Here's fun reading on scum de la scum scambag Mr. Nolter:
ARTICLE THAT MENTIONS NICK NOLTER
From the Prescription Sucks Newsletter - May 28, 2002
THE PRESCRIPTION SUCKS
A Newsletter Written To Tell The Truth About A Web Site Of Lies...Volume I, Issue 6Released Tuesday, May 28, 2002
THE PRESCRIPTION SUCKS is written by professional handicapper Kelso Sturgeon who, while gathering information for a new book, The Complete Guide To Sports Betting, discovered a web site that is not quite what it says it is. Not only does it suck, it lies a lot.
NICK NOLTER OF VBUCKS RUNS ONE OF THE BIGGEST SCAMS AND CRIMINAL OPERATIONS IN THE COUNTRY!
By Kelso Sturgeon
Nick Nolter and his credit card processing companies that serve the offshore betting industry may well be one of the biggest criminal enterprises in the United States. Until now, Nolter, who operates out of a nondescript storefront in a strip mall in Fort Lauderdale, FL, has had his way with everybody, but the noose is now tightening.
The man who once bragged he owned the Fort Lauderdale police department, had not paid income taxes in 23 years and had important friends in high places in the federal government may be entering the last stages of a shady career that is stunning, if for nothing else, the amount of money he has stolen from innocent people. There is evidence it is in excess of $30 million.
His latest victim was the offshore gaming company TropicalBets which had to close its doors when Nolter refused to give the company more than $300,000 in charges it had processed through Vbucks, a company he set up to scam the offshore industry.
TropicalBets was at least the 30th major victim of Nolter and, if some of those he has robbed have their way, it will be one of the last.
One former key employee of TropicalBets is so angry with Nolter and the pain he has caused in bankrupting this company that he has vowed to do anything he can to bring the guy down once and for all and, along with him, his front man Reuven Benami.
He said his first stop would be the Department of Justice in Washington, DC, where he intends to be Thursday of this week. The man said he was bypassing the federal government in Florida, just in case Nolter told the truth for a change and does have friends in high places. He said he would cast his lot with Attorney General John Ashcroft.
So what makes Nolter so high on many people's hit list?
It is simply his outright blatant in-your-face thievery, which he carries to a level organized crime families would find embarrassing.
But let's start at the beginning. Nolter at one time had an office in San Jose, Costa Rica, but was forced to leave there in the middle of the night when he found that those being robbed didn't have a sense of humor. He still lists an office address on the fourth floor of Officentro La Sabena #7 but that office simply does not exists.
He uses that address as an address for the scores of gambling sites he owns, since to operate them from the United States, which he does, is quite illegal. Officentro is really 1330 East Commercial Boulevard in Fort Lauderdale.
In addition to being in the gambling business with his own casinos, horse racing sites and sports books, Nolter also has more than 150 pornography sites, several web sites running stock market scams, at least a half-dozen running real estate and property scams and several other bogus credit card companies. This is all in addition to Vbucks, which is his biggest credit card company.
Nolter brags he is able to operate in the world of MasterCard and Visa because he has bribed his way into a Miami bank and then found in Turkey another bank which actually appreciated his creative efforts. These two banks are the backbone of his business and the only reason he can stay in business.
The offshore world was first introduced to Nolter when he signed up several offshore books and on-line casinos to process their charges. Some of these customers received a few bucks, the rest nothing.
Within two to three weeks after signing a contract to do business with Nolter, the offshore gaming companies were told they could not be paid because of their chargebacks. Nolter would then point out the contract they signed permitted him to cancel the arrangement if they had an unusual amount of chargebacks.
Even when companies protested, telling Nolter they did not have chargebacks and that it was impossible to have any in just two or three weeks of operation (it takes about 60 days for the first chargebacks to hit), he just laughed at them. Shortly thereafter, he would not take their telephone calls, but he did take and keep their money.
This is a scenario that has played itself over and over again as Nolter has robbed and bankrupted company after company.
One company was so outraged at what had transpired with Vbucks that it literally sent a hired gun to Fort Lauderdale and, with a cocked gun in his mouth, Nolter coughed up in cash more than $53,000 that was owed.
He was better prepared the next time, however, and had the motorcycle gang that also runs drugs out of the Fort Lauderdale storefront pistol whip the next guy who came looking for his money. Today the role of this gang of bikers has been expanded and it now also provides Nolter with around-the-clock body guards he desperately needs.
Even with his ins and these shady banks, the credit card processing market has begun to dry up for Nolter as his modus operandi has been exposed, but this has not stopped him from keeping this criminal enterprise going.
He is now in the business of selling turn-key casinos to an unwary public.
Benami fronts that operation, working to sell the casinos for $100,000. For that $100,000 buyers get the casino, the ability to process credit cards and a list of active customers.
Of course, the active customers come from the database Nolter has stolen from offshore gaming companies as he processed their credit cards.
In other words, this guy steals your money, then puts your customers into his casinos and, after draining them and not paying them, makes some of them part of the $100,000 package deals Benami is selling.
Someone close to Nolter says he even has an end game. When he has plundered all he can from database, which includes the personal credit card files of more than 600,000 citizens of this country, he's heading to Russia to sell this information to enterprising criminals there.
Russia has become the credit card counterfeiting capital of the world and Nolter's database will be invaluable because it has the name and address of the card holder, his social security number, the number of the card and its expiration date. The potential here is for the biggest one-man credit card theft in history.
This man's life has been a never-ending uncontested process of theft. The guy from TropicalBets intends to end it all-and soon. He said he would not stop until Nolter, Benami and all those associated with this operation, are wearing stripes.
In the meantime, do the offshore gaming industry and the unsuspecting a favor and tell everyone you know that Nick Nolter and Vbucks is an absolute scam and criminal operation. There is nothing legitimate about it.
