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Revenue Jet Arrests a Wake-Up Call for PlayersPublished July 31, 2015 by Lee R
All online players have to keep current on their favorite casinos in order to protect their own financial data.
The shutdown of online affiliate program Revenue Jet reveals some of the pitfalls of online gambling.
Too Good to be True
The Revenue Jet Affiliate program appeared to skillfully combine personal service with quality casino brands enabling the utilization of tools and technology to market online casino games.
The generous commission only added to the allure of their service, with a 45% revenue share spread across 5 flexible payment options. The statistical provisions and tracking made Revenue Jet marketing an ideal affiliate model.
Thursday, along with fellow affiliate program Affactive, all Revenue Jet were shut down on the heels of the arrests of the owners of the two groups. These programs are now offline, and all former, current and prospective players should take heed—to the point of examining the activity history of any personal financial information that they had on file with Affactive or Revenue.
Arrested in the scandal are Gery Shalon, 31, Ziv Orenstein, 40, and Joshua Samuel Aaron, 31. A fifth suspect, Joshua S. Muel Aaron remains at large. All are accused by the SEC US authorities of engaging in "pump and dump" stock manipulation schemes dating back to 2011, artificially inflating penny stocks to the tune of a $2.8 million scam.
Further FBI documents link Shalon and Orenstein to the 2014 JP Morgan hack of gigabytes of customer account data.
Revenue Jet promoted casinos like Loco Panda , Classy Coin, Grand Parker and OnBling. Additional reportedly rogue casinos owned by the suspects include Classy Coin, Begado, Ruby Royal, Slots of Fortune, Grand Macao, and Slots Jungle. It would be prudent for players at any of these casinos to take measures to protect themselves and their data or change that financial data accordingly.
The shutdown of the casinos is characterized as part of a larger financial conspiracy linked to the JP Morgan attack that will continue to be fleshed out.