Reply to thread

Message: [QUOTE="mrmonkey, post: 1792792, member: 72028"] Horrible press for what IMO is nothing really yet substantiated. Apparently the lead prosecutor in the case is known for sensationalist media manipulation, and it does make me wonder a bit about who or what entities might be funding this. Really, how does this make the absolute top story of Google news and many of the major financial news outlets? That said, I still think Full Tilt was horribly mismanaged and that there probably WAS some level of embezzlement going on, but to just drag Lederer and Ferguson's and all the other Full Tilt Pro's names through the mud when I'm not really sure how involved they really were with the business side of things just makes it kind of seem like a smear campaign. My view on this is to watch the actual facts come out as things unfold, and make your decisions based on those later findings. One thing about all this though -- if this type of behavior was occurring with Full Tilt for years under the "watchful" eye of the Alderney Gaming Commission, it does make you wonder exactly how well regulated even PokerStars is. Sure, they may have a better business model and board of directors and they had enough cash in their accounts to payback US players, but we really don't know how things operate behind the scenes there either. Is it possible they had enough cash to pay back their US players but not enough to cover the rest of the world? Sure, I don't see how we could really substantiate it one way or another. Taking this a step further, there's really hardly any safety net for tying your funds with any major corporation or institution. Exactly how poorly-regulated yet universally trusted were Enron and Fannie Mae? [/QUOTE]

Verification

Search

Reply to thread

About CardsChat

Our Community

Our Site

Follow us