BetKing.io is a blatant scam operated by Dean Nolan

[tortic25]

i said it before but everyone thought i was ranting. dean is a useless scammer.
first he came up with selling the site, i told everyone that he is gonna run with the cash if anyone pays, i think people where smart enough no to fall for it. then he came up with ico bullshit. i said it that the reason for the ico is to pull off the biggest scam on bitcoin talk and now u can all see it gradually happening.
his next move is to run with everyones cash. he is just waiting to hit the target. be wise guys.
this is how the best scammers operate. they make u trust them then they strike.
just imagine the retard burning a whooping 5billion bkt lol.
he lured guys into the site using the chrismas wager contest promissing 20btc. i laughed when i say it. i know dean is too stingy and greedy to just give a whooping 20btc just like that. the most annoyng shit is that, he lured some serious whales, scammed them all then stopped talking about it after 12 midnight. the bastard did not even cancel it a day to the end of contest. he cancelled it 1 day after the contest ended. what a pathetic scammer.
watch out, dean is gonna run with peoples cash . its just a matter of time.

exactly what i said before.

he closed the old site returning 6k+btc, if he got only 10% of the sites earnings that was 550,000$ worth from 2016 prices within 3years time, not to mention the site was just starting to peak. and he tried to sell it for 500,000$ just a few months later "claiming he wanted to follow other ambitions" not even 6 months later hes starting a complicated ico. "that raised the near same amount" he just returned 8-9months ago. kind of obvious his intentions wasn't to make a successful dice site since he just threw one away


I'm gonna list the facts to just for clarity :colors  Facts  My speculation
http://web.archive.org/web/20170903041628/https://betking.io/


At the time the ico started btc was worth 4000$ i think around 14000$-17000$ near the end of ico,but since investors shares was pegged to usd and it hasn't went under 4000$ so regardless the ico still raised around 5 million $ I will refer to this again later


quote from the link above

DISTRIBUTION
100,000,000 BetKing Bankroll Tokens will be created as Ethereum ERC23 tokens and issued after the crowdsale ends.70 million will be available for sale to crowdsale participants.30 million will be retained by BetKing for ICO bounties (1%), testing bounties, advisors, hiring, future marketing and development.BetKing Bankroll Tokens can be purchased with Bitcoin, Ethereum and Litecoin. All funds will be held in cold storage.


He Keeps 30% of the tokens



use of funds raised
After the crowdsale at least 50% of the funds raised will be used for the house bankroll that players bet against and winnings are paid from. The remaining funds will be used for marketing, promos, seo, design, development, server costs and legal.


50% of the funds raised are used to do the same stuff that 30% was suppose to be for

Remember when i said i would refer later on? here it is
5$ Million invested "50% claimed to be for "cost" that's 2.5$m
the site was already a copy of the old site, besides a few different features dev cost wouldn't be more then 100k
"hiring people" obv isnt more then 25k since you can't even get a response from support unless you make it public.
and promotions/marketing was paid only with tokens as i recall "the 30% he kept" pretty much just dumping them, 5million$ invested with 6.5million$ worth of tokens floating around
Edit when you read further down you will ask, if he was after "ownership" why dump this much?  Most of the bounty and marketing funds where distributed why these tokens where still pegged to the ico value"still running" not the current 1/10th value
so theres atleast  2 million$ somewhere from the 50%funds (500k used max) and you want to know what that's used for?
To buy back your tokens at 1/10 the value you paid

Of course he claims it is their fault people joined the buy backs but thats how the entire ico was designed, knowing people would sell their tokens esp 1+years later and the token just reaching 10% and dumping 1.5million dollars worth lowering the prices even further.


