I just read the wired article again for about the 10th time. When people read it, they need to understand the framework behind it. It looks like only Nestor and Kane’s lawyer were interviewed for it. Kane never gave his side. Nestor tried to paint himself as a sympathetic figure, but his story doesn’t add up.Originally Posted by Rob.Singer
I don't get it. Wouldn't the most equitable thing have been for each to go their separate ways after they got this thing into gear? Why would Kane want to be paid anything by Nestor, and why would Nestor agree to pay him anything?Originally Posted by MaxPenI imagine Kane would have been happy with half of the net after taxes. I would say Nestor was just ungrateful for the opportunity and screwed Kane. This is why it is so hard to perform equitable partnerships in AP.Originally Posted by mickeycrimm
Kane chose to run his mouth off about the play to Nestor, and we're told Nestor "figured out" double up was the key? That was the easiest part, and a caveman could have figured it out after they played it a few times. The key is the bill feeder working before the hand is really over. Then there's this taxes issue. Why involve something like that when they expected the big money to just keep rolling in?
If anything, these guys are a classic study in not understanding human stupidity.
Nestor said he agreed to give half his winnings to Kane when Kane contacted him with this play. At that time, Nestor was living In Pennsylvania getting a $1,000 a month welfare check. He was basically a big loser in life. What 40 yr old able bodied man is living off welfare? Compared to what Nestor was making by being on the government dole, Kane’s offer probably sounded pretty good.
Here is where Nestor is wrong. He said if he paid Kane half his winnings, he wouldn’t be able to pay his tax bill at the end of the year since he would be paying him more than his taxes. Wrong! The top income tax bracket is 37% so even if Nestor had kept his word, he’d still have had plenty of money to pay his taxes. He was still making much more than $1,000 a month, even after paying his tax bill.
As far as Nestor figuring out double up, I don’t believe him. As Ron has pointed out, this is the easiest part to figure out. When you read the article, it sounds like this is the first thing they should have figured out. Since Kane figures out all the other parts of this play (probably with help from the slot machine he had in his house and the technicians that serviced it), I’m sure he also figured out double up activated it.
As far as Kane losing $500,000 in 2006 by playing this machine, I don’t believe that part of the story. Kane’s lawyer made this claim. Why did he come up with this amount? Conviently, this is the amount Kane won from his play. I expect it’s his lawyers way of saying Kane just won back the money he has lost previously. This way if the case went to trial, the jury would be more sympathetic to Kane. Bottom line is Kane got to keep his winnings and the prosecutor dropped all charges. But I still don’t believe the claim that Kane lost half a million dollars in one year playing video picker. He lived in a nice house but he wasn’t that wealthy, and he was semi-intelligent. He came up with this play after all. Obviously, he wasn’t very smart in how he exploited it or for briging in his idoit sleazyball friend Nestor into this play.
As far as Nestor, it appears he got to keep a good chunk of his winnings, even though he won’t admit it. It makes no sense that he would have given 100% of his winnings to his friend, who Nestor claims gave it to the Feds to avoid prosecution. If his friend had hired a lawyer, the lawyer would have told him to not do this. I wish this article had interviewed Nestor’s friend to see if this part was true, and get his side.
It’s pretty clear Nestor is lying through out this whole article, trying to make himself look good. He claims the federal government is still after $238,000 (or something like that) for back taxes. Money he says he doesn’t have. This indicates to me that he has the money, but doesn’t want to play the government, just like he reneged on his deal with Kane.
It’s interesting that this play was out there for 7 years (since 2003) but nobody exploited it (at least not that we know) but these two jokers. Ron, it sounds like you found it almost the year the bug came out since you say you exploited it for 6 years, until these two clowns burned it down. I need to go back and read some of your posts to understand how you found it almost the year it came out.
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