mary said:"An arrest warrant has been issued for the Vice President of World Games Inc, Quentin George, believed to be in Australia."
Didn't you say that no officers were under investigation? Just independent representatives?
We can confirm, as you would already be aware, in September 2003 the Alberta Gaming & Liquor Commission commenced criminal proceedings against seven (7) members of WGI and WGIs former President of Global Operations, Mr Quentin George. The proceedings are essentially that those accused were involved in the management and promotion of an illegal lottery and pyramid scheme. The matter is set down for trial on 27 November 2004. The WGI members the subjects of the proceedings have now been formally charged (Mr Quentin George has not been charged). Whilst the matter seems destined to go to trial, WGI is very pleased with the progress of the matter and the preparation of the trial lawyers. Based on the Lawyers first round of interviews, it seems that the members charged will enjoy the support of over twenty witnesses. These witnesses have been described by the lawyers as substantial members of the community and include police officers and Alberta Gaming Commission employees!
mary said:Read this thread:
Link Removed ( Old/Invalid)
Why were WGI members told all charges in Canada were dropped?
Why does an international company doing Internet information business rely on word-of-mouth to tell their own marketing reps what is going on? Haven't they heard of...email?
What can you tell us about the vulnerability of the Stock Market game to runs?
Dear WGI Member
Thank you for your enquiry.
We have received numerous enquiries raising concerns about a letter from Sergeant Karen Suchar of the Royal Canadian Mounted Police (Canada). We echo your concerns and agree that such correspondence is unacceptable where to date, there has not yet been even a trial in respect of this matter.
We can confirm, as you would already be aware, in September 2003 the Alberta Gaming & Liquor Commission commenced criminal proceedings against seven (7) members of WGI and WGIs former President of Global Operations, Mr Quentin George. The proceedings are essentially that those accused were involved in the management and promotion of an illegal lottery and pyramid scheme. The matter is set down for trial on 27 November 2004. The WGI members the subjects of the proceedings have now been formally charged (Mr Quentin George has not been charged). Whilst the matter seems destined to go to trial, WGI is very pleased with the progress of the matter and the preparation of the trial lawyers. Based on the Lawyers first round of interviews, it seems that the members charged will enjoy the support of over twenty witnesses. These witnesses have been described by the lawyers as substantial members of the community and include police officers and Alberta Gaming Commission employees!
Despite the above, WGI is concerned that this latest information has allegedly come from two members of the Royal Canadian Mounted Police and notes the letter clearly presumes guilt of the members involved. We agree that the phrase innocent until proven guilty appears to have been all but ignored and certainly the implications (and factual inaccuracies) contained in Sergeant Suchars letter, are extremely damaging to World Games Inc operations where her letter contains rash generalisations and blurs the line between fact and fiction.
Further, the fact that a trial in this matter is still pending, means that such publications from representatives of Canadas own law enforcement body will severely prejudice any hearing of the matter in Canada and we expect that this issue will be raised with the Canadian Authorities. WGI and our lawyers in Canada will also be carrying out their own investigations into the legitimacy of the letter, as neither our organisation nor our lawyers in Canada have ever been approached or contacted by Sergeant Suchar or Detective Bob Keys in respect of this matter. As soon as we are able to determine the source of this letter, we will consult with our lawyers as to the further actions available to WGI in ensuring that its reputation is not tarnished by such blatant and prejudicial tactics.
Whilst it has been WGIs policy to date, following legal advice, to refrain from making any comments regarding litigious matters whilst the matters are before the courts, the prejudicial and damaging comments contained in Sergeant Suchars letter warrant some comment. To clarify the specific issues raised in Sergeant Suchars letter, our comments (in bold blue) are as follows:
THE EMAIL SAYS: It is our belief and that of the Attorney General of Alberta that World Games Inc. is operating an ILLEGAL Pyramid Scheme in addition to promoting an ILLEGAL lottery. Following our investigation, criminal charges were laid in September of 2003 against seven Albertans as well as one Australian for contraventions of the Criminal Code.
