Cascade promised payment thread

[pokerking]

we should all just be grateful that they are still answering the phones to tell us constant lies! (according to lenny and richard)

They answer the phones to try to get some poor suckers to deposit with them.

[suzysuzy]

obviously, but the part that makes me crazy is that they act like i should be grateful that they talk to me.

[HedgeHog]

Sorry to say that I'm also owed 11k from this no-pay book. I have been waiting for a 2k withdwawal since March. Also I am shocked that anyone would step in now and consider handling their transactions, namely Omega Mike. How much could they possibly make off this deadbeat Book?

[Bill Dozer]

There will be scam alerts for as long as Cascade is accepting deposits as a no-pay book. Expect them to begin soon. Our priority was to exhaust all possibilities to help players get paid. We looked for even small good faith payments...SOME kind of activity as a positive gesture. Then the new marketing for new deposits began and we need to think about new bettors as well.

[SBR_John]

SBR has now rated Cascade as an F book. Promise kept, tho a bit late.

Has the scam alert been issued to the press? If so, has there been any reportage on it?

If so, could SBR post the links? (If a story is in Spanish I can translate the essence of it on this forum.)

I have no personal stake in Cascade, but if a formerly A rated book can steal millions of players money, it could happen to ANY book.

SBR is the most respected watchdog in the industy. They can't put a literal gun to the head of a renegade like Cascade, but they can use a figurative one, through the press mainly.

Or any contacts in the CR govt. Of course I know that Cascade will have much deeper pockets than SBR, and thus can buy off (and likely have) more - and more powerful - CR politicians.

But another big and once respected book going down with player money tends to destroy the rep of ALL the CR books --- and if it continues the mordida, the bribes, will one day dry up if the bleeding isn't stopped.

It would seem to be in CR's own interest to enact Australia-like laws to make their country into a beacon of internet gambling safety - and stave of US competition when it finally does arrive. (And someday, it surely will.)

On the other hand, expecting banana republic politicians to act in a far-seeing manner is akin to expecting brain-damaged fools like G. Bush to act like a statesman. Impossible.

In banana republics greed and stupidity are a deadly parlay.

Good post.

To those that are owed money there will never be enough action. And never soon enough. I don't blame them. They have been through many broken promises on the way to seeing this evolve into a scam. Those that are owed money should be able to speak their mind here and bash whoever they see pleased to.

I can assure those out there we are working a plan. As one poster mentioned we work and live in Costa Rica too. This is business, its not personal. We continue to lobby the large books for support for both political and legal. CR is not like the US and thats a point I hope we will all keep in mind.

As long as Cascade can operate this scam freely why would they begin making payments? The honor thing is long gone. The only way that payments will start is with political and legal help. This is now a criminal scam operation and the books and the government need to make their move.

[RonPaul2008]

It should be simple. Costa Rica should arrest the owners and extract every last penny they have and pay the customers what they can. Then the Costa Rican government should pony up the rest since they didn't do shit to help prevent any of this. I wonder how much costa rica has made in taxes from cascade..

Good post.

To those that are owed money there will never be enough action. And never soon enough. I don't blame them. They have been through many broken promises on the way to seeing this evolve into a scam. Those that are owed money should be able to speak their mind here and bash whoever they see pleased to.

I can assure those out there we are working a plan. As one poster mentioned we work and live in Costa Rica too. This is business, its not personal. We continue to lobby the large books for support for both political and legal. CR is not like the US and thats a point I hope we will all keep in mind.

As long as Cascade can operate this scam freely why would they begin making payments? The honor thing is long gone. The only way that payments will start is with political and legal help. This is now a criminal scam operation and the books and the government need to make their move.

[Scorpion]

This is now a criminal scam operation and the books and the government need to make their move.

BINGO!!!!!

[White_Tiger]

BINGO!!!!!

My $ there just like hail mary play in football now.

[ritehook]

Appreciate the post by SBR John.

