Nicholas Maderia Accused of Defrauding Poker Players and Running a Ponzi Scheme
I did an investigation into a person accused of many of stealing & scamming, and here's the write-up and a YouTube live on it.
Quote:
HOPEDALE, MASSACHUSETTS, USA (Poker Uncensored) – Poker Uncensored has learned that Nicholas Maderia is accused of stealing money and defrauding multiple poker players. Mr. Maderia, who also uses the name “Nick Medar,” is alleged to have stolen thousands of dollars from people who used him as their agent to play in online poker clubs including PokerBros and ClubGG.
In July 2024, Jordan Blocher made allegations against Mr. Maderia, stating in a Facebook post[1] that Mr. Maderia stole $7,300 from him. Mr. Maderia, when asked about the money, then blocked communications from Mr. Blocher.
One source, who requested to remain anonymous, told Poker Uncensored that Mr. Maderia owed someone approximately $4,000. A person who reached out to Mr. Maderia to advise him to “settle up asap [as soon as possible]” with people he owed money to posted on Facebook that they were blocked by Mr. Maderia after providing that advice.
One club that Mr. Maderia is known to operate is the HYPERNOVA poker club, with Club ID #818250 on ClubGG. In the past, Mr. Maderia ran clubs on PokerBros called “NEPTUNE” and “COSMIC,” but these clubs have allegedly closed down.
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On August 21, 2024, Charlene St. John Devens publicly made allegations that Mr. Maderia is holding her money. In a post[3] on Facebook, she wrote: “Last night I asked him to send another portion [of my balance]. He said he would send it this morning. I asked him several times today. He ignored all my requests. When he did respond I asked him for my full balance… He blocked me on Venmo. He kicked me out of his club. He blocked me on Facebook.” Ms. Devens provided evidence that she had a balance of over $339 in the HYPERNOVA poker club.
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Another source, who asked to be kept off the record, described Mr. Maderia as a “con artist,” saying that he was running a Ponzi scheme by using player deposits to cover payouts. Made famous by Italian swindler Charles Ponzi, a Ponzi scheme enriches the schemer because they steal money invested or deposited for themselves while using future incoming investments or deposits to pay out others. The source indicated that Mr. Maderia would delay payouts to players so he could wait for deposits to come in to cover the payouts. In effect, Mr. Maderia is said to be stealing player’s money to use for his own purposes rather than keeping player funds safe and segregated. Ponzi schemes ultimately fail when the outflows exceed the inflows, and the runner of the scheme can no longer pay people out.
Link to full story: https://www.pokeruncensored.com/2024...efrauding.html
YouTube Live: https://www.youtube.com/watch?v=ljUxcxw6WUw
