The best parts of this thread is when bikeking posts very personal information for the world to see, people comment on it, then he rips into people commenting on it. Comedy gold.....

I myself am not surprised someone who had a couple dozen grand, or however much it was when he started sleeping in his car, was doing so. How much was your roll when you started sleeping in your car, bike? There are more people than we think who go to different extremes to reach their goals as fast as possible. In his vlog, bike received cost cutting advice from Negreanu, which looks like he took a "few" steps further. Lol. But it was helping him make good bankroll progress. So if it helped him get to 45k, I could see him still sacrificing and his eye on the prize of a high enough liferoll to move in stakes, play the main event, travel, etc.

I tell people I am a roofer. They never ask beyond that.

His story has massive holes.....

Every FDIC insured bank account in the United States is 100% protected against fraud like he claims. This was a stipulation to make Visa bank/check cards possible. It will take more time to get your money back compared to a standard credit card, but the bank is 100% responsible for transferring money out of someones account if its fraud.

I cant believe the OP thought he could pull off this bluff bull**** story. Surely he knew there are executive level bankers that are members of this forum.

the FDIC is consumer protection in case the bank goes out of business. It's not fraud or theft insurance.

As I already said...trying to BS a forum full of pro BSers does not seem smart. Woulda been better off disappearing from the face of earth than making this up

I'm sure he was using a FDIC insured bank. I was using that as a qualifier for it being a legitimate bank. LOL. I think I know what FDIC is. I've been a c-level banker for decades.

The op is not telling the whole story

Whole story is he moved out here with a few K, lost it all playing poker cuz he sucks, make up a story about getting robbed

A true story mixed with lies, lies and more lies.

The weird part of the story to me is the rental car company letting anyone pay cash for a rental car. They don't even let people under 25 rent cars, never mind with a denied credit/debit card. And why doesn't he have a credit card instead of paying cash? Pic of rental car receipt or it didn't happen.

This whole story just makes so little sense? There has to be parts that he is leaving out, right?

This. I thought the entire reason legit banks had FDIC insurance was to cover for nonsense like this (when it falls under $250,000).

I've known so many gamblers, poker players, traders, and NEVER once heard of a story such as this resulting in loss of funds and NOT being snap covered by the bank in question.

You thought wrong. That $250k protection from the FDIC is only to cover depositors' losses in the event that the bank fails. However, there are other federal laws that cover identity theft and losses from fraud.

I feel the same way. I hope that two things happen:
1) He get's is bankroll and life back to where he deserves it to be.
2) He wins his treble damage case and teaches the bank a lesson.

First of all, this is why we use safety deposit boxes for large amounts of cash that you need to keep liquid. I’m sure it’s not that hard to get a box in the vegas poker rooms or at a local bank. So much less likely for your physical box to be robbed than an account that can be accessed electronically.

I believe this story because from what he’s said it seems like he’s given so many people access to his account info. Any of these random “pros” he’s given cash to transfer him on Paypal could have hacked his Paypal or Venmo and got his bank info from there.

Also, the big red flag for me was this random “pro” who decided to GIVE AWAY a trip to Punta Cana, and hand picked you—why do you think you were picked? Who was this person and how did he transfer you the buy-in? Did you give him your bank account info or Venmo or whatever? That whole situation seems very suspicious—that person is my number one suspect for robbing you. Why would anyone give away a free package if they could easily sell it?

We hear this kind of story a lot and it’s because so many of the new, younger poker players are so naive and way too trusting of a community that is largely made up of degenerates, con artists and thieves. The first rule of being a professional gambler is to hold onto your money. That means maybe not trusting everything people say, especially those who seem to have tons of money themselves “so they would never steal from me,” and not posting and advertising how much money you have for all the world to see online and talking about what you do with all your cash to every random person you meet. How many people do you think knew you were homeless and didn’t like to carry much cash so you kept it all in the bank? Why make that info public?

People you meet in casinos are not your friends or business partners, they are all out for themselves and looking for angles unless and until they prove they can be trusted. This used to be common sense but apparently it’s not anymore. It’s not that you need to go around alone and be suspicious of everyone, just protect yourself and watch your back always. Sorry this happened to you, but you can prevent it from happening again. Don’t set yourself up to be a victim. If something sounds too good to be true it usually is.

I just hope when Bikeking gets his $43K back from the bank, he gets himself a "normal" place to live.

Sleeping in a car has fried his brain. If Bikeking doesn't take steps to rejoin the "real world" soon, his brain will be permanently fried.

This is so very true. In over a decade of playing poker, I have yet to spend time outside of the casino with anyone I have ever met in a poker room.

The person who did this potentially knew you were going to be out of the country for a time.

Did you blast this information out publicly on your vlog ahead of time? If so, it reminds me of the scenarios where someone announces they are going on vacation on facebook, then finds out their house was broken into.

Also, this scenario proves the value of maintaining accounts at 3-4 financial institutions, including some where you don't use the ATM or pay bills from so they are almost 100% secure.

Good luck.

ON the money! Great quote.

I also think Bike King is telling the truth. He does seem like an odd sort, but I really don't think he is lying about this.

Though I think if you live in your car to build your poker bankroll, you have to have a screw loose somewhere.

It is life EV- in innumerable ways..

It's been a few weeks now since this happened and I'm curious about what you've been doing with poker? Last time you posted you had like $2k in cash plus maybe $1k online plus had just won like $500 in a daily? What's happened since then? Get the roll up to $10k? Go broke? How many hours are you playing?

Im guessin he found a lawyer who told him to stfu for now

One reason the story sounds like BS is he said earlier in the thread he lost $43k but wasn't that upset about it.

I think I could recreate bike's "bank statement" in Excel in about 5 minutes if I was better at recognizing fonts. I was not sold.

Based on this story I called the 2 companies that I have investments with and they both have "voice validation". I opted for this. They recorded me and if anyone tries to withdraw by phone a "voice error" should kick in.

By online withdrawal they said that they would call and notify me about attempted transactions. With a checking account it's much harder so I try to keep as little as possible in the checking account.