;
  • Report:  #431639

Complaint Review: Crystal World Holdings & Chris Rabalais - HUMBLE Texas

Reported By:
- Christchurch, Other,
Submitted:
Updated:

Crystal World Holdings & Chris Rabalais
12419 FORT DUPONT LN HUMBLE, 77346 Texas, U.S.A.
Web:
N/A
Categories:
Tell us has your experience with this business or person been good? What's this?
This company was setup to silence the irate players of allsportsmarket.com platform who had their player trust funds stolen by the company's CEO Christopher Paul Rabalais.

Chris has promised players shares in Crystal World Holdings to the value of their account balances.

He offers no proof that this company is worth anything, other than ownership of an unapproved patient relating to a new sports gambling system that cost $220 to file.

Since the collapse of allsportsmaket.com Chris has made liable statements and attacked sharescam.com a forum setup for players who lost money in his scam. In his statements he makes out this forum to be some sort of pirate and extortion site.

He has been caught making all kinds of threats to the domain register, the hosting provider and even the sites members.

I would ask him to stop making these threats to these people and to myself.

It is not our fault that you are currently being investigated by the SEC, it is your own fault for breaking the law.

Share Scam

Christchurch

New Zealand


21 Updates & Rebuttals

Chris

Pasadena,
California,
United States
AllSportsMarket (ASM) Covered by CNBC, Forbes, The New York Post and Others - Where is proof of the negative claims here?

#2UPDATE Employee ..inside information

Fri, March 02, 2018

1. The Global Sports Financial Exchange trades pro-sports teams like stocks: https://www.cnbc.com/2017/12/15/global-sports-financial-exchange-trades-pro-sports-teams-like-stocks.html

 

2. Want To Invest In Your Favorite Sports Team? https://www.forbes.com/sites/daviddomzalski/2018/02/13/invest-in-your-favorite-sports-team/

 

3. A Christmas Story’ actor runs digital sports financial exchange: https://nypost.com/2017/12/03/a-christmas-story-actor-runs-digital-sports-financial-exchange/

 

Search Google News for "AllSportsMarket" and you'll find many more.

 

Where is the proof for all the negative claims in this report?


Chris Rabalais

Washington,
District of Columbia,
United States of America
Patent Vesting Update - June 17, 2011

#3UPDATE Employee

Fri, June 17, 2011

SportsRiskIndex - Systems and Methods for Risk Management of Sports-Associated Businesses patent is now pending in the following 44 nations:
 
United States

Belgium

Germany

France

Luxembourg

Netherlands

Switzerland

United Kingdom

Sweden

Italy

Austria

Liechtenstein

Greece

Spain

Denmark

Monaco

Portugal

Ireland

Finland

Cyprus

Turkey

Bulgaria

Czech Republic

Estonia

Slovakia

Slovenia

Hungary

Romania

Poland

Iceland

Lithuania

Latvia

Malta

Croatia

Norway

Former Yugoslav Republic of Macedonia

San Marino

Albania

Serbia

Bosnia And Herzegovina

China

India

Russia

Canada

 

This list represents most of the G-20 worlds largest economies and the fastest growing emerging economies. Approximately 3.65 billion people live in these 44 nations representing almost 53% of the entire
world population. The total annual economic output of this list is USD $43.226 Trillion, which represents almost 70% of the entire world GDP.
 
All ASMA1 (Rainforest Internet Providers, S.A.) holders, ASM accounts that registered their valid legal claim before the expiration of the March 31, 2011 deadline and direct Crystal World Holdings, Inc. stockholders are vested in these patents. The aforementioned are also vested in the SportsRiskIndex,SportsFolio and The New Sports Economy
trademarks.
 
