1. #36
    Breaker
    Breaker's Avatar Become A Pro!
    Join Date: 04-17-07
    Posts: 137
    Betpoints: 29

    Thanks, Bill

    Any updates on your negotiations with Cascade yet?

  2. #37
    White_Tiger
    White_Tiger's Avatar Become A Pro!
    Join Date: 08-29-07
    Posts: 465
    Betpoints: 54

    Yeah I wonder the same

  3. #38
    katstale
    katstale's Avatar Become A Pro!
    Join Date: 02-07-07
    Posts: 3,924

    Thought this was a sticky?? What happened?

  4. #39
    SBR_John
    Wisky
    SBR_John's Avatar Become A Pro!
    Join Date: 07-12-05
    Posts: 16,471
    Betpoints: 42225

    We are still working through many details. I know you guys need more info. I honestly believe a realistic payment plan settlement can be reached. But meanwhile we are preparing in case one can not.

  5. #40
    Breaker
    Breaker's Avatar Become A Pro!
    Join Date: 04-17-07
    Posts: 137
    Betpoints: 29

    Cool, John, thanks!

  6. #41
    katstale
    katstale's Avatar Become A Pro!
    Join Date: 02-07-07
    Posts: 3,924

    Quote Originally Posted by katstale View Post
    Thought this was a sticky?? What happened?

    Bump!

    And again, why was this removed as a sticky? Mods? It should be front and center until/unless/while it is resolved!

  7. #42
    Breaker
    Breaker's Avatar Become A Pro!
    Join Date: 04-17-07
    Posts: 137
    Betpoints: 29

    I did notice a couple of things about the spreadsheet:

    - The total doesn't add up (should be $929,839.31 right now instead of $897,380.92)
    - This entry totaly disappeared:
    TT CXX70 $4,271.00
    Did that one get paid?

  8. #43
    White_Tiger
    White_Tiger's Avatar Become A Pro!
    Join Date: 08-29-07
    Posts: 465
    Betpoints: 54

    Mod can you please stcky this again.

    Thanks.
    WT.

  9. #44
    Bill Dozer
    @BillDozer110
    Bill Dozer's Avatar Become A Pro!
    Join Date: 07-12-05
    Posts: 10,894
    Betpoints: 21705

    Quote Originally Posted by Breaker View Post
    I did notice a couple of things about the spreadsheet:

    - The total doesn't add up (should be $929,839.31 right now instead of $897,380.92)
    - This entry totaly disappeared:
    TT CXX70 $4,271.00
    Did that one get paid?
    That player bet his balance and lost it. You will probably see a bunch of adjustments as we get the list going. There was aother 22k account added today.

    If there was a payout of any amount it would be noted in green next to the account balance as was the case with the first account, A.M.

    I'll check on the spreadsheet calculations.

  10. #45
    Bill Dozer
    @BillDozer110
    Bill Dozer's Avatar Become A Pro!
    Join Date: 07-12-05
    Posts: 10,894
    Betpoints: 21705

    The spreadsheet should be updated now. The formula for the total was missing.

    We are going to make a Cascade forum for balance holders.

  11. #46
    HedgeHog
    HedgeHog's Avatar SBR PRO
    Join Date: 09-11-07
    Posts: 10,118
    Betpoints: 17057

    Nearly $1 million in debt with SBR followers alone. Imagine what the overall figure is! A consistent payout plan, whether you're owed $300 or 6 figures, would be wonderful. I don't know how realistic this is, but I truly appreciate the effort. Win or Lose, thanks SBR.
    Last edited by HedgeHog; 10-03-07 at 04:44 PM.

  12. #47
    SBR Lou
    SBR Lou's Avatar Become A Pro!
    Join Date: 08-02-07
    Posts: 37,863

    Bill, good idea with the forum. I have a request/suggestion. Maybe move this forum to below the capping forums? I'm so used to the NFL capping forum being in its spot under Players Talk, that I'm actually a little thrown off as I first load SBR. This is probably a really small detail but I'm so anal I notice things like this and it bothers me.

  13. #48
    Helmut
    Helmut's Avatar Become A Pro!
    Join Date: 03-17-07
    Posts: 356

    With the books cleaning up the last few weeks I would think Cascade could at least make some partial payments.

  14. #49
    suzysuzy
    suzysuzy's Avatar Become A Pro!
    Join Date: 04-05-07
    Posts: 181

    dont ask me why, but i called to talk to lenny. he wasnt there. i asked the guy who answered the phone if he knew they were criminals. he said yes. not expecting that answer, i asked again, he said yes again!!

  15. #50
    them45ter
    them45ter's Avatar Become A Pro!
    Join Date: 07-02-06
    Posts: 33

    Thanks for your efforts so far SBR, hopefully we will all get somewhere.
    Shocking total debt.

