This is my first post but I've followed this thread for the last 2 months. I was lured into BetOnBet in May/June with a 50% rb deal and now I’ve lost a low 5 figures.
Agree 100% with some other posters. The Linx Media Group were already a sinking ship, they bought BoB for one sole purpose, i.e. to get a hold of the player funds, meaning the scam was planned a long time ago. From what I understand BoB was always a very good and professional site before the LMG bought it.
Quote TrickyTree:
http://www.lga.org.mt/common/file_pr...30000&ext=.pdf
“The important point is this one.....40(1) A licencee shall keep players funds seperately from the licencees own funds in a Clients Account held with a credit institution approved by the Authority.
Now this means one of two things:
1. BetOnBet player funds are safe somewhere (rather hopefull i suppose)
2. Someone is going to face criminal charges for breaking this licence (more likely)”
TrickyTree: Very good digging and very good news if they were indeed licensed by LGA! This seems to be the case as LGA claims they are currently investigating BoB.
Point 38) is also very important. (considering Jokotokolino's post about Jo Remme admitting to have traded with player funds and that it went extremely wrong)
Jokotokolino: A recording of your phone call/s with Jo Remme would be a CRUCIAL piece of evidence to add to the ongoing investigation, it would prove that Jo Remme/BoB violated its LGA license on at least 2 points. I don’t know where you live but in my country the way to get this recording would be:
1. Tell your story to the local police/other relevant authority (some quick digging should let you know where you should file such a report)
2. Call/e-mail
abuse@dutchtelecom.uk (or whatever operator you are using) and tell the story that a criminal is admitting to a crime in this specific phone call. (if needed with help from the police/relevant authority)
As many others mentioned here, I’m also willing to chip in to get a good resolution on all of this. I think it’s safe to assume that everyone who lost some money in this is prepared to chip in 10% of what they lost, if there is a small chance that we will get it back, I’d do it simply to see the guilty ones go to jail. But to get something like this going, we need someone to run point.
TrickyTree: You mentioned before that you would like to run point on all of this and keeping us updated, that would be greatly appreciated. I think the first step should be to follow up on the ongoing LGA investigation of BoB. Primarily to make sure that there is a real investigation. Depending on the outcome of the LGA investigation, we decide what to do next. If you want to lead this (perhaps with help/input from fds), let us know and I suggest everyone who wants to join PM you. All posts in this thread is impossible to keep track of.
One thing I find strange though:
Why would Jo Remme (over the phone to one of the players he conned) confess that he traded with player funds and that it went extremely wrong??? It makes no sense unless he is outright stupid. This sounds like an excuse to me and may be misleading information to make us believe that the money is lost and gone.
Ps. I don’t really believe that this was a one-man show, it is just to big of a scam to be possible. Some guys at the finance dept. must have known what was going on, for example Kevin at the BetOnBet finance team which I guess most of us got an e-mail from saying that he would ask the banks to “reprocess our withdrawals” etc...
Ps2. Mee, thanks for all the information you are providing, it really helps to get a good picture of what actually happened.