For more information visit: http://thenewsportseconomy.com/patent-important-documents/


Chris Rabalais

Washington,
District of Columbia,
United States of America
AllSportsMarket Compliant Accountholder Settlement Legal Process Initiating January 1, 2011 and Ending March 31, 2011

#4UPDATE Employee

Sun, December 19, 2010

Begin date: Saturday January 1, 2011 12:01 A.M. U.S. Eastern Time



End date: Thursday March 31, 2011 11:59 P.M. U.S. Eastern Time



Compliant former AllSportsMarket (ASM) trading account holders will be offered two (2) options for the final legal settlement of open balances:





  1. Exchange of common stock in Crystal World Holdings, Inc. (Washington, D.C.) for trader cash and sports derivative contract open balances. This excludes ASMA1 which was previously conveyed. My personal CWH common stock will be used and exchanged at a rate of $2.00 per share. This assumes the scheduled 40 to 1 split and a minimum listing price of $2.00 per common share. Sports derivatives will be valued at last tick at market shutdown. These common shares will be drawn from my personal holdings and a legal document will be executed to convey the transfer. A full release of liability and agreement to full settlement will be required by each ASM trader accepting the offer.


  2. A debt instrument will be executed describing the total sum of cash and sports derivatives (at last market tick) payable on the books of Crystal World Holdings, Inc. owing the total original balance plus interest at a rate of 6% per annum from market suspension until fully paid. A full release of liability and agreement to full settlement will be required by each trader accepting the offer.




No combination or other settlement mechanisms will be offered, entertained or agreed to. Any open accounts remaining from Friday April 1, 2011 12:01 A.M. U.S. Eastern Time forward will no longer be recognized by Crystal World Holdings, Inc. or any of its parents, successors, principals or affiliates.



Interested parties should join this social network (if not already a member) and contact me directly for instructions. Account information will be verified against our records and fulfillment instructions will be provided to valid holders. Time is of the essence.



Published this 16thday of December 2010.



By Chris P. Rabalais



President & C.E.O.



Crystal World Holdings, Inc.

1701 Pennsylvania Avenue N.W. Suite 300

Washington, DC 20006



NOTE: This is neither an offer of sale of securities nor an indication of a public stock offering of any kind.




Crystal world holdings, inc.

Washington,
District of Columbia,
U.S.A.
AllSportsMarket/SportsRiskIndex Stakeholder Update (Cover Letter) 2.20.10

#5REBUTTAL Individual responds

Sat, February 20, 2010

(This is the cover letter supplied to valid AllSportsMarket stakeholders. The documents referenced and additional materials will be provided to anyone following the instructions posted on the AllSportsMarket.com landing page.)

