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You are not discussing anything, you are jjgold-ing this thread with comments that don't help anyone.Comment -
yeah but that o one can deny only book i know who gets u instant withdrawals for meaningfull figuresComment -
BTW
9. Disputes Sport markets (excluding horse racing) are settled according to the settlement rules of Pinnacle Sports LLC unless different rules are stated in the market description. Disputes must be submitted within 3 days from the date the bet in questions has been graded. Fairlay LLC reserves the right to refuse to honor claims after this period.
What is Pinnacle Sports LLC?
A gun shop in New Hampshire?Comment -
sucks for degen. and kona is the biggest loser. to make assumptions about the guy based on your experiences is just silly and suspect. no one loves a book that much without cause.Comment -
I once got a btc payout from a book, couldnt deposit in any exchange kept getting rejected.Was able to deposit to my blockchain wallet, thats as far as I could move it. Book eventually took it back and paid me with different btc-crazy...Comment -
Some people just can't just wait to see how this thing plays out.......sadComment -
You seriously can’t think of any other reason they might need to talk to degen besides conveying a compromise payoff offer? Quite an active imagination you have.
I love how some people think they know what’s going on despite the fact that we’ve been given almost no information from either party since the beginning.Last edited by DontTailMe; 08-30-19, 07:19 PM.Comment -
as FYI we are back to just waiting on Fairlay, they have still not done anythingComment -
Degen1 has now been advised of the basic details of what has gone on here so I can share a small update.
Fairlay say that a USA based law enforcement related agency has requested the hold on these funds.
SBR has asked some questions including these;
Has this request come direct from the agency or from a lawyer or from interested third party?
How are you sure it is a bona fide request?
Will you require a proper legal order from a jurisdiction you are bound to follow (like Costa Rica courts or licensing agency) before you will hand this money to anyone apart from Degen1?
SBR asked Fairlay to consider;
Handing back the deposit and closing the account, if there is no proper legal reason forcing it to be held.
Telling Degen1 the complete story they have been told and discussing it with him re what to do.
Giving Degen1 the contact name of the person representing this 3rd party so he can argue his case directly.
Giving the third party a more reasonable time frame in which they must provide a proper legal basis for Fairlay to continue holding these funds for them. Like 14 days, or 28 days. Not the end of the year.
We have received replies, but none address any these questions or suggestions made.
As stated above Fairlay contacted SBR on Monday, we replied and are yet to hear anything more from them.
It appears that they have no answers and very probably zero legal basis to be acting in this manner. Again.
We also asked their CEO about the BetG matter;
We asked under what license or laws did they feel compelled to withhold his last deposit?
What Anti Money Laundering agency did they report this to?
Where has the money gone, or where will it go?
He asked to be given time to research what went on.
Some days later here was that response;
"BetG did not verify his identity yet.
People try to use us as a dark net bitcoin mixing service and we have to inhibit this behaviour - in fact we are required to implement procedures to prevent such misuse of our service.
So according to our terms we KYC alleged criminals / people who breach our T&Cs before allowing them to cashout.
Keep in mind that is is very very easy to make multiple anonymous accounts on Fairlay. So keeping bad people out is more difficult than with traditional bookmakers."
I find the Fairlay response to both these matters troubling.
Degen1 has maintained that the source of his funds is lawful.
SBR advised him to retain a lawyer to handle the matter further for his own protection, and to prepare a letter of demand for Fairlay to release his funds, whihc seems to be the next logical step.Last edited by Optional; 08-30-19, 08:26 PM..Comment -
I do not think Fairlay are trying to steal either players money.
It appears they are just saying they do not wish to support criminal activity.
But it also appears they are the rouge party here, who is not following applicable laws properly.
If they actually have a commitment to not allowing illegal sourced funds to be used on their exchange then they had better start KYCing every player, as otherwise they appear to be more than happy to attract and profit off illegal funds with their anonymous account and no kyc policy most of the time. But somehow think they should pick and choose when to act like the private Sherrif of CR.
