The TalkingPoker.com Forum

The TalkingPoker.com Forum (http://www.talkingpoker.com/forum/index.php)
-   General Poker Discussion (http://www.talkingpoker.com/forum/forumdisplay.php?f=2)
-   -   Interesting rumor – Binion to buy in to Full Tilt? [Update: FT loses gaming license] (http://www.talkingpoker.com/forum/showthread.php?t=16659)

Reel Deal 09-20-11 04:15 PM

New article from ESPN.com:

Kurn 09-20-11 07:44 PM

I read a few articles on it today. None mentions Ivey. Tony G has been tweeting that Ivey's the "inside man" for the Feds. :eek:

Reel Deal 09-20-11 09:39 PM

Wow, amazing if true.

melioris 09-20-11 10:14 PM

it has been a long time, but on a day like today, I had to come back.

Dwan is answering questions on the .

GTDawg 09-20-11 10:19 PM


Talking Poker 09-21-11 02:33 PM

A quick summary of the latest news, in case anyone missed it and wonders WTF is going on:

-$443 million total has been distributed to the owners of Full Tilt Poker. Howard Lederer received $41 million, Chris Ferguson $25 million, and Rafe Furst $12 million.
-An unnamed player which is likely to be Phil Ivey received $40 million in distributions and millions in loans including $4.4 million which has yet to be repaid.
-There are 19 owners of Full Tilt Poker, but aside from Lederer, Ferguson, Furst, and Bitar no others are named.
-Full Tilt’s debt to players on March 31st 2011 was $390 million. The total is $300 million today with roughly half owed to US players. Full Tilt only had $60 million in April 2011
-$130 million of deposits from US players were credited to player accounts however were never removed from the players’ bank accounts.
-Preet Bharara, SDNY Attorny General commented, “Full Tilt was not a legitimate poker company, but a global Ponzi scheme”.

The amended civil complaint (for RD's enjoyment):

Kurn 09-21-11 08:26 PM

I guess the good news is that one might infer from this statement that Mr. Bharara believes that "legitimate" poker companies do actually exist?

2Tone 09-21-11 08:47 PM

Durr speaks
 
Pokernews.com has an interesting interview with Dwan.

, also available as a podcast.

Aside: I'm amused at his use of poker speak in the context of real-world situations. Example - asked if he is concerned about the possibility of violence against him or the FTP guys, he says he'll try to "fade" that, as if he was dodging being redrawn out on.

Not included in the transcript is an interesting anecdote about him being on USO tour, visiting soliders fighting for freedom in repressed lands (were poker is legal, BTW), only to come home to the land of free on Black Friday, to find out the government has essentially outlawed his livelihood.

Talking Poker 09-22-11 11:08 AM

There is also a thread on 2p2 where he is answering questions. Here is a link to the condensed, readable version:


PShabi 09-24-11 01:53 PM

Sounds pretty fucked up.

Reel Deal 10-04-11 04:05 PM

Who let this noob in???


All times are GMT -4. The time now is 12:00 AM.

Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
©2004-2008 TalkingPoker.com