Eurolinx rips off accounts

Marc Karam and Tom Dwan get ripped off by Eurolinx

August 29th, 2009

Marc Karam is a former Eurolinx pro who was sponsored for 3 years by the site. Eurolinx went out of business August 20th as it was shut down by the MicroGaming network that runs its software. Marc Karam states that he was a pro there and an affiliate making 100% Rakeback and up to 20k a month from affiliate referrals. As Eurolinx was suffering, the owner Jo Remme asked Marc Karam to borrow $200,000 for advertising. Marc was doing very well at the time and had over $1,000,000 in his account and reluctantly agreed to lend them $200,000.

Photo Marc Karam aka Myst

Eurolinx poker

Following is from Two Plus Two forums:
I had over $1MM at one point before that in my Eurolinx account and things were going well for me. I wasn’t too keen on the idea of lending money, so since I wasn’t getting paid tourneys anymore, he offered to completely cover the costs of launching my own “white label” skin for my brand (mystpoker.com), with me keeping all of my referred players, and taking 25% of my net profit for running the site. He told me the site would be up and running in three to four months. A few months earlier, I was contemplating buying a decent piece of Eurolinx, but I didn’t like the fact that I wouldn’t have control of anything.

Sadly the site shut down and is being liquidated. Marc is unlikely to see his money that was in his account or even get the money he lent the company. The total money he had in his account is unknown at this point.

Message from Eurolinx.com

Tom Dwan aka Durrrr chimed in on the thread stating that he was also owed 183k.

So I’m estimating that the site ripped off players in excess of at least $1 million dollars and probably over $2 million. This is just a hypothesis and not actual factual data. It’s based on Marc losing 1 million, Durrrr 183k, and others who are posting in the forum.

This is one of the reasons I only play poker on the largest poker sites. You risk your bankroll when you deposit money on to these skins of Microgaming and other networks. These players will never see their money again because the shady owner of Eurolinx.com probably has spent most of it and has hidden the rest.

Sources
http://web.archive.org/web/20071027054413/www.eurolinx.com/en/content.asp?section=myst
http://www.twoplustwo.com