Exactly why it's not worth the risk (not just winning the wager, but actually getting paid), to send large sums offshore. If any of them decide to not pay for whatever bogus reason they claim/close up shop, you are at their mercy. Brings back nightmares of many books, some that were high rated for years, that absconded with the loot.
By the time WSEX closed their doors, players were owed over $1 million. The sportsbook closed its doors in April, 2013. It is also reported that they did not give their employees their final paychecks.
The message left on their homepage of WSEX was this:
“Dear WSEX customer,
We have been forced to halt business activities at this time due to inadequate capitol resources. The financial position of the company is currently under review and we will keep you informed as to the future plans for WSEX and the repayment or transfer of your balances.
We sinisterly apologize for this unfortunate situation and will be doing everything we can to rectify it as soon as possible.
-WSEX Management
Soon after the message was posted, WSEX went completely offline.