Quote:
Originally Posted by ZeckoRiver
Even after knowing all of the above people where still complaining in lock thread that transferres where taking longer then the usual instant time it took to get transferred funds. I mean people in the know at 2 plus 2 are still transferring what chance do people not part of 2 plus 2 depositing on lock have? Madoff was able to run his company and bilk unsuspecting customers , people know about lock and are still depositing and transferring . I guess people really want to play poker and Lock and its pros are casting out nets catching unsuspecting minnows and even players in the know.
Thankfully 2 + 2 and its admin took a stance and pulled all of Locks adds and took away the legitimacy lock had being a part of the 2 plus 2 community.
I know, I was just pointing out that someone saying "you should have expected this, they accept US players" is confusing two completely different issues. If Lock went down because of a DOJ situation like BF, people would have very little sympathy (IMO) for players (US players especially) because you have to know you're assuming that risk in the current legal environment.
In this situation, we have a site that professed to keep players funds segregated but, apparently, has never proven this and has, in fact, REFUSED to allow independent verification of this assertion. After BF, there was a lot of talk about how critical having segregated accounts was. If the Lock T&S asserts the funds are segregated, casual players (assuming they learned about the importance of segregation after BF) could easily assume the site was safe.
My only real point was that it's apples and oranges to say "players should have known better" when you're talking about allowing US players vs. knowing about fund segregation and the growing evidence that Lock was lying through its teeth about this issue.
All this is predicated on the fact that if Lock can prove that player funds are still safe and segregated, they should do so. Immediately. Actually they should do it a year ago, but whatever.
I'm assuming they have been lying about player fund segregation because that's what the evidence suggests. So now we have a situation where it isn't enough that a site tells us their funds are segregated. We need sites to be willing to provide independent verification of segregation, and any site that refuses to do so should be called out on it immediately and people should refuse to play there.
Going forward if you decide to take a risk on a site that claims fund segregation but refuses to prove it (and you're aware of these issues), then it's hard to have a ton of sympathy.