OUR RESPONSE: We have taken legal advice in Canada and we are very confident that WGI is NOT operating an illegal pyramid scheme, nor promoting an illegal lottery in Canada and we look forward to being provided with the opportunity to defend this matter at trial (if the Canadian authorities proceed with the matter). Again, WGI has taken legal advice and WGI remains firmly of the view that the charges will be absolutely and successfully defended and WGI is in fact funding the defence of the members concerned.
THE EMAIL SAYS: In addition, World Games Inc. and Greg Kennedy have been charged in Australia by the Australian Competition and Consumer Commission and will stand trial June 7, 2004 for Pyramid Selling offences in accordance with their Trade Practices Act.
OUR RESPONSE: This information is incorrect World Games Inc has not been charged with any offence in Australia whatsoever. The charges have been laid against an entity that provides limited administrative services to the business, known as World Play Services and WGI remains confident that the proceedings are misconceived and their effect has mostly been misreported as they are not against WGI. The fact that the membership of WGI is not open to Australian residents and access to the site is blocked to Australian computers is something that has been overlooked in many reports. It is also very important to note that no-one has been charged at all in Australia the proceedings against World Play Services are not criminal proceedings.
THE EMAIL SAYS: A conviction was also registered in March against a Swedish WGI member for promoting an illegal lottery in association with World Games Inc. It is also our information that Scandinavian Police investigations are continuing.
OUR RESPONSE: On 31 March a Swedish woman was convicted for offences in relation to her promotion of WGI. The decision was not against WGI and WGI took no part in the proceedings. Indeed, WGI determined as early as September 2002 (when the charges were first laid) that it would not provide any support to this member on the basis that it was her conduct, in breach of the WGI Policies & Procedures that led to the charges. The Swedish court effectively confirmed WGIs position, finding that the womans method of promotion and various misrepresentations gave rise to the charges. WGI considers that the true nature of the decision (ie. a decision against a rogue member and not at all a decision against WGI) is appreciated by the majority of members and that the case has not had any significant impact on member confidence.
THE EMAIL SAYS: Should you wish to review the details of our investigation and other criminal convictions and charges around the globe, I urge you to view the attached Word documents. If we can be of any further assistance to you, please feel free to contact us directly. I have also included an internet link to the official website of the Royal Canadian Mounted Police which provides information regarding Pyramid Schemes.
OUR RESPONSE: As you will note from the information above, The Word documents attached to the letter contain statements which are both incorrect and out of date and have not been provided with any authority or information as to who has created these documents. Also, the mere inference (in providing a link to the Canadian Police website topic about pyramid schemes) that WGI is conducting a pyramid scheme, is a complete misrepresentation and totally prejudicial in its inference to WGIs business and the Canadian proceedings currently on foot.
Finally, we note that the materials provided by Sergeant Suchar are targeted against the WGI business and its purported illegal operations (despite the absence of any charges against the operating company in any country). A common theme throughout this documentation is that WGI is a pyramid scheme because the only way you can make money is by recruiting others. THIS IS SIMPLY NOT TRUE. It is clearly stated in the WGI Policies and Procedures that it is possible to use the WGI products and services without recruiting anyone and still be able to win money. The multi-level marketing option available is only for those who want it, and in fact most users of WGI products do not participate with the multi-level marketing aspects, but instead prefer just to PLAY and HAVE FUN!!!
WGI will be thoroughly investigating its rights and legal options available to it to prevent further distribution of such materials and obtain sanctions against the police officers involved. WGI will continue to strive to ensure that risks posed by these matters are minimised and will keep you informed of any developments.
