Thread: Cipher- The Wizard of BJ
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Old 26th January 2007, 02:38 PM
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Quote:
Originally Posted by vinylweatherman View Post
The agreement also claims "all play will originate from the UK", thus recent events in the US should have no impact other than delays in eWallet withdrawals from around 18th Jan.
Play, and location in, the UK does indeed mean that if Bruse can show the scheme was a gambling syndicate (such as a lottery pool, or horse betting scheme), thenunder UK law you are stuffed - gambling debt is not enforceable. IF the scheme was NOT marketed as a gambling pool, but a straight forward return on deposit (say, income based on licencing the software to others), then several laws have been broken, most importantly Bruce has not got FSA approval to take client deposits or run an investment fund, and criminal fraud may have taken place. It may be possible to effect a recovery from personal assets (house, car etc).
I wondered about that "originate from the UK" phrase myself. Bruce is located in California, so how could his blackjack play originate in UK??? If he could do that, then, damn, I'd like to do that too so that I won't be restricted by Neteller and can play in whatever online casinos I want. But believe me, I have no illusions anymore about my chances of recovering any money.