Bodog withdrawls going slow

This is a discussion on Bodog withdrawls going slow within the online poker forums, in the Poker Deposit & Withdrawal Methods section; OK Bodog has been pretty good to me in terms of offering promotions and bonuses to get me to deposit on their site. I also ...
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  #1
17th August 2008, 9:22 AM
nateogreato
 
Online Poker at: Bodog
Game: omaha hi/l8
Bodog withdrawls going slow

OK Bodog has been pretty good to me in terms of offering promotions and bonuses to get me to deposit on their site. I also did very well with the tourney credits they gave me and won a little stack of cash. I deposited through moneygramn becasue I was assured this was the fastest/cheapest way to get money to and from Bodog. I called them about a withdraw a week ago and was told I'd get it in 5-7 days through moneygramn. After some jugling I was assured that the withdrawl was approved and processed by e-mail on the 13th of August and that I'd get my money in a few days.

I called today and they said that they have discontinued business with Moneygramn and that I could expect a check expressed to me by courier in the next couple of days. I then learned that they will be processing the transfer "within the next 24 hours"

I've heard rumors about bankruptsy, law suits and bouncing checks. Please tell me none of this is true. I'd also like some peace of mind from someone who recently got an express couriered check that cleared the bank. This check is less than $400 and I'd like to educate some of my close friends on how I made money through Bodog, but I'm getting frustrated.

Any help would be appreciated.
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  #2
17th August 2008, 9:55 PM
pedroman7
 
Poker at: bodog
Game: NLHE, PLO
I cashed out $900 2 months ago yesterday and have not yet received my check. I called them and was told It would be coming pretty soon. The reason they gave me was that their check processor can only do so many check a day and they where backed up. I have been playing on bodog for years and have always got my money. It has taken a long time before sometimes but never this long so I don't know. I do believe we will get our money but bodog has some issues to work out that is for sure. So basically don't expect your check anytime soon. Sorry to give the bad news and I will update you if i get my check and cash it without a problem.
  #3
17th August 2008, 10:15 PM
nateogreato
 
Online Poker at: Bodog
Game: omaha hi/l8
That really sucks. I was hoping to get some of my friends to make deposits there but they are waiting to see how long it takes to get my money.
  #4
17th August 2008, 10:24 PM
nateogreato
 
Poker at: Bodog
Game: omaha hi/l8
Have they removed the money from your account yet?
  #5
18th August 2008, 1:00 AM
pedroman7
 
Online Poker at: bodog
Game: NLHE, PLO
re: Bodog withdrawls going slow poker

Quote:
Originally Posted by nateogreato
Have they removed the money from your account yet?
Yeah they took the money out of my account as soon as my cashout request was accepted.
  #6
18th August 2008, 1:12 AM
TapYaOut33
 
Poker at: Ultimatebet
Game: Hold Em
Yeah I cashed out about a month ago and still waiting, but I was told it could take up to 40 buisness days so I'm still being patient.
  #7
18th August 2008, 6:18 AM
nateogreato
 
Online Poker at: Bodog
Game: omaha hi/l8
Well they are saying 40 business days to me. What really troubles me is that I deposited through Moneygramn becasue I was assured I'd get my money in less than 5 days if I did......

They said they have discontinued business with Moneygramn and have sent me a check by "expedited courier". I called again today and they said it will be 1-2 days before they can tell me what's going on. Today the money did come out of my account. I guess that means that I should expect a check that may or may not bounce in the next 3-4 months.
  #8
18th August 2008, 6:39 AM
nateogreato
 
Poker at: Bodog
Game: omaha hi/l8
Update:

Bodog sent me an e-mail today stating that they won't send the money by Moneygramn as agreed and I need to wait 40+ additional business days for a check.

I'm starting to wonder if it's going to bounce too???

I am very frustrated. Any Ideas???
  #9
18th August 2008, 8:29 PM
pedroman7
 
Online Poker at: bodog
Game: NLHE, PLO
Quote:
Originally Posted by nateogreato
Update:

Bodog sent me an e-mail today stating that they won't send the money by Moneygramn as agreed and I need to wait 40+ additional business days for a check.

I'm starting to wonder if it's going to bounce too???

I am very frustrated. Any Ideas???
Yeah they stop doing MG's. I wouldn't worry about the check bouncing I have cashed many checks with no problems. We just have to wait and hope for the best.
  #10
18th August 2008, 10:22 PM
buckster436
 
Poker at: full tilt
Game: NL Holdem
re: Bodog withdrawls going slow poker

you must have been reading my mind, lol, i called today and was told the check would come by courrior, i no < i spelt that wrong, anyways they said i would get an email with a tracking number, from some courrior, i dont no if its fed-ex ,ups, or who, but thats what i was told, i cashed out June 24, `08, last time i called they said it would take up to 40 Business days, ( not counting weekends ) well todays the 40th.Business day, thats why i called, and thats what they told me today, im guessing the email will have a tracking No. and whos delevering it, then i guess i got to use the tracking No. to see what day its going to be here, this seems to be a bit of a pain in the ass to get your own money, but you got to thank our Government for that. i guess all we can do is wait,,
buck
  #11
18th August 2008, 10:28 PM
lightning36
 
Online Poker at: Full Tilt
Unfortunately, there is not a whole lot that you can do. Problems with Bodog withdrawals are talked about in poker forums throughout the internet. I'm sure a lot has to do with the financial pressures Bodog has been under. I think that at this point all you can do is hope for the best.
  #12
18th August 2008, 11:04 PM
nateogreato
 
Poker at: Bodog
Game: omaha hi/l8
I hope I don't get in trouble for posting to short a reply but......

