Open Side Menu Go to the Top
Register
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation.

08-27-2009 , 02:14 PM
Quote:
Originally Posted by BigRounderXXX
Back in April 2008, I too was screwed by EL for $145,000, which they were unable to pay, all the while, Jo Remme was telling me that was wire was on the way.

My two threads on here have been locked and I was banned here as well.

I was one of the first to warn about EL financial problems (search: BigRounder72, that was me).

I hope a few that believed me then were able to save some of their BR.

*

Edit/MH: See http://forumserver.twoplustwo.com/sh...postcount=1346
\

BigRounder has once again been banned, he was banned in the past for spamming, we are not going to lift that ban.
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-27-2009 , 02:34 PM
Quote:
Originally Posted by *TT*
\

BigRounder has once again been banned, he was banned in the past for spamming, we are not going to lift that ban.
Why was he banned this time?

*

Edit/MH: Banned users are not allowed to create new accounts and continue to post.

Last edited by *TT*; 08-27-2009 at 02:44 PM. Reason: especially when the reason includes spam
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-27-2009 , 02:43 PM
Quote:
Originally Posted by TitaniumNutz
Back in March there was a thread about Eurolinx possibly going bankrupt after a player's large withdrawal request was delayed almost a month. The thread was deleted by 2 + 2. The user then made a thread about his EL account being closed for making that thread. 2 + 2 closed that thread too and banned him. Now who's laughing?
There were some posts that was deleted earlier this year that contained Eurolinx's banking information, but nobody recalls anything resembling a thread that was deleted, we delete banking information to protect the other players on the network who could be harmed by this (the recent Southern District of NY confiscation of over 40 million is an example). I searched our records and found nothing resembling what you describe, Mike Haven has apparently done the same, we also checked with Mat Sklansky, he doesn't remember a situation like you describe. Is it possible your thinking about 2008 with Big Rounder? Big Rounder isn't a good poster boy for this issue, he comes with a lot of baggage that I wont get into here in this thread because I dont recall what was disclosed publicly and what was disclosed privately, I would have to spend 2 hours re-reading the threads involving him to discuss that in detail, instead visit his past threads for details.

Quote:
Originally Posted by TitaniumNutz
I am playing with PokerStars and I never leave a high balance in my account. I cashout often and sometimes deposit often too if I have too. I am very satisfied with them but if they mess up a withdrawal, any withdrawal, I will post. Would I get banned for it too?
With 20,000 posts on the forums each day its not easy for end users to know the true reason when someone is banned, often its not as it seems. For making a post about Pokerstars processing you would not get banned (unless its a first post and the goal is to slander or post things that were previously edited out - we dont appreciate personal agendas against one company ala the ********** guy), thats a horse of another color), for making a post about Pokerstars processing that is legitimate while trolling elsewhere on the forum you might get banned for trolling regardless of the effect of your important thread. TwoPlusTwo rarely discloses the reason for bans, often a ban occurs for reasons other than what people might think. We would not ban someone who is complaining about a failed withdrawal, but that same person may have been tagged as a spammer for example and this is something that will not be explained to the users.

Last edited by *TT*; 08-27-2009 at 02:49 PM. Reason: If new details emerge please PM me so I know to check the thread, thanks!
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-27-2009 , 05:53 PM
At least some of the Merge Sites are taking notice of this thread. I notice that one of the newer sites on there has now posted publically that all players’ funds are safe and are held in a dedicated account. Shame this wasn’t the case for the damn MGS sites.

I know a lot of the people involved in this from Malta and I’m amazed at the duplicity of these people. Best of luck to all involved getting their cash back!
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-27-2009 , 06:41 PM
A SEPERATE FORUM NEEDS TO BE SET UP FOR THOSE WILLING TO DROP SOME DOUGH TO GET THEIR MONEY BACK. EVERYONE SHOULD BE WILLING TO SET ASIDE THE SAME PERCENTAGE OF THEIR ROLL TO CONTRIBUTE TO LAWYER FEES. HOW DO WE GET THIS BALL ROLLING? THE QUICKER THE BETTER!!!
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-27-2009 , 07:16 PM
[QUOTE=dbigmac1;12757057] I notice that one of the newer sites on there has now posted publically that all players’ funds are safe and are held in a dedicated account.


Does that do enough to offset your worries?

If it does, great.

