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Withdraw Cancelled because of Transfer Despite Thousands in Rake Withdraw Cancelled because of Transfer Despite Thousands in Rake

04-21-2013 , 04:28 PM
Quote:
Originally Posted by imjustshane
If a person goes onto a forum creating several threads and making several posts about how Lock is going down and everyone needs to get their money off ASAP and then turns around and buys hundreds of thousands dollars worth of Lock funds I think its fair to say they manipulated the market for profit.
If this were a stock market it would be "insider trading"? But then again it's not a stock market.
04-21-2013 , 04:29 PM
Quote:
Originally Posted by imjustshane
I have been trying to avoid posting his information here, but OP continuing to post small snippets of information that distort the picture of his situation has forced my hand to post more.

His total net amount is $247,672

More damning evidence also comes from the fact that a large portion of his outgoing transfers went to the account that received the most transfers.


And again the transfer policy isnt new, its been in place for several months.
Just ask his permission to post it then post it. If he declines then we ITT wonder if he's FOS. Operating in a transparent manner using hard facts and evidence in these situations is always better than the alternative, unless you have something to hide or there are legal ramifications (if you're in a situation where it's the latter then there's no reason you can't say that).

In other words, we don't know damning evidence is damning if we don't get to see it and there's no reason why you couldn't just ask OP if you could post it in the first place, no need for hedging.
04-21-2013 , 04:32 PM
Something is super fishy here in lock's end, shane needs to answer whether or not the net proceeds from transfers were used to play poker, I mean if received 150k in net transfers last summer and lost them at 20kNL and 40kNL, what did he do wrong?
04-21-2013 , 04:33 PM
Quote:
Originally Posted by thejuggernaut
and in case you missed it again:

This accounts for ~150k of the net.


Care to attempt to spin this again a legitimate player further?
If you were indeed not linked to any of this and innocent a forum on 2+2 isnt where you will get the matter cleared up. As I first mentioned you need to contact security@lockpoker.eu
04-21-2013 , 04:35 PM
Quote:
Originally Posted by imjustshane
If a person goes onto a forum creating several threads and making several posts about how Lock is going down and everyone needs to get their money off ASAP and then turns around and buys hundreds of thousands dollars worth of Lock funds I think its fair to say they manipulated the market for profit.
Yes, if people were doing this it is fair to say they manipulated the market for profit, but this doesn't hurt lock in the slightest and does not affect cashout times nor does it hurt anyone other than those who believed the rumors. The easiest way for Lock to prevent this is to simply process cashouts in a timely manner and then people will not believe these rumors. The only reason these rumors have any traction is because all the actions taken by Lock indicate that it is very likely they are going under. The fact that Lock prices have stayed so low for so long show that it is almost definitely not just due to a rumor but rather a systematic flaw with Lock as a company.
04-21-2013 , 04:37 PM
Quote:
Originally Posted by imjustshane
If you were indeed not linked to any of this and innocent a forum on 2+2 isnt where you will get the matter cleared up. As I first mentioned you need to contact security@lockpoker.eu
This seems to be the only place to get any answers from you or any other Lock rep. Why are you against addressing this issue in public?

It's also pretty ironic that OP's email said that the decision was final, yet then you say the way to solve it is to respond to them and ask them to reconsider their supposedly final decision.
04-21-2013 , 04:38 PM
Quote:
Originally Posted by imjustshane
If you were indeed not linked to any of this and innocent a forum on 2+2 isnt where you will get the matter cleared up. As I first mentioned you need to contact security@lockpoker.eu
Could you not facilitate this (facilitate resolving the matter one way or another I mean, not necessarily in OP's favor)? I struggle to see what the point is in your presence here, other than promotion and answering basic questions, if you're not actually here to solve issues. Customers hate nothing more than being redirected from one department to another, it's pure bureaucracy.

For an example of support done right, I had to phone Godaddy to find out why my hosting account hadn't been set up yet. When I got put through to one department he called up the necessary department for me and sorted it, he didn't tell me to call the other department or forward me to them. Perhaps it's not in your job description but Lock is not a huge company, there's really no reason for the disconnect.
04-21-2013 , 04:38 PM
Isn't a simple method just stating that the transfer amounts received requires a play through rate? In this case some astronomically unattainable amount.

