Jao Poker Falls Into Oblivion
According to the posts on online forums, a non-US-licensed Jao Poker site has ceased to exist, and players are likely to fail to return money suspended in their accounts.
This news did not come as a surprise since Jao Poker had minimal traffic from the very beginning. Moreover, the site used questionable marketing schemes. Todd Witteles from Poker Fraud Alert listed the alarms in a long post on his forum.
The Key Points:
- It is claimed that the site is licensed in Cambodia, where it is based.
- The site used the multilevel marketing strategy.
- Affiliates of this pyramid had to pay $250 to the site.
- In the early stages the site used PayPal for transactions.
Although multilevel marketing is used in many spheres, most people who understand it treat it with skepticism and even with disgust. This approach is often called an ordinary pyramid, in which those who are above are enriched at the expense of new members.
Obviously, Jao Poker charged $250 for the right to be its affiliate.
If PayPal were a reliable way to conduct transactions on the black gambling market in the US, the shadow offices would feel good. However, even the unexceptional collection of money for a totalizer among the office staff led to the freezing of accounts.
The Jao Poker Crash
Witteles’ posts, as well as Two Plus Two forum thread https://forumserver.twoplustwo.com/28/internet-poker/jao-poker-1669940/index2.html dedicated to Jao Poker, appeared in the middle of last year. A few days ago, the first sign of serious problems appeared – one of the users claimed that on February 3 sent a request to withdraw $1,550 via Bitcoin but received nothing despite the promised three working days.
A day later, on February 20, Witteles published a screenshot of an email from Jao Poker which referred to the closure of the site. The representative of the site, Tam Nguyen said goodbye to everyone on Facebook and let players know that they can forget about their money.
Jao Poker has become another illustration of the dangers faced by poker players who have committed their own funds to sites that do not have an appropriate license.