If they could simply cite any law or regulation they are following in either case it would be more understandable. But they do not seem to be able to even do that..Comment -
Law enforcement related agency? Either they are a law enforcement agency or they are not! Which is it Fairlay? I find it interesting they feel so obligated to follow USA laws, but have no problem operating a business they know wouldn't be allowed in the US, or even if they felt it was legal, choose to set up shop in Costa Rica than somewhere in the US. Delaware wasn't good enough to establish an LLC?
Aren't a lot of the owners/stakeholders of Fairlay American? I'm wondering if they're just overreacting because they're trying to avoid making waves in the US in a legal sense. They know they're running in a gray market and may be trying to cooperate when US authorities come knocking hoping if they assist in these matters, their overall operation will be left alone in general.Last edited by mrpapageorgio; 08-30-19, 08:49 PM.Comment -
You are being too nice about this comment. Fairlay has ZERO CREDIBILITY. All they do is hide... and go AROUND THE REASONING. What a joke of a book. Give the player his funds back. Continue to do this to other players... and continue to lose business.
Nothing is perfect when dealing with BTC. We all know it's underground.... including Fairlay.Comment -
Great Update! Wow! Attorney General of some state???? Would have to be a DA or higher I would think or some agency above local level....
Degen1 can you search your local state and county criminal court records?
Watch Fairlay say your $$$'s are in a bag under bench at corner street in Degans home town then Cops nab him...LOL
Crazy!!!!Last edited by littlekona; 08-30-19, 09:05 PM.Comment -
As I said earlier......I hate the FEDS!!!!!
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seriously though If I where Fairlay I would just send the btc deposit back to wallet it came from and just let the authorities deal with that exchange...very unique and complex situation here best move just get out of involvement if they can legallyComment -
the feds are probably threatening to freeze their bank accounts as leverage. thats how they got full tilt poker and pokerstars. banks are all under the thumb of the usa.Comment -
they got Full Tilt/Stars on violating the wire act I thought so the bank processing of transactions is what is illegal not the gambling....wonder how this relates to BTC...All I know is banks really take the patriot act and KYC seriously want to know exactly where funds come from and even ask when opening an accountComment -
he didnt segregate funds but it wasnt as much of a scam as ppl portray it. most of the money missing was from payment processors stealing or the government confiscating the money and they credited deposits without actually being able to collect the money from banks. banks do far worse but they are bailed out by the government when they screw up.Comment -
Since when do Feds/LE go after the money before the criminal ? Seems unheard of, do better FairlayComment -
degen didn't money launder but I came across an old article.$4.2 billion Laundered in Costa Rica Per Year
Monday, March 14, 2016
The figure is an estimate made by the Intelligence Directorate in Costa Rica released by the US State Department, along with information that indicates a rise in criminal organizations based in the country, and little capacity to combat them.Comment -
That was my wording, not Fairlay's.
I'm avoiding mentioning the name as if Fairlay is telling the truth, we don't want to be seen to be recklessly interfering with an investigation.
But the lack of answers to even the basic questions about if they are sure the request is bona fide implies Fairlay are at least embellishing the situation.
Which is why we felt that now was time to at least give the player enough information to defend himself and argue against the decision.
Fairlay did give more info than is shared here. Strangely detailed info that I am surprised an official agency would tell an outsider about their investigation. Which partly makes it more understandable why Fairlay would want to assist them, but also suggests that the alleged request is not official at all..Comment -
Latest from the troll box.
If they were working with law enforcement, they wouldn't be posting it.●Lopezak: Heard Fairlay stole 100k in btc any truth
● Billybones: If I make an unmatched maker/taker bet, shouldn't it show up in the orderbook?
● Billybones: Oh, it just took a second, but it did show up in the book. Although I put up 5 mBTC and it only shows 3 in the orderbook, but I imagine there's some reason for that
Admin2: @Lopezak. We are currently working with law enforcement on this case and unfortunately cannot comment until investigations are completed.
Admin2:When the case is decided, all funds will be turned over to the rightful owner. If in doubt to the user.Comment -
To be fair, that is their genuine position..Comment -
I’m sorry, but why would Fairlay forward all information to SBR if there was an actual formal investigation and risk pissing off or jeopardizing this agency/their investigation , why haven’t I been charged or heard anything from a third party, can an agency even freeze assets without a court order/charge? Why am I currently able to travel internationally?Comment
