Update

We really do try everything we can to get hold of a basic capital. It doesn't look too good at the moment.

We'll continue trying everything we can and we do it for the best but we can't promise anything.

If there will be a repair of damage it will take surely take a few years.

There simply is no faster solution.

We continuously receive quite a lot of advice but non of them are remotely realistic.

You can set your mind at rest that we will try anything and play with every thought that comes up.

It's a fact that the money is gone and we can't do anything without money. We'd have had to start all over and build ourselves to the current level. With the charges pressed against us this isn't all that easy.

We'll keep at it.

Advice of loss

We don't need any more advice of loss.
30% have been checked and there are almost no deviations from our database.

The total value of losses is at 768,882.44 USD.
Many people made profit mainly because we were active longer than almost everyone else and because we couldn't really sell shares while we were at our zenith.
Therefore we introduced a few promotions.
Over the course of over 5 weeks we paid out more than 6 times as much as we earned. At this time lots of shares were sold, especially in foreign countries. A lot of people sold all of their shares and cashed out. We had to half our set-network. Now we are happy about that because all of those people went without a loss through the Betshare Crash.

The loss which still stands is the aforementioned sum and this hurts and hits hard.
Currently we are in no situation to help. We neither have an income nor the peace to start betting again.
One really needs peace to observe, analyze etc.

In the last years we had our backs covered and we could do all this but now we are stabbed in our backs and we have to be careful.
Many times we have already regretted going public. If we had lost our own money we could have continued with the leftovers and we would have had peace. But we too are humans and are susceptible to greed and wanted more.

We have all learned our lesson for the future.

Criminal Complaint

If somebody pressed criminal charges against us they should send us the reference number. That is the only way our lawyer can do something about it. Otherwise our hands are tied.

Whoever pressed charges is excluded from the payback-program and would have to sue Betterbets Group by civil law for the money because a small part of it is frozen on accounts in Hong Kong. This could take a few years.

Because a few have changed their names we will later have to do a complete verification and compare that to our current list.

The contract was nothing else than a measure so we can transfer the money from electronic accounts to banks and then back to electronic accounts. Nowadays you can't just simply move such an amount of money. We had to prove where the money came from and that worked out well with the contracts.
Furthermore we did inform about the risk and that information was very important to get to all of you. With it everyone should be disadvised to take out a loan to invest in Betshare. One should never use money which is vital, even more so if there is the possibility of a loss (which is inevitable with betting). There were many irrational users and that's why we tried to inform everyone a bit more. This led to 10 times more payouts than before the contract. Our goal was met because the risk awareness was positively influenced for the most part.

Like with every other investment we wanted to clarify that one should only invest an amount one is prepared to loose. Even if the chances of a loss are very slim. Unfortunately we experienced an exceptional case which destroyed everything.
Under normal circumstances there should have been no more than 15% losses. We know what we are doing we can and want to continue like that.

We currently have 5 suspects but theoretically it could have been everybody. One only needs to try to intrude our servers from outside.
All passwords were stored on the server and all Bitcoin wallets for payout were installed and functional. We should have added more security at that point but because no one knew the server IP we didn't even think about an attack.

This case can't be solved. We talked with experts and it doesn't matter if and where we investigate we will never catch those who hid under a wrong identity and will remain hidden. The identity which was used on the PM accounts was faked. Bitcoin can't be investigated because it was split over more than a thousand payments. It would take years if it was possible at all.

We did everything we could from our side, more is just not possible. Within a short time we will make an offer which can be accepted or denied. We will certainly use the rest of the money to work ourselves up again from a secure distance. Everything else would be irresponsible and plain wrong.

We are ready to cooperate, if that is possible, but we will be very cautious about it.

Identity

It was only a question of time until our Identity would be made public or, to put it in a better way, found out by the wrong people. We didn't really hide to be fair.
The thing is if we ever read our surnames on the internet it will only be a question of time too until we disappear altogether. Somehow or another.
Either we get disguised or we have to completely go into hiding.
We have been hacked and there is almost no money left. What can we do from now on?
Everyone knew what they were doing. We advised against it and made clear via the contracts that one can always loose money.
It's correct that under normal circumstances a loss should not have been possible.
But no one saw the hack coming.
We know that the hack originated in our own rows from people who worked with us but there is nothing we can do.

We will figure something out as soon as possible.

Update

Good Sunday to everybody.

The core of our group has found an accommodation and a lawyer in Hong Kong. From here we can search for solutions with our business behind our back.

If we would still be living in Germany it would be pretty dangerous for us and the money.

We are already target of investigations and those who know our identity have been waiting on our doorsteps.

If we can't work without disturbance how are we supposed to generate money. The money has as a matter of fact been stolen and lost and we can't bring that back.

Rebuilding our betting network is currently financially impossible. The volume which we are able to generate is merely enough for the rent and the lawyers.

Surely we want to cooperate but with a total volume of 1.5 million dollars we have to abide by the rules. This isn't fun and games, especially for the department of prosecution. They could detain us solely because of flight risk. Many of the so called HYIPs didn't even make a tenth of the 1.5 million. We definitely belong to the upper tier and it doesn't matter at all if we used the money for betting or not. We are not allowed to collect money without permission. Period. Even the contract we set up doesn't help us because the offense happened in the past.

Legally speaking we currently have no money but we have been collected some. This means that for every dispute Betterbets Group is held responsible. Without questions. We still have to face the consequences of collecting money without permission. Even if this is not classified as a scam it would certainly make our lives more difficult.

Because our bank accounts have been frozen the investigators already know our names and would most likely give them to the German agencies.

It is only a question of time.

As you can see there are enough reasons to leave the country. Don't look it at as "fleeing" but as an action to protect us and you. If we go belly up no one will receive any money back.

According to our lawyers we are legally fine here in Hong Kong. The company has the responsibility for the business and earning profits but we have the moral responsibility of paying the money back as long as it's possible for us.

Offers

It's not like we are forced to do that.
We want to pay back. I don't want to discuss that anymore.
A few people already know about the following, mostly those who are involved.

Offer A)
We take all the money which is left and invest it. Not betting with it because we would have to reactivate our network und probably have to be on the run until we would have payed back everything.
Then we will throw out everyone who has already made profit.
Then we will incorporate everyone who made losses into a new website.
There, everyone receives one share for each $ lost.

New shares are not available for purchase, obviously.
There will be a return which we generate outside of our company.

As soon as everyone gets their money back, we will cease operations and that's it.

Offer B)
The same as offer A, the difference being that the return will not be available for withdrawal but automatically reinvested, so it would be faster. In this case we would make a public investment in which everyone would have insight.

In our opinion offer A would be more satisfactory because money would be payed our monthly.

Ceasing Operations

We won't return to normal business operations.

The last two tasks we will complete are:

1. Looking out after ourselves which is now necessary because of all the legal complaints.

2. Unfreezing all the money so we can multiply that and payback the money which was deposited.

After that we will run this business only for ourselves, it was a bad decision to go public.