1. #1
    Kz1988
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    Asianconnect - Fairexchange account permanently closed and 37k seized unfairly.

    Asianconnect customer since 2016, used various products/bookmakers/exchanges with them over the years.

    3.5 weeks ago opened a fair exchange account.

    Deposited 12k.

    After 4 days got a message that my account was suspended and was being investigated for a breach of their terms and conditions.

    Balance was 37k at that time (euros)

    Today they give me news that my account is permanently closed and funds seized due to "passing funds" which I assume means they claim I passed money from one account to another.

    Asianconnect in this time just said we wait for Upline, we wait for Upline, we wait for Upline, then today, Upline decision sir, final decision sorry sir etc etc.

    I plan to put this all over twitter etc, as effectively asianconnect are encouraging their customers to put money into somewhere that is completely unsafe/criminal. I don't see how I can get paid the money now as there is nowhere I can appeal to but I thought I'd write here first to see if anyone has any advice.

    By the time I'm finished with them will make sure they lose out in more than 37k in lost custom (damage to their reputation) at least!

  2. #2
    littlekona
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    Quote Originally Posted by Kz1988 View Post
    Asianconnect customer since 2016, used various products/bookmakers/exchanges with them over the years.

    3.5 weeks ago opened a fair exchange account.

    Deposited 12k.

    After 4 days got a message that my account was suspended and was being investigated for a breach of their terms and conditions.

    Balance was 37k at that time (euros)

    Today they give me news that my account is permanently closed and funds seized due to "passing funds" which I assume means they claim I passed money from one account to another.

    Asianconnect in this time just said we wait for Upline, we wait for Upline, we wait for Upline, then today, Upline decision sir, final decision sorry sir etc etc.

    I plan to put this all over twitter etc, as effectively asianconnect are encouraging their customers to put money into somewhere that is completely unsafe/criminal. I don't see how I can get paid the money now as there is nowhere I can appeal to but I thought I'd write here first to see if anyone has any advice.

    By the time I'm finished with them will make sure they lose out in more than 37k in lost custom (damage to their reputation) at least!
    before you do anything against AC88 if you are truly innocent file a complaint with SBR as they have good communications with them....Many of us Innocent punters have been through investigations by upline and all have been resolved positively though some have taken a few weeks....

  3. #3
    PunterLog
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    What does "Passing funds" mean exactly?

    Can someone explain this?

  4. #4
    Kz1988
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    They suggest I have two accounts maybe and pass funds from one to another, like money laundering or something?

  5. #5
    Alfie White
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    Funds passing is incident where one customer posts an offer for an outcome that will never happen in certain event (like over 6.5 goals in a tight match) and the other side backs that offer - pure loss and "moves" the funds to other person in that manner. I put maybe not-so-good example, but you get the idea.

    It can be in other sports as well.

    Kz, can you please tell us your bet history?
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  6. #6
    Kz1988
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    I mean I placed loads of bets over the 4 days. All on tennis mostly on atp/wta few challenger matches. What betting history you want?

    Can post my downloaded betting statement here maybe... have nothing to hide.

  7. #7
    Alfie White
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    Did you have any "extreme" bets like super high odds or super low odds? Either back or lay?
    You can maybe post the list of bets on pastebin.com and share the link here possibly and we can look at it.

  8. #8
    Kz1988
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    I had a range of bets, some low odds lays. Nothing absurd or different to how I'd normally bet.

  9. #9

  10. #10
    littlekona
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    Quote Originally Posted by Kz1988 View Post
    I had a range of bets, some low odds lays. Nothing absurd or different to how I'd normally bet.
    Ty for posting them...Betfair security can detect very easily passing of funds...kinda of like its easy to catch colluding in poker now a days

  11. #11
    littlekona
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    the odds and bets placed seem to be in line to how many big lay bettors play....I am no expert in tennis though but i see no real issues with betting pattern, odds or amount bet

    are you lifetime winner or loser with Fair exchange? and how much if winner
    Last edited by littlekona; 08-28-19 at 10:14 AM.

  12. #12
    Kz1988
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    Fair exchange are 'powered by Betfair' what exactly does this mean?

