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NO cash out if you received a P2P transfer! NO cash out if you received a P2P transfer!

04-30-2013 , 07:35 AM
i don't see how anyone can feel bad for shane. its pretty clear at this point that he is knowingly committing fraud.
04-30-2013 , 07:41 AM
Escrow on lock obv
04-30-2013 , 08:47 AM
Players cant get paid if they get a transfer, lock is refusing to pay players, lock does not have any money to pay players, lock is shady. Shane says all is well so I guess all is well. O ok shane that makes sense. Thanks.
04-30-2013 , 08:49 AM
Quote:
Originally Posted by imjustshane
As for the betting thing I find it kind of absurt that everyone keeps throwing out these random dates that they wholehearted believe Lock will go under by. To to prove the absurdity of these rumours I offer to bet against them. The fact that despite everyone agreeing with their forum posts that these rumours will prove true yet no one has taken the bet seems rather telling. Clearly people believe these rumours enough to post about them, but not enough to support them with an actual bet. And now we come full circle and say how awful it is that I offered to bet on the subject.

So people believe Lock will go under, they offer a date and set a line, but if someone stands against them and offers to take the bet that person is bad?

Im here still because I still believe in Lock, I know we will be around still past all these lines people have set and am willing to put my own money up to say so. I stand behind the room I represent.
Yes, you are the bad guy for this. Unless you are truly dense you should understand that it is in poor taste for you to engage the community in such a combative nature. I feel none of the sympathy for you that some others have expressed. You could represent Lock to the forum, provide information and offer assistance without sacrificing your integrity but you have failed to do so.
04-30-2013 , 08:54 AM
a site can live on many years after they have went broke, everleaf , ub,and ftp . so really would be a foolish bet imo. lock could linger on , along time taking deposits and not paying. its the nature of unregulated online gaming beast.
04-30-2013 , 10:24 AM
Quote:
Originally Posted by imjustshane
Meetings happened last week with the security team and management, you might recall me posting that security was asking I direct all questions to them because they had all of the information. It was their preference to continue with this model but I insisted that the 2+2 community weren't getting clear enough answers and they agreed to set aside some time to go over it while we are meeting on other issues this week.
The problem is not that 2+2 isn't getting clear answers -- support has been very clear in stating that no transferred funds will ever be cashed out.

The policy is the problem.
04-30-2013 , 12:02 PM
At this point, why is a reputable online poker site like Two Plus Two not openly coming out and condemning the actions of this online poker site? First, they are having trouble paying their own customers for cashouts dating all the way back to 2012. Now, they make it even HARDER for cashouts to occur and completely throw this on players, for no reason at all? Two Plus Two should ban lock poker and warn everyone to not play there. How is this still happening?
04-30-2013 , 12:05 PM
Quote:
Originally Posted by hankwhite69
You realize he doesnt HAVE to work for them right?

BTW anyone know how to change password on Lock??I cant figure it out for the life of me
Sure, but maybe he has a wife/kid/mortgage/Manolo Blahnik shoe addiction which prevents him from jumping ship until the next job is in the bag.

To figure out how to change your password, just email security@...I can't bring myself to do it.
04-30-2013 , 12:22 PM
Quote:
Two Plus Two should ban lock poker and warn everyone to not play there. How is this still happening?
Funnily enough if you had used your brain for half a second u'd probably realize:

a) lock is probably a ponzi scheme
b) the worst thing that can happen to the victims of a ponzi scheme is for the money to dry up and the ponzi scheme to collapse
c) 2p2 doesn't need to "warn" anyone. The information is laid out right here, in this subforum, plain for everyone to see. If someone doesn't see it or doesn't take heed of the warning signs then I'm perfectly happy for them to contribute to my getting paid back.
04-30-2013 , 12:26 PM
Quote:
Originally Posted by Jah Onion
Funnily enough if you had used your brain for half a second u'd probably realize:

a) lock is probably a ponzi scheme
b) the worst thing that can happen to the victims of a ponzi scheme is for the money to dry up and the ponzi scheme to collapse
c) 2p2 doesn't need to "warn" anyone. The information is laid out right here, in this subforum, plain for everyone to see. If someone doesn't see it or doesn't take heed of the warning signs then I'm perfectly happy for them to contribute to my getting paid back.
so your saying screw the rec or uninformed players as long as you get paid nice. maybe you should shill and recruit some new lock players to , just to be safe and insure you get paid. I guess selling out your fellow poker players is the norm, as long as you get paid. I cant say im hoping you get your funds off in time.

Last edited by champstone; 04-30-2013 at 12:34 PM.
04-30-2013 , 12:39 PM
Quote:
Originally Posted by nickj7777
i cant think of a situation where a company would allow an official representative in a public forum, bet against their own customers and potentially profit from them at the same time. especially in a situation, when the bet has to do with customer funds and at the same time his paychecks are derived through customer deposits.

just my opinion. no attempt to derail the thread.
I would be offended (and Lock would be offended, I'm sure) if Shane was betting that Lock was going to fold, but he's putting his own pocket change on the line as a vote of confidence that his employer will be able to pay out your winnings (or, for the two or three cynics on 2p2, to keep the panic down long enough for the rest of the rats to flee the sinking ship).

Shane aside, I don't think it's unethical for Lock to potentially profit off their customers' wagers -- that's their business model; they've been doing it the whole time. In fact, that's all of Vegas' business model.