 The purpose of this narrative and explanatory material is to provide a detailed comprehensive understanding of the nearly 7 years of history behind this venture. It is my desire and intent to paint a complete and accurate picture and leave no major questions open and unanswered. I will stick to elements that are backed by evidence and can be validated with additional material. If I am offering an opinion or personal view, I will clearly state this. With my personal experience as an Internet day-trader in the late 1990s and after some developmental work assisting a company that wrote sports betting software in the early 2000s, I had a brainstorm. Why was there no trading market for sports-based financial instruments? With the unbelievable appetite and soaring market for online sports books, why was there no regulated alternative to trade sports like stocks? In late 2001, I began sketching some notes and making drawings of what such a system would look like and how it would operate. During the years 2002-2003 with the programming help of Ace Underhill, a prototype of the trading environment was built and testing began. We hired a hosting provider in Vancouver, B.C. and uploaded the first version. At the time, I was living with my Costa Rican wife in Costa Rica. So, it made sense to establish our operations there. We formed Soluciones Globales Optimas, S.A. (SGO) as the operating entity. A translated copy of the original incorporation documents is included in the documents folder and is titled: SGOCorpDocs. I sought and received legal permanent resident status. Ive included a copy of my cedula in the documents folder. For approximately 1 year we beta tested the platform and prepared to go live. On August 9, 2004, the market was started. The initial reception was overwhelming. We dealt with a whole host of technical, operational and procedural issues in those opening months. Since the market ran 24 hours per day/7 days per week, it was a non-stop around-the-clock job to keep everything in order. Since nothing like this had ever been attempted, we were heading down a new path and nobody knew what the next day would hold. For me, there was one very clear statement: We proved the concept. From the very start, I was very public about our overall intentions and declared it in our mission statement. We would build a regulated and legitimate platform for trading sports-focused financial instruments. In my view, the AllSportsMarket platform represented a proof of concept and demonstration tool from which to evolve into the final product. The guiding light was my internal dedication and public disclosure of this intended path and final destination at every point along the way. The years 2005 and 2006 were consumed by the constant tweaking of the configuration and trying to maintain the general order of the marketplace. We established a compliance department (the STCC) and developed fraud-checking routines in the market operating software to detect suspicious activity, multiple accounts, manipulation and irregular trading patterns. To maintain banking compliance with international anti-terrorism and money laundering laws, we started requiring our clients to submit identity and tax information. There was a significant faction of the membership that were holding multiple accounts, gaming the system and in major breach of the operating Terms of Service. These accounts were frozen. I began intensely studying the legal landscape looking for jurisdictional certainty for the market we built. To the best efforts of our investigations, we could not find laws prohibiting or permitting our operation. To me, this was an unacceptable status and would never allow us to reach our full potential. I made a public plea on the trader notice board to be proactively contacted by anyone familiar with our platform who had high-level connections to any Government Regulatory body (U.S. or otherwise). The purpose was to find a way to conform our model to existing laws or potentially seek the modification or creation of new laws under which to operate with legal certainty. I felt sure that a global sports stock market had great value for the sports industry, would generate tax revenue and serve the public interest in a very positive way. Not long after making that initial public plea for help, we became engaged with Woods Rogers and Woods Roger Strategic Solutions (lobbying arm) of Richmond Virginia. In the folder Woods.Rogers, you will find both engagement letters, the work blueprint and a memo on exempt boards of trade. During our discussions with Woods Rogers, they advised us that we should bring in an expert from another firm in Washington, D.C. This was our first introduction to Paul Architzel of the blue-chip firm Alston and Bird. He was described to us as THE expert in our field and a gatekeeper to the CFTC decision makers in Washington. It was not long before we realized that our purposes would be better served by a direct relationship with Paul and Alston+Bird in Washington. So, we moved this ahead and engaged directly. Paul suggested that we hire Sharon Brown-Hruska, the former Bush appointed chair of the CFTC, as our lead economist and sports contract designer. Both engagement letters are contained in the folder: A+B.NERA.Engagement. The redacted portions were due to these letters being used during a critical development phase. The redacted names are: Sharon Brown-Hruska, Paul Architzel and United States Futures Exchange. The initial scope of the work involved studying the existing ASM platform to find a path to evolve the system and the instruments traded into the U.S. Regulatory space under existing law. Due to an event trigger on match win/loss, it was decided that we should develop a completely parallel platform and a new instrument alongside the running ASM market. Alper Ozgit, an early ASM enthusiast, CWH investor and SRI co-inventor, focused a portion of his doctoral thesis on the original ASM design. Ive