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Old 01-02-2019, 10:29 PM   #26
Throwaway1217
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

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Originally Posted by synth_floyd View Post
These games are raked, right? Seems like you could make plenty by just running a legit poker group. You're paying $0 for the software and customer service is just one guy answering and sending text messages or emails.
You don't pay zero for the software as the owner of the club. It's actually not cheap.
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Old 01-02-2019, 10:34 PM   #27
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

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Old 01-02-2019, 10:35 PM   #28
synth_floyd
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

Oh, I thought it was just a play money site that people are using as a proxy for real money games. Like how a bunch of pros would play open faced chinese on a free app and then pay each other back later.
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Old 01-02-2019, 10:40 PM   #29
JW31
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

I doubt that itís a full blown Ponzi but being that these sites are unregulated and the way they take in money is not exactly legal I think they have to pay out in weird ways. With that said, I also highly doubt everything is 100% on the up and up there either and wouldnít be at all surprised if players funds were used for expenses in a small capacity. Although I guess if they are used in any capacity itís qualifies as a ponzi... lol.

Now theyíre trying to say these people cheated and heís bashing them on his IG account... not very professional.

Like I said in the other thread... I donít know why he gets so butt hurt when people call him out. He has been convicted of grand larceny... so when that happens youíre not exactly given the benefit of the doubt later down the road when things go sideways with the cash.
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Old 01-02-2019, 10:51 PM   #30
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

So if I have this right, Adam played on a possibly illegal unregulated site dealing with a scumbag convicted of grand larceny who is readily outed as a scammer, which he would also do again if he had to?
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Old 01-02-2019, 10:53 PM   #31
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

POKER PLAYERS. I posted in the PPPOKER section that I was paid from Pokerclubag. However would not suggest anyone to play here as I was biased that he had lots of followers and played on TV so thats why I sent him money to play. When withdrawing the few thousands I did, I was getting 36 dollar PayPals, the whole point of the PPPOker app is to have a trusted agent and to be paid as soon as possible, not like this grimy, hey when a player deposits they send it to you.


I am very confident that peteystaysfresh is also owners of this club. I am going to say now. If this player doesn't get his funds. I have about 8 to 9 transactions with companies that sent me Pay Pal that will be exposed so that nobody does any transactions or becomes a victim of these scammers.


Proof that peteystayfresh operates this club. https://imgur.com/a/FqIEOo0



https://imgur.com/a/8JaJ8rr Says all his customers are happy and get paid.


Their Instagram support says no requirements when it comes to withdraws https://imgur.com/a/Mfzb4dJ

Adnan and peteystaysfresh should be both charged with Money laundering, embezzlement and fraud.

His club is false, he always posts that the games are full, and shows a long waiting list. I would say maybe max 10 players at a certain amount of time. I will be the first to say yes I did post that he paid be but after reading this I guess it was because of the amount difference and just purely 2 crooks that need to be arrested.

NYPOKERKING AND PETEYSTAYFRESH.. IF YOUR READING THIS, I DON'T KNOW THESE PLAYERS THAT YOU TOOK MONEY FROM, BUT I STAND BEHIND THE POKER COMMUNITY AND REST ASSURE. I HAVE THE WHOLE TELEGRAM MESSAGES OF ALL TRANSACTIONS, ALL THE COMPANIES THAT SENT ME PAYPAL... HAVE NO PROBLEM EXPOSING IT.

Most poker players are losing players, so when they withdraw they are probably very happy. Let's be real most poker players don't withdraw often. For this guy to trust Adnan and Peteystayfresh with that amount of money and not to be paid is just insanely disgusting. The whole part of this PPPoker club is finding a reliable, reputable agent and being paid out almost instantly .
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Old 01-02-2019, 11:10 PM   #32
synth_floyd
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

I don't think it's that expensive to run a club. Seems like a few hundred dollars to create the highest tier club (most features and highest player limit) and you might spend a few hundred dollars on chips to send to people. But if people are playing with thousands of dollars then it only seems like a tiny amount compared to your potential profit.

I'm just confused on how they make money. I think the raked money goes to the admins who run the games, but how do they convert those chips back to real dollars? I guess they need new people to keep signing up so they can exchange them for the new players dollars?

Can someone explain how these clubs work?
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Old 01-02-2019, 11:20 PM   #33
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

receive 100k in deposits, rake 30k from accounts, profit?
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Old 01-02-2019, 11:42 PM   #34
zwang139
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

Quote:
Originally Posted by synth_floyd View Post
I don't think it's that expensive to run a club. Seems like a few hundred dollars to create the highest tier club (most features and highest player limit) and you might spend a few hundred dollars on chips to send to people. But if people are playing with thousands of dollars then it only seems like a tiny amount compared to your potential profit.

