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1  Community Forums / Betting Tips and Sport Discussion / Re: Discussions about: Staking - Betfair Football Trading on: June 20, 2010, 02:50:32 PM
I haven’t put up a message on here recently as I have been trying to get my head round things and have been trying to explain everything to my family.  Obviously they are incredibly upset but are going to help me through this.  I obviously need help and am in the process of getting help from the right places.

I really need to apologise to a lot of people, to the investors for the loss of funds and the distress and anxiety it has caused them and the knock on effects this will have for them.  I also need to apologise to generally everyone on blonde for letting them all down, including the mod’s and everyone associated to the site.  I also need to apologise to my close friends who were also led to believe the lies about my lifestyle and other factors.  I have let down an awful lot of people and I can only hope in time that people can find some way to forgive me. 

I left yesterday, after not sleeping or eating for almost 2 days, to explain the whole situation to my family.  Having cried almost all the way on the motorway I almost turned round but knew deep deep down that they had to know.  This was such a hard thing to do, to look my family in the eye and tell them what had happened and what a lie I had been telling them in the past.

This whole situation was set up with 100% legitimate intentions and I genuinely believed that it would make money.  The failings were mainly because I was too embarrassed to admit to anyone of being a failure at what I set out to do.  Looking back now I obviously know I should have come clean straight away but the stupid side of me thought I could use the money to chase bets and force trades that weren’t correct and this obviously didn’t work either.  Sadly things then spiralled uncontrobally, not through dishonesty but a lost way and everything got completely out of control for me.

I tried using my own money to get things back on track and in doing so lost literally every penny I had.  I had cashed out ISA’s, sold national savings and even borrowed money from friends.  I didn’t know where to stop and my thoughts were that the only way out was to try to borrow more to win this back.  This probably is hard for anyone to believe but at the time and point where I was living this huge lie I saw this as my only way out.  I couldn’t see the wood for the trees and I realise I should have come clean along time ago.

I haven’t profited from doing this in anyway, shape or form.  I haven’t siphoned off money to any other accounts as both Betfair accounts are completely empty, my personal bank account is an unauthorised overdraft, I have no real assets and I don’t have any cash to my name.  There are obviously going to be plenty of rumours flying around but I would like to say that I didn’t pay a penny towards my recent holiday to Florida apart from a bit of spending money whilst there.

At some points in time I have made some absolutely ridiculous posts on blonde about the situation.  Its well known that some people wanted this to fail from the start and a few have joked about the money being lost a long time ago.  I stupidly went along with the joke occasionally thinking that if I got angered by these posts it may raise suspicions.  Obviously looking back this was incredibly stupid and I realise how bad this may look to some people but my intentions were focused on trying to get people their money back as soon as possible.

I spent some time yesterday trying to work out exactly where the losses are and to work out exactly how much money is owed to everyone.  I am currently doing all I can to work through this incredible mess.  I swear that in my heart of hearts I will do everything I can to get everyone their money back but people have to understand that I am currently unemployed without a penny to my name.  On Monday I will be out searching for a job, although im guessing I wont be able to pick up anything that pays overly well.  I already have the local paper with job vacancies in and have made a list of phone calls to make.  I will attempt to get some temp work, or bar work until something permanent comes along.  I will inform each of the investors about exactly what kind of jobs I have applied for and the responses I get from these.   I have cancelled every luxury and even small privileges in my life and will carry on to do so.  Once I get a new job it is my intention to work out ways of how I can start to repay people, in any way I can, and for however long it may take.  What im really trying to say is im going to almost put my whole life on hold until this is sorted out and this really is my number one priority, although saying this, it will be very tough for me on a low income.