included a copy in the documents folder titled: Performance Based Sports Derivatives. We also produced a short video summary and it is uploaded here: http://www.youtube.com/watch?v=0d7E_TH6UfI. In early 2006, we received some major media coverage from the floor of the NYSE. A short clip is posted here: http://www.youtube.com/watch?v=RYIjgFOa9y8 With the understanding that we would be developing a parallel business to operate the U.S. market, Crystal World Holdings, Inc. (CWH) and Crystal World Markets, LLC (CWM) were formed under the direction of Paul Architzel at Alston+Bird. CWH would be the holding company for all intellectual property and the master entity. CWM would be a wholly owned subsidiary dedicated to the U.S. market development and operations. Both 2007 company formation documents are included in the folder along with our IRS tax number assignment notice. SGO (Costa Rica) would stand separately and continue to be the operating entity for the existing ASM platform. SGO would license any necessary intellectual property from CWH. Rainforest Internet Providers, S.A. (RF) would hold equivalent stakes in both SGO and CWH thereby vesting its own shareholders equally in the original ASM (SGO) and the developing U.S. operations (CWH). This arrangement fulfilled on the promise to vest stakeholders in the present business and future regulated market enterprises simultaneously. As time progressed through 2006 into 2007, it became apparent that we should focus our resources on CWH/CWM. Due to the continuing legal uncertainty of the existing ASM platform, we were advised by Paul Architzel at Alston and Bird to block U.S. clients. A copy of the legal opinion is provided in the documents folder titled: ASM.Model.Analysis. We agreed and made the necessary changes to prohibit the opening of accounts by U.S. persons. Prior to this, our U.S. client base represented about 75% of accounts. We were told that continuing to operate without legal certainty could jeopardize our efforts with CWH/CWM as well as create exposure. It was clear to me that the regulated U.S. market represented our future so the decision was clear. We would pull the plug on all marketing and advertising, restrict the U.S. clients and focus all our attention on CWH/CWM. We would continue to maintain the ASM platform and its legacy clients until a decision could be made on its future direction. We considered a number of configurations for operational bases in Europe and Asia focusing on markets other than the United States. In summary, the ASM market was put in a holding pattern and we pressed forward with great intensity on the U.S. market built on CWH/CWM. Interestingly, there is a California-based company that serves the U.S. market and has raised several million dollars to expand. Having spent a considerable sum on legal counsel and economics talent inside the beltway who were specifically responsible for the authoring and administration of financial regulation over the futures markets, I am at a loss on how they continue to operate in the United States. If you are interested, the site is OneSeason.com. They took many elements from our model and actually tried to steal one of our marks. We were successful in having them discontinue use. A copy of our communication via Counsel is included in the documents folder titled: OneSeason Cease and Desist. We decided to develop 2 families of products. One would be a binary contract on the selection of hosting sites for major sporting events such as the Olympics, World Cup and Super Bowl games. The flagship product would be an index contract that tracked the value of sports teams in terms of their financial health. Prior to starting the full development cycle, Paul Architzel advised that we should make a presentation directly to the CFTC to brief them on our product development ideas. The purpose was to find out if we would be wasting our time because of the subject matter: sports. A copy of that presentation is included in the folder titled: CFTC Presentation 09.25.07. The outcome was very positive. We were informed by the CFTC Division of Market Oversight staff that sports is a business like any other irrespective of the fact that playing games is part of their operations. We were provided some design guidelines and development moved into high gear. It was finally determined that redesigning ASM to carry these new instruments was financially and logistically impossible. It was also determined that building a new exchange and broker network was well beyond our capabilities overall. This opened the discussion of joining with a partner. At the time, Paul Architzel was also counsel to the startup futures exchange, United States Futures Exchange, based in Chicago. He arranged an introduction and detailed discussions and negotiations began shortly afterward. In the Winter of 2007 and Spring of 2008, Paul was involved in discussions within the CFTC. As a former top director of the CFTC for 20 years, Paul was still very close to the agency staff. He informed us that the CFTC would take up the subject matter our contracts were built around in the Summer of 2008. He advised that we respond to the CFTC request for public comment when it was published. On July 7, 2008 our comment authored by Paul and signed by me appeared in the Federal Register: http://www.cftc.gov/stellent/groups/public/@lrfederalregister/documents/frcomment/08-004c023.pdf At this point, everything begins to move really quickly. In July 2008, we receive the fully executed copy of a 3-year license agreement to carry our sports-focused financial products to the world pending final CFTC approval. We are now focused on the implementation processes and working our way down a market startup checklist. On a parallel track, we are discussing ideas on how to handle the existing ASM clients and where we should relocate to continue operation. The HostCitySelect and HostCountrySelect binary contracts are complete and we are making