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05-01-07, 01:18 PM
| #1 |
| EOG FOUNDER  Join Date: Jul 19, 2005 Location: Chesapeake, Virginia
Posts: 35,504
|  Cascade Responds... The main guy from Cascade asked me to post the following on his behalf. "I have spoken with both the Shrink and The General on many occasions by phone and email. I have made them aware of the fact that two prominent posters each owes Cascade sizable 6 figure amounts of coin. First off, PokerKing has not paid Cascade a mid 6 figure amount and ClipJoint also owes us a significant 6 figure settlement. I would welcome any 3rd party to disburse $ owed to them by Cascade due to the delinquency and lack of efforts made by PokerKing and ClipJoint. Cascade owes out far less money than these two "STIFFS" owe us and we are still doing our very best to pay everyone in spite of these two guys not being honorable. I can't stress enough that we understand that PokerKing and ClipJoint stiffing Cascade has nothing to do with the fact that we still acknowledge owing out money." Thanks, Cascade Boss Last edited by THE SHRINK; 05-01-07 at 02:10 PM. |
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05-01-07, 01:25 PM
| #2 |
| "Seven Days Without Gambling Makes One Weak"  Join Date: Aug 19, 2005 Location: Orlando, Florida
Posts: 64,496
| Re: Cascade Responds... Thanks Ken, very interesting......... |
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05-01-07, 01:33 PM
| #3 | |
| "Seven Days Without Gambling Makes One Weak" Join Date: Aug 19, 2005 Location: Orlando, Florida
Posts: 64,496
| Re: Cascade Responds... Quote:
It should be noted that these are 2 posters that frequent the "other/old" site and hasn't visited eog in quite some time...........  | |
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05-01-07, 01:39 PM
| #4 |
| EOG FOUNDER Join Date: Jul 19, 2005 Location: Chesapeake, Virginia
Posts: 35,504
| Re: Cascade Responds... Hache Man, Both PokerKing and ClipJoint are more than welcome to defend themselves over here. If my CREDIBILITY regarding paying out were ever questioned, I'd be looking to KILL someone, so to speak... |
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05-01-07, 01:52 PM
| #5 |
| EOG Dedicated  Join Date: Jan 17, 2006
Posts: 24,726
| Re: Cascade Responds... How do they owe Cascade so much? That much credit got extended to them somehow? |
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05-01-07, 01:53 PM
| #6 |
| Banned Join Date: Jan 23, 2007
Posts: 329
| Re: Cascade Responds... Ok Guys(and Gals) I am sorry to be an idiot..but I guess I am since this whole online sports wagering thing is somewhat new to me...BUT....how does a poster(or anyone) get to owe a sportsbook money. You mean that you can wager with money @ the books that you don't have in their accounts? How in the world is it that a book gets into a position that it cannot payout unless players pay them money owed? Please tell me that I am missing something here. Sure hope so. JCC |
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05-01-07, 01:54 PM
| #7 |
| EOG Addicted  Join Date: Oct 02, 2005
Posts: 613
| Re: Cascade Responds... Not in tune with the credit side of things anymore, but is it common for books to let players lose that much without cutting them off? |
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05-01-07, 01:59 PM
| #8 | |
| THE SPORTS CLOWN  Join Date: Jul 18, 2006
Posts: 8,707
| Re: Cascade Responds... Quote:
 Same thing i was wondering, how dumb can a book be to give out credit in excess of 100K? cant understand it at all | |
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05-01-07, 01:59 PM
| #9 | |
| Si Como No Join Date: Jun 01, 2006
Posts: 921
| Re: Cascade Responds... Quote:
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05-01-07, 02:00 PM
| #10 |
| THE SPORTS CLOWN Join Date: Jul 18, 2006
Posts: 8,707
| Re: Cascade Responds... Another thing, I know the two posters might owe you guys money, but they LOST the money, you never paid them anything, so how does that affect the rest of the guys. I mean did you pay them 6 figures than they screwed you? |
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05-01-07, 02:01 PM
| #11 | ||||
| EOG Addicted Join Date: Oct 02, 2005
Posts: 613
| Re: Cascade Responds... Here's something from Pokerking a few months ago regarding Cascade: What family of books did Cascade recently join? - Page 2 - Online Sportsbooks & Sports Picks at Therx.com Offshore Betting Forum
