Vegas Free-for-All - Full Tilt Poker was Ponzi Scheme (according to Justice Department)

pokerwayne

Sep 21, 2011
11:05am

Ferguson wrote the code for Tiltware..the software that started FullTilt. The rest of them invested the money to get it up and running.

Idiots....you make millions and millions without breaking a sweat, then get sloppy and let a processor rob you blind, compound the problem by continueing to acccept US deposits with no way of processing them. Then get deperate so you start raiding every account you can to keep the lights on.

Sorry Snidley, but until they can process my last $50 deposit I made in like November of last year. (which never got processed, but was credited to my account instantly) You ain't getting your 2 bucks back.

I do have $2.73 cents in TITOs I forgot to cash in last time I was in Vegas if you want me to send you those and we will call it even.

KingBBinLV

Sep 21, 2011
3:18pm

Block User

Exactly what pokerwayne said, Ferguson wrote the FTP software and was a founding member of FTP. Howard Lederer also was a founding member.

Tom Dwan (aka Durrrr ) has a whole question and answer thread on Twoplustwo.com under the News,views and gossip subforum.

These guys and some other FTP pros are gonna go down big time because of this, meanwhile a lot of poker players are gonna be left holding the fking bag to the tune of $300 million plus. This is the reason why none of the FTP founders/owners/major shareholders were at the WSOP this past Summer.

Dan Svatass

Sep 22, 2011
9:38am

Block User

Quote

Originally posted by: 777rojen777
This isn't an American company, and thus aren't subject to US law.

Not correct. At all. A company that operates within the United States, let alone to the degree that an Irish company like FTP did, is most certainly subject to US laws. If Guinness started putting arsenic in the beer it ships here, you can rest assured that the DOJ would seek to prosecute.

Online poker proved exactly as legitimate and reliable as one should expect from an unregulated, illegal business. I won't be shedding any tears for the people who let themselves be ripped off by these scammers. Not one drop.

Oh, at it's Samuel L. Jackson. Very famous guy.

mrmarcus12LVA

Sep 23, 2011
1:06am

Block User

Quote

Originally posted by: Joe K The DOJ is just doing what any prosecutor tries to do, put the defendants on trial in the court of public opinion before they get their day in a court of law.

"I do hate them, these nabobs. They lie; they lie and we must be merciful."

Oh, dude, I loved Samuel Johnson in that film, too: Mr. Clean; the light and the space of Vietnam really put the zap on his head.

FrankieRizzo

Sep 23, 2011
3:38am

Block User

I never trusted those online poker games, and have never committed any "real" money to them.

Too many horror stories of hacks and cheats....forget it!

Not for me

--Rizzo

chefantwon

Sep 23, 2011
11:19am

Block User

Quote

Originally posted by: pokerwayne
Ferguson wrote the code for Tiltware..the software that started FullTilt. The rest of them invested the money to get it up and running.

Idiots....you make millions and millions without breaking a sweat, then get sloppy and let a processor rob you blind, compound the problem by continueing to acccept US deposits with no way of processing them. Then get deperate so you start raiding every account you can to keep the lights on.

Sorry Snidley, but until they can process my last $50 deposit I made in like November of last year. (which never got processed, but was credited to my account instantly) You ain't getting your 2 bucks back.

I do have $2.73 cents in TITOs I forgot to cash in last time I was in Vegas if you want me to send you those and we will call it even.

The problem arises who is ultimately responsible for the processor, is it Tilt and their officers, or the appointed idiot who was supposed to run that part of the business? We are of course forgetting the $300 mil that wound up missing prior to the shutdown. Where is that money?

Please remember that prior to all of this stuff happening, both Tilt and Stars were making money hand over fist and the US folks were not complaining about their deposits/withdraws. Poker Stars has refunded all of the US players money, and very quickly. So not all poker sites are bad....

Don

Sep 23, 2011
12:39pm

Block User

DonDiego has avoided all online gaming.

DonDiego prefers to be taken by real, flesh-and-blood, small-time pros who make a living off the tourists.

cowboydan

Sep 23, 2011
1:13pm

Block User

FTP was an Alderney company. In a shocking development, Alderney has suspended their gaming license. All the cows and rabbits were enraged.

The real story here is the continuing war the American DOJ wages on American citizens. As was mentioned above, nobody had any complaints to make until April 15 this year. The DOJ then stepped in and caused the American clients to lose access to their money.

KayPea

Sep 24, 2011
7:13am

Block User

Quote

Originally posted by: cowboydan
The real story here is the continuing war the American DOJ wages on American citizens. As was mentioned above, nobody had any complaints to make until April 15 this year. The DOJ then stepped in and caused the American clients to lose access to their money.

Yea, i was pissed when the DOJ blocked my attempt the come to the aid of a Nigerian princess who was trying the get her inheritance safley out of her country.

Dealer1

Sep 24, 2011
8:44am

Block User

Quote

Originally posted by: cowboydan
FTP was an Alderney company. In a shocking development, Alderney has suspended their gaming license. All the cows and rabbits were enraged.

The real story here is the continuing war the American DOJ wages on American citizens. As was mentioned above, nobody had any complaints to make until April 15 this year. The DOJ then stepped in and caused the American clients to lose access to their money.

Let me translate "cowboyday talk": don't blame the bank robbers, blame the police who arrested them.

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