MUST READ: L.A. Times, Full Tilt a Ponzi scheme

SavagePenguin · Sep 20, 2011

http://www.latimes.com/business/la-fi-online-poker-20110921,0,6709907.story

There is a big surprise at the end of the article.

Maid Marian · Sep 20, 2011

Wow, that was interesting, to say the least!

OzExorcist · Sep 20, 2011

Wow - how'd that comment come about?

Debi · Sep 20, 2011

I need to clarify that I said that I now play live poker in Vegas - not that I now rely on gambling trips to Vegas lol.

SavagePenguin · Sep 20, 2011

Suuuuure... You poker pro you!

OzExorcist · Sep 20, 2011

Covering up a secret career as a professional pai gow player IMO

naruto_miu · Sep 20, 2011

Damn Debi O'Neill Is doing it big like that....Shoot I hope I don't run into you at all Even in the Free Rolls now....Sucks what FT did to all it's loyal Followers to be honest, and Am Sry that it had to come out as it did...I wish you all to get your money 1 day back

Debi · Sep 21, 2011

OzExorcist said:
Covering up a secret career as a professional pai gow player IMO

Lol - it makes me sound like I go hit the slots or craps tables to try to make money.

baudib1 · Sep 21, 2011

degens gonna degen

Pascal-lf · Sep 21, 2011

cba to comment on the mess that ftp is made but lol'd hard at Debi's comments - imo write to them and complain, makes you sound serious degen

Debi · Sep 21, 2011

Complaining would accomplish nothing at this point lol. It has already been released - and the printed version is everywhere.

Only you guys have ever heard of me anyway.

nevadanick · Sep 21, 2011

dakota-xx said:
Complaining would accomplish nothing at this point lol. It has already been released - and the printed version is everywhere.

Only you guys have ever heard of me anyway.

not any more ...

Investigative reporters and iReporters are EVERYwhere ...

******************************

Tom1559 · Sep 21, 2011

Interesting information and maybe pretty serious for Ferguson, Lederer and a few others.

Ernster86 · Sep 21, 2011

A very frustrating situation indeed. Both FT and the DOG are to blame. DOG has ruined FT with their dumb laws yet FT should have never touched player funds in the first place.

Are howard and Chris the monsters we are making them out to be or were they just foolish.

In their defense they always honored player deposits prior to Black Friday, but still taking players money was a real dumb and greedy move when they were already rolling in the cash.

Are Howard and Chris outright criminals/fraudsters? and do they deserve to go to jail that is the biggest question I have or were they just negligent? If they were negligent, losing the money and company is enough punishment no?

Maybe I just want to believe in these guys too much I don't know....

nightmoves44 · Sep 21, 2011

hit the fan

From what Ive been reading on this subject,Lederer,Bitar,Furst,and Ferguson all knew this was happening.Whoever was on the board members and directors all knew about the ponzi scheme.They also knew Fulltilt was in financial trouble back in March,way before black friday.
So,yes,they are in a world of sht,and going to have fun trying to prove they did not know.....

naruto_miu · Sep 21, 2011

I personally hope they all go to Jail to be honest, I mean it's not right to do what they did to there customers+they already had money....I mean it might seem harsh but I don't see another way to Deter these sorts of Crimes (I'm speaking like 10+Years, Prison Terms)...Also I'd like them to Have to Pay some sort of Restitution so it would be just as Painful to them to have to be Robbed for your funds as they Robbed others of theres

PurgatoryD · Sep 21, 2011

dakota-xx said:
Lol - it makes me sound like I go hit the slots or craps tables to try to make money.

Money to pay the rent, no doubt! LOL!

Ah, the media loves to sensationalize everything. They've never heard of BRM, so to them you're just one roll of the dice away from homelessness! (Even if there are no dice in cards.)

ChuckTs · Sep 21, 2011

hahah big timing in Debi!

postflopper · Sep 24, 2011

did u guys see the tom dwan interview on fox regarding this story?

buster999 · Sep 24, 2011

Just watched it Thx

BigJamo · Sep 25, 2011

dakota-xx said:
I need to clarify that I said that I now play live poker in Vegas - not that I now rely on gambling trips to Vegas lol.

So true hun, it is, "Life Changing"

MUST READ: L.A. Times, Full Tilt a Ponzi scheme

SavagePenguin

Put the win in penguin

Maid Marian

RIP Baby BooBoo

OzExorcist

Broomcorn's uncle

Debi

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SavagePenguin

Put the win in penguin

OzExorcist

Broomcorn's uncle

naruto_miu

Legend

Debi

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baudib1

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Pascal-lf

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Debi

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nevadanick

Back to work ... zzzzz

Tom1559

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Ernster86

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nightmoves44

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naruto_miu

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PurgatoryD

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postflopper

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