Quote:
Originally Posted by jrr63
I think this is correct - when live died I signed up with an agent in Jacks Up Club, part of Diamond Union I think. He told me "I'll stand behind x$ myself".
and I know he's good for that. Whenever my roll gets over that he says "let's take some off". I'm really not worried myself for a few K having been through the UB thing for a lot more money. But the risk is real I think.
As I said its very difficult for unions to ever steal from clubs, not to mention they're not really incentivized to do so.
What generally happens in these scam horror stories you hear is a club owner goes rogue with everything and doesn't pay his super agents/agents and then the agents feel no reason to pay out the funds they have liquid.
What will often happen as well as the club owner will go belly up and then agents will scatter with deposit money.
The reason people get 5k in venmo from 10 different people is due to 1.Limits
2. People spending money that they shouldn't.
The majority of clubs run their operations HORRIBLY.