Full Tilt Poker in MAJOR Trouble

[RollTide72]

Just saw this on Twitter:

BREAKING NEWS: Manhattan US Attorney accuses Full Tilt Poker board of pocketing $440 million of players winnings.

Will try to find a link to post soon.

 

[dunclock]

my money :sadwave:

 

[Mr. Poon]

my money :sadwave:

too bad you aren't like Hedge and it's just play money.

 

[hedgehog]

too bad you aren't like Hedge and it's just play money.

I have separate gambling money, if I lose it, no big deal opcorn2

 

[IE]

http://twitter.com/#!/darrenrovell


http://www.forbes.com/sites/nathanvardi/2011/09/20/feds-call-full-tilt-poker-a-massive-ponzi-scheme/

 

[MadJack]

I hope Lederer gets fucked right up the ass.

Here's all the information you could ever need.

http://forumserver.twoplustwo.com/2...ding-poker-players-out-300-000-000-a-1101514/

 

[MadJack]

The US Department of Justice has amended its Black Friday civil complain to include discussion of alleged ?Full Tilt Poker?s and the FTP insider defendants? theft of player funds.? The new complaint adds three new defendants, Howard Lederer, Chris Ferguson, and Rafe Furst. It also alleges that these new defendents together with Ray Bitar committed money laundering, and asks for penalties ranging from $12M for Furst to $42M for Lederer.

A memorandum summarizing the amendment says,

The Amended Complaint alleges that one of the Poker Companies, Full Tilt Poker, not only engaged in the operation of an unlawful gambling business, bank fraud, wire fraud, and money laundering as alleged in the Complaint, but also defrauded its poker players by misrepresenting to players that funds deposited into their online player accounts were secure and segregated from operating funds, while at the same time using player funds to pay out hundreds of millions of dollars to Full Tilt Poker owners. Full Tilt Poker was able to accomplish this massive fraud, in part, because it illegally conducted business in the United States but maintained its personnel, operations, assets, and accounts principally overseas

 

[Sportsaholic]

I have separate gambling money, if I lose it, no big deal opcorn2

One of MJ's Millionairs


:0071

 

[MadJack]

<iframe width="560" height="315" src="http://www.youtube.com/embed/e3XEfcBQyy4" frameborder="0" allowfullscreen></iframe>

 

[Woodson]

Talk about getting hit with a "runner" "runner".

Ever seen a fat man run! Whats his sis saying about this now?

 

[The Joker]

 

[MadJack]

Howard Lederer's house he stole with player money.

http://www.cardking.info/artikel.asp?id=214

 

[ageecee]

who are the others?

 

[Woodson]

AWESOME

From the man himself

Originally Posted by durrrr
about time the doj did this. i've been under nda the whole time (friend's $$, not my own- and they have way more) so i couldn't say anything about these kind've specifics... but i was constantly pissed that the doj didn't make this public.

 

[ageecee]

whats nda?

 

[Woodson]

 

[Woodson]

Originally Posted by durrrr
they credited player accounts for months leading up to black friday w/o being able to get the $$ from the deposits. this hole quickly grew to hundreds of millions.

 

[kickserv]

Jesus better watch his back:lol:

 

[Woodson]

His lawyer needs to rip his wirless card out of his computer... TALK ABOUT FULL DISCLOSURE!!!

NDA doesn't deny the fact he stated funds were secure after black Friday knowing they were not.

Where's Ivey fit into all of this.

 

[MadJack]

His lawyer needs to rip his wirless card out of his computer... TALK ABOUT FULL DISCLOSURE!!!

NDA doesn't deny the fact he stated funds were secure after black Friday knowing they were not.

Where's Ivey fit into all of this.

I wouldn't trade places with any of them right now.

These boys are in big trouble.