Also this isnt the only story out there for anyone who thinks this is just a few people bitching. Nobody has been paid from this room. The best summary so far is from the pokeraffiliatebible.com who has a complete break down of what has happened with this room.
...the new online poker room (CardSpike.com) is owned by some individuals behind Casino Affiliate Programs, also known as CAP - an online gambling affiliate conference promotion group.
"The fraudulent "safety seal" (paid for) at PAP/CAP (poker affiliate programs and casino affiliate programs) is a sham, this site is run by ******."
I was actually told many months ago that the principals at CAP were the beneficial owners of Cardspike.
More recently I became aware that Cardspike had such a bad payment record that it should properly be considered a rogue operation.
Still, I kept quiet and did not say anything. Perhaps I should not have stayed quiet, but there are limits on what level of attack is appropriate against a competitor, especially when that competitor is quick to threaten lawsuits ... a topic for another day.
But anyway, now that the cat is out of the bag, I can confirm that what I have been told is far worse than anyone might imagine.
My understanding is that principals at CAP, which claims to certify programs and represent affiliates, are running a rogue operation and ripping off affiliates on the side.
And they have an ownership interest in Affiliate Speed Pay too. {Correction: Please note that since this initial post I have learned the statement made at one time to me by a member of the CAP management team that he owned affiliate speed pay and a post on the CAP website by a member of the CAP management team stating that they operated affiliate speed pay were incorrect. My current understanding is that CAP serves only in a marketing capacity for affiliate speed pay}
So you have an organization being paid by affiliate programs to help them establish new affiliate relations that is, behind the scenes, using the affiliates who are referred to them through those programs and through affiliate speed pay to promote cardspike, which is their own beneficially owned online gaming operation. {Correction: Given the updated information I have obtained about the ownership of affiliate speed pay noted above, and based on discussion with affiliate speed pay I now feel confident that no information related to affiliate speed pay account holders was accessible to CAP in their more limited marketing role}
And then you have cardspike, which is an online gaming operation beneficially operated by US citizens, that accepts US players. Simply unbelievable.
There is a good reason why the business end needs to be separated from the affiliate side... which still needs a clear line between the players. Wonder if the US Feds are going to pick up on this? v In any case, it is not good for the industry - another example of failed regulation offshore.... and possibly may lead to conclusions that affiliates are more than they actually are.
I was actually told many months ago that the principals at CAP were the beneficial owners of Cardspike.
But anyway, now that the cat is out of the bag, I can confirm that what I have been told is far worse than anyone might imagine.
My understanding is that principals at CAP, which claims to certify programs and represent affiliates, are running a rogue operation and ripping off affiliates on the side.
And they have an ownership interest in Affiliate Speed Pay too.
Michael
What we don't know can hurt us. I don't understand it all yet but this is devastating. Affiliate trust factors continue to dwindle.
I will continue to stay away from ASP as well. Thank you kaus, Michael and all for the warning.
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Paula
Vactioning on sunny Exile Island.
The Following User Says Thank You to mojo For This Useful Post:
CardSpike / CAP / Gambling911
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