WP arbboy, looks like he saved any potential new investors all of their stakes.  Shame about those who already invested, expensive life lesson for all involved.

Doh, how comes i am still teeth???

out of interest, how's Sheriff's business venture going? how are our poker-forum investors getting on?

now now dibble - no scaremongering - but will be interesting to find out :-) - might be a few squeaky b ums after reading this.

i'm sure ur right - nothing to worry about -

chpfire

my point is that Arbboy posted before it happened and you say it is obvious after.

I think a few are looking at it now thinking it is obvious!!

I am not questioning your logic and reasosning simply stating it is after the event and there are a number of people on main thread making similar comments who aint posted until it came out.

i may be misreading the thread all wrong, but as even arb himself has stated tonight, he didnt come straight out and allege this guy was a conman. what he did was ask why, if he was a football trader,he had missed the biggest trading opportunity of the world cup, which was the huge plunge on south korea vs greece, by having his money tied up in an england game where the market was unlikely to move much at all.

that for me is stating the bleeding obvious : here is a game where a team has moved from 3.2 to 2.8 before kick off and a bloke who is meant to be trading football on behalf of a syndicate, is completely oblivious to it.

surely someone in this syndicate should have been posing the question arb did : " if we are meant to be doing this professionally why have we missed this ? ". its like buying a horse, putting it in with a trainer and then standing back and watching it win 10 lengths after being punted off the boards without having a penny on it, because it clashed with you watching an episode of coronation street.

the pair of them then got involved in a " my dad is bigger than your dad " slanging match, from which it was abundantly clear blatch was utterly clueless about both trading and markets.

im not suggesting it was obvious this was a pre-planned coup and i dont think arbboy did either. in fact ive actually argued on this thread that it wasnt, im simply confirming what arb himself has stated : anyone who knows about betting markets and betfairs commission structure could see immediately this kid was making it up as he went along.

if someone comes to me and asks if i want to invest in one mans football trading the first question im asking is whats your angle/wheres your edge ? if he says he is personally responsible for placing million pound wagers on behalf of a malaysian gambling syndicate on bent games and provides proof he gets the nod before the money goes on, then im tempted.

if he is some random gadge from the poker club with zero experience of trading, no accountancy qualifications, and zero knowledge of betfairs commission structure, but a couple of his mates say he is good at it, then im afraid im out.

there is no doubt arbboy knows his onions when it comes to markets, money and gambling.

i'm yet to be convinced about his poker brain.

i used to think he was an arrogant, belligerent, tisswot. but i am definitely warming towards him. i would genuinely be interested to hear about his trading on greyhounds. and i never thought i'd type those words.

Im on page 31 and he has just had his first loss and is explaining it.

he said

I laid at 3.2 and was forced to back them back at 3.15 before the ineviatble money for Liverpool just before KO.

If he knows the ineviatble money is coming in for Liverpool and does the opposite.

Im starting to think these ppl deserve to lose their cash

misspoker go to half way down page 94 will save you a lot of time if want summary only.

http://blondepoker.com/forum/index.php?topic=48399.1395

lol - I wonder how many cumulative hrs have done similar,

Bet we are talking 10kish !!!

not sure when the 35k win was, but if he did have an iva in 2007 it would preclude him getting a mortgage at any point after 2007.

likewise if he had bought the property prior to the iva he wouldnt be able to pocket any equity from the sale without the creditors getting a chunk.

i think the stuff about the property was horsesh it. he is a scammer, and is hardly likely to admit to gambling away the 35k. though thats almost certainly what happened.

my ex best mate was a compulsive gambler. they just dont know when to stop. he was a betting shop manager who was robbing money from his own shop. when he got sacked for fraud he went through his dead dads pension lump sum under the nose of his mother, and even remortgaged her house without her realising it. he also done all of his mates over for cash.

it genuinely is an addiction, they are no different to smackheads,in that theres no limit to what they will do to get their hands on money. and okay theres a gambler inside most of us, but most people know when to stop.

the blatch bloke is a pathological liar. and in the end that and his ego is what caught him out.

every man and his dog knew the south korea vs greece game was punting gold. the might of the greek gambling community clashing with the far east gambling syndicates.

i think it was rumoured at one point anything other than a win for the greeks would be the final nail in the coffin of their economy.

the game always looked a traders dream. in the face of the greek punting onslaught, ive no idea what sums of money it took to force the koreans to move half a point in the pre match market, but as arbboy repeatedly pointed out it was massive. if it emerges in years to come that the game was a wrong un it wouldnt suprise me.

at first blatch refuses to accept the match was trading gold. when arb is his persistent self, blatch starts coming out with some guff about having all his funds tied up in an england match where the market was static.

even then, rather than admit he was wrong to have taken the line he did, he idiotically starts questioning arbboys market knowledge.

all he had to do was say to arb from the outset " yeah yr right mate, i slipped up not getting involved in that game "

instead he picks an argument with the most belligerent man in europe on a subject he is meant to be an investment manager in, and actually knows fk all about.

what still amazes me is that this guy was able to keep up the deception for so long when he wasnt even aware of basic information such as the betfair commission structure and that none of the investors even quizzed him about it. in fact one guy who gave him 5k states he doesnt even know how sports betting works.

wtf ?

