I understand there is no legal requrement for them to be licenced by malta and I understand malta is impotent at this point what I am saying is they SAID they were following Malta rules and regs. That is the agreement we deposited our money under. When you lie to people in order to get them to deposit money and you know you are lying this is FRAUD. Or at least I believe it is. Thats what I am trying to clear up here.

UK Fraud Act 2006: taken from Wikipaedia.

"Fraud by false representation" is defined by Section 2 of the Act as a case where a person makes "any representation as to fact or law ... express or implied" which they know to be untrue or misleading.

"Fraud by failing to disclose information" is defined by Section 3 of the Act as a case where a person fails to disclose any information to a third party when they are under a legal duty to disclose such information.

"Fraud by abuse of position" is defined by Section 4 of the Act as a case where a person occupies a position where they are expected to safeguard the financial interests of another person, and abuses that position; this includes cases where the abuse consisted of an omission rather than an overt act.

In all three classes of fraud, it requires that for an offence to have occurred, the person must have acted dishonestly, and that they had to have acted with the intent of making a gain for themselves or anyone else, or inflicting a loss (or a risk of loss) on another.

It's not simple.

Misleading advertising would be easier to prove perhaps, but that won't help players get money back.

If the company doesn't have the money, then the only source will be insurance policies held by the company or directors or under extremely unusual circumstances, the Nomad.

But the ceo got s*** load of moneyfor driving PL to bankrupt city. If they directed the cie with the players money in backup, maybe that could be interpreted as fraud. Maybe looking at accounting books could prove that they relied on players money to run the cie.

Just hope that the ceos get prison time for it. Players still wont get their money, but a form of justice would be made.

A simple regulation that would greatly reduce such incidents is to require poker sites to publish financial reports, like brokers.

Just to clear one thing up - in order to be able to offer gambling products in the UK you have to have a remote gambling license from an approved regulator. The EC approved ones are Gibraltar, Alderney, Isle of Man, Malta. They could not operate in the UK and other EC countries without a license.

I think what the situation is that PL never themselves claimed that funds were segregated. They stated they were licensed by the LGA and it was the LGA who said that funds were segregated. As far as the segregation issue is concerned it is Malta who are entirely at fault over this. Unless PL directly said in a very clear way on their website that funds were segregated then PL are not primarily at fault over this.

Really the way forward is to take legal action against Malta against their false claims. If it does turn out that PL have made losses of several millions then I would expect some sort of case against Malta to happen. However it's possible they have some kind of immunity from prosecution or something, or that the maximun sanction would be a modest fine.

Basically we've been screwed by the system and the LGA has long been a corrupt jurisdiction unfortunately. Bryan Bailey at Casinomeister has been highlighting the problems in Malta for two years now.

I don't think it matters whether they said the funds were segregated or not. They advertised the site as a place were you can deposit money to gamble with. It turns out that it was actually a site where we deposit money, they pretend you are gambling with your money when in fact they are using your money to pay their salaries.

Our last chance is to pressurize Mediacorp through Intabet.
This site is their new business.
We have to threat them, that we can shame this name Intabet everywhere.
In every country they are going to supply, every gaming, gambling, sportbets forums, sites, we are able to inform customers who they really are and what they were doing.
They have to give credit to our voice, so everybody who is involved has to activate himself.
They bought for £1.53m million Intabet from our money.

First step:
Write an email what you can do to set back, shame Intabet in your country or community.
Here are their email address:
info@mediacorpplc.com

If they claim to be regulated by a place that needs segregated accounts this can be taken to mean they are implying the funds are segregated.

+1

The two largest shareholders of Media Corp are a pair of brothers: Jason and Justin Drummond (also the company's former CEO and chairman).

Apparently Jason is a ridiculously wealthy internet tycoon who was involved in this high-profile tax evasion case. More on the case can be found here and here (halfway down the page).

Just throwing this out there in case someone decides to make "...isathief.com" sites for these guys.

F**king disgusting. I'm sorry for those affected.

He is Justin Drummond our scammer:

http://www.blinkx.com/watch-video/ju...z8iqdCZKfy_JXw

I withdrew all my funds from there about 18 months ago when I noticed that they charge 4% vig for cashouts through "currency conversions" and misstate the rakeback percentage as 50% when it really was about 33%. Lots of the more reputable affiliates denied to work with them as well and ultimately they got kicked out from the Prima network for offering under the table rakeback deals and moved to Entraction shortly before going udner.

It kinda amazes me that these folks think they can just steal a bunch of money from people when they have their faces in public and live in an easily accessible place like London.

I definitely slapped people for less.

Anybody got an email or recorded conversation or anything, containing them cofirming having no financial problems? They assured me many times about it, but i have nothing recorded left. I spoke with a former asset liquidator and he told me that if the where claiming that they are doing financialy well, and our money is safe and secure, then that might be a proof of illigal trading. If illigal trading is proved, then thats ppremise to legally pursue the owners.

¨
Well, I copy/pasted a couple of conversations with their chat support to a text file. They didn't explicitly claim no financial problem, but they definitely gave me a (false) sense of security. Here are excerpts of the two conversations:

and

This is from a poster on Casinomeister (http://www.casinomeister.com/forums/...tml#post477089):

When I asked why am I not being paid, I've been replied (via e-mail):

You certainly didn't sound very disturbed in those conversations about the fact that you had been waiting for 1 month for no reason and they couldn't give a timeframe for the payment.

I'm not saying it's your fault, but the way I see it was you giving them assurance... that you're not really bothered by the delays.

This is true and in hindsight I should probably have realized that something was very wrong. But I was travelling in South America at the time and had no urgent need of the money, so I thought it best to stay polite and calm in the chat.

Furthermore, it didn't seem like the person I chatted with was at fault - and I despise when people who go off on other people for stuff that is not their fault.

Hi. Purple lounge owe me a large sum of money. Anybody in a similar situation feel free to PM me if you like.

Gl to everybody.

fwiw, they did pay affiliates for february on 3april.

Im moving out of london in a week, but if i stayed longer i wold create a group of players to share costs, get a solicitor and maybe proceeed. Anybody here that lives in london? I will still try to speak with some liquidation specialist solicitor, to see if this have a chance.

What if we all wrote letters to the nevada gaming commission suggesting they deny IGT's licence application? IGT owns the entraction network and is a 5billion dollar US public company. They allowed purple lounge to steal from us and have also taken no responsibility. Not the kind of network I think should be getting a US license.

If they felt there was a chance their license was in jeopardy maybe they would step up and do the right thing.

That is the best suggestion in the entire thread - the gaming commission makes a final decision on the 21st - people who have lost money should write and copy in Robert Melendres, executive vice president of IGT.

http://www.lasvegassun.com/news/2012...aming-license/

Any ideas on where exactly we should email/mail this letter??

Before they kicked off, they had a VIP manager etc. Cashouts were ok but I think their casino site wasn't covering their poker wins/losses.
Leaving Microgaming is obvious a big sign as no site wants to voluntarily leave it for Entraction + a big 1k reload bonus

What disgusts me is that ''public'' listed companies is not a safe label anymore apparantly as is the Malta license who ''silently'' got revoked.

I'm willing to send an email to whoever you want me to send as an ex-customer