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$15 million settlement ordered by Ontario Superior Court judge to ensure players are paid
November 4, 2008 (InfoPowa News) — In Canada, The National Post reported at length Tuesday on an important Ontario Superior Court judgment in a civil action tied to the UltimateBet “hole card” cheating scandal which saw thousands of online poker players cheated out of millions of dollars while using software that was developed by Excapsa.
With a former Ontario premier and a one-time Royal Canadian Mounted Police commissioner on its board of directors, Toronto-based Excapsa Software Inc. sold its assets in 2006 to former Mohawk grand chief Joe Norton‘s Tokwiro Enterprises.
Excapsa is currently undergoing liquidation proceedings in the Ontario Superior Court, and has been tied to the UltimateBet debacle.
The National Post reports that Superior Court Justice Sarah Pepall this week approved a settlement that will see Excapsa shareholders pay US $15 millon to Blast Off Ltd., the company owned by ex-chief Norton that runs UltimateBet. Blast Off says it desperately needs the cash to refund the many players cheated while playing online poker between 2004 and 2008.
In September, an independent enquiry commissioned by the Kahnawake Gaming Commission found “clear and convincing evidence” of “multiple cheating incidents” on UltimateBet between May 2004, and January 2008. A “tool” that allowed insiders to see opponents’ hidden cards had been inserted into the site’s software, the court was told. The enquiry identified U.S. professional poker player and former WSOP champion Russell Hamilton, a former consultant to UltimateBet, as “the main person responsible” for the cheating.
