Instagram’s NYPokerKing Promoting ‘Ponzi scheme’ Claims Chase Bianchi

Poker pro Chase Bianchi has taken to Instagram to accuse Pokerclub.ag and its chief promoter Adnan Mohammed of running a ‘Ponzi-like business’ after discovering that the site doesn’t hold all the player funds, leading to slow or non-existent withdrawals.

For Brooklyn-pro Mohammed, who has some $230,000 in tournament cashes on Hendon Mob, it’s not the first time he has been called out over alleged scams, an entire Instagram page devoted to his dealings in the poker and wider gambling world, as well as at least two 2+2 poker forum threads detailing his ‘activities’ in poker and sportsbetting.

The latest in a long line of disputes involving self-styled ‘nypokerking’ Mohammed has seen Bianchi stating that withdrawals being processed only when a deposit is made by another player is:

“…a MASSIVE red flag that implies at worst they don't have player funds at all and are running a Ponzi-like business.”

Those behind the Pokerclub.ag site are unknown at the moment, although many believe that Adnan Mohammed himself is running the entire show.

One poster on 2+2 late last year responded to a sportsbettor who was having trouble getting paid by Mohammed, stating:

“If you couldn’t figure out that his imaginary friends platform was a scam then you deserve to lose the $287. This guy’s poker career has been funded by scamming, he can’t beat the games. He scammed someone else out of 3500 doing the same paypal bet rig. He will get his ass kicked soon.”

On today’s thread re: the Pokerclub.ag ‘Ponzi scheme’ claims, posters are already on the case, ‘markdirt’ writing: ‘This site is clearly not a safe or trustworthy place. If you choose to play here, accept the consequences when they inevitably arrive’, while ‘backdoorflush’ offered up the following: 'No auditing, no regulation, and no responsibility. What could possibly go wrong?” – answering his own question with the ‘spoiler reveal’… ‘Full Tilt’.

Bianchi later edited his post to add that he “spoke with Adnan on the phone” and was given explanations for the unusual withdrawal practices – Mohammed apparently stating that they “process smaller transactions by matching peer to peer to avoid PayPal and Venmo issues” - but Bianchi ends by saying:

“I hope that the warning signs are simply warning signs, but what you do with the information is up to you.”

Both Adnan Mohammed and Pokerclub.ag have been contacted for a response to these allegations.