Out to Lunch: WSEX.com Vacations As Customers Get Screwed

 

Troubled online gambling website World Sports Exchange (WSEX.com) has apparently gone on sabbatical, at least for now.

Customers, some of whom have been waiting for payouts over six months now, complained this past week that they can no longer get through to live support.

“They don’t even have receptionist anymore, its just a recording,” posted one disgruntled customer on the SBR Forum website.

Another customer wrote:

“For the first time in months they don't respond to my email/s at all. Usually within a day I'd at least get some kind of response. Even if it was an excuse it was good to know someone was home with a pulse.”

World Sports Exchange was co-founded by Jay Cohen, a former nuclear engineer, who later served just shy of two years for violating an obscure “Wire Law” in the United States.  The US government contended at the time it was illegal to accept bets over the phone even when World Sports Exchange was based on the Caribbean island of Antigua, an online gambling hotbed. 

During his time in prison, WSEX.com operated flawlessly.  Since his return, the company has all but collapsed.

The irony in all of this is that Cohen regularly appeared on posting forums berating his competitors when even the slightest customer complaint found its way on message boards.

WSEX.com recently lost its license in Antigua after nearly 14 years of operating there.  

Gambling911.com readers for the most part have not been affected by the WSEX crisis as the website has never accepted ad money from World Sports Exchange.  

Some customer payouts continue to trickle out.

To date, Cohen refuses to offer any type of explanation for the slow payouts. 

Jagajeet Chiba, Gambling911.com

Submitted by C Costigan on Sun, 07/18/2010 - 19:00
Tags: 

Comments

Re: Out to Lunch: WSEX.com Vacations As Customers Get Screwed

Fri, 11/05/2010 - 12:57 — Guest
They promised me 10 business days from the time of processing? Well today was the 10th business day and now they said that you should receive sometime this month? It's the 5th? WTF I use a few other books and get money wired in a week? I tried this for cause I used to use back in the day... Well I was depending on this check to pay some bills! This really sucks.....

Re: Out to Lunch: WSEX.com Vacations As Customers Get Screwed

Mon, 11/01/2010 - 19:48 — Guest
I too have been waiting for nearly 2 months. I used the site in early 2000's without any issues, a little slow but not this bad. The worst part is that they cannot even say where I am "in processing". How hard can it be to cut a check and put it in the mail. This is no way to run a business.

JAY COHEN IS A SCUMBAG

Mon, 10/18/2010 - 00:02 — Guest
if wsex lost its antigua license as you state how come they are still operatingin antigua? why hasnt the govt there shut them down? it means thelicense is meaningless

Re: Out to Lunch: WSEX.com Vacations As Customers Get Screwed

Sun, 10/17/2010 - 21:47 — Shelby23
I have 4 checks that has been over 6 months which they have not paid out. They even sent me an email saying they would give 30% bonus if I put it back into there sportsbook if not they would send me the money within the week which has been 3 weeks ago. I would stay away from this sportsbook because they are terrible and have no faith in getting my money. They suck.

Re: Out to Lunch: WSEX.com Vacations As Customers Get Screwed

Thu, 09/30/2010 - 21:56 — Guest
I have been waiting on a $175.00 payout for over a month.

Re: Out to Lunch: WSEX.com Vacations As Customers Get Screwed

Thu, 09/02/2010 - 23:54 — Guest
these guys are thieves. don't send money.

Re: Out to Lunch: WSEX.com Vacations As Customers Get Screwed

Mon, 07/19/2010 - 13:24 — Guest
"Gambling911.com readers for the most part have not been affected by the WSEX crisis as the website has never accepted ad money from World Sports Exchange. " Flawed logic.