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Author Topic: ====== ONLINE GAMING CONSUMER PROTECTION cost free? ======  (Read 800 times)
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February 14, 2017, 04:39:33 AM
 #21

If you are owed $10,000 by a gambling company, how much % of the amount owed would you be willing to spend to enforce your claim?

Nothing because the fees you would pay for a lawyer are probably going to outweigh the money to be returned. 100% this case will be dragged for years in a court of law. Better to just brush it off and move on with your life.
In the pending Full Flush Poker Litigation 70:30 case, the percentage is 1,5% of the possible amount to receive, to bring this case to the court.

Based on what will this case be tragged for years in a court of law?

You can join a court case and move on with your life. There is no contradiction, especially if it is cost free or low cost. Smiley Or did I miss something?

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February 18, 2017, 06:25:14 AM
 #22

Considering all the issues every day, is it time for a cost free legal expenses insurance?

Secondly, they try to aware people of fraud and criminal online gambling (something people cry from all over the place), and they are also trying to get their money/rights back (people are talking about thousands, if not millions, of dollars, not some satoshis left here and there) or at least wipe some of the damage left from being scammed/stolen.

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February 18, 2017, 06:43:22 AM
 #23

US $ 100s of million are already embezzled or defrauded by online gaming and betting operators and you can read every day about new issues!

Do you think a legal expenses insurance would be helpful to enforce your rights and money?
I am not sure about it as i am small time gambler.It might be helpful for whales who spend a fortune gambling.

Are you willing to pay lawyer and court fees from your pocket, to enforce your money?
It all depends upon the amount of money lost.As you would not spend a huge amount to get pennies back  Grin

If a gaming or betting company owe you money, would you have interest to get it?
Most of the sites i play would reply if i start a support ticket and would rectify the issue as soon as possible.

We need to analyze the legal fees, if it can't cover my losses from the casino which is a scam, I would not spend money on this, people always get scammed, it is the necessary lesson.
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February 19, 2017, 08:20:25 AM
 #24

We need to analyze the legal fees, if it can't cover my losses from the casino which is a scam, I would not spend money on this, people always get scammed, it is the necessary lesson.
O.k., here are some numbers for you to analyse: Pending Full Flush Poker Litigation 70:30 no cure no pay case, to start a court case:

Quote
a) Invest $1,500 (1% court fee of $150,000) with the chance to receive $105,000 ($150,000 owed – $45,000 = 30% law firm contingency fee).

$1,500 of $105,000 = 1,4%! If the chance to win the court case is 1,4% or higher, it is worth to invest!

b) If the court judgement confirm the liability of the parties involved, then the law firm can refer to this court case and collect as well the lower amounts owed, which are currently around $50,000 in total:

Invest $1,500 (1% court fee) with the chance to receive $105,000 (IneedpaidFF) + $35,000 ($50,000 lower amounts owed – $15,000 = 30% law firm contingency fee) = $140,000.

$1,500 of $140,000 = 1,1%! If the chance to win the court case is 1,1% or higher, it is worth to invest!

Based on my knowledge and experience, if a law firm take a case on a contingency fee basis, the expected chance to win the case and receive money is at least around 25%.

Invest 1 to 1,5% of the possible amount to receive, while the chance to win the court case and receive money is at least around 25%: Does this sound good?

Would you do this?

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February 24, 2017, 10:18:41 PM
 #25

Do you have interest for a cost free online gaming consumer protection service to enforce your rights and money owed?

If not, why not?

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February 26, 2017, 05:55:02 PM
 #26

If you do not care about your money at gaming and betting sites, why do you complain in forums then, if something happened? Does this make any sense?

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March 19, 2017, 12:45:54 AM
 #27

Is there anywhere someone who protect our consumer rights cost free or would it cost some money?

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April 19, 2017, 03:32:19 PM
 #28

There are a lot of reported damages in the Scam Accusations thread recently!

Does anyone have any idea why no one of the victims have interest for a cost free consumer protection service that could lead to get their account balances processed, instead of losing 10s of Bitcoins?

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May 06, 2017, 02:09:04 PM
 #29

Why victims are willing to lose $100s, 1000s or even 10000s to criminals, but are not willing contribute anything or even cost free to enforce their claims?

Is this the Stockholm syndrom?

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