A simple version, he started out with no funds, just an improved version of his old site, valued his share worth 1.5m$ and dumped those "to create the illusion funds where properly being used" and bought "guessing atleast 30% of the bk tokens back for 1/10th value another 1.5m worth for 150,000$., the more shares he has the more ownership he has over the bankroll too, i'm sure hes building up his "share ownership"

Rough Estimate Dean owns 60% of the Shares/Bankroll and is still holding 1.8m$ min

Also i want to point out.
He has said everyone is out to get him,
he has said hes posted proof before, referring to a different conversation---- i haven't fully followed the scam reports but read about 20 of his replied and never saw actual proof.
Ive seen him claiming "his story is proof" without actual proof just an explanation that can't be verified.
And ive seen him claim the investors that has invested large amounts are happy and here's probably why


Dean technically didn't scam, and in about 2years investors will probably break even. but this ico was designed to profit from the portion that would inevitable fall for the buyback allowing dean to profit atleast 2m$ this is the fact, but i honestly think its more complex and worse then this.  sounds like a ponzi and hes comparing it to stocks/btc price

[JollyGood]

This serial scammer has got it in for competitors, again....

Now he is after Bitsler  

On top of that he made ridiculous claims about competitors not having "public investment or stats like we have" but if they were to have investment from the public they would have stats to show how and when and where they spent their investment.

They would never lie and scam investors by saying 30 million of the 100 million tokens created were to be used for "ICO bounties, testing bounties, advisors, hiring, future marketing and development" and then sell them to pocket the money.

Serial scammer Dean Nolan a pathetic little imbecile. I am so happy for that fateful day when he got caught out after he scammed the Bustabit owner out of 2 BTC and blamed RHavar. It was my post asking for clarification about whether serial scammer Dean Nolan was using pirated software that triggered the whole thing which exposed Dean Nolan to the community as a serial scammer - just as I was saying before he launched his 2017 betking ICO which was designed in a manner to simply make him rich way beyond his wildest dreams.

[JollyGood]

I let the users in the Bitsler thread know about what this serial scammer Dean Nolan owner of the betking scam was saying about them

https://bitcointalk.org/index.php?topic=1268718.msg51422484#msg51422484

[tortic25]

I let the users in the Bitsler thread know about what this serial scammer Dean Nolan owner of the betking scam was saying about them

https://bitcointalk.org/index.php?topic=1268718.msg51422484#msg51422484

LOL 30mil tokens plus 2.5m cash that was suppose to be for marketing , and it's up to the "investors" to spread the word in forums and to spam the competitors chat.


""if the amount of individuals that have bkt did that i'm sure we would see a big increase in traffic""


Shame on these investor, giving you funding for marketing and not volunteering to do all the marketing after. This is clearly the only logical reason why betking isn't bigger then bitsler by now

[juzam1337]

got a notification that one of my posts got deleted.

Thanks Dean

[JollyGood]

got a notification that one of my posts got deleted.

Thanks Dean

Same here, I posted in his censored scam betking thread and he deleted my post

LOL 30mil tokens plus 2.5m cash that was suppose to be for marketing , and it's up to the "investors" to spread the word in forums and to spam the competitors chat.


""if the amount of individuals that have bkt did that i'm sure we would see a big increase in traffic""


Shame on these investor, giving you funding for marketing and not volunteering to do all the marketing after. This is clearly the only logical reason why betking isn't bigger then bitsler by now

A few investors that mentioned in the TG channel that they were investors and are happy with the direction serial scammer Dean Nolan is taking betking are fools because they believed the narrative he spun up for them. He told them it was a combination of bad management decisions and bad/negative reviews especially here on the forum that led to the demise of betking.

Those investors got ripped off and scammed but they actually believe the scammer who did it to them is NOT responsible. That is a master stroke from serial scammer Dean Nolan that he managed to fool a few investors but nobody else.

[RichGang]

dean is a useless scammer. i just saw him kick a guy that was stating the obvious in his useless telegram group.. besides the scams,
his site is rigged as fuck. ie remember winning once and he delayed paying me till i contected him. when i did, he was like , how where u able to win like that, i immediately knew the scammer was trying to come  up with a way of scamming me. i told him to fucking verify and stop asking me shit. dude went silent for like an hour, then sent the cash un willingly.
my take on that is that the site is so rigged that its difficult for anyone to win so he got suprised to see someone actually win. why ask me shit when i win , but when i loose u say its provably fair. wtf.
 the investors dont know whats coming. dean is planning to run with all the investments once it hits a reasonable amout or if bitcoin price sky rockets. anyone know how to report the site to fbi or cia for money laundring. i will be happy to see that fucker behind bars.
hey jolly , those investors are not happy, they are just scared of getting blocked by the useless scammer