Grrrrrrrrrrrrrrrrr

If any gets their money plese post.
  #13
19th August 2008, 2:38 PM
buckster436
 
Online Poker at: full tilt
Game: NL Holdem
Quote:
Originally Posted by nateogreato
I hope I don't get in trouble for posting to short a reply but......

Grrrrrrrrrrrrrrrrr

If any gets their money plese post.
ya dont worry, ill post it when i get the check and let everybody know,, its crazy though, waiting 2 months for a check, pokerstars took 6 days and FT took 10 days to get my check,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ,,,,,,,,,,,,,,,,,,,,,,, buck
  #14
20th August 2008, 1:15 AM
nateogreato
 
Poker at: Bodog
Game: omaha hi/l8
I'd really appreciate it. I'd like to see Bodog save face.
  #15
20th August 2008, 3:27 AM
PopeNegro
 
Online Poker at: Bodog
Game: Omaha!!!
re: Bodog withdrawls going slow poker

I cashed out about 2 weeks ago, I knew it said 40 business days, but man, didn't expect it to ACTUALLY take that long. If Fulltilt and Pokerstars can get you a check in 1-2 weeks, why can't Bodog? It's pretty ridiculous imo, and I kinda wish now the freerolls weren't so good lol.
  #16
26th August 2008, 8:22 PM
nateogreato
 
Poker at: Bodog
Game: omaha hi/l8
Some made another post stating that they got their check after two months. That's encouraging to me. Bodog has been a great site up til now and I imagine will overcome it's lawsuits.
  #17
27th August 2008, 4:22 PM
pedroman7
 
Online Poker at: bodog
Game: NLHE, PLO
I just received my check yesterday and cash it at my bank. I cashed it at about 1PM and the funds were in my account this morning so no problems. It was an international check so they would not cash it at a check cashing place. My bank said the max hold time they put on any check is 5 days but it cleared in less than 1 day. It took about 70 days to get the check but other issues.
  #18
27th August 2008, 8:54 PM
JoeShowdown
 
Poker at: SpadeClub
Game: holdem
pay that man his money!!! Congrats pedro, its about time bodog pays u.
  #19
3rd September 2008, 8:26 PM
d'ohh
 
Online Poker at: bodog
Game: Pl Holdem
BODOG=MONEY BACKED BY BULLSHIT

Here is a goodway to keep money in Cal's hand, play with people's patience. OK so you deposited money this way and you want to cash it out that way......Bodog says um NO!!! What you have to wonder now is how long does it take Bodog to get our deposits', probably not long, but maybe just maybe the recent forbes.com article about the 24 million Bodog has had seized by OUR Guuvment has some truth to it even though they have said this money is from some other venture.......Bullshit.
Anyways if you haven't read it.......................

The U.S. government recently seized $24 million from bank accounts linked to Bodog, the giant, illegal-under-U.S.-law Internet gaming operation founded by Canadian tycoon Calvin Ayre.
Federal filings make very clear that a serious criminal investigation of the Bodog enterprise is ongoing. At a minimum, word of the seizures is likely to rattle the confidence of U.S.-based online gamblers that they will receive their winnings, not only from Bodog but from the industry's other remaining participants.
Detailed in court filings in a Baltimore federal court, the Bodog-related seizures from such well-known institutions as Wachovia (nyse: WB - news - people ), Bank of America (nyse: BAC - news - people ), SunTrust Banks (nyse: STI - news - people ) and Regions Bank, a unit of Regions Financial (nyse: RF - news - people ), increase the possibility of criminal action against Ayre himself. There already has been published speculation in his native Canada that he is under secret indictment somewhere in the U.S.
The U.S. attorney's office in Baltimore, which launched the two lawsuits to take the $24 million, did not respond to a request for comment.

