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One of the most respected online gambling industry analysts, Michael Corfman, has confirmed that individuals behind Casino Affiliate Programs (CAP) and Poker Affiliates Program are involved with running CardSpike.com, an online poker room that is reportedly stiffing a number of its affiliate partners.
Corfman operates CasinoCity.com, the first casino directory on the web. Casino City Inc. was the first online gambling interest to file a lawsuit against the US Government, claiming its right to exist under the first amendment.
"I was actually told many months ago that the principals at CAP were the beneficial owners of Cardspike," Corfman said in a statement. "More recently I became aware that Cardspike had such a bad payment record that it should properly be considered a rogue operation.
"Still, I kept quiet and did not say anything. Perhaps I should not have stayed quiet, but there are limits on what level of attack is appropriate against a competitor, especially when that competitor is quick to threaten lawsuits ... a topic for another day.
"But anyway, now that the cat is out of the bag, I can confirm that what I have been told is far worse than anyone might imagine. My understanding is that principals at CAP, which claims to certify programs and represent affiliates, are running a rogue operation and ripping off affiliates on the side. And they have an ownership interest in Affiliate Speed Pay too.
"So you have an organization being paid by affiliate programs to help them establish new affiliate relations that is, behind the scenes, using the affiliates who are referred to them through those programs and through affiliate speed pay to promote Cardspike, which is their own beneficially owned online gaming operation.
"And then you have Cardspike, which is an online gaming operation beneficially operated by US citizens, that accepts US players. Simply unbelievable. What goes around comes around."