Kind Regards
WGI Press Enquiries
Black21Jack said:Just a little side note, I sold those 125,000 shares I secured at 0.04 Euro each the day after I posted the above when it hit 0.21 Euro for a nice little profit of 21,250 Euro minus the 10% brokerage fee to WGI making a total profit of 18,625 in a couple of weeks (18,625 Euro works out to approx. $29,800 in my home currency of Canadian Dollars). Not too bad eh. If people are not making money by participating in the MLM they are making a substantial amount by trading the stock, a lot of people are making a good living with the MLM business and also hold substantial amounts of stock. I cant wait until the casino is open to the public and we can promote it. Now because everyone that bought at 0.04 Euro and sold again at 0.20 - 0.21 Euro the stock is down at 0.08 Euro and I will purchase 10,000 Euro at 0.08 - 0.09 Euro for a total of 125,000 - 111,111 shares, can't wait for it to get to around 0.20 Euro again IT'S GREAT
boxplayer said:>Mary
WGI provides a full range online casino powered by Chartwell Technology featuring 35 casino games and online bingo as well.
...From June 7th and the next 8 weeks WGI runs a Euro 200/200 matchplay promotion and thereafter a 50% bonus up to Euro 200. See my other post on that subject.
You need to be a member to participate in the games but with the current promotion you actually can pay your membership and then some. Lowest membership fee is a onetime fee of Euro 65 wich includes a Visa Electron card, for easy withdrawals, and tickets in the lottery.
In August a free membership is launched without any connection to the business part. That membership will only grant access to the games as in any other online casinos or gambling sites.
/box
jpm said:Out of curiousity, how long ago did you join?
mary said:*are there playthrough requirements before cashing out?
*are there charges for cashing out?
*can withdrawals be done by means other than the Visa Electron card?
*does the Electron card charge an annual fee?
*are the withdrawals submitted to VISA as reversed merchant charges?
*can Americans play at the casino?
*Are Americans eligible for the VISA card?
Black21Jack said:If you are asking me, I have been in it for a little over a year now. May 2003
What about the people who sold you the "shares"? Did they make a profit, too? Who pockets the 10% brokerage fee?Black21Jack said:Managed to secure 125,000 more shares at 0.08 Euro each, or a total of 10,000 Euro as I said I would, and just sold them this morning for 0.13 Euro each for a total of 16,250 Euro. Minus out my 10% brokerage fee of 1625.00 Euro and the original 10,000 Euro I bought with and I have a nice little profit of 4,625 Euro in a week. Say what you will, talk all the BS you want about WGI but I have never made the amounts of money in such short periods as I have since I joined this business.
GrandMaster said:What about the people who sold you the "shares"? Did they make a profit, too? Who pockets the 10% brokerage fee?
In any case, the fact that you have made a profit does not prove anything. It is a feature of both legitimate multi-level businesses and of pyramid schemes that some people make money out of them.
jpm said:Thanks, I was wondering because usually the people who are in early are the ones who make money on these things. Seems like you haven't been in all that long.
I buy/sell stocks all the time.Black21Jack said:What are you talking about? Forget that they use multi level to get members, the stock market works exactly the same as the conventional stock market and the stock market has nothing to do with MLM, I have posted that a hundred times you people do not listen. When I sold my shares and made the profit, someone bought them off of me. Just like when I bought the shares I most likely got them off of someone who bought them in the beginning of the company, has been through 2 splits and made money off of me purchasing them. Do you know how a stock market works? because if you did you would understand the concept.
hhcfreebie said:I buy/sell stocks all the time.
The "virtual stocks" are totally different from conventional stocks. Conventional stocks has value to it, namely the product, the brand name and the asset of the company. What's the value of the virtual stocks? When the company make money, stock holders will get their share. When is the "virtual stocks" make any profit?
The "virtual stocks" is a make believe mind game. People would buy it because they "believe" they can sell it for more. The problem is there is no real value to those stocks and eventually noone will be dumb enough to buy them when the price is too high, the last suckers will find out he bought nothing but air.
Black21Jack said:When the price of the stock gets "too high" they usually split the stock, giving a nice bonus to those who secured shares before the split and making it fair and attractive to new investors. Regardless of what you say I am making good money from it, and so is everyone else who is buying and selling
boxplayer said:>hhc
With the growth in World Games Inc. activity it's been easy to make money in the game, because prices has been in an almost constantly upgoing trend, but the day we experience Zero-growht in the company turnover, the share price will show a horizontal trend as well.
-Box
Chill said:And what about the fall from 1 euro to 0.10'ish that the stock is at now?