I'm just confused on how they make money. I think the raked money goes to the admins who run the games, but how do they convert those chips back to real dollars? I guess they need new people to keep signing up so they can exchange them for the new players dollars?

Can someone explain how these clubs work?
I have never played at pppoker but at pokermaster, they take 5% of your winning in EVERY winning session as rake. no rake taken for losing session. Let's say you sent the host $100 for buy in and win 100 ($200 stack), they will only send back $195. If you lost $50 ($50 stack), they send back $50.
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Old 01-02-2019, 11:46 PM   #35
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

I guess this is how NYPK funds his gambling habit on sports betting and buying his Bentley (if he even really bought one lol) the guys a liar and scammer
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Old 01-03-2019, 12:07 AM   #36
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

Inevitable run on the bank which will bring this all crashing down.

Hopefully those responsible are held accountable.
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Old 01-03-2019, 12:21 AM   #37
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

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Originally Posted by synth_floyd View Post
These games are raked, right? Seems like you could make plenty by just running a legit poker group. You're paying $0 for the software and customer service is just one guy answering and sending text messages or emails. I guess greedy people are gonna be greedy. It's full tilt poker all over again.
What I understand is the pay the software people some percentage of the rake

But this just shows what a total piece of **** NYPK is
Nobody should have to wait more than a few hours to get paid if they aren't just stealing money from the site over what they collect in rake

If they have such a problem paying out winners who crush the whales then just kick off the guys crushing the site but pay them first
Obviously the site makes more money if it's just all fish

I never played in ppp or any of these apps bc I worry about collusion ,the rng being legit and getting paid.
But if I were to play on one it sure wouldn't be one run by NYPK. I wouldn't feel comfortable leaving chips on the table to go to the bathroom sitting next to that sack of ****.
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Old 01-03-2019, 12:25 AM   #38
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

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Originally Posted by OMW2FYB View Post
I guess this is how NYPK funds his gambling habit on sports betting and buying his Bentley (if he even really bought one lol) the guys a liar and scammer

He's both the type to pretend to buy a Bentley as well as dumb enough to actually buy one if his entire networth was the cost of a Bentley+5 dollars
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Old 01-03-2019, 12:45 AM   #39
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

With pppoker it is a straight rake model (winnings taken as a % of the pot), 5% up to 1-3 bbs. The games are generally quite soft but you never want to keep more than 5-10 buyins on the site because of the prospect of exit scams.
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Old 01-03-2019, 12:51 AM   #40
HeadsUpMaster
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

WOW Adnan is Dumber than we thought and a bigger scammer than we thought. I spoke with Sizzle and he said he got very little money so if Slizzler who is the victim of the 20 k was a cheater why would he get a very small amount..

https://imgur.com/a/NOftICA Adnans respond. Says both are cheaters yet has paid a very small amount.. terrible person.
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Old 01-03-2019, 02:11 AM   #41
Kanadian
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

I just can't get over how ****ing stupid all of you are.

Poker will never die, lmao.
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Old 01-03-2019, 03:01 AM   #42
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

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Originally Posted by borg23 View Post
He's both the type to pretend to buy a Bentley as well as dumb enough to actually buy one if his entire networth was the cost of a Bentley+5 dollars
spot on
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Old 01-03-2019, 03:18 AM   #43
chocLatee
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

Thatís a lot of cash to put on a sketchy site.
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Old 01-03-2019, 04:10 AM   #44
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

Shady and scamy af

That trully amazes me how people still give credit to that crook called NYPK
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Old 01-03-2019, 04:19 AM   #45
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

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Originally Posted by thedylan View Post
Not sure if someone posted this but this is what we call a Ponzi scheme!

https://imgur.com/a/R7onAv1
Quote:
Originally Posted by synth_floyd View Post
These games are raked, right? Seems like you could make plenty by just running a legit poker group. You're paying $0 for the software and customer service is just one guy answering and sending text messages or emails. I guess greedy people are gonna be greedy. It's full tilt poker all over again.
I would love to run a site or a group... But unless I made the software myself or was run and owned by me, I would never do it... I wouldn't trust the developers, be too afraid of super users etc..

The way the payouts work is totally like a ponzi scheme... I highly doubt they are accounting for things properly... For any kind of poker room being online or in person, every chip in play should have some kind of cash backing it up...