This will be my last post on the blonde forum but I want to contact each and everyone of the individuals involved in the investment and to hear their individual thoughts.  My personal email address is nblatchly@yahoo.co.uk and would like each investor to get in contact, so we can try to sort this situation out and to have their thoughts.  I will also speak to investors on the phone if they send me their contact number.  I know that an awful lot of people are incredibly angry, upset and feeling let down by this but I genuinely am trying to sort the situation out.  I am getting help for my problems and demons and hopefully in time I can turn my life around.
2  Community Forums / Betting Tips and Sport Discussion / Re: Discussions about: Staking - Betfair Football Trading on: June 18, 2010, 11:08:52 PM
I did try and move money between accounts but this wasnt to steal money out of the account it was simply so I could try to trade in my other account.

I will open up my account to Tighty to show that the acount is emptied and has lost the money.

I am truly sorry that this has happened and misled and lied to everyone.  Im physically shaking and have been sick a few times by this and really need some help for the organisations out there.

People will get there money back im just not sure when it will be, but it willl be as soon as I have any.
3  Community Forums / Betting Tips and Sport Discussion / Re: Discussions about: Staking - Betfair Football Trading on: June 18, 2010, 10:14:43 PM
Reading between the lines grimmer was busto when set  up this staking thread and was using it as personal bankroll.

Text book living beyond means and an epic grim.

going on holiday, throwing wads of twenties at the roulette wheel and setting up a 2nd grim all whilst in a 70k hole, smacks of arrogance beyond belief.

someone should call the police as the 2nd grim is fraud .

this line gives me chills

Blatch, please can you come on here and explain what happened to your own personal roll during this time?

How much were you trading from?

where is it now?

are you prepared to show a 3rd party your own personal account trading over the same time period?

I am starting to feel worse about this.



I usually kept £5k in my account and the rest in my bank account.  My oerosnal bank roll has gone as well as I tried to spin this up to cover the loses in the other account.  Towards the end i also thought them as the same until I had enough to cover the blonde money.

I think its quite obvious I have a problem and will certainly be getting help for it.  Sadly I though I could get myself out of a hole and I couldnt, it created a snowball effect and made things so much worse.  I stupidly thought I could still get out of it and it got the point where I just couldnt keep up the lies and had to come clean.
4  Community Forums / Betting Tips and Sport Discussion / Re: Discussions about: Staking - Betfair Football Trading on: June 18, 2010, 07:06:45 PM
We need an auditor (that understands Betfair, arbing and betting in general) to comb over the account.  Someone like Chompy (sorry mate!) who doesn't have a shilling in (I don't think) that can probe for evidence of what happened.

Some people don't seem to understand that if the fund was being "borrowed" to trade IR, it could have been successful many times over.  Then with a Liverpool lay going tits up with 15 minutes to go, it suddenly becomes a "sleep in".

I don't know which version is true, but a decent audit gets rid of the speculation.  There shouldn't be any money in play IR on the account.  If this truly was a tragic accident, it obv hasn't been dealt with very well, but at least we will know what we are dealing with.  

Some questions:

1. How many times in the season was money in play IR?

After having the initial loss, I did use the account in running sometimes to try to get some of the previous losy money back

2. Was the Florida holiday an attempt to recoup the losses?

The holiday in Florida I didnt pay for.  My sister was taking her family and there was a spare room in the Villa.  The flight was a birthday and xmas present.  All I paid was spending money which came to aroudn 600.

3. What happens to the WSOP stake?

Sadly this has gone too but I will certainly include this when I try to repay all the money.

4. Detailed breakdown of the cashouts?

There were no cash outs at all from the account.  I did however make extra additions to the account whenever I had a bit of spare money.  I tried to put any extra money I had in the account to help get the account back to the level it should have been at.

5. What evidence is there to contravene the contention that the sudden downswing was a 'paper trade' downswing designed to reduce the account balance?

Not sure what you mean here

Some follow up questions:

In 1. above, ok there are IR trades when you are scrambling to get out of it, but are there any IR trades before Liv v Stoke?  If there were, where did the proceeds go?

[For Cos, yes I will help with the time checking sure, PM me after the Eng game]

The reason for drilling deeper here is the bit that I think most don't seem to understand.  We need to establish if there were a series of trades where you were "buying money" for yourself by putting the fund in play IR and taking the proceeeds, and the Liv v Stoke game was the LAST game, where you tried your luck one too many times OR it was the first time money was IR and it was your mistake.