final data arrangements with Nielsen Media for a sample historical T.V. ratings data set to complete the flagship SportsRiskIndex (SRI) product. Ive included scans of the fully executed USFE contract including the FedEx envelope in a sub-folder: USFE Contract. Ive also included a copy of the Nielsen invoice for the historical data needed to complete the SRI formulation titled: Nielsen Invoice Dated 11.21.2008. At this point, all the elements were coming together to startup operations in Q1 2009. The big task at hand becomes the completion of the SRI formulation and filing for patent. The HCS binary contracts are complete but we will hold them for patent filing at a later time. Ive included the HCS submission documents to the CFTC in the sub-folder: HCS.Contract. The completed SRI combined with our license agreement with United States Futures Exchange operating under CWH/CWM would complete our development cycle and bring our nearly 7 year journey to a successful conclusion. Ideally we would end up with two separate running enterprises both owned by a common set of stockholders. The existing ASM would be migrated to a (most likely) European jurisdiction and CWH/CWM would startup operations as the first U.S.-based regulated trading market for sports-focused financial products: A Sports Stock Market. Then, the completely unexpected happens. The entire world economy begins to rapidly collapse. While continuing to complete the SRI formulation, finalize CFTC submission documents and prepare the SRI patent filing, I begin to notice that attempts to move the startup process ahead with USFE become increasingly difficult. The SRI submission to the CFTC is prepared. A copy is included in the SRI.Contract sub-folder along with real-world trading examples (titled: SRI.MLB.Trading). After many drafts and revisions, the SRI provisional patent is filed on December 22, 2008. 9 days later, USFE is unexpectedly terminated (http://www.usfe.com/) thereby voiding our contract and turning our business completely upside down. The immediate result is the total loss of financing. With this major piece of the business model bankrupt and horrid financial conditions around the globe, the risk profile becomes too high to continue financing by our principal funding partner. I must seek a new exchange to replace our now defunct agreement with USFE in order to have any chance of restoring our financing. Paul Architzel authored a CFTC status report document in an effort to assist securing new funding and a new exchange contract by detailing how close we were to completion when USFE failed. Ive included a copy of the March 2009 report in the document folder. It is titled: CFTC Status 03.04.09. The loss of financing for CWH resulted in the inability to continue supporting SGO. Over the past 10 months or so and continuing to this moment, Ive been working through the liquidation of SGO and potential ASM account settlement procedures. I maintain a public log here: http://gsfe.blogspot.com/. I am standing in the Acting President/CEO role of CWH/CWM pending a final decision from serious investment discussions underway. Ive included a spreadsheet that outlines the present stockholders of CWH along with a major remittances and payables detail. The document is titled: Crystal World Holdings - Cap Table + Payables + Remittances and is located in the root directory of the documents folder. There have been no Federal or Government of the District of Columbia tax returns filed yet as 2008 was the first full tax year for CWH. Included in the root directory of the document folder are copies of the three filed extension documents: 1. 2010.FP129A.Extension.Mailed.07.20.2009 (D.C.) 2. DC Form D20 Extension to 9.15.2009 (D.C.) 3. CWH Form 7004 2008 1120 Extension to 9.15.2009 (IRS) To continue the support of the ASM platform and provide funding for the expensive process of developing CWH and CWM, we were granted a credit line as a lien against the CWH preferred stock. Ive included a copy of the executed agreement titled: CreditLine.1 and CreditLine.2. The disbursements recorded until August 4, 2009 are outlined in the spreadsheet: CWHLoanDisbursementSheet08.04.09. Following the December 2008 unexpected failure of United States Futures Exchange, we have been busily redrafting our business plans. Ive included a copy of the most recent versions: CWH Exec Summary - Final - June 2009 and CWH Overview May 2008 in the documents folder. We are presently in serious negotiations with a private investment group from Toronto who has expressed interest in purchasing a controlling interest in CWH. As part of the due diligence process, weve supplied them with many of the same documents you now hold. For my part in developing this project, I have worked almost entirely without pay for nearly 7 years. The vast majority of my income resulted from royalty payments on personal intellectual property I own completely unrelated to (and pre-dating) this project. Ive included my 2005 1040 filed return and IRS transcripts for 2006, 2007 and 2008 along with a statement of payments from the remitter to back my claims (see: Christopher.Rabalais.Personal.Returns.2005-8) At the present time, I continue to work without benefit of pay to reassemble the business after the major setback in December 2008. On top of this, I am carrying in excess of $35,000 of personal debt from company direct expenses. This says nothing of approximately $100,000 I personally invested over the course of 6+ years. I am making these points to be abundantly clear of my motives and disposition as it relates to this enterprise. There was never any possibility of profit for me unless we succeeded in our goals and I accept that. I hope that this information has been helpful and Ill be happy to address any aspect of it as part of our August 29, 2009 Internet Teleconference. Sincerely, Chris P. Rabalais Acting President/C.E.O. Crystal World Holdings, Inc. Crystal World Markets, LLC August 17, 2009


