The Offshore Wire Forum > Offshore Gambling Information > Offshore Sportbooks > Grand Central yet to decide on the player's amicable agreement case |
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TOW
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Date Joined Mar 2005
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Posted 5/12/2005 9:35 PM (GMT -5) |
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The events took place between August 2003 and October 2004. The "amicable settlement agreement" was signed in February 2005 |
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raiders72001
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Date Joined Mar 2005
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Posted 5/12/2005 10:48 PM (GMT -5) |
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Agree with Dan here. You have to feel that the player wouldn't have received anything if he didn't accept the propasal and had gone to the forums for help first. |
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JC
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Posted 5/12/2005 11:26 PM (GMT -5) |
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I still don't see any mention of a bonus. What was the rollover for, just to insure they didn't investigate the account? |
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TOW
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Posted 5/12/2005 11:34 PM (GMT -5) |
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JC,
No bonus was offered for the rollover. The player was told to roll over his remaining balance to give the book a chance.... |
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JC
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Posted 5/13/2005 4:28 AM (GMT -5) |
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He goes to take out his money. For no reason he agrees to leave HIS money there and roll it over 10x before taking it out. What was his upside?
This is one of the craziest things I have ever heard. |
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TOW
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Posted 5/13/2005 7:14 AM (GMT -5) |
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JC,
Well, not really no reason...the original option was to roll it over or not to get paid..... |
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pier0
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Date Joined Apr 2005
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Posted 5/13/2005 4:53 PM (GMT -5) |
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A player scared of having no chance getting paid he would probably accept such a deal, but this guy already cashed 250,000 from them... |
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stumpage
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Date Joined May 2005
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Posted 5/13/2005 10:43 PM (GMT -5) |
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I'm not at all surprised by this case...Grand Central has a shady side to them to say the least. I used to have the misfortune of having an account at Sportsbook911, of which some of the lowlights consisted of...
*Rolling over my deposit the required 3 plus times, then being told that my bonus was being deducted later on when I cashed some out (You can never cash out the bonus, ever, so what's the point of a rollover?)
*Being informed that I was no longer going to be allowed to bet baseball props after a run of success, before being outright banned alltogether.
*Having my deposit via Neteller briefly confiscated while I was being investigated. The "crime" was that another person had made a deposit from Neteller at roughly the same time that I had, and since we were both from Canada, it seemed very suspicious. Honestly, that was the reason.....
Grand Central affiliates should be avoided, in my opinion... |
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TOW
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Posted 5/13/2005 10:51 PM (GMT -5) |
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Welcome to TOW Forum stumpage......
GC Sports uses the se called "sticky" bonus....its a non cashable bonus, however it does add up to your wagers.....
They definitely have a very tight risk management in place since October 2004, some players believe it to be way too conservative.....
The reason for which you account was placed under investigation seems odd. Merchants have a direct line with Neteller and they can verify depositors information almost in real time...
Thank you for sharing your experience with us.... |
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drunkguy
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Date Joined Mar 2005
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Posted 5/14/2005 3:19 AM (GMT -5) |
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Stumpage
that family of books is definitely one to limit you quicjly if you are winning, so your story about props is not surprising.
regarding the bonus, a "sticky" bonus can be nice if you know how to take advantage of it. Gives you some extra buying power. |
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drunkguy
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Date Joined Mar 2005
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Posted 5/14/2005 4:26 AM (GMT -5) |
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A few weeks ago a player filed a complaint with The Offshore Wire against Grand Central. He claimed having been forced to enter into a settlement agreement when he asked for his balance ( approx 125K ) and was paid 40K as final settlement.
Eventually the player produced copy of the settlement agreement ( click here to view the agreement ).
Grand Central confirmed the existence and execution of the agreement, yet denied any duress. The player had freely accessed and withdrew approx 250K before incurring in personal problems that lead him to spend some time in a rehab center. During this lapse of time the player did not wager with Grand Central.
When the player came out of rehab he asked Grand Central to wire him the remainder of his balance, approximately 125K.
His account manager stalled his payout request and asked the player to "give the book a chance" by rolling over the balance 10 times before withdrawing.
The player reluctantly agreed to this condition, but due to his financial distress, ended up asking for his money again after a few days.
He was again denied his payout and offered the following three options :
a) Continue with the rollover agreement;
b) Have his account locked down and investigated;
c) Receive 40K as full and final settlement.
The player, in need of money, opted to choose the offer of a partial payout.
Grand Central Counselor denies having perceived or having been told by the player that he was in financial distress at the time the transaction was taking place.
Grand Central management stated having suspected irregularities, alleging that the player might have operated in cahoots with one of their employees.
The player denied any wrong doing, and this has also been confirmed by Grand Central Counselor who stated " on the other hand, Mr. XXXX was adamant that he had participated in no irregularities".
Grand Central management confirmed not having pursued any internal investigation following their initial suspects, hence they confirm not having found any factual element to support alleged irregularities.
In this scenario, and given that there is no element to discard the legitimacy of the player's claim other than the intervened transaction which the player stated having been forced to accept due to his financial distress, Grand Central had promised to review the case. A final decision was to be released last Wednesday by Grand Central CEO. Eventually this has not been the case.
After having spoken to all parties involved we have come to the conclusion that on one hand the player mistakenly accepted the transaction offered to him, yet Grand Central has provided no element to support their decision to confiscate 85K belonging to the player.
The player shall be paid in full. We still believe Grand Central will decide to do "the right thing" and pay the player the remainder of his balance.
from TOW newswire |
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powers
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Date Joined May 2005
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Posted 5/14/2005 12:24 PM (GMT -5) |
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Hello,
Since I was the one at the company who was responsible for this case I will state just the facts from our side .
the player was paid out over 250k prior to the final payment of 40k (total 290k) total deposits of approx 20k
The players entire balance of 125k was sent to our Lawyers Escrow prior to any settlement arrangement
the lawyer handled the entire case to maintain integrity for both parties
The Player has a history of CC chargebacks (although they were settled through later deposits)
the player was not asked to roll over his balance to "give the book a chance"
the player was suspected of winning irregularities and was told that his play would be monitored prior to withdrawing any more funds.
the player opted to take a cash payment rather than be subjected to scrutiny.
the player admits and attests to in a notarized document that irregularities may have occured.
the player was not forced coericed or otherwise
Now that the player has nothing to lose he is claiming foul and violating the terms of the agreement in which we now have the right to sue for damages.
Alex Powers
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TOW
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Date Joined Mar 2005
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Posted 5/15/2005 7:20 PM (GMT -5) |
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DG,
I must admit I have been carefully evaluating the circumstances before deciding to temporarily leave the rating where it stands now. The case being discussed is isolated and confined at the time when the group was still seeking a steady direction. There are no reports of slow pays / no pays at this time, nor in the recent months, with the exception of a number of checks that bounced when Pay Manager, a processor out of Belize, went belly up a few months ago. All those debts, approximately $ 100,000, were honored within days from being notified.
Additionally I still believe wisdom and justice will prevail and Grand Central will pay the player. This is what I had been told by GC owner a week ago. I know the man, and have no reason to doubt his word as of yet. |
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drunkguy
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Date Joined Mar 2005
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Posted 5/15/2005 7:26 PM (GMT -5) |
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TOW
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Date Joined Mar 2005
Total Posts : 1753
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Posted 5/17/2005 10:33 AM (GMT -5) |
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Alex,
I'm still waiting for the document you mentioned. Thank you. |
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