[RichGang]

is site is rigged as fuck. ie remember winning once and he delayed paying me till i contected him. when i did, he was like , how where u able to win like that, i immediately knew the scammer was trying to come  up with a way of scamming me. i told him to fucking verify and stop asking me shit. dude went silent for like an hour, then sent the cash un willingly.
my take on that is that the site is so rigged that its difficult for anyone to win so he got suprised to see someone actually win. why ask me shit when i win , but when i loose u say its provably fair. wtf.
also, i had my btc disappear in his useless site. the highest was 2.5btc. i am sure he stole it. when i contacted him, he said i must have either withdrew it or my laptop was compromised.
i have never had this issue with primedice or bitsler or rollin

[JollyGood]

dean is a useless scammer. i just saw him kick a guy that was stating the obvious in his useless telegram group.. besides the scams,
his site is rigged as fuck. ie remember winning once and he delayed paying me till i contected him. when i did, he was like , how where u able to win like that, i immediately knew the scammer was trying to come  up with a way of scamming me. i told him to fucking verify and stop asking me shit. dude went silent for like an hour, then sent the cash un willingly.
my take on that is that the site is so rigged that its difficult for anyone to win so he got suprised to see someone actually win. why ask me shit when i win , but when i loose u say its provably fair. wtf.
 the investors dont know whats coming. dean is planning to run with all the investments once it hits a reasonable amout or if bitcoin price sky rockets. anyone know how to report the site to fbi or cia for money laundring. i will be happy to see that fucker behind bars.
hey jolly , those investors are not happy, they are just scared of getting blocked by the useless scammer

Got to agree with you, he has kicked and banned lots of people from the TG channel just for asking appropriate questions.

I mean, this pathetic little imbecile serial scammer Dean Nolan is giving 1000 BKT to anybody that signs up to the TG channel (that is to make the channel and website look busy) yet he bans them as soon as they ask the right questions.

is site is rigged as fuck. ie remember winning once and he delayed paying me till i contected him. when i did, he was like , how where u able to win like that, i immediately knew the scammer was trying to come  up with a way of scamming me. i told him to fucking verify and stop asking me shit. dude went silent for like an hour, then sent the cash un willingly.
my take on that is that the site is so rigged that its difficult for anyone to win so he got suprised to see someone actually win. why ask me shit when i win , but when i loose u say its provably fair. wtf.
also, i had my btc disappear in his useless site. the highest was 2.5btc. i am sure he stole it. when i contacted him, he said i must have either withdrew it or my laptop was compromised.
i have never had this issue with primedice or bitsler or rollin

I heard stories about money going missing from accounts in the very early days of betking but did not know amounts going missing were as high as 2.5 BTC

It would not surprise me if the site was rigged, he is such a low life he might well have rigged it.

[jak3]

I do not get it, it was already confirmed that dean Nolan is a scammer so why this thread is still active. If this thread will become active more and more people are going to spam it. I think this thread should be stopped as there is nothing left to prove as all the evidence are already presented numerous times which shows Dean Nolan is a scammer.

[RichGang]

I do not get it, it was already confirmed that dean Nolan is a scammer so why this thread is still active. If this thread will become active more and more people are going to spam it. I think this thread should be stopped as there is nothing left to prove as all the evidence are already presented numerous times which shows Dean Nolan is a scammer.

on the contrary, i think it should remain active so people can know about him before investing. new people sign up here daily. this might save a life or 2

[levyashin]

I can't understand why the hell a gambling project does such a thing.

You have a business which is generating profit in every condition. Why act maliciously?

[leea-1334]

I do not get it, it was already confirmed that dean Nolan is a scammer so why this thread is still active. If this thread will become active more and more people are going to spam it. I think this thread should be stopped as there is nothing left to prove as all the evidence are already presented numerous times which shows Dean Nolan is a scammer.

on the contrary, i think it should remain active so people can know about him before investing. new people sign up here daily. this might save a life or 2

Agree 100%. If the thread is here and active, people will keep seeing it especially new people like me. When I first saw BetKing I saw good things like how he returned a lot of money in the beginning and how he never scammed.

