I may have skipped a few pages.

The offer of 30 days to wait is typical of a scam. he will keep you all at bay. You know its going to take this long so wont hound him. Look at how he set up a plan when he said that what would happen if he fell asleep, AND HE DID.

I know this may sound pathetic but have any of you thought of writing to his mother? He claims he has told her so you wont be telling her anything more he doesnt know and if she DOESNT know, she might pull the reddies up for him.

If there was a market on BF, I would bet 1.06 that 30 days later, nothing will happen. Sorry but this is how I see it.

Again, I do hope you get your money back.

The one point I'd like to make is in regards to the people calling for the police involvement what criminal offence has been committed?

see 6 posts before yours

But was it criminal deception? 

it becomes deception when the prosecution provides forum threads of him saying yeh weve done this. THAT is when the deception occurs.

He is also in breach of FSA regs but think that is the least of his worries.

Factually a defence position would be that he asked for stakers to stake him trading, which is just gambling in the sense it is placing bets to win or lose and everybody knows gambling is no guarantee of winning and people voluntarily gave him the stakes and he gambled it.  I don't see that as deception and boasting one is doing better than one is isn't a crime.  Unless there are any written contracts clearly stating that it was a guaranteed no lose investment with fixed returns, it's flakey at best.

If I was to lend any of you money and you didn't pay it back I couldn't get you prosecuted for it, it would simply become an unregulated bad debt which I could pursue through courts at my own expense to try to gain some sort of repayment or judgement, not a criminal offence that police would be interested in.

It's a mess, ruined reputations and friendships and lessons learned but not a criminal offence.

There is a lot of talk about police and jail, when hardly anyone actually understands the law and how complex it is.

Id love someone to price up- Charged yes or no. Jail yes or no.

Dub

Id bet 1/3 charged

7/4 Jail if Charged.

And greetings good man (LLM)

Has anyone noticed just how many new members have been posting singing Arbboy's praises?

It's freaking me out a bit, like someone's trying to get inside my head through repetition, reminicient of early on in the thread when Arbboy himself sounded like a broken record.


He wasn't banned because he dared to say something about one of the community, he was banned because of the incredibly annoying and crude way that he did it.

As I understand it there were those with suspicions long before AB showed up.

Ive had run ins with Arb Boy on Betfair forum. Im not his biggest fan either.

BUT he was probably rude and crass because he simply couldnt get through to you all. Im up to page 80 on this thread atm and still some people are offering sympathy for Blatch. YOU AINT GETTING A PENNY BACK PEOPLE. Jesus hes go the job section open right now looking for work. Bar work lol. Hes a dreamer. Hes conned you.

I really do feel sorry for all those who have lost their money. I will be amazed if this lad doesnt get nicked for this. Please realise, he has take you for saps. Dont have a go at me for saying it, its true and deep down you know it.

Take stock, deep brerathes and work on the fact you aint getting nothing back BUT if you do, its a bonus

What a mess. 

PS Don't think this will rank high on the FSAs priorities right now.

true, but I am amazed not one person has reported it to the police

Not sure how many pages back it was posted, but someone has reported it.

Thanks, i did try reading a bit but was sidetracked

What a mess. 

PS Don't think this will rank high on the FSAs priorities right now.

true, but I am amazed not one person has reported it to the police

[also out of curiosity if someone wanted to take legal action would they be able to?]

Had an email off a friend who I recommended to put some savings into this at the start of the season asking how everything was going, told him that he def made more than he would of leaving it in the bank and he was looking forward to having the money for a hol etc at end of the year so now I feel like abit of a nob

Playing 1k events and going on holiday after this happened seems pretty ridic, but I'm guessing your start of online poker  (rush poker challenge) was to try and win some money back for investors.

also out of curiosity if someone wanted to take legal action would they be able to?

I have never studied law but im guessing no as there was no contract and no guarentees.  At the end of the day it was an experiment and a gamble.  I might be wrong but i think if Blatch admited what he had done as soon as it happened then things would be alot better, for a start alot of late investers wouldn't have invested and the loss wouldn't be so great.  Secondly its the lie and the length of it that is probably pissing most people off and makes it a lot harder to stomach.

I'm also fairly annnoyed that he made the mistake twice, one thing before forgetful but with so much money at stake to forget or oversleep another trade after the first one is just (for want of a  better word) ridiculous.

Just from a legal point of view, he is in breach of FSA regulations (He is basically running an illegal fund of which he makes the sole decisions for the trades) and also he was accepting money after he had done his gonads in so a criminal act of Obtaining Propert (money) by deception.

This is not an attack, just a point of law.