There's a world of difference between the two.

in 5. above, what I am asking is that it is possible the losses could have been accounted for by posting a series of losses (80k's worth at a guess) which leaves your account empty, but clean.  If in fact those trades didn't exist, then either this is exactly what you were trying to do, or you were continuing to rack up your own personal exposure from any successful trades with a view to somehow getting the money back before settlement time.  Reporting ficticious trades is usually not a good thing.

Im pretty certaint there was nothing IR in the account before that game.  If there was then any money made from this the money stayed in the account.  After this game all profit stayed in the account and I simply tried to get the account back to what it was.

I never took money out of the account apart from once.  This was for an investor who no longer wanted to stay in, due to personal circumstances.  Im not 100% certaint but I think this was before the Liverpool vs Stoke game.

Im still not 100% certain what your asking in 5 but yes some of the losses werent infactual truth.  It was to reduce the account balance and therefore I had to win less back.  I know this whole thing is one serious mess up and I really want to turn this round and get people their money back.

Once things started going wrong it was a horrible slippery slope.  In my mind, depsite what the betfair balance was, I knew I owed out around 70k to people and basically whatever was in my bank account, my own betfair account and the londe betfair account would all be combined together to pay this amount out.
5  Community Forums / Betting Tips and Sport Discussion / Re: Discussions about: Staking - Betfair Football Trading on: June 18, 2010, 06:59:11 PM
I'd recommend that people who have lost money request that Blatch put his pen where his mouth is and sign legally binding IOU notes.

No reason to trust him after all this, if he truly intends to pay you back then he should have no problem doing such a thing.


sorry tank.  aint worth the paper its written on. Not even worth the cash for small claims court!  As for paying people back.  whats he going to do get a mortage?  HE aint even got a job!

I would like an answer to a simple question.  Why take cash after the initial loss? 

Cos I was stupid and saw it as the only way to get other money back.

I wasnt thinking straight and obviously got it all horribly wrong but I didnt see that back then.
6  Community Forums / Betting Tips and Sport Discussion / Re: Discussions about: Staking - Betfair Football Trading on: June 18, 2010, 06:46:35 PM
Guys,

I just want to say I had abso nothing to do with this. I've had a couple of people ask if I was involved and you probably don't give a shit because you've all lost money but I had absolutely no idea what was going on. I would have advised him to post up the mistake rather than go chasing.

I spoke to Neil a couple of days ago and he assured me he still had the money- money I think a lot of us were relying on for different things.

This is why I was defending him so much on this very thread from arrboy. I'm not going to leave him out to dry. Despite what he's done he is still a friend but obviously it's going to take a while to repair the damage he has done.

I wouldn't defend him too much, he told me you were paying for his Vegas trip and knew about his temporary bustoness.

George never knew any of this , however George had paid for my flight and accomodation.
7  Community Forums / Betting Tips and Sport Discussion / Re: Discussions about: Staking - Betfair Football Trading on: June 18, 2010, 06:41:17 PM
so you used and lost peoples wsop money in you trying to re coup the loss?

afraid so
8  Community Forums / Betting Tips and Sport Discussion / Re: Discussions about: Staking - Betfair Football Trading on: June 18, 2010, 06:19:50 PM
We need an auditor (that understands Betfair, arbing and betting in general) to comb over the account.  Someone like Chompy (sorry mate!) who doesn't have a shilling in (I don't think) that can probe for evidence of what happened.

Some people don't seem to understand that if the fund was being "borrowed" to trade IR, it could have been successful many times over.  Then with a Liverpool lay going tits up with 15 minutes to go, it suddenly becomes a "sleep in".

I don't know which version is true, but a decent audit gets rid of the speculation.  There shouldn't be any money in play IR on the account.  If this truly was a tragic accident, it obv hasn't been dealt with very well, but at least we will know what we are dealing with.  