And then the ICOs started happening. And the broken promises and worse of all the way he turned on his investors. People need to see this and judge for themselves, especially when you have accounts shilling how good the site is, then you know something is wrong. Keep the thread active.

[ccc222]

lol i think the investors who have invested a significant amount know what their doing and getting into. I mean they dont have a lot of money by being stupid. I see a lot of assumptions and name calling on the first post. lots of irrational upset feelings. I think smart people know better then to listen to ranting, if you have proof of dean having scammed show it. If all you have is conspiracy theories then dont be slandering dean.

Dean has always been pretty open about everything he does with betking. He answers every question, serious question, in the telegram group that ive been keeping up with for past years.

[RHavar]

I can't understand why the hell a gambling project does such a thing.

You have a business which is generating profit in every condition. Why act maliciously?

I don't think he did. He basically had a decent business, and operated it honestly (to the best of my knowledge) and shut down and returned everyones money.


Then later, he saw the wtf ICO craze and decided he wanted in on some of that sweet cash. So he came up with some phoney reasons for needing money, ICO'd and relaunched. Then he was too cheap to use the ICO money for anything so instead of paying for a bustabit license, pirated the software. Instead of putting money in the bankroll, started accepting separate bankroll investors. And  the relaunched site isn't a viable business, beside it's pretty much is dead (1300 btc wagered total, ~2 of those in the last week) and with such a garbage name.

But hey, Dean's sitting pretty (i bet he net a few million from the whole ICO scam) and just needs to leave his zombie site limping along for a couple years, so he can pretend i was just a normal case of a business-gone bad; and in the mean time he can work on his bitsafe or what ever next ICO he wants to scam people with.

[BayAreaCoins]

and operated it honestly (to the best of my knowledge)

Dean has not been an honest operator for a VERY long time.  Much before his first shut down.

(Sorry, had to poke my head in here on that.)

Dean does appear to have some extortionist bothering him, but Dean is a dishonest operator for sure.

[pdogbc]

lol i think the investors who have invested a significant amount know what their doing and getting into. I mean they dont have a lot of money by being stupid. I see a lot of assumptions and name calling on the first post. lots of irrational upset feelings. I think smart people know better then to listen to ranting, if you have proof of dean having scammed show it. If all you have is conspiracy theories then dont be slandering dean.

Dean has always been pretty open about everything he does with betking. He answers every question, serious question, in the telegram group that ive been keeping up with for past years.

I agree. I am not a player or bounty hunter - just an investor in the site. I have no issues with Dean, and the site is doing fine now as it's value increases due to market forces.

If I had to gamble, I bet it won't be long until we are declared shills and therefore "proof" that the site is a scam lol.

[thompsong89]

@rhavar

"I like to relive my former glory. Besides, it's also a bit of a civic service to try minimize the amount of people you can scam in the future."

Lol. We appreciate the community service. Your glory days may still be ahead of you!

[kolloh]

And it was documented after the wager contest that ALL bets were rolled back and all players got their balances reset. No player lost any money. I did as some players withdrew winnings during the contest.

It's weird that you consider that acceptable. It's almost like you don't understand how a casino works.  


BTW Can you give a straight answer to why you rolled everything back and didn't pay out the wager prizes? Or simply because it was cheaper than paying out?

Just because no one lost money, doesn't mean they weren't scammed of their time and potential profits. Offering a fake contest just to drive traffic to the site isn't very honest either.

I should have had around 30-40 LTC profit if I recall correctly from participating in the contest which was reset away.

[JollyGood]

I do not get it, it was already confirmed that dean Nolan is a scammer so why this thread is still active. If this thread will become active more and more people are going to spam it. I think this thread should be stopped as there is nothing left to prove as all the evidence are already presented numerous times which shows Dean Nolan is a scammer.

on the contrary, i think it should remain active so people can know about him before investing. new people sign up here daily. this might save a life or 2

I absolutely agree with you.

Even though it confirmed serial scammer Dean Nolan has been exposed, threads should remain active otherwise these pathetic types of low-life serial scammers will continue to steal from gullible and newbie investors.