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Warning SignsNew World Record Beaten For Pump And Dump Scams!
The Casino Affiliates are not the only ones getting cheated, these are additional warning signs that you are dealing with crooks. It's not only the Casino Affiliates getting screwed, it's also their own investors and shareholders.
Noam Lanir CEO
EMPIRE ONLINE TRADAL
Party Gaming (Party Poker) and Empire Online (Tradal) managed to pump and dump their junk shares, and once again the poor naive investors were left to hold the bag. These are the biggest losses ever suffered by investors in the online gambling industry, and it's hard to imagine that anyone will ever manage to do a scam this big again.
Party Gaming (Party Poker) and Empire Online (Tradal) can be proud to hold the world record for the biggest pump and dump operation since online gambling started. It's hard to believe that there was not a conspiracy to take the two companies public within days of each other.
Party Gaming (Party Poker) started their fraudulent and illegal activities back in 1997 and they haven't stopped since then. Same thing for Empire Online (Tradal) since they started about 5 years ago. We will give you more details about these two companies in the report about the massive frauds in the casino affiliate programs, because both are also heavily involved with that.
It's no wonder that the founder of Party Gaming (Party Poker) resigned immediately when she got her millions from the poor investors.
For Empire Online (Tradal) this company is specialized in misleading people and cheating them, this is their primary business. Only a few weeks ago, they were trying to quickly dump their entire scam to Sportingbet for $1.4 billion. Not bad for a company that in our opinion was not even worth 5% of this figure, if that.
They were not licensees, they were not game developers, they didn't own any client, and there was no guarantee whatsoever that their "middle man" marketing agreements will be renewed. In other words, they were trying to dump their scam for $1.4 billion just selling hot air, in a business that is also illegal, while also cheating their affiliates at the same time.
We found that Empire Online (Tradal) totally lacks short and long term strategy. They are good for selling hot air for the price of diamonds, but their lack of experience, and their obvious immaturity, clearly shows that they didn't plan anything properly for running an honest company with a good business model, because they were too busy trying to dump their scam as fast as possible, for the highest possible price, and get out.
When you don't plan to stay in the business you don't worry about short and long term strategy.
Now they are running their scam business on a daily basis, with panic and desperate ideas to try to save the boat that is already well underwater. Anybody thinking of buying their scam is got to be mad. These crooks can always find investors who will never learn because they are gamblers and not investors, and they are totally addicted to gambling. Any serious investor wouldn't touch these two scams.
How much did the investors lost so far in these two massive scams? It's hard to know the exact figures, because the losses are most likely to considerably get worse, on a daily basis, but it's got to be around $8 billion, and the final figures could easily be much higher. Regardless of how many more billions of dollars investors will lose at the end, it's already a world record!
Source: CasinoMagazine.com
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