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mar
28

Poker pro Indicted in $6.2M Super Bowl & World Cup Ticket Scam

Tags: NFL, Seyed Reza Ali Fazeli, Super Bowl
Posted on Wednesday, March 28, 2018 by "T".
Federal prosecutors stated that a poker player from California faces charges that he duped investors out of more than $6 million in a Super Bowl and World Cup ticket-flipping scam. On March 15, Thursday, Seyed Reza Ali Fazeli, age 49, a poker player resident of Orange County, California, had been indicted at the U.S. Attorney's Office on two felony counts of wire fraud, which can potentially se[...]   Read more » Poker pro Indicted in $6.2M Super Bowl & World Cup Ticket Scam

  28-Mar-18, 15:56   #1
Poker pro Indicted in $6.2M Super Bowl & World Cup Ticket Scam 0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 39 (M)
Posts: 2302
Another interesting case about deception. Seyed Reza Ali Fazeli took 6 millions dollars from few investors and now risks 40 years of prison. Considering it is 49 years old it is possible that he gets out of prison in his coffin. There is a much better chance for him to pay those debts but unfortunately for him he destroyed everything when he cheated investors.

     
  29-Mar-18, 08:44   #2
  0 
doubletop777 
Joined: Mar '11
Location: United Kingdom
Age: 49 (M)
Posts: 6962
This sort of crime leaves a very bad taste in my mouth and i hope that these people can get their money back. If this guy is guilty, i hope that he gets punished to the full letter of the law

     
  29-Mar-18, 10:56   #3
  0 
Gerimantas 
Joined: Jan '17
Location: Lithuania
Age: 60 (M)
Posts: 1257
This is a little strange situation to me, I think it is bad business to invest in some tickets of events and then try to sell tickets more expensive and make profit, looks to me very risk business, if you not sell the tickets they cost $0 after the event, so better buy real estate, if you sell for progit goid, but if you don't you can rent it

     
  29-Mar-18, 11:22   #4
  0 
pajalnick 

Joined: Mar '11
Location: Russian Federation
Age: 46 (M)
Posts: 4922
six million dollars of course this is a very big jackpot and many criminals are willing to risk everything to get this money .... and no horrible prospect will stop them ..... now in our world it seems to me that you can not escape justice ... so he was caught .... so he needs .... grouse

     
  29-Mar-18, 16:37   #5
  0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 33 (M)
Posts: 6109
dont what to say about this article!I read every word and dont how can he take so much money from them and they didnt ask earlier to back and to loan him again money for new contest!very strange things,but where to read this kind of news,then from america!and to eanr money on tickets,who will be sold for bigger price for competitions,I dont understand!

     
  29-Mar-18, 19:21   #6
  0 
Sandmanilo 
Joined: Mar '10
Location: Russian Federation
Age: 34 (M)
Posts: 591
A very strange story, if this guy is a businessman and a successful poker player, what's the point in taking money and spending it on casino games? He didn't know that house always wins and fraud is prosecuted by law?

     
  30-Mar-18, 15:55   #7
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 33 (M)
Posts: 10079
ok I must admit too that this is kinda odd business for some rich fellas to invest, basically give money to so called tickets pro so he can scalp the market- buy lotsa tickets in advance for cheaper prices and then resell them later for hopefully some profit, or go bust...

     
  30-Mar-18, 16:52   #8
  0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 33 (M)
Posts: 6109
I understand why he took money from this people and what he wanted to do,because he had so many debt in casinos and who know from what people,so he wanted to try to back something and eanr again on poker or casino games,but dont understand this people who loan him so much money!

     
  31-Mar-18, 15:59   #9
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 39 (M)
Posts: 2302
those people who have invested money through this player they believed that he will come out a small profit because in sua ticket prices for different sports climb when sold by intermediaries. In my country these people are called bișnițar and that means: A person who practices business by making personal profits through dishonest ways. He buys many tickets and sells them at a higher price. That's why those investors believed in this crook.

     
  2-Apr-18, 04:47   #10
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 41 (F)
Posts: 12578
Another one bites the dust.
He was after big money scamming people, now he will be behind bars.
Some people are after riches, and they dont care for anything, how to get there,
risking everything.
This one got busted Smile

     
  2-Apr-18, 23:30   #11
  0 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 34 (M)
Posts: 5700
It was not that bad of a scam though, since once those people invested into this kinda stupid idea (Super Bowl and WC tickets are really not that lucrative tbh) if the company go broke he would have no personal responsibility paying those people back since everything was privately funded. But when he started to pay of his private things with company money he incriminated himself. Next time he need better lawyers.

     
  4-Apr-18, 05:43   #12
  0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 33 (M)
Posts: 6109
well in america people want to invest in everything and they will give money to anybody,just see movie wolf from wall street,its same today!you will always find people who wants fast money and who will loan that money to total stranger!

     
  4-Apr-18, 16:03   #13
  +1 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 39 (M)
Posts: 2302
These people who borrow money from another businessman to invest somewhere have the guarantee that they will make a profit. Most often they do that and then share the profit with investors. In this case money was invested in debt of this player. Very bad and this player deserve the prison sentence.

     
  7-Apr-18, 01:43   #14
  0 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 34 (M)
Posts: 5700
Posted by CALICUL:
These people who borrow money from another businessman to invest somewhere have the guarantee that they will make a profit.

No investment in the world could make them guarantee profit because the risk is always there and if you read the article they literally spelled out that the guy just paid of his other debts with the money he borrowed for this venture.

     
  7-Apr-18, 10:51   #15
  0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 33 (M)
Posts: 6109
I dont understand that you have people who will give money again and again,even he didnt back to them first loan and he didnt give profit or anything!and to take millions from people,he was smart to do it,but now he will pay for many years in prison!

     
  7-Apr-18, 16:06   #16
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 39 (M)
Posts: 2302
In this case the risk was small because when you buy a lot of tickets with 20 dollars the ticket and sell it for 25 or more profit is guaranteed with the condition to sell these tickets. Probably this is legal in America. Because of this the investors believed in it... All businessmen buy at factory price and sell at a higher price. If the method would change then the intermediaries would disappear...

     
  10-Apr-18, 18:05   #17
  0 
godoy 
Joined: Jul '10
Location: Brazil
Age: 38 (M)
Posts: 359
that ugly stop this thing that more meaningless to do that popr that since he has good companies with this he decreed his bankruptcy for the rest of the life because if condemned already it was and and f**k it has to be seen even like these great punters and players of poker lives because they are always broken or due

     
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