Some questions:

1. How many times in the season was money in play IR?

After having the initial loss, I did use the account in running sometimes to try to get some of the previous losy money back

2. Was the Florida holiday an attempt to recoup the losses?

The holiday in Florida I didnt pay for.  My sister was taking her family and there was a spare room in the Villa.  The flight was a birthday and xmas present.  All I paid was spending money which came to aroudn 600.

3. What happens to the WSOP stake?

Sadly this has gone too but I will certainly include this when I try to repay all the money.

4. Detailed breakdown of the cashouts?

There were no cash outs at all from the account.  I did however make extra additions to the account whenever I had a bit of spare money.  I tried to put any extra money I had in the account to help get the account back to the level it should have been at.

5. What evidence is there to contravene the contention that the sudden downswing was a 'paper trade' downswing designed to reduce the account balance?

Not sure what you mean here
9  Community Forums / Betting Tips and Sport Discussion / Re: Discussions about: Staking - Betfair Football Trading on: June 18, 2010, 05:55:54 PM
vegas money?

was the betfair account in your name?



Vegas money has gone and account was in my name.

Im currently trying to send messages to all to let them now.
10  Community Forums / Betting Tips and Sport Discussion / Re: Discussions about: Staking - Betfair Football Trading on: June 18, 2010, 05:42:42 PM
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 Sad

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?

Everything I did was to try to get the money back. 

As for the legal action side im not sure.  Sadly I dont have any assets, apart from a small car, to sell that will help.

I have already started applying for jobs and every spare penny I get will towards giving people there money back.
11  Community Forums / Betting Tips and Sport Discussion / Re: Discussions about: Staking - Betfair Football Trading on: June 18, 2010, 05:32:30 PM
Is blatch guarenteeing all stakers their money back no matter how long it takes?

I will get everyone there money back.  It may take some time but everyone eventually will get every penny invested back.
12  Community Forums / Betting Tips and Sport Discussion / Re: Discussions about: Staking - Betfair Football Trading on: June 18, 2010, 05:28:43 PM
Can he not just show a screenshot of the liverpool market with -80k or w/e

to show he did really fall asleep and not just grim it all??



Betfair only shows you amounts going back 3 months.  I have requested a full account history to be sent via email for everyone to see.
13  Community Forums / Betting Tips and Sport Discussion / Re: Discussions about: Staking - Betfair Football Trading on: June 18, 2010, 05:16:51 PM


so have u been trying to re-coup losses since the game in question?  I've part invested with my brother and have been keeping a keen eye on this.

Does this mean all the trades since then showing a loss was a way of getting the balance down to show a loss in the end?

Cant seem to believe this.

What I tried to do, was trade on paper what I would have done with the intention of keeping the profit and loss going.

Ever since the Liverpool vs Stoke game and the Man City vs Stoke game I tried trading all sports and trying anyway to get the money back and basically chased the account down to empty.
14  Community Forums / Betting Tips and Sport Discussion / Re: Discussions about: Staking - Betfair Football Trading on: June 18, 2010, 05:05:47 PM
I really wanted to PM everyone before it came public but due to the 15 pm per hour this wasnt possible.

I wont post my PM here but I will try to answer questions and not hide from this anymore.

The problems started with the Stoke vs Liverpool game.  I placed the first part of the trade Friday night and didnt wake up in time, whether I slept through my alarm or didnt set it right I dont know but when I woke up Liverpool were 1 up.  I had to decide whether to let it ride or trade out and save around 15-20% of the fund.  I then got a bit back and and tried to keep going and then it happened again in a Man City vs Stoke game.  I was away at a poker comp with 2 friends and placed a trade before and was late for the start of the comp and started playing the comp and totally forgot about the game kicking off later.

I have emailed betfair to get a full account hisory for anyone to see.
15  Community Forums / Betting Tips and Sport Discussion / Re: ***THE OFFICIAL WORLD CUP SWEEPSTAKE THREAD - PART 2*** on: June 16, 2010, 08:52:14 PM
Diego woho Diego woho

may get a 2nd round sweat wiiiii
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