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05-01-07, 02:05 PM
| #12 |
| "i'll smack you in the mouth, i'm neil diamond!"  Join Date: Aug 19, 2005 Location: Toronto
Posts: 3,238
| Re: Cascade Responds... It still doesnt say much of a sportsbook when they blame two players who may or may not have stiffed them for there troubles or atleast use them to deflect from there issues. If two players could affect them so greatly that isn't saying much about there business model to begin with. |
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05-01-07, 02:08 PM
| #13 | |
| EOG Veteran  Join Date: Oct 05, 2005
Posts: 1,864
| Re: Cascade Responds... Quote:
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05-01-07, 02:13 PM
| #14 |
| EOG FOUNDER Join Date: Jul 19, 2005 Location: Chesapeake, Virginia
Posts: 35,504
| Re: Cascade Responds... Cascade ended their reply with the following: I can't stress enough that we understand that PokerKing and ClipJoint stiffing Cascade has nothing to do with the fact that we still acknowledge owing out money." Thanks, Cascade Boss Does that sound like BLAMING or ACCEPTING RESPONSIBILITY? |
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05-01-07, 02:16 PM
| #15 | |
| EOG Veteran  Join Date: Aug 19, 2005 Location: England
Posts: 1,059
| Re: Cascade Responds... Quote:
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05-01-07, 02:18 PM
| #16 |
| "i'll smack you in the mouth, i'm neil diamond!" Join Date: Aug 19, 2005 Location: Toronto
Posts: 3,238
| Re: Cascade Responds... It sounds like deflecting the issue to two people instead of the issue at hand of people paying what there owed. Why couldn't they just say issues with the credit side of the business has been effecting the business as a whole but instead they called out two posters so people could shift the focus onto them. People would end up blaming them as the reasons there not getting paid. If it has nothing to do with the issue why mention it in there statement anyway? |
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05-01-07, 02:39 PM
| #17 |
| EOG FOUNDER Join Date: Jul 19, 2005 Location: Chesapeake, Virginia
Posts: 35,504
| Re: Cascade Responds... Here's how Cascade got caught up in this mess... One of them had a history of exchanging big figures, whereas the other came by a strong reference from one of the premiere sports books in the industry... Does it excuse them from other debts? Of course not! The main guy assures me that all customers will eventually get paid and he has a 10 year plus record of honoring debts since I have known him to be located offshore... |
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05-01-07, 02:43 PM
| #18 | |
| EOG Dedicated Join Date: Aug 20, 2005
Posts: 5,070
| Re: Cascade Responds... Quote:
I agree that is accepting responsibility but I would hope that is also a false statement. In other words, I would hope that PokerKing and ClipJoint stiffing Cascade does have SOMETHING to do with the fact that Cascade still owes money to other players. If PK and CJ paid their 6 figure debts, then hopefully Cascade would pay this money out to the players whom they owe now. That is certainly something, at least $200,000 more than nothing! | |
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05-01-07, 02:44 PM
| #19 |
| DreamPower means Dreaming Winners  Join Date: Feb 10, 2007 Location: Austin, TX
Posts: 780
| Re: Cascade Responds... All fine & dandy, Shrink, but in the meantime I'm thinking I'll just avoid Cascade like the plague. |
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05-01-07, 02:47 PM
| #20 |
| EOG Enthusiast Join Date: Aug 28, 2005
Posts: 180
| Re: Cascade Responds... Quite strange that Cascade makes up this bs after 2 months of no-paying and 3 or 4 months after Pokerking posted that Cascade had stiffed him for six figures. Anyone believing this bs from Cascade should have their heads examined. |
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05-01-07, 02:53 PM
| #21 |
| Mofome, teazemans little helper  Join Date: Jun 20, 2006
Posts: 1,177
| Re: Cascade Responds... would it be safe to assume that clip may have been acting as an agent for cascade and the players under his umbrella have failed to pay him after a tough couple of weeks? surely this is not one indivuals action, if so they were slow to cut him back imo, some responsiblity lies with the book if this is the case. no excuses for players not paying but to let a man get to this number without some sort of intervention is inexcuseable. |
