things were done before I got here. I respect the owners, because they are truly good people. All they have in mind is to have those funds hit your guy's accounts as soon as possible.

Members, my recomendation to this company is to make sure all payments are done as soon as the money is available (time frame given), after that, just continue with different projects that they have been working on for the past year(not book related).

You may say whatever your heart feels but please keep in mind the "bottomline".

I have arranged to stay 'till the end of the month, just for you. so please feel free to contact me anytime. 1-800-637-0799

My respects to all of you.

freebie · 07-07-06, 01:36 PM

what's the difference between paying now and paying later?

Why does it take 2 months to get pay?

is bet4aces running out of money or does it take time to gather up new deposits to pay the old players (been waiting weeks)?

How can you you run a sportsbook without money? Are we playing with IOU at the moment?

k68los · 07-07-06, 01:38 PM

Originally Posted by JC
Charlie,

Same old questions.

1. What happened to the money that was posted up?

2. How much capital (money in the bank) did the book have the day it opened its doors?

3. How much money did they win/lose gambling?

4. How much did they give away in bonuses?

Special question.

5. Who is this Mario guy and what is/was his involvement in Bet4Aces?

It seems to me your book is broke. It was probably broke the day it opened its doors. It seems to me the owners were counting on operating off of player deposits, before they won it. Nothing new here, same old story.

How do you respond to people who say they called and were offered the chance to deposit when you say they are not taking deposits?

Bump for Charlie

Sorry JC but I am not going to answer all of your questions.

About taking deposits, please tell me what day..I gave the order last Monday morning after a meeting with the owners over the weekend.

There is no Mario in this office or do you mean "Mauricio"? If it is the second one please ask Bill, because I am not going to get myself involved in discussions when I have mcuh important things to worry about, like making sure everything runs smooth 'till the money is paid to all of you.

Now let me ask you. Are you owed money here? If so, wouldn't it be more important to for you to know that the money owed is going to be paid in time frame given? And when it is paid, do you think all of your questions would matter then?

That's all I am doing here, making sure this happens...Please give me time and a chance to do my job...Let's not get into why and how?

My respects.

k68los · 07-07-06, 01:40 PM

Freebie,

Thank you for your questions but I will go back and read my answer to JC......Same answer to you sir.

With all due respects.

jm765 · 07-07-06, 04:40 PM

Sounds like a story i told my bookie when I did not have any money to pay him 1-2 months waiting for some business deals. he was not happy when I told him.

yokspot · 07-07-06, 05:00 PM

Charlie, what should we realistically be doing at this point? You've pretty much acknowledged the payment promises, promises, promises, ad infinitum ad nauseum, were a crock of bull. At the end of the day, payment within six weeks is just another promise. Bet4Aces does not score very high in this department right now. We cannot regard it with any credibility.

Add to that, the original sponsor's forum is now down, and I see no likelihood at this point it'll be back up - just more promises, promises, promises.

Tried and trusted people, like Bill and John here, have offered to work on the situation in terms of securing some bailout package for us. Why is this not the best option?

We have three options:

1) Wait for Bet4Aces to pay us. Excuse my rapidly failing patience, but I think this is about as likely as seeing a pink elephant at this point.

2) Wait for TOW to sort something out. Well, until I see some evidence that TOW has not left us flat, one is hard-pushed to not assume just that.

3) Enlist SBR's help, assuming it's still on the table.

As of this moment, with the evidence we currently have, it ain't even close.

FTR - I don't hold you responsible for any of this, Charlie. You did good, at least in cutting the crap with the payment promises BS. I wish you weren't out the door within the month.

Ganchrow · 07-07-06, 05:12 PM

Originally posted by k68los

Sorry JC but I am not going to answer all of your questions.

About taking deposits, please tell me what day..I gave the order last Monday morning after a meeting with the owners over the weekend.

There is no Mario in this office or do you mean "Mauricio"? If it is the second one please ask Bill, because I am not going to get myself involved in discussions when I have mcuh important things to worry about, like making sure everything runs smooth 'till the money is paid to all of you.

Now let me ask you. Are you owed money here? If so, wouldn't it be more important to for you to know that the money owed is going to be paid in time frame given? And when it is paid, do you think all of your questions would matter then?

That's all I am doing here, making sure this happens...Please give me time and a chance to do my job...Let's not get into why and how?

My respects.

It seems the height of hubris to demand your creditors refrain from inquiring into your company's financial state or their prospects for repayment based on nothing more than your tired, unsubstantiated assurances.

isetcap · 07-07-06, 05:21 PM

or the height of stupidity...

you pick the tragic flaw.

k68los · 07-07-06, 05:52 PM

Originally posted by yokspot

Charlie, what should we realistically be doing at this point? You've pretty much acknowledged the payment promises, promises, promises, ad infinitum ad nauseum, were a crock of bull. At the end of the day, payment within six weeks is just another promise. Bet4Aces does not score very high in this department right now. We cannot regard it with any credibility.

Add to that, the original sponsor's forum is now down, and I see no likelihood at this point it'll be back up - just more promises, promises, promises.

Tried and trusted people, like Bill and John here, have offered to work on the situation in terms of securing some bailout package for us. Why is this not the best option?

We have three options:

1) Wait for Bet4Aces to pay us. Excuse my rapidly failing patience, but I think this is about as likely as seeing a pink elephant at this point.

2) Wait for TOW to sort something out. Well, until I see some evidence that TOW has not left us flat, one is hard-pushed to not assume just that.

3) Enlist SBR's help, assuming it's still on the table.

As of this moment, with the evidence we currently have, it ain't even close.

FTR - I don't hold you responsible for any of this, Charlie. You did good, at least in cutting the crap with the payment promises BS. I wish you weren't out the door within the month.

Yokspot,

Thanks for the comment. I know my brother...You're 1000% right but I hope that by me pressing them on keeping their promise will help you guys on getting paid.....That's all.

BTW, I am willing to negotiate any Bailout from another sportsbook.....Anything to make everything easier for all of you. All I need is someone to contact me.

My respects.

k68los · 07-07-06, 05:55 PM

Originally posted by ganchrow

It seems the height of hubris to demand your creditors refrain from inquiring into your company's financial state or their prospects for repayment based on nothing more than your tired, unsubstantiated assurances.

Ganchrow,

My respects to you but I am sorry for not giving any further information on their finacial stauts from the begining to now.
I have my professional discretion as well.

I hope you understand. All I am trying to do is to make sure everyone gets paid.

k68los · 07-07-06, 05:56 PM

Originally posted by isetcap

or the height of stupidity...

you pick the tragic flaw.

I respect your opinion Isetcap.

JC · 07-07-06, 09:56 PM

Charlie,

Let me narrow it down to two questions please:

1. What happened to the money that was posted up?

2. How much capital (money in the bank) did the book have the day it opened its doors?

Thanks

JC · 07-09-06, 08:35 PM

Originally posted by JC

Charlie,

Let me narrow it down to two questions please:

1. What happened to the money that was posted up?

2. How much capital (money in the bank) did the book have the day it opened its doors?

Thanks

Bump for Charlie

k68los · 07-10-06, 12:48 PM

Originally posted by JC

Bump for Charlie

JC,

At this point, that is not important to me. All I care is for players to get paid....Bottom Line.

My respects to you but how is this information going to help solve this problem?

Let's not lose sight of what's important here.