Current Situation

This is concerning several blogs and forums where people allege things that are simply not true.
I don't believe that someone gets a glimpse into the accounts only because they have a bit of connections left and right.

We have decided to consult an attorney. They will act and react in the name and in terms of Betterbets Group limited and with that for us.
It cannot be that people are insulting us and at the same time demanding money.
The money is gone. We have a lead but there were we already thought the money is they already covered it up. Nothing is traceable there.
Also anyone who really wants to report us will have it easier and through that way we can find an agreement or not.
The attorney will let us know on Monday if he takes over the mandate or not.

Legally. as assumed correctly, we are not obligated. But we want to make things right.
No one was cheated and no one needs to feel duped.
We can't take the money which is still here and split it up percentagewise. That would happen if our accounts get locked.
The prosecutor would freeze the money provided if a court order in Hong Kong can be obtained. Then years would pass of examinations etc. etc.

I can tell you exactly that everyone would then get 5% of his amount of loss and that would take minimum 2, 3 or even 4 years.
If we are forced, we would certainly give up our private holding. Adding on all our private holdings would mean ca. 7% for everyone.

That's the official method. Because we are making real bets, we wouldn't be convicted for fraud but for collecting money before the founding of our company and that without the permit from the authorities. That of course would be bad for us but because we live in Germany that hit would hurt even extra.
But is that what we want to achieve together? Should that be the result? Sure, you maybe would get 7%.
There's also that anyone who is in the black would be investigated by the police. Especially those who have advised. Each connection would be brought to light. The penalty would be definitely higher then the 7% you'd get from Betterbets Groups.

There is no pretty path when you get robbed and the money belongs to someone else and I say it once gain, legally and on grounds of the new contract and due to the fact that we are dealing here with gambling we are not obligated but of course we want to find a way to the satisfaction of everyone involved.
The share capital which is still left can be used as a basis or get frozen.

In the worst case, if we approach it in a very conservative manner, without any risk and only chosen investments combined with a few bets, then we would generate 0.5% per week,
If we want to pay back ALL payments, also the ones who already made profits, then we would need 200 weeks. That's four years, where once a month 2% of the amount is available for pay out. Mind you this is judged with the worst result to make no unrealistic promises.
That's exactly how long it would take with the prosecutor but then the money wouldn't be running and the result would be 5 or maximum 7% minus the costs.

Should our assets not be available then our hands are tied.

But there already some investors who have offered on a voluntary basis to invest money and to "donate" half of the profits to raise our base capital and to increase the speed of our compensation payments. (Please, no further offers needed. There were already enough offers, plus we have to find a secure investment in which the investors don't have to give away money. For example trading at DAX for an own trading account)
We have to check if that actually worth considering. Last year when we planned the hedge we received some great offers which can help multiply the money. But we haven't found out to this day what of it is good or bad.

Me and the whole team understand your anger because it's the same for us. We are glad that most of you still stand on our side. Yes, it looks odd and it doesn't smell good and one could make out many stories. But the truth is the most bitter pill at the moment.

Our team and we both really hope  that we will get on our feet again and that we can continue there where we last stopped. We want to touch and change other people's lives in a positive way. What happened here is most certainly not on our agenda.

We have to wait if and in what form reports exist. We already know that there are reports. Some made reports for fraud but where is the fraud? We asked that question the police after they made a house search at one of our team members and the only told us that we should contact our attorney, they would be the one to explain that.

The attorneys have to clear up on all fronts, with the police and other attorneys which will be working against us. We keep ourselves out of that commotion and try to clean up everything and start again.

However this will turn out, I would look forward to when we will stand again at that point in a few years where we were a month ago. And I am certain all of us are hoping for that.

Frank, Jörg and the team

P.S.:
Due to that we want new inventories of the damaged parties because we want to help only the ones who won't to put obstacles in our way.