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05-01-07, 02:53 PM
| #22 |
| Si Como No Join Date: Jun 01, 2006
Posts: 921
| Re: Cascade Responds... Slash, So how much you got in there? Been waiting long? |
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05-01-07, 02:57 PM
| #23 |
| Moderator  Join Date: Nov 04, 2005
Posts: 25,344
| Re: Cascade Responds... Well, that makes it much better, you cannot post about one of youre members stiffing a guy for $100.00 but yet you can post youre sponsor in the offshore area for stiffing someone. Well shrink, how come this is not in the dump? Gee maybe cause its a sponsor. Nothing like being linked to a credit shop huh wally? |
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05-01-07, 03:02 PM
| #24 |
| EOG Dedicated  Join Date: Aug 19, 2005
Posts: 2,744
| Re: Cascade Responds... If these two owe 200 grand, according to SBR, Cascade is still off 100 grand if these two somehow put up the money....which obviously they won't. |
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05-01-07, 03:56 PM
| #25 |
| EOG Member Join Date: Nov 21, 2006
Posts: 51
| Re: Cascade Responds... Lenny is lying as usual. He stole a 6 figure balance from me. Lenny agreed to mediate the situation with the Shrink but he renegged on it when he didn't like how it was going. |
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05-01-07, 03:57 PM
| #26 |
| EOG Dedicated Join Date: Aug 07, 2006
Posts: 2,565
| Re: Cascade Responds... Post up and credit money should never mix. When I post up money with Pinnacle, Cascade, SPortsbook, etc it should never be my problem whether or not they can collect from credit bettors... I never receive any profit from them so why should they be my risk? The two should be separate and this excuse is absolutely pathetic. Sean |
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05-01-07, 04:20 PM
| #27 | |||
| PROJECT MANAGER  Join Date: Aug 19, 2005
Posts: 14,186
| Re: Cascade Responds...
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05-01-07, 04:27 PM
| #28 | |
| EOG Member Join Date: Nov 21, 2006
Posts: 51
| Re: Cascade Responds... Quote:
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05-01-07, 04:29 PM
| #29 |
| EOG FOUNDER Join Date: Jul 19, 2005 Location: Chesapeake, Virginia
Posts: 35,504
| Re: Cascade Responds... pokerking, Lenny has agreed to mediation... Please send me an email... Ken |
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05-01-07, 05:05 PM
| #30 |
| EOG FOUNDER Join Date: Jul 19, 2005 Location: Chesapeake, Virginia
Posts: 35,504
| Re: Cascade Responds... pokerking, What is your reply now that Lenny has stepped up to the plate and you both admitted knowing a certain player you vouched for? Thanks, Ken |
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05-01-07, 05:32 PM
| #31 |
| EOG Member Join Date: Mar 04, 2007
Posts: 12
| Re: Cascade Responds... SHRINK, your a moron, same old swindling drunk as usual |
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05-01-07, 05:47 PM
| #32 |
| Another Day, Another Dollar  Join Date: Jul 19, 2005 Location: A real precarious world.....
Posts: 53,127
| Re: Cascade Responds... Hey BIGGIE-smalls, please attack the post and not the poster. Much appreciated |
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05-01-07, 05:50 PM
| #33 | |
| EOG Dedicated  Join Date: Nov 04, 2005 Location: Ohio
Posts: 15,253
| Re: Cascade Responds... Quote:
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05-01-07, 06:09 PM
| #34 | |
| EOG Member Join Date: Nov 21, 2006
Posts: 51
| Re: Cascade Responds... Quote:
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05-01-07, 06:14 PM
| #35 |
| Banned Join Date: Jan 23, 2007
Posts: 329
| Re: Cascade Responds... I like Seans answer. The general population of players at a book should never be accountable to fund "credit" wagers. If the book wants to fuck around with their money..so be it--but don't fuck with ours. There should be safeguards(in addition to common sense and loyalty to customers) sounds like there was a history of neither to me. When this guy(s) made a transaction of "credit" as it has been described....at that point he/they made the concious decision that they were willing to say "Fuck You customers". I hope they go under if it is that shady of an outfit! JCC |
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