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[QUOTE="Charade You Are, post: 1793053, member: 39511"]
Dwan missed an opportunity to say if poker were regulated in the U.S., this may not have happened.  ("May" because the financial meltdown here was excerbated by so-called "regulated" entitites.)

They are not being charged with a "ponzi" scheme, they are being charged with fraud:  [I]"defrauded its poker players by misrepresenting to players that funds deposited into their online player accounts were secure and segregated from operating funds"[/I]...

Old man Preet is known for his over-the-top press releases and loves to use hot-button words.

It further goes on to say: [I]..in or about the summer of 2010, Full Tilt Poker’s payment processing channels were so [B]disrupted[/B] that the company faced increasing difficulty attempting to collect funds from players in the United States.  Rather than disclose this fact, Full Tilt Poker simply credited players’ online gambling accounts with money that had never actually been collected from the players’ bank accounts. [/I]

Disrupted?  Meaning Seized by the DOJ.

FTP NEVER should have credited player accounts with money not yet received.  (Can see all the posts now about FTP not crediting deposits soon enough.)  And player accounts should absolutely been segregated.
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