BetIslands to close with player funds

[raiders72001]

are you sslp's buddy??

not at all. Is that Jon? Is so, it makes no logical sense for him to be the brains behind the stiff job. The owners and SBR used Jon.

[gwills]

fkkk sslp

[allin1]

It was years. They mean nothing. This is true. Until they mean something.

For stealing, a hand
For running, a foot.

what if the financial backer is the actual thief? is it possible that jon was just a front muppet the whole time? you should be 100% sure of who's guilty before you act on it. This thing is still a bit shady. I wouldn't trust jon but I woudn't rule out other scenarios either. We need to find out if jon left with some money or not, like a 6 digits figure at least. If he did, then he is indeed a thief. If he left with all of it than his karma is even worse ) he will need all that money to protect himself from angry people

[a4u2fear]

Wow, was between DSI and BI at start of NFL, chose DSI, whew.

[bostonboss]

what if the financial backer is the actual thief? is it possible that jon was just a front muppet the whole time? you should be 100% sure of who's guilty before you act on it. This thing is still a bit shady. I wouldn't trust jon but I woudn't rule out other scenarios either. We need to find out if jon left with some money or not, like a 6 digits figure at least. If he did, then he is indeed a thief. If he left with all of it than his karma is even worse ) he will need all that money to protect himself from angry people

jon was the listed owner...it was a ponzi scheme funded by sbr it all adds up.

[bostonboss]

they lost the main funder in the pinnacle cantor group arrests

[bostonboss]

after those arrests..... sbr and jon decided to just divide up the money...period...end of story.

[bostonboss]

the hurricane and the processor excuse bought them some time to keep stealing funds and signing people up....but when the threads started mounting up about the no pays...the gig was up.

[allin1]

Ok. I get it now.

Nice sum up bostonboss.

[InsiderHer]

BS

Where did I vouch for him? I said I knew him and his prior affiliation with BP (and that I didn't think he had anything to do with EZ or 7red), and I played at BI. I also said some of their business practices were not sustainable.

You clearly vouched for him and you can see your quote all over these BI related threads. Not that you have any pull in this industry, but I find it kind of ironic you mention BP. He was let go from BP and JustBet and stole both databases to start the BI skin with Jazz. You already understood his sorted history yet you vouched for him anyway. You were specifically told in the past about his nature, yet you and SBR turned your backs to it. The SBR manifesto related to scam books stinks of BI, yet SBR decided to turn a blind eye to its own reality. John, Bill, yourself and others hyper inflated the rating on a untested book ran by SSLP to profit from it. In addition, you covered up the fact he had another skin running with losers at EZ. A book that should be on the hook for providing a home for BI. You and the gang cant have it both ways hot shot. Jon actually won by scamming the so called authorities of offshore wagering. Congrats SSLP. Sucks for all the people left behind with empty pockets especially since the so called experts were warned a long time ago.

[JasonDC]

Times like these really show you some things about yourself and you might not like it..i consider myself a Christian..yea i gamble and use some foul language on occasion..but im a believer..i gotta admit id like to see some unsavory shit happen to the people who stole my money.

[big joe 1212]

no way you can trust anybody's word from SBR again

SBR is going to be a has been soon

only thing keeping them afloat is the free sHit they give away with stolen money

[Dark Horse]

Times like these really show you some things about yourself and you might not like it..i consider myself a Christian..yea i gamble and use some foul language on occasion..but im a believer..i gotta admit id like to see some unsavory shit happen to the people who stole my money.

It's Old Testament justice. Eye for an eye. There's no need to be soft towards people like this.

[cloverfield]

no way you can trust anybody's word from SBR again

SBR is going to be a has been soon

only thing keeping them afloat is the free sHit they give away with stolen money

I would never make a decision based on what SBR says anyways.
Think about it.. SBR is getting money from all the top books on here.. YOU CAN'T EXPECT THEM TO BE 100% honest.. it's against their PROFIT structure.

