Plump.com Exit Scam

[coupable]

No idea on how to regulate those who have fake licenses, it's fake to begin with, so, it'll be hard to find the owners let alone bring them to court but, those that have legit licenses like this one in plump, you would hope that the ones who issued it should be the one to regulate them, right? Nope. CGA itself state that they can't do anything against these gambling operators. 

We would like to clarify that the CGA does not handle individual complaints against gaming providers. Resolving disputes between players and gaming operators is not within our mandate. As such, we do not have the authority to mediate or arbitrate in these matters. The CGA is not a civil court and cannot order gaming operators to compensate players or issue judgments. Therefore, we encourage players to seek resolution directly with the gaming providers and to contact the appropriate legal channels if necessary.

Meaning..Sorry, we can't help you. Options? either get on your knees and beg for resolution from those gambling operators or ask the court for help. So, there's your dilemma.

Man that's a bit disturbing. Basically the Gaming Authority  won't help the consumers in case things go south. What is the purpose of the license then? 

I am not trying to play the Devil's Advocate but what they said is right. License issuers are not courts or legal forces authorized to treat disputes and to make judgements. They give activity licenses to legally registered companies who comply with certain conditions. In cases of ongoing disputes they can and they should wait for legal memorandum proving the casino is really involved in practices that do not comply with the terms agreed upon in its operating license. The most they can do is revoke the license.
In this specific case, scam casino Plump pretended to have a valid license. It is not a dispute between the casino and his users. The license issuer which is cga can fill a lawsuit against Plump. If they won't, they will become scam plan involved as well.

[Shishir99]

What is wrong with these guys?

Similar incidents now happening very often. We have seem multiple similar cases in the past few months. Casinos like betmoco, betmanor or something similar. These casinos are appearing in the forum, posting for a couple of weeks, and then disappearing after scamming the players. It seems such incident has been increasing lately. I am not sure why is this type of cases are coming and how people can ignore such casinos. Probably it would be best not to play in casinos which does not have a valid license and did not build a solid reputation.

[albon]

Think about it, they're feeding everyone a line of bs. They wouldn't have done any of the actions they have done if they weren't pulling an exit scam. No need to speculate, they're 100% scamming users.

That’s true, and there is no legal excuse or justification for what they did other than the fact they were running a scam from the beginning. It looks very much like they planned an exit scam and then tried to wipe traces of it after disappearing. They promoted themselves on the forum through a signature campaign to build fake credibility inside the crypto forum and once they managed to scam a large amount of money from players and victims of this scam casino, they vanished.

What’s also important to mention is that this probably won’t be the first or last case. Recently, many casinos have appeared, stayed active for only a few weeks to collect deposits, and then disappeared with users funds. A lot of people may trust a casino just because it holds some kind of license, even if it’s only a weak paper license like CGA that does not really protect users’ money.

That’s why people should always do their own research before trusting any new casino, especially one that has not built a solid reputation over a long enough period in the industry.

[yahoo62278]

No idea on how to regulate those who have fake licenses, it's fake to begin with, so, it'll be hard to find the owners let alone bring them to court but, those that have legit licenses like this one in plump, you would hope that the ones who issued it should be the one to regulate them, right? Nope. CGA itself state that they can't do anything against these gambling operators. 

We would like to clarify that the CGA does not handle individual complaints against gaming providers. Resolving disputes between players and gaming operators is not within our mandate. As such, we do not have the authority to mediate or arbitrate in these matters. The CGA is not a civil court and cannot order gaming operators to compensate players or issue judgments. Therefore, we encourage players to seek resolution directly with the gaming providers and to contact the appropriate legal channels if necessary.

Meaning..Sorry, we can't help you. Options? either get on your knees and beg for resolution from those gambling operators or ask the court for help. So, there's your dilemma.

Man that's a bit disturbing. Basically the Gaming Authority  won't help the consumers in case things go south. What is the purpose of the license then? 

I am not trying to play the Devil's Advocate but what they said is right. License issuers are not courts or legal forces authorized to treat disputes and to make judgements. They give activity licenses to legally registered companies who comply with certain conditions. In cases of ongoing disputes they can and they should wait for legal memorandum proving the casino is really involved in practices that do not comply with the terms agreed upon in its operating license. The most they can do is revoke the license.
In this specific case, scam casino Plump pretended to have a valid license. It is not a dispute between the casino and his users. The license issuer which is cga can fill a lawsuit against Plump. If they won't, they will become scam plan involved as well.