I think there is a lot of greed and stupidity involved and

that

includes the so call investors ,its quite unreal ,as I said

one is born every minute.. Chip is spot on in what he

says ,who the **** hands 5k to someone they dont even know,

or dont even know where its going its crazy.. whats more

crazy is crying about it now im sorry but it is

amuzing,in parts ..

also forgot to say wp to arbboy - reading the thing he was the only one speaking sense - no one would have it but man it was plain to see.  He smelt a rat and was right.. anyway this has made me think a few things over - I am going to start trading on betfair - looking for investors - I am a full blown gambling addict and do not even allow myself to deposit on gambling sites anymore - so if I could get around 80k investment that would be good... ty

there is a potential charge of fraud here and i can't be arsed to go through the reasons but look up the fraud act and the Ghosh test if you really care.

Dibble this is fraud no question about it, especially last part when got staking for wsop with no intention of playing.

anyone suggesting he has squirreled the money away and has it hidden under his bed, is daft as a brush

I dont own a brush!!

one thing that stands out is that all the evidence so far has come from the perpetrator himself, including the "spreadsheet" with the list of bets. As far as I can tell, they have requested another from bf but that prob takes them a couple of days and it will take that long again to go through.

so you have only the word of a massive grimmer that there is no $$$ left, personally i'd want more information than that before coming to a conclusion.

i dont think he set this up to feather his own nest, he did it to provide himself with funds to gamble.

compulsive gamblers dont as a rule put money into savings accounts, they need to bet with everything they have otherwise their gambling has no point. hence he was risking huge sums ( in excess of 20k ) at times to make minimal profit.

when that money runs out they seek new sources of funds. suggesting he has funds hidden away is a bit like suggesting a smackhead has an isa and a savings account.

the IVA prevented him getting funds through the normal channels, so he switched to scamming people.

the money filtered out of the account will have gone on " keeping up appearances " when out and about and funding the live games/staking.

as ive said, only the sunday before last he was at my table in an apat league game which has a nominal buy in of 10 bucks and betting a couple of hundred on 5/4 shots at the world cup. he wasnt having 200 quid accas to try and win the money back at this point, he was just betting for the sake of betting.

by this point he knew the game was up, he knew the end was in sight, but he still keeps betting with the last few hundred quid he has begged, stolen, or borrowed. the only reason he doesnt come clean until forced to is that fessing up will prevent him temporarily doing the one thing he is compelled to do, which is gamble.

the guy is sick and deluded. i hope for his sake his parents get him into some kind of gamcare funded therapy, and cut of all access to money. that said the IVA  didnt stop him, so i doubt this will.

my old man had a similar problem and died alone : skint, and ostracised from his entire circle of former friends and family. i didnt even bother going to his funeral and neither did my brother or sisters. losing his family and a couple of spells in jail didnt stop him and im not entirely sure it will stop this blatch fella.

lol, dont tell me you put it on the football ????

you fool, i wanted it on the rugby.

your mistake, i aint paying for it.

Just a few more things I have got to say on this - not sure if it is a regional thing or not.  I come from the South East - Down here if we look and sound like a noob, wear rugby shirts and drive a fiesta....  we generally do not think of this as 'balla'  - Anyone who actually thinks this was a grim or con than think first is neil really intelligent enough to pull that off?... no he is just stupid - on every thread I have ever seen him in, he never sounds like a trader - he shows so little knowledge, how so called 'clever people' actually trusted a degen gambler to handle an 80k fund is beyond me. How did george or others look at neil in these crappyy clothes driving in a two bit motor and actually think he was a successful trader? I know all the funds are gone - when a degen gambler starts he finishes, the only way to stop is to run out of money...  The thing just spiralled for neil - he thought I could have a free gamble under pretence of trader.  He prob original thought, if I lose it all than the investors would expect this as part and parcel of it - he never dreamed he could amass a fund of 80k.  He never planned for it and it spiralled.  People have to be aware to run a fund of this size is not mickey mouse work - it not only takes intelligence and god knows how many years of work, you also have to know the right people and account for every eventuallity.  Last thing was neil actually an accountant like he stated on Bristol win? - imo from his posts on trading and figures in general I find it very unlikely he even passed his 11

threads locked on there now

shame, was epic reading