Originally Posted by Numbuh 0ne
The website was not a scam, the owner committed acts of fraud near the end of the website. Kinda like how Enron was a legitimate business but Jeff Skilling and Ken lay committed fraud. There were in fact good people at Pitbull, many tried to stop this all from happening.
I think some of you have a totally different definition for scam than others/the dictionary.
I can only speak of myself, but for me if they took the players' winnings when they shut down, then it was a scam.
Of course some players did cash out, it only means it wasn't the dumbest scam ever.
Every non-retarded ponzi scheme in known history has started by paying off the people that invest early the x times their investment they promised, then when it gets too big to afford to pay everyone, the founder simply runs away with the money.
Now, this was not a ponzi scheme obv, but the same principle applies. If they wouldn't give people the first say 100 people their money they wouldn't get 1000 more to deposit, duh! If you were to run a scam, would you rather make $2,000 or $50,000 out of it? (making those numbers up, but you know what I mean)