DOJ adds Lederer/Ferguson/Furst to Complaint - Claims defrauded poker players

okeedokalee · Oct 11, 2011

Good point Fletchdad.

mazho · Oct 12, 2011

I hate those bastards

dj11 · Oct 12, 2011

okeedokalee said:
More from PokerStrategy.com

• -- One possible alternative is providing equity in a revived company to those players.

Reminded of an old method of making us observant. "Whats wrong with this picture?"

Moving the gambling site gamble to Wall Street Gambling?????? And of course, US participation will be verboten.

jaymfc · Oct 17, 2011

fletchdad said:
Hmmmm, who gets to define "significant" ?

okeedokalee said:
Good point Fletchdad.

ditto . $20 is significant to me

although I had way more than that there . I would take a share or two for money owed to me .
still have not seen or heard enough to believe Ferguson or Lederer are thief's . they haven't been charged with any crimes that I know of , so hopes of them going to prison are out . it's civil not criminal charges , right? haven't read anything except this thread and haven't had internet or tv for awhile now so...

OzExorcist · Oct 17, 2011

jaymfc said:
it's civil not criminal charges , right?

Correct - all the charges are civil at this stage: http://www.subjectpoker.com/2011/09/ftp-civil-amended/

Charade You Are · Oct 17, 2011

jaymfc said:
it's civil not criminal charges , right?

Wrong. The DOJ issued a nine-count criminal indictment against FTP's Ray Bitar and Nelson Burtnick, PS's Isai Scheinberg and Paul Tate and Absolute Poker's Scott Tom and Brent Beckley as well as some payment processors and bankers. United States v. Scheinberg, 10 Cr. 336 (2011)

They also filed a civil case civil case seeking some $3 billion in assets. United States v. PokerStars, et al., 11 Civ. 2564 (2011)

jaymfc · Oct 17, 2011

OzExorcist said:
Correct - all the charges are civil at this stage: http://www.subjectpoker.com/2011/09/ftp-civil-amended/

thank you sir

Charade You Are said:
Wrong. The DOJ issued a nine-count criminal indictment against FTP's Ray Bitar and Nelson Burtnick, PS's Isai Scheinberg and Paul Tate and Absolute Poker's Scott Tom and Brent Beckley as well as some payment processors and bankers. United States v. Scheinberg, 10 Cr. 336 (2011)
They also filed a civil case civil case seeking some $3 billion in assets. United States v. PokerStars, et al., 11 Civ. 2564 (2011)

ya

didn't see Chris mf Ferguson or Howard Lederer in that group

alaskabill · Oct 17, 2011

jaymfc said:
thank you sir

ya didn't see Chris mf Ferguson or Howard Lederer in that group

Your a long time respected CC'er and I mean no disrespect but how on Earth can you defend Lederer and Ferguson? The company is busto. They are sitting on millions in funds that are in actuality player's deposits, not profits. FTP has constantly lied to their players and the commission that regulated them.

Lederer and Ferguson weren't some random red pros they were major owners and board members for the company. They are the ones who hired Bitar. What, exactly, do you need to convince you that they aren't innocent lost lambs?

Charade You Are · Oct 19, 2011

jaymfc said:
thank you sir

ya didn't see Chris mf Ferguson or Howard Lederer in that group

You are right, misread your post. Thought you were referring to the entire mess.

trucker103 · Oct 19, 2011

just ship it its significant to me
oh and plus interest lol

jchris67 · Oct 23, 2011

So any word on that french company buying Full Tilt? I'm assuming they will refund our money or credit our accounts and allow us to play. Guess it's still in the courts huh?

OzExorcist · Oct 23, 2011

Unless I've missed something, last news was they were still in negotiations with the US DoJ and it wasn't expected to be a quick process...

jchris67 · Oct 29, 2011

Not sure if I would play there anyway. From what I hear, the owner of that company has had some honesty issues in the past.

Charade You Are · Oct 29, 2011

http://www.wptmag.com/news.php?articleID=269

In a truly bizarre Europe-wide canvassing operation, a number of media organisations working in partnership with the Groupe Bernard Tapie have began contacting ex-Full Tilt players to ask how they would like their bankroll to be paid back.

My answer would be "in cash".

http://www.pokernewsdaily.com/silen...ll-tilt-pokergroupe-bernard-tapie-deal-20456/

Dayanim wouldn’t comment any further on how those negotiations with the DoJ were going except to say, “It’s a process. The process is still going on and hopefully we’ll have some good news to report. I remain optimistic that we’ll be able to reach an outcome that allows for the Tapie group to proceed with the proposed plan. It’s Tapie’s intention to arrange for repayment of players.”

Sounds like it pretty much depends on how much of our money the DOJ is willing to part with.

cardriverx · Oct 29, 2011

On the WPT article:

Options include investing parts of their money in FTP shares which could then be repurchased by the company at a later date, cashing out their entire balance with an undisclosed penalty charge or releasing their balance slowly over the course of a year.

um i think i would take the penalty as long as it's like less than 7% cause releasing slowly over year could take chance of closing down again.

OzExorcist · Oct 30, 2011

cardriverx said:
On the WPT article:

Options include investing parts of their money in FTP shares which could then be repurchased by the company at a later date, cashing out their entire balance with an undisclosed penalty charge or releasing their balance slowly over the course of a year.

um i think i would take the penalty as long as it's like less than 7% cause releasing slowly over year could take chance of closing down again.

Even though the option may have been canvassed, I don't see how any licensing body (or the DoJ for that matter) would let them get away with charging such a penalty - or indeed slowly releasing the balance, unless some kind of compensation was offered. It'd be grossly unfair to penalise people just because they were successful enough to have a high account balance.

WVHillbilly · Oct 30, 2011

OzExorcist said:
Even though the option may have been canvassed, I don't see how any licensing body (or the DoJ for that matter) would let them get away with charging such a penalty - or indeed slowly releasing the balance, unless some kind of compensation was offered. It'd be grossly unfair to penalise people just because they were successful enough to have a high account balance.

This is VERY unlikely to be offered to US players.

cardriverx · Oct 30, 2011

WVHillbilly said:
This is VERY unlikely to be offered to US players.

so US players would be offered only the full money back? That would be better.

OzExorcist · Oct 30, 2011

Obviously, yeah - I definitely don't think there's any way the DoJ lets them do anything "creative" when it comes to US players.

jchris67 · Nov 2, 2011

That's fine, I accept cash or check.

DOJ adds Lederer/Ferguson/Furst to Complaint - Claims defrauded poker players

okeedokalee

Glory To Ukraine

mazho

Rising Star

dj11

Legend

jaymfc

R.I.P DJ & Buck

OzExorcist

Broomcorn's uncle

Charade You Are

you can call me Frost

jaymfc

R.I.P DJ & Buck

alaskabill

Legend

Charade You Are

you can call me Frost

trucker103

Legend

jchris67

Rock Star

OzExorcist

Broomcorn's uncle

jchris67

Rock Star

Charade You Are

you can call me Frost

cardriverx

Legend

OzExorcist

Broomcorn's uncle

WVHillbilly

Legend

cardriverx

Legend

OzExorcist

Broomcorn's uncle

jchris67

Rock Star

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