@intowinbaby @GamRegGB Regulated on paper but not in practice.
Complete failure. Should never have licensed it, except they did & now expect consumers to cover the cost for the damage it caused
@ElonsTurdFlaps ...
Similar 'exits' at convenient time
Of course, Mike not innocent, but it hasn't worked in his favour by the looks of things.
I don't know.
There's something very naive/ foolish about him, vs something very calculated about Adam's disappearance.
They need interviewing.
@ElonsTurdFlaps ...
- Mike left to pick up the pieces of the div increase
- Adam pulls the strings from behind the scenes (only possible with Mike who trusted him)
- Mike sent to make false statements under instruction?
- Adam knew his reputation was tarnished & downfall soon
- GC execs made....
@Zidave1 The feature mentioned investigations by the Insolvency Service. These must have been going on a while now, but yeah there's definitely more to this than what it seemed initially (a last minute scramble to save the platform).
@GamregApproved@ElliePittTV@AdamColeFI Yes, he needs to come out of hiding & questions answered.
Clearly this isn't going away and I think they realise it now.
Only a matter of time?
@ElliePittTV ... Please, please, could you track down Adam Cole, & the Gambling Commission execs who also 'disappeared' at the time.
Too many questions unanswered & this brings up difficult memories, but genuinely, thanks for increasing awareness of this, & to those who told their stories.
@ElliePittTV Thanks for covering this & exposing what happened. Most haven't understood so far.
A shame to see Mike couldn't even bring himself to address the question. I've tried to take a balanced view on what happened but difficult to comprehend his 'so what' attitude'....
@Zidave1@michelledonelan@scullyp Likely not just limited to #footballindex scandal.
Imagine what would be uncovered if other cases were investigated in the same way.
Corrupt regulator.
Public needs to know what went on.
@777MUFC@Zidave1@GamRegGB@TheFCA The regulators showed their true colours.
No genuine interest in protecting consumers.
Hide their mistakes & blame each other.
Platform should have been frozen early on & proper financial regulation put in place.
@Zidave1@GamRegGB@TheFCA@TheFCA should have been involved from the beginning. They were aware of it early on I believe, but did nothing. Pretended they didn't know.
@GamRegGB license gave it a false sense of credibility. Consumers trapped between two regulators fumbling around & passing the buck.
@Zidave1@fi_action So, a licensee couldn't provide (to the regulator) a break down of bets/ shares which they had issued.
'No problem, send us a bank statement' instead. Botched job.
Have these been picked up by the media?
The wider public need to know.
@dronnygaz@Zidave1 Self preservation took over.
The platform grew out of control of the management. They panicked & became increasingly desperate.
GC prioritised themselves over consumers. Covered their own backs & watched it go down.
Unforgiveable.
@0001Eagle@GamRegGB Most concerning thing about all of this is that we would all have been better off without gov regulation at all.
It misled people into a false sense of security.
'They didn't understand the platform' but still licensed it anyway.