Poker Pro Nick Rainey Involved in WSOP ScamSunday, September 18th, 2011 by Ryan
There have been quite a few times in recent months that reports have come out about online poker scams or live poker scams. And this week brought one more interesting poker scam, involving a player who has worked with some of the bigger names in the poker world. Nick Rainey has been an assistant to some big names in poker, like Andrew Robl and Patrik Antonius. He has also had a fair share of poker success himself, as he pulled out a 106th place finish in the 2010 World Series of Poker Main Event, out of a field that included over 7,000 total players. The came up when the website, nickraineyisathief.com was created and quite a few interesting stories came out about the poker pro.
The story that was recently released was that Rainey had sold multiple shares of the $10,000 buy-in to the 2011 World Series of Poker Main Event, but he actually never played in the tournament after the shares were sold. He posted on the popular poker forum TwoPlusTwo, and stated that he was selling 60% of his WSOP action, with 30% available at 1.25 to 1. He had no problem selling his action, and when the event began, he posted on his Twitter that he had unfortunately had a brutal day and busted out of the tournament. It came out a bit later though, that his name didn’t even appear on the official World Series of Poker Entrants’ list, meaning that he never even bought into the Main Event. His Twitter, Facebook, and blog have all recently been deleted, and he apparently does not respond to any text messages or emails from those investors who are, understandably, very upset about being completely ripped off.
After Rainey received the money, he moved to Canada with all of the investors’ money. It is reported that in Rainey’s poker career he has just seven total cashes for $118,557. His biggest cash was the 2010 Main Event cash where he made $57,102, and while he hasn’t had any big wins yet; he is still a very well known name in both online and live poker. What is interesting about Rainey’s move to Canada, is that he posted on the TwoPlusTwo forum before his entrance into the event stating that he was selling many of his possessions to move to Canada. He was then confronted in that forum about the situation with paying his potential buyers, and he said that he has contacted everyone who bough action and that it would be taken care of.
Unfortunately, nothing has been taken care of, and when he was confronted about the situation, Rainey said that the checks that he sent to his investors must have gotten lost in the mail. After this, came the time when he deleted all of his social network sites, and his blog. It will be very interesting to see how this all plays out, especially now that the situation has become public. It seems that no one has any way to get in touch with Rainey, and that he has distanced himself from anyone that would have knowledge of is where about.