Crystal World Holdings, Inc.

Washington,
District of Columbia,
U.S.A.
NOTICE (7.31.09): Registered AllSportsMarket Accountholders and Investors

#6UPDATE EX-employee responds

Fri, July 31, 2009

Dear {!firstname}, All former ASM accountholders with valid registered compliant accounts are invited to attend a web teleconference and presentation to be held on Saturday August 29, 2009 at 10:00 A.M. U.S. E.D.T. The purpose of this event is to provide a comprehensive picture of ASM development from beta stage in 2003 through the present day holding open discussion and answering questions. All relevant matters will be covered including our milestones and successes along with our setbacks and failures. From the very start I promised that I would vest valid accountholders in the ultimate outcome of this project. I was nearly certain we would end up with something vastly different than what we initiated and we have. Since before the termination of trading on the platform, I have been working to reach a consensus among the stakeholders on a mechanism to settle all valid ASM accounts. To this date, I have been unsuccessful in this task. Although I feel that this promise made by me in the corporate capacity should be honored by the company, I can not force this outcome as I do not hold a majority stake. That leaves my personal holdings as the only currency available to make good on my promise. As well, I feel that this is something that can wait no longer. Therefore, I will be releasing my entire stake in Crystal World Holdings, Inc. of Washington, D.C. to a pool to be divided in proportion among all former valid ASM accountholders in full payment of their outstanding balances. The only exclusion is the previously issued ASMA1 positions. I will go into full detail on the web teleconference and answer questions. I am confident that once clarity is established and a full understanding is achieved, everyone will realize the value of this exchange and the enormous potential it represents. There will be no charges of any kind to make this exchange. If you are interested in participating, please send an email to [email protected] with the following details: a.Your complete name and address b.Your current email address c.Your current day phone number d.Your current evening phone number Only ASM clients who submitted all required GSFE disclosure and I.D. information and were cleared of fraud by the STCC will be permitted to attend. Your details above will be confirmed in our database and you will be sent specific non-transferable instructions for the web conference. As only a single login will be permitted with your unique code, sharing it will only result in your inability to attend yourself. Further details on the protocols and methods to submit questions and interact on the conference will be sent in the days leading up to the event. All information will be sent using the email your provide to us. Telephone numbers must be provided for any last minute notices and to access the telephonic portion of the program. Thank you for your time and I look forward to this important day. Kind regards, Chris P. Rabalais Founder


Share Scam

Christchurch,
Other,
New Zealand
THAT IS JUST SICK!!!

#7Author of original report

Sun, June 07, 2009

Claims are not unverifiable, as users can see clearly from this link http://www.sharescam.com/index.php/topic,167.msg675.html#msg675 It is an image of a post made by Chris Rabalais on his own forum stating trades before this post will not be reversed or penalized. Is this what you call not penalizing someone, stealing their entire account then publishing a whole pile of made up nonsense saying that Alex stole $70,000 from you? You make ridiculous claims that I some how stand to make money from sharescam's 1 banner ad. That banner earned 58 cents last month, nothing compared to the legal fees and running costs for the website. I think you should be apologizing to these people. What kind of person are you to steal people's money and then try to make out they are the thieves? THAT IS SICK!!!


Crystal World Holdings, Inc.

Washington,
District of Columbia,
U.S.A.
Endless Repetitive Unsubstantiated Claims by Hamish Webb of New Zealand and his Criminal Gang of Web Extortionists

#8UPDATE EX-employee responds

Sun, May 24, 2009

In the interest of perpetuation of his libel and extortion racket, verified former ASM scammer Hamish Webb (if that is even his real name) of New Zealand continues to make completely unverified claims without offering a shred of legitimate and independently verifiable evidence. Masquerading under a number of false names and nicknames, he continues to repeat old bogus claims and invent new ones. All of this is being done in a desperate attempt to retain his tiny following and the continuing cash flow from banner ad placements. Everything to be said has been said. Anyone who feels they've been wronged by their dealings with ASM should pursue remedy per the resolution methods outlined in the binding terms of service or through the courts. There will be no further public statements on this matter relating Mr. Webb and his group of bandits.


Share Scam

Christchurch,
Other,
New Zealand
Fake Bernie Nicholls are now published at ShareScam

#9Author of original report

Sat, May 09, 2009

Those fake emails you sent me pretending to be Bernie Nicholls have now been published at my website. Good luck trying to talk your way out of this one.


Crystal World Holdings, Inc.