  16. #51
    katstale
    katstale's Avatar Become A Pro!
    Join Date: 02-07-07
    Posts: 3,924

    The only way you are gonna see movement on this is for legal action to begin and for bank accounts/assets to be frozen via court order. What is the hold up on the legal action? If you are gonna do it--pull the trigger already!!

  17. #52
    LVHerbie
    LVHerbie's Avatar Become A Pro!
    Join Date: 09-15-05
    Posts: 6,344
    Betpoints: 1973

    We are in the meat of football season and nothing seems to have changed much since the beginning of summer... As a spectator (luckily) it will be interesting to see where this ends...

  18. #53
    Walther Whalker
    Walther Whalker's Avatar Become A Pro!
    Join Date: 09-27-07
    Posts: 30

    Quote Originally Posted by Bill Dozer View Post
    The spreadsheet should be updated now. The formula for the total was missing.

    We are going to make a Cascade forum for balance holders.
    Will SBR then delete the whoe "Cascade Forum" when its over, much like RX did way back when with the New Age Bets Forum...

    Did SBR abandon its plan to sue Lenny and Cascade?

    Legal steps will be taken to stop this scam and recover whatever can be recovered.

    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. http://www.sportsbookreview.com/forum/betcascade...-37942-p5.html

    Those statements were made 1 month ago...

  19. #54
    katstale
    katstale's Avatar Become A Pro!
    Join Date: 02-07-07
    Posts: 3,924

    Come on Bill? John? It is past time. Lets get started. What is the hold up?

  20. #55
    Breaker
    Breaker's Avatar Become A Pro!
    Join Date: 04-17-07
    Posts: 137
    Betpoints: 29

    I don't have anything to back that up, but I'm guessing the holdup is the absolute lack of response from Lenny to the suggestions Bill makes for solving this.
    As Bill said in the "wow" thread:

    Our door is open for Lenny to start a very reasonable plan that we talked about but he hasn't pursued the next step. Nothing has changed and we will still pursue all options as this slow process comes together.
    Call Lenny to ask what the hold up is at 1 800 520 1812
    I'd do it myself, but I don't want to hear "your check will be sent out by the end of the week" one more time...

  21. #56
    suzysuzy
    suzysuzy's Avatar Become A Pro!
    Join Date: 04-05-07
    Posts: 181

    just called and asked what the hold up was. he says he doesnt have any money. funny how that changed from several different stories about it being tied up, etc, to that he's just broke.

  22. #57
    katstale
    katstale's Avatar Become A Pro!
    Join Date: 02-07-07
    Posts: 3,924

    Hey Break and suzyQ. My question wasn't what was the hold up with Lenny. (He committed the "hold up") My question was concerning the hold up on the legal remedies that should have started raining down on his head. So i want to know what is stopping Bill and/or John from turning loose any legal counsel they have retained. No need for Lenny to do anything as long as he can take in money from unsuspecting suckers.

    At a minimum, if SBR will proceed on behalf of the "class" their could be a shutting down of his thieving website, frozen accounts by court order, and restraining orders issued.

    Lets' get started? I repeat--why are you waiting SBR?

  23. #58
    Bill Dozer
    @BillDozer110
    Bill Dozer's Avatar Become A Pro!
    Join Date: 07-12-05
    Posts: 10,894
    Betpoints: 21705

    I spoke with Lenny today. Lenny wasn't happy with the minimal conditions we set for a very affordable payment plan and has decided to decline. Barring a change of hart by the end of next week, we will turn players who have chosen to be part of the class to legal counsel. One player will be chosen to represent the class. Players will receive an email tomorrow confirming that they wish to take part.
    Last edited by Bill Dozer; 10-18-07 at 11:09 PM. Reason: spelling

  24. #59
    THE HITMAN
    THE HITMAN's Avatar Become A Pro!
    Join Date: 06-16-07
    Posts: 2,373
    Betpoints: 16230

    Gee zus, just what this industry needs, another fiasco.

  25. #60
    Walther Whalker
    Walther Whalker's Avatar Become A Pro!
    Join Date: 09-27-07
    Posts: 30

    Quote Originally Posted by Bill Dozer View Post
    I spoke with Lenny today. Lenny wasn't happy with the minimal conditions we set for a very affordable payment plan and has decided to decline. Barring a change of hart by the end of next week, we will turn players who have chosen to be part of the class to legal counsel. One player will be chosen to represent the class. Players will receive an email tomorrow confirming that they wish to take part.
    kudos on the efforts and good intentions, SBR, hopefully Lenny will recover and hopefully everyone will feel okay about this event, things do pass in time, change happens

  26. #61
    cloudagh
    cloudagh's Avatar Become A Pro!
    Join Date: 04-08-07
    Posts: 486
    Betpoints: 100

    Bill,
    Thanks for the update. Any chance this can be used to revoke their operating license? He basically told you (and us) to drop dead, time for him to do likewise (figuretively speaking, of couse).

