jsearles and Chinamaniac debate about the value of his WSOP pieces

[jsearles22]

Not that anyone should really be surprised, but China is outright lying about his past BAP results. He has published that $1000 invested had a 20% return so $200 profit when he in fact returned $188/thousand invested. This could be looked at as just careless rounding, but I disagree. Ask any business in the world if they simply fudge 1.2% off the bottom line?

So this got me thinking, has he been stretching the truth all along? So i decided to look into his first BAP that he claims had a 100% ROI. Imagine my surprise when I stumble upon this:

http://www.donkdown.com/forum/6000-c...ml?hilit=stake

Its pretty plain that his numbers arent adding up.



So after China rounded up, the first stake ended at a 75% ROI even though China has been trumpeting a 100% ROI? So two baps and China hasnt accurately portrayed the results of either one of them to future investors?

I went off the top of my head for the first BAP as I typed this up in literally 10 minutes and I used the word "roughly" when describing both ROIS after closing the other thread. My thought process when typing the first BAP was I remembered Tommyboy investing roughly 2k and paying him 4k and the similar with IV because they were the 2 big checks I wrote hence why I used the word "roughly". Tommy actually invested $2250 and was paid close to 4k which would be 75% and would make you correct.

If this makes anyone change there minds then then can have their shares refunded for this stake if they think I was maliciously lying trying to sell shares lol.


While we are at it I will add one ROI that I didn't post in the thread, I have a rough, 200,000 to 300,000 ROI on cash game investments in my career.


I actually rounded up most of the guys on this stake and probably paid out over an average of 20% when the profit was actually 18.88 % that was earned but I still paid more. I even gave my biggest backer a bonus of $100 for buying half of the last stake as well. So in actuality the average ROI on this stake was over 20% paid out overall not including the $100 bonus

When talking about an "investment" you cant say roughly 100% ROI when its actually 75%! If someone invests $1000 there is a big difference between getting back $750 profit or $1000. It looks worse for you when you have two BAPS and you havent calculated the % correct on either one of them. I gave you a mini pass on the 1.2% fudge but 25%? And dont give me this "typed it up in 10 min" line either. I could show you multiple posts across multiple forums where you have been saying "doubled their money" or "100% ROI" for months. Its simply not true. Furthermore, the bulk of your ad is copied and pasted from previous BAPs

Also, your probably paid over 20% is BS too. Here is where you posted the numbers:
http://pokerfraudalert.com/forum/sho...ke-Thread-Rail
Are you claiming that anyone with $1188 was shipped $1200, the $594s were paid $600, the $59s were shipped $60, etc? Would you be willing to verify that? And the $100 bonus doesnt factor in either, unless you are being purposefully decietful. You cant tell all your backers you returned 20%, then give them 18.8% but trumpet a bonus you gave 1 of the multiple backers. I dont see how any of this makes sense to you? Your full time job is this stuff but you feel its ok to offer up incorrect results becaue you said the word roughly?