Quote:
Originally Posted by CTPAX
Nope, not what I said. I mean, if you buy a piece/stake a proven scammer, it's only fair that your money is stolen.
He shouldn't be given a second chance, and hey, maybe those who staked him shouldn't be given a second chance either, because they kinda knew what they were getting into. You don't let him "run off", you expose him, troll him, tell everyone you know, whatever, just make sure it doesn't happen again.
Right now, there's a chance that everyone will be paid back and then he can go back to scamming, because he paid everyone back, didn't he? Only next time it may be for a more significant amount of money and he will actually disappear.
Once again, I don't know the inner working of your deal, but that's what it looks like to an outsider.
(off for a bit, will check later)
First off, remember that I didn't buy a piece of him during WSOP. He asked me for backing a long time before WSOP, he had several references I checked out, I even asked the guy who used to back him and they all said he had a kind of checkered past but that he was a good guy. If you really think I deserve to be scammed for that, I'm not really sure what to say.
As for the rest of your post, I just think you think of this whole situation way too black/white. I'll give you an example.
If on May 1st, Nick told me he spent all my money on hookers and blow and disappeared, and then I saw his staking thread in the Marketplace, I would have ****ing carpet bombed the thread(probably done some before too, but that's not the point I'm making). And MTTc. And twitter. And texted/tweeted those thinking about buying pieces. That is the time to troll, and tell others, and whatever else you are talking about.
But he has this thread. He has a website dedicated to him. He's been exposed in like 4 different forums now. That part of the story is over. All that is left now is people getting paid back. I'm one of those he owes. He can't pay me back without help. So it simply becomes a math problem for me, and in this case I think it is definitely +EV.
I really think people outside of the staking world don't realize how often stuff like this happens. It's really common. LOTS AND LOTS of guys have little weird things in their past, and usually there are two completely different sides to the story that are tough to piece together. Part of your job as a staker, is getting through those stories, interviewing the people, and deciding whether you think they are trustworthy. The concept that because you might get fooled, or because a situation may change and you get scammed that you somehow "deserve" it is laughable and ridiculous to me.
Last edited by ZBTHorton; 10-08-2011 at 12:14 PM.