  27. #62
    coldhardfacts
    coldhardfacts's Avatar Become A Pro!
    Join Date: 10-19-07
    Posts: 717

    Appreciate your efforts to get us what's ours. Forgive my computer illiteracy, but how does one get a "screen shot"?

  28. #63
    Bill Dozer
    @BillDozer110
    Bill Dozer's Avatar Become A Pro!
    Join Date: 07-12-05
    Posts: 10,894
    Betpoints: 21705

    Quote Originally Posted by cloudagh View Post
    Bill,
    Thanks for the update. Any chance this can be used to revoke their operating license? He basically told you (and us) to drop dead, time for him to do likewise (figuretively speaking, of couse).
    Ideally the legal action shakes the apples from the tree and everyone goes on their merry way but it will be up to the group to decide how to utilize the power of numbers. On our end we will continue to put out warnings that a no-pay book is taking deposits.


    coldhardfacts,
    CNTRL and PRNT SCRN on most PCs or FN and PRNT SCRN on some laptops.

    You can also grab the ScreenShot Toolbar which does it for you.

  29. #64
    Carl Carlson
    Carl Carlson's Avatar Become A Pro!
    Join Date: 10-09-07
    Posts: 2

    Hello Bill,

    I think I sent you an email last night at assistance@sportsbookreview.com. Let me know if you have received it.

  30. #65
    crockpot
    crockpot's Avatar Become A Pro!
    Join Date: 03-23-07
    Posts: 5

    balance "adjustment"

    two months before the MLB season started, i deposited at cascade largely to bet their Rockies line at 100-1 to win the NL.

    nine months later, AFTER the bet was graded as a win at 100-1, they took $32.5k (of monopoly money) out of my account, saying that:

    CORRECTION/rockies +10000 to win the NL pennant was never made

    CORRECTION/Rockies odds to win the NL Pennant 35/1 for $500

    this isn't an entirely unexpected move given how they're operating, but i'm still stunned. how can you let a bet ride for nine months and then adjust the payout odds after it wins? and why adjust the balance at all when they won't process a payout anyway?

    i need to open a sportsbook in costa rica. it's a lot easier than handicapping for a living.

  31. #66
    Bill Dozer
    @BillDozer110
    Bill Dozer's Avatar Become A Pro!
    Join Date: 07-12-05
    Posts: 10,894
    Betpoints: 21705

    Quote Originally Posted by Carl Carlson View Post
    Hello Bill,

    I think I sent you an email last night at assistance@sportsbookreview.com. Let me know if you have received it.
    Hi Carl,

    I can not match your account up by screen name.

    I will put a link to the spreadsheet here in a few hours and email everyone with the name of the leader of the class.

    The highest balance holder has agreed to take this role. This person would be a perfect choice if he was not the largest account and will represent you guys very well.

  32. #67
    d2bets
    d2bets's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 39,777
    Betpoints: 21689

    Quote Originally Posted by Bill Dozer View Post
    Hi Carl,

    I can not match your account up by screen name.

    I will put a link to the spreadsheet here in a few hours and email everyone with the name of the leader of the class.

    The highest balance holder has agreed to take this role. This person would be a perfect choice if he was not the largest account and will represent you guys very well.
    How can we be assured that the largest balance holder won't receive payments ahead of the rest of the class due to his "role"?

  33. #68
    Bill Dozer
    @BillDozer110
    Bill Dozer's Avatar Become A Pro!
    Join Date: 07-12-05
    Posts: 10,894
    Betpoints: 21705

    D2,

    You will have to have confidence in the integrity of the legal representation and disclosure process. The voice for the group does not have the ability to work out private deals. Any payments should be presented to the group.

  34. #69
    Bill Dozer
    @BillDozer110
    Bill Dozer's Avatar Become A Pro!
    Join Date: 07-12-05
    Posts: 10,894
    Betpoints: 21705

    Quote Originally Posted by Bill Dozer View Post
    Hi Carl,

    I can not match your account up by screen name.

    I will put a link to the spreadsheet here in a few hours and email everyone with the name of the leader of the class.

    The highest balance holder has agreed to take this role. This person would be a perfect choice if he was not the largest account and will represent you guys very well.
    As you can see we are still looking for responses from over half of those who have reported being owed.

    http://spreadsheets.google.com/pub?k...jjl-C6bCFYp1MQ

  35. #70
    Breaker
    Breaker's Avatar Become A Pro!
    Join Date: 04-17-07
    Posts: 137
    Betpoints: 29

    And what if he does?

    As of now, nobody is getting paid.
    I asked Lenny yesterday to settle 13k owed to me and a friend for 8 cents on the dollar, pay 1k and keep the other 12.
    He didn't even want to do that ("everybody will be paid in full").

    So between

    A) The largest balance holder gets paid first and maybe some of us get part of our money after that

    B) Nobody gets anything

    I'll take option A

First 123 Last
Top