If the players caught in the Cascade scam have any hope at all of getting even a portion of their stolen funds back if will likely be only through the efforts of SBR. Or so it appears to me, from a long distance.

Even so, it's a long shot, a Hail Mary pass, as one defrauded depositor has stated. It would seem to be in the interest of the nation of Costa Rica, and of the reputable books that operate there, to at least bring the main malfeasant to justice.

Otherwise, it appears to be a conspiracy of silence. Like ignoring a member of a village who comes down with the Ebola virus, because after all the rest of the community doesn't have it -- yet.

Quarantine!!!

[RonPaul2008]

I think SBR should consider giving some or all money the money they made directly from advertising and referring people to Cascade to people with money stuck at Cascade. The A rating was a major factor in the amount of $ caught up in cascade imo.

[Breaker]

The A rating was a main reason I switched to them after Pinnacle closed, but SBR is not to blame here.

I got one payout from Cascade between January and March, so I could have withdrawn more in that period.

I do think SBR has an obligation to step up pressure, not because they took advertising money from Cascade but because being a watchdog is their main reason for existing.

[cloudagh]

I think SBR should consider giving some or all money the money they made directly from advertising and referring people to Cascade to people with money stuck at Cascade. The A rating was a major factor in the amount of $ caught up in cascade imo.

The reason everyone's money was in Cascade is that reduced juice and bonuses are like heroin to gamblers. As adamant as I am about SBR sounding the alarm (timely please) on these places, I certainly do not think they share any liability for players' actions.

[bigboydan]

I do think SBR has an obligation to step up pressure, not because they took advertising money from Cascade but because being a watchdog is their main reason for existing.

I think every watchdog that accepted advertising funds from Cascade should step, and not just SBR.

I'll admit that I did feel very comfortable recommending people to play there, but when Lenny's partner backed out way back when I stopped my recommendations of them. Since then I've been directing people to Pinnacle, Wsex/Matchbook, 5Dimes, and of course the Spiro family of books (wagerstreet,BetJM,TheGreek)

[White_Tiger]

Since pinny close I request check from them for 1600 then it got cancel. Then I open account with betcascade and do book 2 book xfer from pinny to betcascade got 20% bonus and build it up to 4k. Now all my 4k seem lost can I contact pinny and ask them to collect for me since I xfer my $ from pinny to betcascade???

[paul Mordeeb]

NO, pinny can not help.

Sad situation, I would say if someone would give you $500 for you 4K cascade I would take it.

I would write it off. If you ever see any of it call it a win.

Good luck and I hope I'm wrong.

[Breaker]

Seems like Richard is no longer with Cascade

http://www.towforum.com/online-sports-betting/30192-betcascade-update.html

[pokerking]

Pokerking,

Let me talk to the other mods. We don't normally allow personal info here, but this is an exceptional case.

I take it that SBR is still censoring Lenny's real name here to protect him. Maybe he can use another fake name to start up a new book and steal some more money. I can't believe how a watchdog site can protect this thief.

[paul Mordeeb]

Standard rule. Kind of like letting 10 guilty men go free to protect one good one. This is obv one of the guilty ones!!!!

[SBR_John]

I take it that SBR is still censoring Lenny's real name here to protect him. Maybe he can use another fake name to start up a new book and steal some more money. I can't believe how a watchdog site can protect this thief.

We understand your frustration. Legal steps will be taken to stop this scam and recover whatever can be recovered.

[them45ter]

We understand your frustration. Legal steps will be taken to stop this scam and recover whatever can be recovered.

"Will?" When?

[tblues2005]

I feel for anyone that has gotten scammed by these people. I hope that SBR can get some of the funds recovered for the ones that haven't gotten paid from these jerks. I am sure that SBR is trying hard to do everything possible to help everyone out here, I think these people deserve an F as a rating until further notice. I would consider giving some of the advertising money they received from these creeps and give it to the clients that have been ripped off by these people.