Personally, I don't think it makes much difference: corrupt, non-corrupt and genuinely struggling sites currently have a motivation to post that message.
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-27-2009 , 09:40 PM
Lost 42k, pretty much my whole roll. I would also be interested if somebody's going to hire a lawyer and take action..
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-27-2009 , 10:26 PM
yeah, if someone reputable puts lawyers, investigators,whatever together, i will give whatever need be the % of my lost funds that are recovered. fwiw, i only lost about 1500
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-27-2009 , 10:49 PM
same here...had 34k in eurolinx...36k with linxpoints
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-28-2009 , 03:43 AM
Quote:
Originally Posted by j2sooted
yeah, if someone reputable puts lawyers, investigators,whatever together, i will give whatever need be the % of my lost funds that are recovered. fwiw, i only lost about 1500
+1

i will give % too

i have got 4266$

bye
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-28-2009 , 03:44 AM
+1

Dont know if this is posted before but LGA are investigating BetonBet

http://www.lga.org.mt/lga/content.aspx?id=157049
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-28-2009 , 03:54 AM
As I mentioned, I lost 13K and I am willing to donate also 10% for a lawyer or other type of action
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-28-2009 , 04:52 AM
Quote:
Originally Posted by theriversuxs
A SEPERATE FORUM NEEDS TO BE SET UP FOR THOSE WILLING TO DROP SOME DOUGH TO GET THEIR MONEY BACK. EVERYONE SHOULD BE WILLING TO SET ASIDE THE SAME PERCENTAGE OF THEIR ROLL TO CONTRIBUTE TO LAWYER FEES. HOW DO WE GET THIS BALL ROLLING? THE QUICKER THE BETTER!!!
The best option is to agree with a lawyer upon a percentage of the money recovered. If there is no money: no cure no pay. Would it be good to make a list on who wants to be involved and how much money everyone is stuck?!
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-28-2009 , 05:16 AM
Quote:
Originally Posted by theriversuxs
A SEPERATE FORUM NEEDS TO BE SET UP FOR THOSE WILLING TO DROP SOME DOUGH TO GET THEIR MONEY BACK. EVERYONE SHOULD BE WILLING TO SET ASIDE THE SAME PERCENTAGE OF THEIR ROLL TO CONTRIBUTE TO LAWYER FEES. HOW DO WE GET THIS BALL ROLLING? THE QUICKER THE BETTER!!!
There also needs to be a thread to organize a campaign against MG, get the word out... traffic on the site has dropped maybe 10% since EL went into liquidation. Imo every big poker community site needs to have a big banner on their site to warn people against whats going down on MG...
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-28-2009 , 05:35 AM
I am stuck 52$K and will gladly pay whatever percentage everyone is agreeing on. Have no experience of this whatsoever but is it realistic to think that a lawyer will work under those circumstances?
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-28-2009 , 07:03 AM
Quote:
Originally Posted by Edmuntus
The best option is to agree with a lawyer upon a percentage of the money recovered. If there is no money: no cure no pay. Would it be good to make a list on who wants to be involved and how much money everyone is stuck?!
the first thing that needs to be done is find a lawyer who will actually work on a "no pay, no cure"-basis. in my honest opinion, this is extremely(!) unlikely. not only is this a complicated case which could drag on for years, even if some headway is made, it's not at all clear whether there will still money to be returned in the end.

if you'll find it's not possible to find suitable representation on a no cure, no pay-basis, and I strongly believe you will, you'll need to remake the list and only include those who are actually willing to pay upfront, with the possibility of never collecting anything. that list might be a whole lot shorter.
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-28-2009 , 07:56 AM
I am also willing to join a group to hire a lawyer.
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-28-2009 , 08:28 AM
I'm in as well
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-28-2009 , 08:56 AM
Ok so we need to start a new thread with a list of names and $ lost per person.
Im sure if there is any chance of getting any money back there bust be lawyers interested as 10% of all these rolls is a lot of money.
Personally have no idea how to start the process but this cant just be ignored by all of us who lost our whole rolls.
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-28-2009 , 09:21 AM
You know if you give a lawyer 10% of your roll you lost, you probably won't see any money back at all. Id be suprised if there was any real amount of money left after liquidation etc considering employees are missing wages and business partners are out of money (including affiliates). A lawyer would be unlikely to work for 10% of what probably is nothing. Unless someone knows a way to get a lawyer pro-bono, its probably best to wait until we know what assets remain.


Edit: sorry for being blunt, but hiring a lawyer will not be to get funds back. You can get Joe Remme convicted with a lawyer, but liquidators are in charge of assets.

