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Nicholas Maderia Accused of Defrauding Poker Players and Running a Ponzi Scheme Nicholas Maderia Accused of Defrauding Poker Players and Running a Ponzi Scheme
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08-22-2024 , 08:55 PM
#1
MattSoleyn
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newbie
Join Date: Oct 2020 Posts: 35
I did an investigation into an alleged scammer and it's pretty bad what he did...

Quote:
HOPEDALE, MASSACHUSETTS, USA (Poker Uncensored) – Poker Uncensored has learned that Nicholas Maderia is accused of stealing money and defrauding multiple poker players. Mr. Maderia, who also uses the name “Nick Medar,” is alleged to have stolen thousands of dollars from people who used him as their agent to play in online poker clubs including PokerBros and ClubGG.

In July 2024, **** made allegations against Mr. Maderia, stating in a Facebook post[1] that Mr. Maderia stole $7,300 from him. Mr. Maderia, when asked about the money, then blocked communications from ****.

One source, who requested to remain anonymous, told Poker Uncensored that Mr. Maderia owed someone approximately $4,000. A person who reached out to Mr. Maderia to advise him to “settle up asap [as soon as possible]” with people he owed money to posted on Facebook that they were blocked by Mr. Maderia after providing that advice.

...

On August 21, 2024, Charlene St. John Devens publicly made allegations that Mr. Maderia is holding her money. In a post[3] on Facebook, she wrote: “Last night I asked him to send another portion [of my balance]. He said he would send it this morning. I asked him several times today. He ignored all my requests. When he did respond I asked him for my full balance… He blocked me on Venmo. He kicked me out of his club. He blocked me on Facebook.” Ms. Devens provided evidence that she had a balance of over $339 in the HYPERNOVA poker club.
Some players who have been defrauded by Mr. Maderia have considered reporting him to Federal authorities as they suspect that he is not paying proper taxes on the money that he has stolen from them and taken in rake from his online poker clubs. Additionally, by taking a rake from the games he runs, he may be in violation of additional Federal laws or regulations.

Another source, who asked to be kept off the record, described Mr. Maderia as a “con artist,” saying that he was running a Ponzi scheme by using player deposits to cover payouts. Made famous by Italian swindler Charles Ponzi, a Ponzi scheme enriches the schemer because they steal money invested or deposited for themselves while using future incoming investments or deposits to pay out others. The source indicated that Mr. Maderia would delay payouts to players so he could wait for deposits to come in to cover the payouts. In effect, Mr. Maderia is said to be stealing player’s money to use for his own purposes rather than keeping player funds safe and segregated. Ponzi schemes ultimately fail when the outflows exceed the inflows, and the runner of the scheme can no longer pay people out.

Full News Story: https://www.pokeruncensored.com/2024...efrauding.html
YouTube Live on the Topic: https://www.youtube.com/watch?v=ljUxcxw6WUw
Last edited by Mike Haven; 08-23-2024 at 06:33 AM.
Nicholas Maderia Accused of Defrauding Poker Players and Running a Ponzi Scheme Quote
08-22-2024 , 10:26 PM
#2
PugDolk
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centurion
Join Date: May 2024 Posts: 112
Quote:
Playing in an app game run by a broke guy who can’t cover a withdrawal in the hundreds
What are you gonna do, gotta lose that money.
Nicholas Maderia Accused of Defrauding Poker Players and Running a Ponzi Scheme Quote
08-24-2024 , 11:12 AM
#3
Lucy's Fur
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centurion
Join Date: Mar 2024 Posts: 175
Quote:
Originally Posted by PugDolk
What are you gonna do, gotta lose that money.
Hahaha, your username is funny, and I hope you have a pug, to make it even better.
Nicholas Maderia Accused of Defrauding Poker Players and Running a Ponzi Scheme Quote
08-24-2024 , 01:27 PM
#4
PokerZil
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enthusiast
Join Date: Jun 2024 Posts: 52
Quote:
Originally Posted by PugDolk
What are you gonna do, gotta lose that money.
What is even more funny is that its way more common than youd think. Busto gambling addicts running their own live/app games...
Nicholas Maderia Accused of Defrauding Poker Players and Running a Ponzi Scheme Quote
08-30-2024 , 12:29 AM
#5
JohnnyDough
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journeyman
Join Date: Dec 2018 Posts: 239
There are 3 guys in my home casino who are just a bad beat away from pulling the same scheme
Nicholas Maderia Accused of Defrauding Poker Players and Running a Ponzi Scheme Quote
09-19-2024 , 01:46 AM
#6
Burdzthewurd's Avatar
Burdzthewurd
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Carpal \'Tunnel
Join Date: Jan 2005 Posts: 12,259
I remember this kid when he was dealing Eastern Poker Tour - he spammed these clubs on FB to the moon. Glad I avoided, they looked sus from the beginning
Nicholas Maderia Accused of Defrauding Poker Players and Running a Ponzi Scheme Quote
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