I just hope the government backs their word and puts these people in jail and give the bond money they put up to operate their business to the people that hasn't been paid. That is what should happen here without a doubt. The Costa Rican government needs to step in now and do the right thing and go after these guys and send a message that they are not going to tolerate this.

[pokerking]

We understand your frustration. Legal steps will be taken to stop this scam and recover whatever can be recovered.

I would think that the first step would be to let everyone know the real name of the person who stole their money. Pretty hard to take legal steps against a fake name.

[White_Tiger]

So sad. I'll trade my 4k for $400 anyone?

[suzysuzy]

absolutely devastating to me. i had about 25% of my life savings on the site. what a moron i am.

[Wheell]

White Tiger: The real question is would you trade your 4k for $40?

[pokerking]

White Tiger: The real question is would you trade your 4k for $40?

I would trade my 6 figure debt that Cascade owes me for $1,000.

[SBR_John]

I would think that the first step would be to let everyone know the real name of the person who stole their money. Pretty hard to take legal steps against a fake name.

Hard to argue with that.

Give me until 5PM on Monday. I will lay the options out and we will form the group and work toward a consensus. SBR will assist with the legal and related fees. I need until Monday to advise you guys on your options.

[tblues2005]

suzysuzy,

I feel bad for you on this, I hope SBRJohn can help in this matter, I am surprised that SBR hasn't contacted the government on this one because they are the ones that should be investigating these guys, SBRJohn did they have to put up a big bond in that country to even operate? Shouldn't players at least get paid out of that bond if they revoke it? I don't know the rules down there SBR on this matter, I certainly feel for those that had a lot of funds with them and I hope you all can help them!

[JELLYBEAN]

There is no bond. He should of made money this week. Have any of you called and tried to w/d your funds. One of you smart computer guys should just do a DOS attack on his site

[Breaker]

Hard to argue with that.

Give me until 5PM on Monday. I will lay the options out and we will form the group and work toward a consensus. SBR will assist with the legal and related fees. I need until Monday to advise you guys on your options.

That would be awesome, much more usefull than the plan where "SBR should consider giving some or all money the money they made directly from advertising and referring people to Cascade to people with money stuck at Cascade".

SBR_John, The Shrink from EOG has stated he would be happy to assist.

[cloudagh]

Thanks John - this is a positive step for all involved, except Lenny.

[SBR_John]

That would be awesome, much more usefull than the plan where "SBR should consider giving some or all money the money they made directly from advertising and referring people to Cascade to people with money stuck at Cascade".

SBR_John, The Shrink from EOG has stated he would be happy to assist.

Thats great news. We would welcome his help.

[SBR_John]

suzysuzy,

I feel bad for you on this, I hope SBRJohn can help in this matter, I am surprised that SBR hasn't contacted the government on this one because they are the ones that should be investigating these guys, SBRJohn did they have to put up a big bond in that country to even operate? Shouldn't players at least get paid out of that bond if they revoke it? I don't know the rules down there SBR on this matter, I certainly feel for those that had a lot of funds with them and I hope you all can help them!

Jellybean is correct, there is no bond or even a license in Costa Rica. We are making progress. We will do our best to put a stop to this scam so at least we contain the vitim list.

[HedgeHog]

Cris or the Greek or WSEX or one of the major players in the industry should do a bail out - they can require a 5x rollover. Seeing a book go from A rated to stiff in such a short period of time would be bad for the industry.

Mostly agree, but make it worth it to the Book. Right now it's just monopoly money, so I'll gladly take a 20x rollover or more at any A or B Book.

[RonPaul2008]

Doesn't Cascade pay taxes to Costa Rica? Doesn't a business not meeting their obligations of this kind fall under some law in Costa Rica? If so, why no action after 7 months?

Jellybean is correct, there is no bond or even a license in Costa Rica. We are making progress. We will do our best to put a stop to this scam so at least we contain the vitim list.