Washington,
District of Columbia,
U.S.A.
Yet another criminal fabrication by extortionist Hamish Webb of New Zealand

#10UPDATE EX-employee responds

Wed, May 06, 2009

This is a patently false statement as no such event ever took place: "This report from one mytica customer shows how unprofessional the service was run. 'office was robbed and site crashed- all info for clients (male) was lost and I never could get them to straighten out the insueing mess'" Over the past year, (((Redacted)))provided new clients absolutely free membership to allow all previously paid memberships to expire prior to termination of the site. More on the continuing criminal activity of Hamish Webb and his band of extortionists can be found here including details on a Federal complaint and comprehensive investigation presently underway against him and his co-conspirators: /offshore-scams/AllSportsMarket-NET/allsportsmarket-net-hamis-WC2FD.htm CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.


Share Scam

Christchurch,
Other,
New Zealand
Mytica.com closes another website setup by Chris Rabalais

#11Author of original report

Sat, April 18, 2009

The Mytica.com website that was setup by Chris Rabalais has now closed. This report from one mytica customer shows how unprofessional the service was run. "office was robbed and site crashed- all info for clients (male) was lost and I never could get them to straighten out the insueing mess"


Share Scam

Christchurch,
Other,
New Zealand
Mytica.com closes another website setup by Chris Rabalais

#12Author of original report

Sat, April 18, 2009

The Mytica.com website that was setup by Chris Rabalais has now closed. This report from one mytica customer shows how unprofessional the service was run. "office was robbed and site crashed- all info for clients (male) was lost and I never could get them to straighten out the insueing mess"


Share Scam

Christchurch,
Other,
New Zealand
Mytica.com closes another website setup by Chris Rabalais

#13Author of original report

Sat, April 18, 2009

The Mytica.com website that was setup by Chris Rabalais has now closed. This report from one mytica customer shows how unprofessional the service was run. "office was robbed and site crashed- all info for clients (male) was lost and I never could get them to straighten out the insueing mess"


Share Scam

Christchurch,
Other,
New Zealand
Mytica.com closes another website setup by Chris Rabalais

#14Author of original report

Sat, April 18, 2009

The Mytica.com website that was setup by Chris Rabalais has now closed. This report from one mytica customer shows how unprofessional the service was run. "office was robbed and site crashed- all info for clients (male) was lost and I never could get them to straighten out the insueing mess"


Share Scam

Christchurch,
Other,
New Zealand
Why Did You Quit???

#15Author of original report

Tue, April 07, 2009

Why did you quit, did my questions get to tough for you? Do you think you will not be prosecuted just because you are an ex-employee???


Crystal World Holdings, Inc.

Washington,
District of Columbia,
U.S.A.
The Future of the SportsRiskIndex and the SportsFolio?

#16UPDATE EX-employee responds

Wed, April 01, 2009

March 31, 2009 Chris P. Rabalais Crystal World Holdings, Inc. (CEO) Crystal World Markets, LLC (CEO) 1701 Pennsylvania Avenue N.W. Suite 300 Washington, DC 20006 Dear Shareholders, Directors and Affected Parties: Circumstances require that I resign my position as President and CEO of Crystal World Holdings, Inc. and Crystal World Markets, LLC effective March 31, 2009. I have decided to take this time to evaluate my current goals and investigate new opportunities. The company development has reached a point that my lack of industry credentials and corporate experience is likely a hindrance to progress. I fully expect this to become an issue to future funding partners. As well, I expect they will wish to install members of their own team to help ensure success and protect their interests. I completely understand this and would do the same thing in the "other man's shoes". As a stakeholder, I want nothing more than success for the project in whatever form that takes. I do believe that CWH/CWM and the SportsRiskIndex have the ability to catalyze an entirely new and exciting global financial industry. Properly developed and operated, this industry will provide benefits to every segment of the market it touches. It will fuel corporations and Governments around the world. It will be a "safe cigarette" for the gambler and a financial lottery for municipalities, states/provinces and national Governments alike. And, on top of all of this, it will be an incredibly lucrative and positively thrilling enterprise to operate and watch grow. For more than 7 years, I have been completely and passionately engaged in the process of developing the sports stock market concept from pen and paper to patent. The professional challenges placed before me exceeded all other experiences in the past combined. For that education, I am eternally grateful. I will always cherish the memories of this endeavor. I wish the new CEO and management team success with the future of this enterprise. At the core, I am an idea man. I live in a world of endless creative possibilities. My true joy comes from dreaming these up and following the path to see where they lead. Most of them do not find their way outside my head, some make it to paper (or the computer files) and even fewer are actually shown or explained to anyone. Of those that make "the final cut" for examination by others, some are great,some are mediocre and some are just plain awful. It is this sifting process that endlessly fascinates me and makes me feel alive. If I may be of assistance during the transition, I will gladly make myself available for this effort. I would be happy to provide my input or participate in any form requested by the new CEO and Board of Directors. I will leave those decisions to their best judgment. Thank you for allowing me to serve in this critical role during such a vital period in the development of a new universe in financial instruments. Sincerely, Chris P. Rabalais March 31, 2008 6:45 A.M. U.S. C.D.T. (extended version)