I make my own decisions and if I get burned sending money to MONICA SUAREZ NOVIA LUCIA DE MONTANES it's my own fault in the long run. Don't keep any amount offshore you're not willing to see go away tomorrow.. I would never keep a $3000+ balance offshore.

SBR is great to share info and talk about the industry..not to make financial decisions based on someones word.

[big joe 1212]

Where did I vouch for him? I said I knew him and his prior affiliation with BP (and that I didn't think he had anything to do with EZ or 7red), and I played at BI. I also said some of their business practices were not sustainable.

you are on record saying you've known him for years

this gives the impression that you know him pretty well

are you telling me you didn't see this coming?

what was your balance when they shut down? I'm betting it was zero. I'm sure you got your funds out on time!

you work for SBR. your word means nothing anymore

you are either with us or with them, obviously you are with them

[big joe 1212]

I would never make a decision based on what SBR says anyways.
Think about it.. SBR is getting money from all the top books on here.. YOU CAN'T EXPECT THEM TO BE 100% honest.. it's against their PROFIT structure.

I make my own decisions and if I get burned sending money to MONICA SUAREZ NOVIA LUCIA DE MONTANES it's my own fault in the long run. Don't keep any amount offshore you're not willing to see go away tomorrow.. I would never keep a $3000+ balance offshore.

SBR is great to share info and talk about the industry..not to make financial decisions based on someones word.

I saw the writing on the wall weeks ago

I lost nothing but am still fuming over how this went down

I'm almost positive SBR knew what was coming and they did not warn anyone. They are suppose to be a watchdog!

[Milk Money]

Again (for the 20th time) who was the financial backer and what were his legal issues?

[paco]

They are still accepting wagers

Unreal

[MonkeyF0cker]

We finally talked with everyone involved. Unfortunately this looks like it is about to end badly for players. This came to be because BI lost it's financial backer and the people left could not make it work.

Is there so much as an apology from SBR to the players regarding this? Do you guys feel any sort of culpability in this matter?

[Miz]

Is there so much as an apology from SBR to the players regarding this? Do you guys feel any sort of culpability in this matter?

Not really... yet.

I'll take the blame for letting my balance swell without withdrawing along the way. That is fair enough. However, without the solid rating here, I would never have played there. I've been paid by D+ shit books, so surely a B book is pretty good right?

This is a setback, but not a game changer for me like it is for others. Either SBR is complicit or incompetent.

[Trident]

You clearly vouched for him and you can see your quote all over these BI related threads. Not that you have any pull in this industry, but I find it kind of ironic you mention BP. He was let go from BP and JustBet and stole both databases to start the BI skin with Jazz. You already understood his sorted history yet you vouched for him anyway. You were specifically told in the past about his nature, yet you and SBR turned your backs to it. The SBR manifesto related to scam books stinks of BI, yet SBR decided to turn a blind eye to its own reality. John, Bill, yourself and others hyper inflated the rating on a untested book ran by SSLP to profit from it. In addition, you covered up the fact he had another skin running with losers at EZ. A book that should be on the hook for providing a home for BI. You and the gang cant have it both ways hot shot. Jon actually won by scamming the so called authorities of offshore wagering. Congrats SSLP. Sucks for all the people left behind with empty pockets especially since the so called experts were warned a long time ago.

Rating Change: 7RedSports

12.18.2012 (11:48 AM CST)7RedSports downgraded from D to F

Sure is odd 7Red gets downgraded with no explanation the day BI sinks.

[pimike]

You're full of crap. Just spoke with Ryan & he's not even accepting deposits, concentrating on payouts first.

Lol and you believe Ryan??

[DoubleRedDragon]

damn dat sux

[bigballer891]

this is nothing but plain robbery by SBR and BI

[TryingMyBest]

First, I'll say the owners of books aren't always public and it's not up to us to make it so although we consider the available information. If you want to know the details of the comapny, you can go higher up the ladder to the book's that have been there 10 years all the way to public companies like bet365 instead of books that opened in 2011. Everyone can see the timeline of a book whether you agree with SBR ratings or not and choose what risk factors are important to you. In fact, when BI hit its ceiling for a newer book at B, many of the posters who are angry with SBRforum now argued that they should have been rated higher because of how their experience was.

