Tow Final Words: Actionbet

[TLasVegas702]

Will Bridges Reports: Actionbets releases final decision against syndicate players


Player files no pay complaint versus Action Bets. Player complains that Action Bets refuses to pay high 4 digit balance on charges of misappropriation of bonuses. Player vehemently denies any wrong doing and in fact was asked to re-deposit by Action Bet employee. Player adds, "that when I withdrew Adam would ask me to re-deposit using a different name and that I would be entitled to another bonus". Player assumed Adam was acting for the company and perceived he was doing nothing wrong but following advice from an employee of the company. Adam was unscrupulous and resilient in recruiting clients to Action Bets. Both player and Action Bets agree that Adam was in the middle of the equation.

Obviously, over time player accounts multiplied, however, IP origin's remained relatively constant. Though player was cashing out funds that same player or one of a few close friends was re-depositing back into Action Bets as desired by both player to take advantage of the bonus and Adam to increase his customer "base". In fact, Aden, of Action Bets, found email sent by Adam to these players advising them to "use different computers; you are being too obvious". Shortly thereafter, Adam was dismissed from Action Bets but Action Bets was left to handle the mess he created.

Therein is the main problem of this dispute. Player is sure that Adam worked for Action Bets and that Action bets was aware of his activities. Aden, professes that ,yes, Adam worked for Action Bets but not with Action Bets. Adam, was paid by Action Bets but only on losses from his contacts or "sheet"! However, after uncovering evidence that Adam was misallocating bonus money via multiple accounts he was dismissed from Action Bets. Aden, proclaims that by the end "30 accounts were started by as little as five individuals and cashouts and deposits all correlated".

Both player and book agree, essentially, that a 3rd party is responsible for the problems associated with the dispute. Action Bets has fired Adam and drawn the line on financial responsibility. Action Bets believes "this very small handful of people had already received massive amounts of payouts with their 30+ accounts. So the money used on these last deposits was money that we had sent them in bonuses, fees, etc that they were not entitled to. Even confiscating the funds, these people are still largely up on us. Not from their gambling ability, but from the bonuses they fraudulently received. Ill-received bonuses that were paid out total up to more than current balances". Player firmly believes Action Bets was aware of Adam's activities and is therefore responsible financially.

Some free advice: 1) Read all rules of sports book you join and 2) If it sounds to good to be true; it probably is to good to be true.

**************************************** ******
Blame on Adam but actionbet take no responsibilities. Actionbet took more than $100,000 in players money. $100,000 in which they claimed is all bonus scam, damages...etc..

MY FINAL WORD: STAY AWAY FROM ACTIONBET11 8)

[tacomax]

Taking that story as the truth of the incident, I can't see that ActionBets did a lot wrong here. They had a rogue employee who was working fraudulently and the players he was looking after were either stupid or must have known that this was fraud. I presume the latter. Imagine if this were a bank with a rogue employee. If a rogue bank employee talks a customer into committing fraud then that customer is still guilty of fraud despite acting on advice from the worker working for the bank.

Having said that, Actionbets should take a long look at their business and employees for letting this happen in the first place.

[TLD]

Agree.

If this account is accurate, this wasn’t a case of the middleman being crooked and the book and player(s) just sort of innocently getting caught up in his wrongdoing and incidentally losing or gaining by it; it was a case of the middleman and the player(s) conspiring to defraud the book.

Granted, a player generally is entitled to rely on what he is told by someone he reasonably believes to be representing a book, but when the supposed representative is saying things like “Stop using the same computer; we’re going to get caught” it’s obvious he’s not speaking for the book.

I don’t know that I would agree with confiscating precisely what they’ve confiscated (I don’t feel like rereading all of what’s been posted previously to see exactly what “punishment” Actionbets imposed), but it’s pretty clear both the middleman and the player(s) are in the wrong here.

[marc]

TLD make a good point. Based off of the email correspondence, it would seem that the players knew they were commitiing fraud.

But there is what I believe an important part of the equation that Will may not have been aware of. Actionbets ALLOWED players to withdraw and then immediately redeposit and get a bonus. There was no need for the multiple names. The bonus policy of actionbets was 25% cash 6x roll. If you withdrew and redeposited, then the roll would be 12x. All the players gained by the creation of these fictious acocunts was getting a lower rollover. They gained a little but not much. If the employee had been honest with them, they likely would have just taken the bigger rollover. The only person who really made any money was the this rogue employee.

I think given the fact that the players actually were entiled to most of the bonus money, confioscating 100k seems a bit excessive. How much bonus money is actionbets claiming they gave these guiys?

[TLasVegas702]

Players are at disadvantage

If actionbet don't pay players, there is nothing players can do to get their money back.

If bet4aces steal players money, there is nothing players can do to get their money back.

BOTTOM LINE: players are always at a disadvantage. The one last excuses not to pay players is : Gambling online is illegal in the U.S.A. Enough said.

[Dark Horse]

Obviously, Adam is the fraud here. We know where he works now. Bet7moons. Let's make sure that book knows who they employed.

The question is to what extent AB, if at all, is responsible for having a fraudulent employee, and to what extent they were within their rights to confiscate players funds. In my opinion that last issue is too sensitive for them to decide for themselves, and would be better left to a third, objective party, such as SBR. I'm certainly willing to accept that AB was the victim, but to be the victim and the judge just doesn't send the right signal.

[Bill Dozer]

It isn’t very accurate starting with Adam being fired. He stopped showing up when his package was frozen during the “investigation” and after SBRforum posters reported getting emails from him inviting them to his new book. The more time passes, the better this will look for Actionbets. Promoters would rather see this focused on instead of the fact that they couldn’t pay for 3 months.

I think it is a bad precedent to set. Where will players be if staff members with management-type control can bamboozle their employer for months only to have the book “draw the line?"

[Dark Horse]

Happens all the time. Just look at our government.

We, the People, are the 'employer', by the way...


Any player who is told that he can sign up under multiple names to receive bonuses (if that is what happened), must know that something is not right.

I could be wrong, but in the legalized world don't fraudulent employees end up in jail or on the wrong end of a lawsuit?

[aggie]

they say they took away only bonus money, that was given to the players who did not qualify for it. so how's that wrong?

i was also promised by a VIP employee in writing a bonus that was later revoked, as i'm up with them.

what's the difference apart from a slow pay mode... ehhh, oh, VIP locked my account and still did not pay me, lol.

[pags11]

this is such a web of lies with fingers being pointed everywhere it's unbelievable...

[marc]

Here is the part that I still don't understand.

Actionbets confiscated 100k from these guys. There is no way they paid out over 100k in bonuses to these guys. So in a sense, by confiscating the 100k actionbets came out ahead. The only way they could have lost is if these guys also won a lot in wageirng and withdrew a good chunk of winnings.

In any event, if they froze these guys accounts and kept the 100k, why did they have financial problems. Just sounds like they must have been bleeding cash elsewhere.

[pags11]

that's exactly the case marc...these guys were looking for any reason to try and steal from players, and these players just gave them a better excuse to do it than others did...