Poker online doesn't often hit mainstream headlines very often, but the Bet365 Poker fraud became one of the exceptions. Even though it does not precisely bode well for on-line poker that mainstream followers are being exposed to Bet365's malpractices, it's still fascinating nonetheless.
Simply looking at media headlines within the past week, Poker Journal, Rip off Watch and the San diego Telegraph Magazine were just a handful of huge mass media agencies covering the Bet365 Poker rip-off that is currently being labeled a ponzi scheme.
Needless to say, any time a multi-billion corporation starts circumventing the practices of a typical company and putting online players cash in jeopardy, the scenario is bound to turn out to be big news. Now this is just not to state that Bet365 Poker had no purpose of paying online players back when they asked for cashouts, but the even larger issue is that they lied to them on how much cash was being kept.
Also, the ones at the top of the company were taking hundreds of thousands of dollars out to fatten their personal pockets, instead of preserving players' cash in the actual company where it belonged. One of the numerous cases that this scam has boomed to epic proportions is that a lot of people deposited cash into Bet365 Poker employing their PayPal account. The transfer went perfectly and was credited to the gamblers account.
The problem happened after the poker players logged in to start gambling when a browser window all of a sudden popped up claiming "Your Account Have Been Shut down Because Of Safety Issues".
Naturally the players went haywire and claimed their cash back immediately but the only respond from the Bet365 support was: "Sorry to say We can't refund the money until you mail security papers like Photo Identification, proof of address to us".
Chris, one of the countless players affected, told us "What kind of company is this...really??".
He goes on "These people approved the deposit in seconds but once logged in this specific message that account was shut down simply pops up", "I thought fine no problem, I will proceed to some other online poker network so I got in touch with their support who laughed and said, we simply cannot refund you before sending in all security docs have been sent in...After all, come on, I did not play a single game of poker before they stole my funds and closed the account."
We've got gotten numerous emails with equivalent reports on the Bet365 Poker Fraud, that they shut down players accounts after a validated deposit were made.