  13. #13
    Kz1988
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    Quote Originally Posted by littlekona View Post
    Ty for posting them...Betfair security can detect very easily passing of funds...kinda of like its easy to catch colluding in poker now a days
    Can assure you no funds were knowingly passed between accounts. They invented a reason to keep my funds as far as I can see. It took them 3.5 weeks to do so.

  14. #14
    littlekona
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    Quote Originally Posted by Kz1988 View Post
    Fair exchange are 'powered by Betfair' what exactly does this mean?
    a white label of betfair...payout odds the same

  15. #15
    Alfa1234
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    Quote Originally Posted by Kz1988 View Post
    Fair exchange are 'powered by Betfair' what exactly does this mean?
    It means they simply copy the betfair odds and liquidity and every time you place a bet, your bet is actually (at least partially, depending on how they operate and probably if you are a winning account or not) placed on Betfair instantly.

  16. #16
    littlekona
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    Quote Originally Posted by Kz1988 View Post
    Can assure you no funds were knowingly passed between accounts. They invented a reason to keep my funds as far as I can see. It took them 3.5 weeks to do so.
    my advise is to stop posting now and file a complaint w SBR and PM Optional (Mod) If you are innocent posting will not help and can even hurt case....Then update post in a week or if any developments occur

  17. #17
    Optional
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    Please send in a Sportsbook Complaint form and we will try to find out more for you.

    https://www.sportsbookreview.com/sportsbook-complaint/

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  18. #18
    Craig22
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    Quote Originally Posted by littlekona View Post
    before you do anything against AC88 if you are truly innocent file a complaint with SBR as they have good communications with them....Many of us Innocent punters have been through investigations by upline and all have been resolved positively though some have taken a few weeks....
    How can one do anything illegal on an exchange?

  19. #19
    Alfie White
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    At least try to read the full thread - funds passing incident suspicion.

  20. #20
    PunterLog
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    AC are closing all Fairexchange accounts.


  21. #21
    littlekona
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    Quote Originally Posted by PunterLog View Post
    AC are closing all Fairexchange accounts.

    that's too bad as the site had good functionality and no delays like Orbitx...Until AC88 gets another white label that runs smooth like 9wickets did the best option is Winfair/Mountbet through odsy88. So far with limited use of onlt few months they have been very good 8 withdrawals btc all done in 10 mins or less

  22. #22
    PunterLog
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    Quote Originally Posted by littlekona View Post
    that's too bad as the site had good functionality and no delays like Orbitx...Until AC88 gets another white label that runs smooth like 9wickets did the best option is Winfair/Mountbet through odsy88. So far with limited use of onlt few months they have been very good 8 withdrawals btc all done in 10 mins or less
    AC should simply start a white label of their own instead of relying on third parties. Makes sense in the long-term.

  23. #23
    littlekona
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    Quote Originally Posted by PunterLog View Post
    AC should simply start a white label of their own instead of relying on third parties. Makes sense in the long-term.
    Is asianodds their own? I am big fan of AC88 and it's a blessing to have the exchanges for me BUT they really need to get this figured out or get ORBITX to improve the mobil and functionality of the desktop...I just have to much stress using Orbitx with all the spinning and delays

  24. #24
    Craig22
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    [QUOTE=littlekona;28857567]Is asianodds their own? I am big fan of AC88 and it's a blessing to have the exchanges for me BUT they really need to get this figured out or get ORBITX to improve the mobil and functionality of the desktop...I just have to much stress using Orbitx with all the spinning and delays[/QUO

    This guy just got screwed using this scam exchange. Seems like Asian Connect is taking his side which they should. I agree, would be nice if they set up their own bet fair clone though highly doubt it.

  25. #25
    Alfie White
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    After what happened with Matchbook, OX and FE? Betfair would never want ANY action from AC88 and I can't imagine any other Betfair whitelabel partner "teaming" up with AC ever again.

    Yes, Kona, I know AC88 is A+++++++++++++ book and that you jizz on the mention of their name, it is fine.

  26. #26
    PunterLog
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    Quote Originally Posted by Alfie White View Post
    After what happened with Matchbook, OX and FE? Betfair would never want ANY action from AC88 and I can't imagine any other Betfair whitelabel partner "teaming" up with AC ever again.

    Yes, Kona, I know AC88 is A+++++++++++++ book and that you jizz on the mention of their name, it is fine.
    There are quite a few mistakes in your post.

