[kate999]

Major scam site Sports Arbitrage Union http://arbitrageunion.blogspot.com/ still operates and takes money, no payments and no answers from this one
Sports Arbitrage Union Scam Website Confirmed
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The following has been posted on the Sprts Arbitrage Union website:


http://forums.digitalpoint.com/showthread.php?t=510461


This below from someone called 'Mark' has confirmed this website as a
scam. He attempts to make iut appear as though it wasn't the case, but
I suggest it is because people have complained to the funding source -
namely being Moneybookers.


Don't you love the sob story - but do not fall for it. If you have
accounts suspended, it will be AFTER you have had a win and you will
be paid out - you can take the bookmaker to the arbitration
commission. All the bookmaker can do is close your account down.


They make out there is no money left which is rubbish and someone
should find this person and have him prosecuted.


At least this SCAM - and repeat it was a SCAM, has been pressured into
closing. Be very aware of it in the future, and someone posting on
sites like this for similar HYIP vehicles.


Thursday, October 11, 2007
Attention to all Investors:Please read


Dear Investors,


Its with much sadness that we have decided to close sports arbitrage
Union with effect as from today.


Last week has been terrible in the bussiness front as we made
considerable losses.


Sports Arbitrage Union was making a great investment partnership until
we started experiencing various problems.


Sports Arbitrage Union would like to point that we valued our
investors money and at no time tried to scam them.We maintained a good
relationship with our investors and shared regular profit.As people
may think that we stole all investment and disapeared but this we
assure you is not the case we tried our level best to revive Sports
Arbitrage Union at that point of time.


Why we should run away with our investors money in just one month of
our existence and when we were making consistent profit?


Firstly on the 1st of October our Moneybookers account was suspended
without any prior notice and we deliberately tried to solve this but
in vain.


Secondly We experienced problems with e-gold when our account with
considerable funds was blocked and at a later stage when we managed to
cash out the blocked account e-gold we were hacked and all our e-gold
stolen.


Thirdly and to make matter worse our sports betting account at 10bet
where we had significant money got suspended without prior notice.


Fourthly we were unable to access our email as somebody deliberately
changed our password and we had no access with
arbitrageun...@gmail.com .


Yesterday on the 10th of October we came accross a good sports
arbitrage opportunity allowing a profit of over 9.00%.We injected
around $4500 from our side in a move to revive Sports Arbitrage Union
and this was the very end.We managed to withdraw this investment to a
moneybookers account only to know that this account got suspended
later on.
We phoned Moneybookers for clarifications and they quoted that our
activities do not abide by their rules and regulation and they had no
option but to suspend our account.


Sports Arbitrage Union tried its level best to make things work and to
revive this investment opportunity.
We again assured our investors that we did not scam them at anytime
during our business partnership.


We regret to have failed in our objective and apologises to our
investors sincerely.


Sports Arbitrage Union is officially closed as from today 11th 0ctober
2007 .


We paid the price for honesty.


Regards,
Mark
Sports Arbitrage Union
sportsarbitrageun...@gmail.com