Just to reiterate what I mentioned in another thread about deleting posts, they must not realize how this forum works as nothing is actually really gone. There are ways to get their old post back from the archives, so them deleting did nothing but show us the true nature of the company.

[Mahiyammahi]

What is wrong with these guys?

Similar incidents now happening very often. We have seem multiple similar cases in the past few months. Casinos like betmoco, betmanor or something similar. These casinos are appearing in the forum, posting for a couple of weeks, and then disappearing after scamming the players. It seems such incident has been increasing lately. I am not sure why is this type of cases are coming and how people can ignore such casinos. Probably it would be best not to play in casinos which does not have a valid license and did not build a solid reputation.

For this reason we would have hard time for trying new casinos. It seems like these scams are being run by the same group or individual. After a gap in time these incidents are happening . For this reason most legit casinos are not getting enough exposure.

A group of people already understands how effective this is for promoting casinos on the BitcoinTalk forum, so they are actively exploiting it.

[CoffeeSipper64]

I very sorry to hear about all this having gotten scammed myself over 2k USD on a previous exit-scammed site Betmoco.

I think it's worth mentioning that there isn't a SINGLE casino that has been recently launched (within these couple of months) that has NOT Exit-Scammed or is Actively scamming a huge part of their users which decided to give it a try after they promoted their scamhole here.(Probaby with 1-2 exceptions like DustBit and one more possibly).
This fact alone says quite a lot about both the crypto betting environment itself and also this forum sadly...

[coupable]

What is wrong with these guys?

Similar incidents now happening very often. We have seem multiple similar cases in the past few months. Casinos like betmoco, betmanor or something similar. These casinos are appearing in the forum, posting for a couple of weeks, and then disappearing after scamming the players. It seems such incident has been increasing lately. I am not sure why is this type of cases are coming and how people can ignore such casinos. Probably it would be best not to play in casinos which does not have a valid license and did not build a solid reputation.

But how would a casino build trust without inviting users to try it with real money? And how would users know that a casino is a scam while participating in their promotional campaigns? There will always be losers to confirm it is a scam or not.

Users should be very careful when using a new casino with real money. Deposit small amounts will be good enough to avoid such unexpected incidents.
I was shocked after reading the info about how much they scammed. It is a million dollars worth of assets as one single player lost 200k.

[Zwei]

What is wrong with these guys?

Similar incidents now happening very often. We have seem multiple similar cases in the past few months. Casinos like betmoco, betmanor or something similar. These casinos are appearing in the forum, posting for a couple of weeks, and then disappearing after scamming the players. It seems such incident has been increasing lately. I am not sure why is this type of cases are coming and how people can ignore such casinos.

where there is easy money to be made, scammers are bound to show up. but what makes this different, is that compared to the scam betmoco and betmanor pulled off, this wasn't some amateur.
they went through all the trouble of setting up a company, getting a license, paying people to promote the website (not just on the forum).

my guess is someone deposited a large amount that the owner could not resist not scamming, or they were working with a limited bankroll with shitty bankroll management, and were hoping people would lose, but the house ended up in the red and decided to just take everyone money instead of dealing with that, or it's as simple as they were planning this from the start, it's honestly one of the weirdest cases i've seen, the only similar case i can think of is betnomi.

Probably it would be best not to play in casinos which does not have a valid license and did not build a solid reputation.

having or not having a license is worthless nowadays in terms of vetting crypto casinos, i would avoid any casino without a real solid reputation tbh, unless you only play with small amounts, so even if you get scammed it won't hurt that much.

Users should be very careful when using a new casino with real money. Deposit small amounts will be good enough to avoid such unexpected incidents.

only if everyone would think that way, but 1k, 10k, 50k is considered small amounts to some people.

[Shishir99]

my guess is someone deposited a large amount that the owner could not resist not scamming, or they were working with a limited bankroll with shitty bankroll management, and were hoping people would lose, but the house ended up in the red and decided to just take everyone money instead of dealing with that, or it's as simple as they were planning this from the start, it's honestly one of the weirdest cases i've seen, the only similar case i can think of is betnomi.

You could be right. 1 million is enough to start several turnkey casinos within a month. There are many turnkey casino solution companies offering a business that can start with an initial investment of less than 100 K. A million dollars is too much for them. It is too bad that licensed casinos can shut down their project by scamming millions of dollars. What is the point of playing in a licensed casino then? People are supposed to trust these casinos because they have a license as a legitimate business. However, what do those authorities do when the players get scammed? Have you ever heard that those authorities recover a penny and hand it over to the victims? I think no one has heard such stories.