    1) AC wasn't the only broker who stopped providing Matchbook accounts. Betinasia and PT have also stopped providing it. As far as i know, Sportmarket is the only broker that's providing matchbook accounts now.

    2) OX? I think you meant 9wickets. That was due to the article on FT. This was a blow to AC, i agree.

    3) FX - It's pretty clear to me that AC sided with the customer in the dispute and FX wasn't willing to provide more details as to why they seized 37K. If anything, it makes FX look bad here.

  27. #27
    Alfie White
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    1) What is your opinion, why did that happen like that?

    2) No, I meant OrbitX, AC has been giving OX for years; then they moved to 9W; then to FE.

    3) Do you really think AC would "side" with the customer and lose massive business in terms of offering FE? You are in deep waters here as your understanding is not very pinpoint precise. I think AC would do all they can to return the funds, but given that MB, OX, 9W and now FE closed the door to AC, that, TO ME, means AC's business is not welcome anymore given their practices that have been brought to the public via FT.

    Again, I feel like BF is forbidding any white-label partner to offer access to AC given the FT and white-label issues that have happened in the past.

  28. #28
    littlekona
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    Quote Originally Posted by Alfie White View Post
    1) What is your opinion, why did that happen like that?

    2) No, I meant OrbitX, AC has been giving OX for years; then they moved to 9W; then to FE.

    3) Do you really think AC would "side" with the customer and lose massive business in terms of offering FE? You are in deep waters here as your understanding is not very pinpoint precise. I think AC would do all they can to return the funds, but given that MB, OX, 9W and now FE closed the door to AC, that, TO ME, means AC's business is not welcome anymore given their practices that have been brought to the public via FT.

    Again, I feel like BF is forbidding any white-label partner to offer access to AC given the FT and white-label issues that have happened in the past.
    if Orbitx was fixed to run like 9wickets desktop and mobil site did that would solve all problems as Orbitx has most markets...That one article really messed up AC88 up...Wonder if betfair will be offered in Iowa, Indiana and Illinois soon

    BTW yes I jizzzz all over the exchanges need em bad for UK races as usa tote odds are awful

  29. #29
    dealer wins
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    All this industry wide shit and having to use agents because governments wont let their citizens spend their hard earned money on what they want too.

  30. #30
    littlekona
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    Quote Originally Posted by dealer wins View Post
    All this industry wide shit and having to use agents because governments wont let their citizens spend their hard earned money on what they want too.
    Right....I can own weapons of war and as much ammunition as i want BUT not make a Bet legally....USA Dems and Republicans all BS...They are all for personal freedom as long as its one they agree with

  31. #31
    thespeculator
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    Quote Originally Posted by littlekona View Post
    Right....I can own weapons of war and as much ammunition as i want BUT not make a Bet legally....USA Dems and Republicans all BS...They are all for personal freedom as long as its one they agree with
    Well said. All parties are just like wrestling work. Put on a show , but on the same side

  32. #32
    Optional
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    Quote Originally Posted by Alfie White View Post
    1) What is your opinion, why did that happen like that?

    2) No, I meant OrbitX, AC has been giving OX for years; then they moved to 9W; then to FE.

    3) Do you really think AC would "side" with the customer and lose massive business in terms of offering FE? You are in deep waters here as your understanding is not very pinpoint precise. I think AC would do all they can to return the funds, but given that MB, OX, 9W and now FE closed the door to AC, that, TO ME, means AC's business is not welcome anymore given their practices that have been brought to the public via FT.

    Again, I feel like BF is forbidding any white-label partner to offer access to AC given the FT and white-label issues that have happened in the past.
    They still have OrbitX. It was 9wickets removed after the Financial Times article about them.

    So I doubt it is anything to do with betfair directly.


    I thought it appeared like AC dropped this Fairexchange mob due to this player complaint too. I have not spoken to them about it and don't know any more than anyone else here though.

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  33. #33
    Kz1988
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    Quote Originally Posted by Optional View Post
    Please send in a Sportsbook Complaint form and we will try to find out more for you.

    https://www.sportsbookreview.com/sportsbook-complaint/
    Thanks, have finally done so. No further news from asianconnect about it currently.

  34. #34
    jjgold
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    please stay away from 3rd party sites

    ZERO REGULATION

  35. #35
    Alfie White
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    please stop posting

    ZERO SENSE
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