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Full Tilt Poker Accused of Being a Ponzi Scheme

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  • #625555
    Anonymous
    Inactive

    So, is this really true, or is U.S. government going to use this as an excuse for U.S. Players never being able to get their money back ?

    Chris Ferguson, Howard Lederer Named in Civil Complaint re to Full Tilt Poker | Gambling911.com

    #818616
    bosshoggs
    Member

    Good call… but it seems like the DOJ is fully claiming Full Tilt Poker was operating as a Ponzi Scheme.

    This is a quote from the WSJ:

    On Tuesday, the U.S. Justice Department in a civil suit accused Messrs. Lederer, Ferguson and Furst, and another director of the company behind the Full Tilt Poker website, of defrauding thousands of online poker players out of more than $300 million that is still owed to them.

    YIKES

    #818652
    bosshoggs
    Member

    I know there is a ton of info out there on this story… but if anyone wants a quick summary of the deets, check it out HERE.

    #818653
    Anonymous
    Inactive

    Thanks, Jill. So, I guess I can expect my player check to be arriving any day now, huh ? :)

    #818655
    bosshoggs
    Member

    @Poker Dude 231802 wrote:

    Thanks, Jill. So, I guess I can expect my player check to be arriving any day now, huh ? :)

    Ummm… yeah… Check’s in the mail Poker Dude ;) (J/K)

    Seriously, this is a crazy situation and hoping those who are owed their commissions and winnings are taken care of.

    #818657
    Anonymous
    Inactive

    @JillO 231804 wrote:

    Ummm… yeah… Check’s in the mail Poker Dude ;) (J/K)

    Seriously, this is a crazy situation and hoping those who are owed their commissions and winnings are taken care of.

    Not a chance of that happening, Jill. Bad debt write-offs abound this year……

    #818661
    bosshoggs
    Member

    @Poker Dude 231806 wrote:

    Not a chance of that happening, Jill. Bad debt write-offs abound this year……

    What can I say… I’m a wide-eyed optimist… always hoping for the best. I’m scared to say that you are probably right. And that just totally sucks.

Viewing 7 posts - 1 through 7 (of 7 total)