If Shane's paychecks come from deposits rather than rake, run for the hills. Last I heard, they were claiming the player money was separated out, but I'd like additional confirmation of this.
04-30-2013 , 12:40 PM
Quote:
Originally Posted by imjustshane
It was their preference to continue with this model but I insisted that the 2+2 community weren't getting clear enough answers and they agreed to set aside some time to go over it while we are meeting on other issues this week.
This is incredible.
04-30-2013 , 12:40 PM
Quote:
Originally Posted by Jah Onion
Funnily enough if you had used your brain for half a second u'd probably realize:

a) lock is probably a ponzi scheme
b) the worst thing that can happen to the victims of a ponzi scheme is for the money to dry up and the ponzi scheme to collapse
c) 2p2 doesn't need to "warn" anyone. The information is laid out right here, in this subforum, plain for everyone to see. If someone doesn't see it or doesn't take heed of the warning signs then I'm perfectly happy for them to contribute to my getting paid back.
And how long have you currently been waiting to be paid back?
04-30-2013 , 12:49 PM
Quote:
Originally Posted by JonathanFisk
After reading this entire thread, I'm feeling a little sick to my stomach. I back a couple of players on Lock so I've sent/received low-mid 5 figures in transfers over the last few months. I have sold off a big chunk of my Lock in the transfer thread over the last few months but still have a decent amount tied up between 3 accounts(mine, 2 horses). I'm afraid that if they(horses) transfer their stakes back to me that I will not be able to cash any of it out. This would not be a problem to me if Lock$ didn't just plummet to <.40/$1, I would just sell it off in the transfer thread and take the expected hit to get my money in a timely manner.

So my options are to sell @.35 or attempt to cash out via WU and hope they don't flag it because of transfers. About to send an email to support explaining the situation and will update here as to their reply.
Well this is the email I received this morning...Time to shot take I guess!!

Hello,

Thank you for contacting us, a player is only allowed to transfer funds if they are being sent with the sole intent of the receiver using them to play. As such. balances from player transfers are not permitted for payouts, the only exceptions ever made are with a true staking account or affiliate earnings. This is reviewed on a case by case basis.
All our best,

Steven

---
CSR, Lock Security
04-30-2013 , 12:57 PM
Quote:
And how long have you currently been waiting to be paid back?
Personally, I've been waiting since the start of 2013 to get all my money off. But consider someone who plays high stakes or binks an MTT and has 100k to withdraw, 10k at a time with withdrawals taking 1, 2 then 3 months. By the middle of the year he will have withdrawn 30k with the expectation of another maaaaaybe 20k by the end of the year
04-30-2013 , 03:09 PM
So Lock Poker basically admit they have massive cashflow problems?
04-30-2013 , 03:15 PM
Quote:
Originally Posted by Jah Onion
If someone does take this bet of yours (idk if you've posted odds and a max amount u'd be willing to bet, if not please do) would you agree to both parties' money being held in escrow by a reputable third party?
No need to have a third party, it gets too complicated. If you guys agree to bet, you can guarantee payment based on your reputation. i.e. if you lose? However, I see what you mean about the third party... in case you win, right?
04-30-2013 , 04:34 PM
Quote:
Originally Posted by imjustshane
I'll gladly take that line. My sportsbetting has been terrible lately, an easy win like that would come in handy.

I'll put 10k up vs you or any lock pro still repping the site like a douche on twitter. Give me 2:1 odds that the people owed money on Lock will be paid the full balances as of April 1, 2014. We can work out the exact details.

cliffs: put your money where your mouth is and let's bet
04-30-2013 , 04:39 PM
Spoiler:
04-30-2013 , 07:08 PM
Quote:
Originally Posted by champstone
so your saying screw the rec or uninformed players as long as you get paid nice. maybe you should shill and recruit some new lock players to , just to be safe and insure you get paid. I guess selling out your fellow poker players is the norm, as long as you get paid. I cant say im hoping you get your funds off in time.
it ain't pretty but as I see it it's the best outcome possible for myself. But no, what I was saying was totally different. It was that there is no need for 2p2 to ban lock from having a subforum and no reason for them to "warn" people b/c the info is already here in every thread of this subforum. What I then went on to say was that if people read 2p2 and sign up to lock and deposit money without reading this subforum or in spite of reading it, then they pretty much deserve to lose their money and I'll take the small EV gain.

It's just like in poker where when recs/fish are too dumb to do something, we take their money and feel good about it.
04-30-2013 , 07:09 PM
Quote:
Originally Posted by DonSwanLeon
No need to have a third party, it gets too complicated. If you guys agree to bet, you can guarantee payment based on your reputation. i.e. if you lose? However, I see what you mean about the third party... in case you win, right?
I'm not sure whether you're being sarcastic or srs, but yeah that was the gist of it
04-30-2013 , 08:16 PM
Quote:
Originally Posted by Jah Onion
I'm not sure whether you're being sarcastic or srs, but yeah that was the gist of it
why does everyone always quote that clown so I have to see posts even though he's on ignore.
04-30-2013 , 09:16 PM
Quote:
Originally Posted by imjustshane
Im meeting with the security guys tomorrow or the day after, will have a definitive answer after that.
Did you guys meet today?
04-30-2013 , 10:15 PM
I didn't read any of this thread cause it sounds stupid. I am just responding to the title of this post.

I have received and sent several P2P transfers in the past and I have had no problems making any withdrawals. I have received three withdrawals in the past 3 months with no problems and the most recent one being 1 week ago.
04-30-2013 , 10:29 PM
Quote:
Originally Posted by The Horny Rhino
I didn't read any of this thread cause it sounds stupid. I am just responding to the title of this post.

I have received and sent several P2P transfers in the past and I have had no problems making any withdrawals. I have received three withdrawals in the past 3 months with no problems and the most recent one being 1 week ago.
Wow, what an incredibly useful post.

Maybe next time you should either read threads before you reply so you have a slight clue what you're talking about, or don't bother replying if you think "it sounds stupid", lest you come off sounding the same way yourself.

      
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