Hopefully, the OP can make transfers to players who want to buy Lock dollars. But if there are lots of buyers he'll have to lower his price to compete with other sellers.

Last edited by DonSwanLeon; 04-21-2013 at 04:39 PM. Reason: punctuation, which I'm not good at
04-21-2013 , 04:46 PM
Quote:
Originally Posted by imjustshane
If a person goes onto a forum creating several threads and making several posts about how Lock is going down and everyone needs to get their money off ASAP and then turns around and buys hundreds of thousands dollars worth of Lock funds I think its fair to say they manipulated the market for profit.
Here's what actually happens.

When they start the false rumors, they hope it drives down the price of lock funds.

Then they place a buy order for lock funds, thus causing the price of lock funds to go up.

What they hope to accomplish, is by using the false rumor, it causes prices to fall MORE THEN the act of placing the buy order causes the price to rise.
04-21-2013 , 04:47 PM
Quote:
Originally Posted by imjustshane
If you were indeed not linked to any of this and innocent a forum on 2+2 isnt where you will get the matter cleared up. As I first mentioned you need to contact security@lockpoker.eu


Nothing I have posted was/is an attempt to distort the truth.

Your attempt to spin this/discredit me is pretty offensive/unprofessional. I hope people don't take it too seriously.

A simple look through my posting history can more or less confirm the nosebleed play last summer if that helps.

I have contacted security and have offered the same info provided here/am willing to answer any questions. I suppose I can deal with them directly, in private for now (and update itc as needed) as its doesn't look like this back/forth is going anywhere.

In return I expect my payout to be processed immediately or at least put back to its rightful place in line when this is sorted.
04-21-2013 , 04:49 PM
Quote:
Originally Posted by JohnFR
Something is super fishy here in lock's end, shane needs to answer whether or not the net proceeds from transfers were used to play poker, I mean if received 150k in net transfers last summer and lost them at 20kNL and 40kNL, what did he do wrong?
If he only received transfers to play nosebleeds and lost his funds playing then I imagine his conversation with the security team would be very short and his cashout would be pushed through swiftly.
04-21-2013 , 04:50 PM
Quote:
Originally Posted by thejuggernaut
I hope people don't take it too seriously
I hope you get a favourable result. Did you call the guys 1-800 number?
04-21-2013 , 04:50 PM
If you came on these forums and said, "people were starting false rumors to manipulate the price of lock funds downwards, and we've identified who is doing that, and shut them down"...people on here would be HAPPY that you accomplished this and I would be thanking you. (so belated thank you)

However, your horrible communication in this matter led to people being mislead and you actually upset your customers.

(in before someone points out my horrible typing/wording/spelling etc., thing is though, I'm not a "site rep" whose job it is to communicate with the public on a public message board)
04-21-2013 , 04:51 PM
Quote:
Originally Posted by imjustshane
If he only received transfers to play nosebleeds and lost his funds playing then I imagine his conversation with the security team would be very short and his cashout would be pushed through swiftly.
You have already stated that he was guilty of manipulation, and not using the money to play poker.
04-21-2013 , 04:55 PM
Not that it's conclusive proof I suppose, but mods are free to IP check for any posts that could be considered spreading false rumors coming from other accounts sharing my IPs.

Certainly aren't any threads/posts coming from this one that were not addressing legitimate problems/concerns.
04-21-2013 , 04:58 PM
Quote:
Originally Posted by JohnFR
You have already stated that he was guilty of manipulation, and not using the money to play poker.
i agree with johnfr . how is this mean ol juggrenaut bringing down lock. you know you got him by the short hairs locking up his account no pun intended. lmao im prob in the lowest 10% of sharpest. but even i can see what your doing here.
04-21-2013 , 04:59 PM
Quote:
Originally Posted by zachvac
This seems to be the only place to get any answers from you or any other Lock rep. Why are you against addressing this issue in public?