When there is a problem with a book sponsor or in this case, a closure, everyone feels very badly. We try to react quickly without taking chances. There are even staff family and friends who aren't necessarily posting but are often playing along. Anyone who has been around here a while knows it's not just a business at SBRforum and it's about the community as much as anything. We don't just sell impressions to gaming sites who ask. Internally SBRforum discussed how we could avoid this in the future. While I can't say BI was overrated at B at the time, we'll require more years online before a banner at the top can be there. It doesn't help players here but these are the type of things considered as we read each of the posts.

As mentioned BIs backing was no longer... backing. There wasn't a contingency plan for them as we were told early on and some things went on behind the scenes before we had knowledge of the resulting issues. Jon had apparently been visiting every book he knew to get players to land on their feet without a personal interest in what happened. He eventually thought he did and SBR agreed based on information available. One of the owners of a book with assets and the money to make it work had stepped forward. Their upside was to keep an established brand that players really liked and build on it. We are still not 100% clear on what occurred but this arrangement came undone and BI is back in the position it would have been had backer #2 not been introduced.

Betislands Clients,

Regardless of why, or how this happened, as one of the heads of an organization who's founding goal was to look out for the welfare of the player when dealing with offshore books, I speak for everyone at SBR when I say we are sorry for what has transpired with Betislands. As a company, we have let you all down on many levels. Although we cannot go back and fix the mistakes that have already been made, it will be John, myself, and everyone at SBR's goal to make sure we make this right for Betislands clients. We cannot make any promises, but our single focus in the coming days will be the welfare of former Betislands clients.

Bill Dozier




Something like this would have been better

[gwills]

Betislands Clients,

Regardless of why, or how this happened, as one of the heads of an organization who's founding goal was to look out for the welfare of the player when dealing with offshore books, I speak for everyone at SBR when I say we are sorry for what has transpired with Betislands. As a company, we have let you all down on many levels. Although we cannot go back and fix the mistakes that have already been made, it will be John, myself, and everyone at SBR's goal to make sure we make this right for Betislands clients. We cannot make any promises, but our single focus in the coming days will be the welfare of former Betislands clients.

Bill Dozier




Something like this would have been better

You, sir, are a genius.

[gwills]

Do something about it, Bill, Lou, John (maybe not you cause (apparently) you're in on it) whoever. I'm out a lot of money (to me) and I need it. Just TRY.

[TryingMyBest]

You, sir, are a genius.

I've never had a job in CS since I was in high school, but this seems pretty obvious.

[gwills]

Definitely obvious, a reasonable person like you or I knows this. Just raising my hand with you to SBR's peeps.

[stevenash]

Whom do you trust now...Bovada I do because they have been around so long. 5Dimes I have received cashouts....maybe Intertops...TheGreek for certqin (loved the greek) but they are out of USA

all other books that I have never cashed out from I am contracting from...too may books I have deposited to or considered

DSI needs to be grouped in as a trusted book.
Yes, they have vanilla lines, I get that, put they pay, on time, and easy to deal with.
For me, it's just going to be DSI and 5D for awhile.
The powers that be here in America really need to wake up regarding this sports gambling thing, regulate it, tax it, whatever.
Our government needs to get their head out of their ass regarding sports gambling.
Would't surprise me one bit if the folks running things in Washington bet the Redskins and the Nats themselves.

[stevenash]

I only would trust 5D, Pinny, Greek. I can only play at one of those. So I only (and I mean ONLY) trust 5dimes.

You can trust DSI (not a shill)

[Joe Dogs]

This crap makes me sick to my stomach,and I never even played at BI.

Hopefully some how,some way,you guys get taken care of.

BOL

[evo34]

...

[necro]

this stuff could be 'fixed ' for your ''ownl soul''

google for 'deep weeb' and what kind of stuff you can buy or what kind of people you can hire/pay them there...

[chaka]

You think God condones illegal gambling?

word is he cashed his futures bet that BetIslands wouldn't make it