At some point funds are going to need to go directly to the club owner... Otherwise they are not getting paid. Yes they are taking a rake, but if someone sent a different player $200 to get $200 worth of chips, no money is going to the club owner out of that. Even if the full $200 gets raked, the money was paid to someone else as a "cash out." So at some point, money had to be sent directly to the club owner.
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Old 01-03-2019, 04:22 AM   #46
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

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Originally Posted by chocLatee View Post
That’s a lot of cash to put on a sketchy site.
Well, technically it was never put on the site... it is sent to someone else to fulfill their cash out...
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Old 01-03-2019, 05:06 AM   #47
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

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Originally Posted by Throwaway1217 View Post
Hi, this is Adam.

I played on NYPK's site about a year ago, turned a $300 bitcoin deposit (i had some to spare at the time) into about $1700. It took a few weeks get paid, but I got paid.

I didn't play for about 10 months for various reasons, but found some time in October 2018, and figured I'd try to do it again.

I ran well to start, and the 1/2 and 2/4 games (PLO) were phenomenal action. The games on the site play up to 500bb buy in, and it seemed people were treating 1000bb stacks like play chips.

I never intended to give myself a 43k liability to this site, but I ran up an $800 deposit to a LOT in October. Between October and November, they paid me out around 18-20k. I made another ~25k between November and the first week of December, while playing slightly smaller volume. They kept paying small amounts, but not enough to keep up with my play.

When my play slowed down and eventually stopped in December, they stopped paying completely. When i asked for expectations, they just kept saying I would get paid even if I don't play, but I should keep playing to get prioritized.

It's been a month since I've received any payments.

Now NYPK wants to say I have been cheating somehow. Really, if he doesn't want to pay me, that's his only out. He's asking his followers and fans for info on my play, and people are chiming in saying my play seemed sketchy. I recognize some of these people as fish I played with on the site. Of course I didn't cheat, or collude. I did bumhunt like a mf, because the whales were the whaliest. And they were plentiful.

Anyway, I'd do it over again because I still made a chunk of change. But the $43,511 belongs to me, and I guess NYPK is just going to use it to pay for his Bentley's new rims. I'm sure Adnan 'NYPK' will do it to the next guy that runs up a balance. Or, he could just pay what he owes and try to save his rep a little bit, or try to clear this up as a misunderstanding.
you were basically on a freeroll ($300 initial deposit)
you were given access to 2005 level poker games in the year 2018
even realizing 1/2 of your profits on this site is a better hourly than you would have made on any legit site. you basically played in a really good home game with a bunch of whales where the house rakes $25 out of every pot.
it's nice that you are warning other people about this scammer, but you knew exactly what you were getting into and i don't feel bad for you at all.
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Old 01-03-2019, 06:14 AM   #48
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

Quote:
Originally Posted by Hellmuth was right View Post
you were basically on a freeroll ($300 initial deposit)
you were given access to 2005 level poker games in the year 2018
even realizing 1/2 of your profits on this site is a better hourly than you would have made on any legit site. you basically played in a really good home game with a bunch of whales where the house rakes $25 out of every pot.
it's nice that you are warning other people about this scammer, but you knew exactly what you were getting into and i don't feel bad for you at all.


This Adam guy shouldn't have been playing poker in such sexy clothes
I thought we weren't victim blaming anymore?
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Old 01-03-2019, 06:44 AM   #49
Kilowatt
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

It amazes me that people trust these PPP rooms, especially when they're run by slippery characters.

You're literally counting on one or two dudes to manage their funds properly and not rip you off.

Furthermore, even if you're playing on a site backed by someone trustworthy, that software has never been proven safe, random, nor hack-proof, and it's very possible you'll get cheated by other players.

In other words, it's a bad idea.
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Old 01-03-2019, 07:24 AM   #50
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Re: NYPokerKing's online poker room appears insolvent and wont pay players.

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Originally Posted by Kelvis View Post
So if I have this right, Adam played on a possibly illegal unregulated site dealing with a scumbag convicted of grand larceny who is readily outed as a scammer, which he would also do again if he had to?
I find myself in the rare spot of agreeing with something Kelvis said.

also, not possibly illegal, absolutely illegal (at least in the US)

Quote:
Originally Posted by Kanadian View Post
I just can't get over how ****ing stupid all of you are.

Poker will never die, lmao.
Also, too much talk about how NYPK is a crook (which he is). That's not the problem here.

The problem is the entire concept of app based, real-money poker being run by some dude.

As Todd mentioned above, its not just the risk of not getting paid from ponzi scheme wizards, its that these apps are almost assuredly built with (or are added later) all sort so of back doors for the people that run them to exploit (god mode free for all).
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