Last edited by MooMooMoo; 08-28-2009 at 09:29 AM.
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-28-2009 , 09:51 AM
I'm also in for hiring a lawyer.
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-28-2009 , 10:07 AM
Don't bother pledging a % of your EL cash. If you want a lawyer you're going to have to pay up front
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-28-2009 , 10:09 AM
i also don't mean to be blunt, but i really seriously think it's a lot more useful to determine who is in to pay, say, 10% upfront, without any guarantee of any success on top of the losses that were already incurred by the site going down.

everybody will want to join if they need to donate 10% afterwards of their bank there which is worth nothing at this moment anyway, and might be worth peanuts afterwards. But that just isn't how this thing is going to work. if you are actually seriously want to pursue this, some people will have to stick their neck out in a serious way.
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-28-2009 , 10:43 AM
Quote:
Originally Posted by bjw
the first thing that needs to be done is find a lawyer who will actually work on a "no pay, no cure"-basis. in my honest opinion, this is extremely(!) unlikely. not only is this a complicated case which could drag on for years, even if some headway is made, it's not at all clear whether there will still money to be returned in the end.

if you'll find it's not possible to find suitable representation on a no cure, no pay-basis, and I strongly believe you will, you'll need to remake the list and only include those who are actually willing to pay upfront, with the possibility of never collecting anything. that list might be a whole lot shorter.
Finding a lawyer to work on a contingency basis (no pay, no cure) will cost more than 10% of your rolls.

One of the most famous cases ever litigated ANDERSON v PACIFIC GAS & ELECTRIC as portrayed in the movie "ERIN BROCKOVICH", the legal fees were 40% of the recovery plus expenses.

The firms that take contingency based cases are large with deep deep pockets because they know that from the outset payday is years away.

They also only take cases where they know that the Defendant has the ability to pay if they win.

Because this a liquidation EL's assets will be controlled by the Liquidator.

That leaves as possible defendants, Jo Remme and MGS.

Jo Remme's remaining assets would only be attachable if fraud is proved otherwise he would be protected by the corporate shield. If there is proven fraud the Liquidators will be after recovering from Mr Remme. Then there is the problem of locating said assets, given the length of time, they could be very well hidden, never to be seen again.

That leaves MGS as the network provider, in my opinion another long shot as they have a "save harmless" clause in their licensing agreement which everyone agreed to when they downloaded the software.

I would think that hiring a lawyer on an hourly basis to litigate what could be a vey complicated case will cost upwards of $200K that the lawyer will want upfront.

I've written off the small balance I still had at EL and if I see 5-10% of it back in 2-3 years I'll just consider it a bonus.
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote
08-28-2009 , 11:08 AM
Quote:
Originally Posted by mellowman307
Finding a lawyer to work on a contingency basis (no pay, no cure) will cost more than 10% of your rolls.

One of the most famous cases ever litigated ANDERSON v PACIFIC GAS & ELECTRIC as portrayed in the movie "ERIN BROCKOVICH", the legal fees were 40% of the recovery plus expenses.

The firms that take contingency based cases are large with deep deep pockets because they know that from the outset payday is years away.

They also only take cases where they know that the Defendant has the ability to pay if they win.

Because this a liquidation EL's assets will be controlled by the Liquidator.

That leaves as possible defendants, Jo Remme and MGS.

Jo Remme's remaining assets would only be attachable if fraud is proved otherwise he would be protected by the corporate shield. If there is proven fraud the Liquidators will be after recovering from Mr Remme. Then there is the problem of locating said assets, given the length of time, they could be very well hidden, never to be seen again.

That leaves MGS as the network provider, in my opinion another long shot as they have a "save harmless" clause in their licensing agreement which everyone agreed to when they downloaded the software.

I would think that hiring a lawyer on an hourly basis to litigate what could be a vey complicated case will cost upwards of $200K that the lawyer will want upfront.

I've written off the small balance I still had at EL and if I see 5-10% of it back in 2-3 years I'll just consider it a bonus.
I'm guessing you're a lawyer. No offense, but you're not a very aggressive lawyer and you seem to scare pretty easily.

The MGS clause can be attacked very easily for a multitude of obvious reasons.

Based on the little evidence that has been presented thus far, piercing the corporate veil to attack Joe Remme personally is pretty much guaranteed and is a non-issue. In fact, if you sue for fraud, you don't even have to go throught he process of piercing the corporate veil. Remme is the easiest defendant in the whole case.

I'll agree with the difficulty of locating the money, but to say that "it's lost" is just absurd. You can subpoena the bank records and create a paper trail of the money.

Regarding the legal fees, I actually agree with you. No lawyer is going to take this on a purely contingent basis because there is a lot of work and the end result might not even be large enough to take the risk. I do think they could get a lawyer willing to do a part hourly rate and part contingency, so that the lawyer is guranteed some money but still has incentive to work aggressively.
Eurolinx w/d problems > UPDATE: Eurolinx seeks to put business into liquidation. Quote

      
m