It's also pretty ironic that OP's email said that the decision was final, yet then you say the way to solve it is to respond to them and ask them to reconsider their supposedly final decision.
Quote:
Originally Posted by Alrighty Roo
Could you not facilitate this (facilitate resolving the matter one way or another I mean, not necessarily in OP's favor)? I struggle to see what the point is in your presence here, other than promotion and answering basic questions, if you're not actually here to solve issues. Customers hate nothing more than being redirected from one department to another, it's pure bureaucracy.

For an example of support done right, I had to phone Godaddy to find out why my hosting account hadn't been set up yet. When I got put through to one department he called up the necessary department for me and sorted it, he didn't tell me to call the other department or forward me to them. Perhaps it's not in your job description but Lock is not a huge company, there's really no reason for the disconnect.
The security team have spent all weekend digging through evidence and investigating this, they want players to contact them directly because they have the most information and are best setup to deal with enquiries about this.
04-21-2013 , 05:04 PM
Quote:
Originally Posted by champstone
i agree with johnfr . how is this mean ol juggrenaut bringing down lock. you know you got him by the short hairs locking up his account no pun intended. lmao im prob in the lowest 10% of sharpest. but even i can see what your doing here.
There are two concurrent conversations going on here, OP's specific case, and the general situation with whats unfolded today.

As I stated previously we have evidence that some players have been manipulating the situation, I have no evidence that OP was involved in this.
04-21-2013 , 05:07 PM
Quote:
Originally Posted by imjustshane
The security team have spent all weekend digging through evidence and investigating this, they want players to contact them directly because they have the most information and are best setup to deal with enquiries about this.
maybe we need a 2+2 mod im new here but we need some kind of 3 rd party what you think shane.
04-21-2013 , 05:08 PM
I talk with the OP a decent amount. Like 6 months ago he was actually defending you guys and giving reasons why it was possible you guys weren't busto and still weren't processing RoW cashouts in a timely manner. It's possible other sources were manipulating the price to drive prices down but I guarantee you this is not the case with OP. lol at you wanting him to contact security now just because the public isn't on your side but when the security department contacted him they said "This decision is final."

If you truly want to instill confidence in your money you should allow unlimited transfers and cashouts and also allow people to travel to your HQ and collect money from their account (maybe set a limit of like 6 figures for this option). Someone would almost definitely be able to "process" a ton of your cashouts for free. That only works if the money's there though...
04-21-2013 , 05:11 PM
Spoiler:

Spoiler:

Spoiler:

04-21-2013 , 05:13 PM
Quote:
Originally Posted by zachvac
I talk with the OP a decent amount. Like 6 months ago he was actually defending you guys and giving reasons why it was possible you guys weren't busto and still weren't processing RoW cashouts in a timely manner. It's possible other sources were manipulating the price to drive prices down but I guarantee you this is not the case with OP. lol at you wanting him to contact security now just because the public isn't on your side but when the security department contacted him they said "This decision is final."

If you truly want to instill confidence in your money you should allow unlimited transfers and cashouts and also allow people to travel to your HQ and collect money from their account (maybe set a limit of like 6 figures for this option). Someone would almost definitely be able to "process" a ton of your cashouts for free. That only works if the money's there though...

HUGE +1
04-21-2013 , 05:14 PM
Quote:
Originally Posted by champstone
maybe we need a 2+2 mod im new here but we need some kind of 3 rd party what you think shane.
I elect you if you can be unbiased

Last edited by DonSwanLeon; 04-21-2013 at 05:21 PM. Reason: added: I elect you if you can be unbiased
04-21-2013 , 05:20 PM
@zachpac I agree with you, but do you think the OP got caught up in something he didn't know was illegitimate?
04-21-2013 , 05:23 PM
Quote:
Originally Posted by DonSwanLeon
I elect you
lmao i thank you but im to dumb , but im know if shane was accusing me of driving down locks tradiding price or being shady if i found him im be in jail. so it seems if he casts a black mark on players name he should bbe held accountable no matter what the sponsers pay.

      
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