Share Scam

Christchurch,
Other,
New Zealand
Crystal World Holdings - No Public Disclosure

#17Author of original report

Tue, March 10, 2009

You have pubically stated the company is worth 264 million dollars. The company has no office, other than some virtual office that you lease for a few bucks a month. You do not wish to publically disclose your company's assets and position.


Crystal World Holdings, Inc.

Washington,
District of Columbia,
U.S.A.
Crystal World Holdings, Inc. and Crystal World Markets, L.L.C. of Washington, D.C. Corporate Information

#18UPDATE Employee

Tue, March 10, 2009

Crystal World Holdings, Inc. and Crystal World Markets, L.L.C. of Washington, D.C. are private entities at this time. Accordingly, they are not required to make public filings or disclosures. Only registered private stockholders have been and will continue to be provided information on the company operations. There is no entry in the stockholder registry for: Hamish Webb P.O. Box 3225 Christchurch, South Island 8015 New Zealand At such time as these companies become public entities, all requisite disclosures and filings will be made available for general inspection.


Share Scam

Christchurch,
Other,
New Zealand
Crystal World Holdings Scam Update

#19Author of original report

Tue, March 10, 2009

You claim you are not a scam so why are you hiding information from investors??? Answer these questions: What is the value of each share in Crystal World Holdings? How many shares are there in Crystal World Holdings? What is the capital value of Crystal World Holdings? What are the expected and/or past earnings per share? ROI Where is the balance sheet and quarterly statement? (CWH started in 2007)


Crystal World Holdings, Inc.

Washington,
District of Columbia,
U.S.A.
Crystal World Holdings, Inc. and Crystal World Markets, L.L.C. of Washington, D.C.

#20UPDATE Employee

Sat, March 07, 2009

Crystal World Holdings, Inc. and Crystal World Markets, L.L.C. of Washington, D.C. are dedicated to developing and marketing sports-focused financial instruments and tools to be traded on the global Regulated financial markets. The SportsRiskIndex (SRI) is the first in a family of products being released to build The New Sports Economy. Follow our progress here: http://gsfe.blogspot.com/


Crystal World Holdings, Inc.

Washington,
District of Columbia,
U.S.A.
Claims

#21UPDATE Employee

Sat, March 07, 2009

Hamish and his co-conspirators repeatedly make (anonymous) claims on their extortionist websites about investigations against our companies and me personally. At no point in time has any investigator from any Governmental agency contacted anyone in our company or me personally. Furthermore, due to the direct involvements with Government at the highest level, any such activity would have been brought to my attention immediately. This vetting process has taken place at all points during our development and continues to this day. In fact, quite the opposite is taking place. Hamish and the contents of his websites are being investigated by multiple private and public entities for use in upcoming legal actions. These claims and posting of public "news releases" and "reports" are nothing more than an attempt to draw attention via search engine traffic and further the extortion racket being operated by Hamish Webb and his conspirators. Hamish is obviously frustrated due to the pending shutdown of his forum due to explicit violations of the terms of service regarding fraud, distributing private information and cyberstalking (to name a few). He has been contacted by the hosting operator to remove the offending material or be terminated.


Crystal World Holdings, Inc.

Washington,
District of Columbia,
U.S.A.
Hamish illegally using ShareScam.com (and other sites) to spread false and misleading information about AllSportsMarket and Chris Rabalais

#22UPDATE Employee

Sat, March 07, 2009

Hamish is presently under investigation by his hosting provider, domain registrar and other authorities. He is facing legal action on several fronts for his continuing illegal and malicious behavior. Please refer to the following existing report for details on Hamish's extortionist activities: http://www.ripoffreport.com/reports/0/401/RipOff0401520.htm

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