IRS affidavit from forfeiture lawsuit in Baltimore. (pdf download- 3.4 MB)
The flamboyant Ayre--media reports often call him a "playboy"--is now believed to be in Antigua and Barbuda, a country in the eastern Caribbean. He has denied being on the lam. A request on Wednesday for comment from Ayre, sent through the Web site of his Antigua-based Calvin Ayre Foundation, was not immediately returned. Nor were call and e-mail messages sent to public relations contacts listed on Bodog's Web site.
In early 2006 Ayre rocketed to international prominence--and the cover of Forbes magazine' annual issue on the world's billionaires--for his stewardship from Costa Rica of Bodog Entertainment Group and his open flouting of authorities in the U.S., his major market. The story headline: "Catch Me If You Can." The operation was said at the time to be handling $7.3 billion yearly in poker, casino and sports event wagers.
But since then, Ayre has been the subject of law-enforcement raids abroad and growing regulatory scrutiny, especially in the U.S. In late 2006 President Bush signed a law strengthening the prohibition on online gambling. Ayre fell off the Forbes worldwide billionaires list after just one year, amid a decline in his industry's fortunes.
In overall actions against the industry, federal prosecutors in New York have charged executives of Neteller with illegally processing online gaming transactions. This summer, Canada's ESI Entertainment Systems, an Internet payment business, entered into a "deferred prosecution agreement" with the same prosecutors. The company admitted to criminal wrongdoing and agreed to disgorge $9.1 million in criminal proceeds for its role in processing $2 billion in Internet gambling payments for hundreds of thousands of U.S. customers. Criminal cases have been started against various online gambling shops.
Ayre has been trying to put legal distance between himself and the operation he founded in the 1990s. For years its business was run through Internet servers belonging to Mohawk Internet Technologies, located on the Kahnawake Reserve Indian reservation in Quebec, Canada. In September 2007 Bodog said its North American operations would be licensed to Morris Mohawk Group, also located on the reservation and run by tribal chief Alwyn Morris.
Three months ago, Ayre, now 47, said he had transferred ownership of Bodog itself to Morris Mohawk Group. "It's true; I'm packing it in," Ayre wrote on a Web site.
Court filings in Maryland say that in January and February a total of $14.2 million was seized from accounts in the name of JBL Services and Transaction Solutions at Wachovia, Regions Bank, Bank of America and Sun Trust Bank. In July, filings say, another $9.9 million was found in eight accounts at Nevada State Bank, a unit of Zion Bancorporation (nasdaq: ZION - news - people ), in the name of Zaftig Instantly Processed Payments, doing business as ZipPayments.com. The companies are described as helping to facilitate parts of the Bodog operation.
The court papers detail an elaborate international structure put together to allow Bodog to collect money and write checks to winning gamblers in the U.S. One affidavit by Randall S. Carrow, a special agent with the U.S. Internal Revenue Service's Criminal Investigation Division, said that $248 million involving entities linked to Bodog was processed through Wachovia Bank, from which $11 million of the $24 million was seized.
In a statement to Forbes, Wachovia said the bank cooperated with law enforcement, doesn't knowingly allow Internet gaming operations to open accounts, and the funds ending up at the bank were in accounts of a third-party credit card servicer. The statement also hinted that various accounts might have been kept open at the request of investigators to aid their efforts.
According to Carrow's detailed sworn statements, the IRS's Criminal Investigation Division started looking at Bodog in 2003 and opened a formal probe in 2006. The extensive sleuthing has involved close examination of public and bank records, the enlisting of unnamed cooperating witnesses and informants, and undercover efforts to make bets on football and collect winnings.
Ayre, says Carrow's statement, is president of Middleton Financial, a Nevada corporation described as a key cog in the U.S. Bodog machinery, as well as Stratham Finance, said to be based in Malta. Other entities linked to Ayre in the court filings are Gateway Financial Services, EBanx Ltd., Gregor Financial Ltd. and Calvtek Industries. The filings list dozens of businesses involved in processing Bodog transactions.
The ongoing federal pressure to disrupt Bodog's financial transactions may be bearing fruit. Carrow's affidavits say several checks issued from Bodog to its undercover gambler bounced.
A break in the inquiry came in May, one of Carrow's affidavits says, when an undercover operative for "another state's gambling commission" received a check that didn't bounce from an account at Nevada State Bank, which is headquartered in Las Vegas. That led to the $9.9 million seizure this month. The bank had no immediate comment.
Carrow's affidavits were filed in connection with the U.S.'s successful efforts to get a federal judge to authorize the seizures. But to keep the money permanently, federal prosecutors must file a civil lawsuit and allow a challenge by anyone with a claimed interest. No one fought the $14.2 million seizure, and it was ordered forfeited to the feds. The lawsuit over the $9.9 million--its official name is United States of America v. $9,869,283.05--was just filed.
Even before the advent of Bodog, Ayre carried considerable baggage. Close family members were convicted of drug trafficking. (Ayer himself was never charged.) In 1996 Ayre was banned for 20 years from the British Columbia securities industry for stock market offenses. By that time, he was already moving into online gaming.
"One of the things that drives me is the excitement that I could fail," he told Forbes in 2006. "What better buzz can you get?"
  #20
8th September 2008, 1:47 PM
FITEMAN
 
Poker at: bodog
Game: holdem
re: Bodog withdrawls going slow poker

I've been waiting for $1200+ from our beloved bdog for 21 "business" days now. Wha a hassle! Poker Stars took 5 days, no problem. There tourneys are so soft. I'dhate to have to move all out of bodog. But i am leaning in that direction. I entered a 17K tourney on FT and came in 35th out of 813 entries. I might start playing there.
Anyway, let's keep this thread alive, so everyone can be aware if everyone is gettng paid.
Sheesh........40 business days....sounds like 'monkey business" to me.

FITEMAN
 



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