So, today, numerous sources, sites, including 2+2, pocketfives, BBC, and Card player etc... confirmed today Full Tilt is pretty much bankrupt, but they are still taking in rake from international players, but not paying out US or International players. They will declare bankrupcy soon, but are trying to squeeze out the last dimes from poor unsuspecting players. Poker Stars on the flip side, IS paying out US players now and International. Some of the points the articles touched on...
-Full Tilt accepted echecks for 7 months knowing the whole time they weren't getting deducted from bank accounts, but still allowed this to collect rake
-They let people roll their echecks over and over again and shut down other peoples accounts when they beat fraudulent accounts. Then they have to pay out legit players who beat these people.
-FTP paid their Pros Millions on Black Friday, but not any other customers.
-For the past 9 months, FT has bounced 60% of players withdrawals pre Black friday
-Full Tilt has laid off half it's work force in Dublin from 700 to 350 and has no answered 20k emails from customers
-Full Tilt has stalled and blamed the DOJ for freezing all the money, when in fact it was just money in transfer that day that was frozen, less than 0.2% of the players total pool, however they are using this as an excuse to blame the DOJ about where the money really is and where it's spent
-Most of the money was spent on players, high execs, trips, private jets, etc...
-This is pretty much a textbook Ponzi scheme
-FTP "pros" are no where to be found. The majority of team full tilt is in hiding, while the red shirt pros still have gotten no answers
It's obvious for years FTP never segregated players money, they were suppose to do this as per KGC regulations, but instead spent it all. It' sickening. I hope they all go to jail for life.
-Full Tilt accepted echecks for 7 months knowing the whole time they weren't getting deducted from bank accounts, but still allowed this to collect rake
-They let people roll their echecks over and over again and shut down other peoples accounts when they beat fraudulent accounts. Then they have to pay out legit players who beat these people.
-FTP paid their Pros Millions on Black Friday, but not any other customers.
-For the past 9 months, FT has bounced 60% of players withdrawals pre Black friday
-Full Tilt has laid off half it's work force in Dublin from 700 to 350 and has no answered 20k emails from customers
-Full Tilt has stalled and blamed the DOJ for freezing all the money, when in fact it was just money in transfer that day that was frozen, less than 0.2% of the players total pool, however they are using this as an excuse to blame the DOJ about where the money really is and where it's spent
-Most of the money was spent on players, high execs, trips, private jets, etc...
-This is pretty much a textbook Ponzi scheme
-FTP "pros" are no where to be found. The majority of team full tilt is in hiding, while the red shirt pros still have gotten no answers
It's obvious for years FTP never segregated players money, they were suppose to do this as per KGC regulations, but instead spent it all. It' sickening. I hope they all go to jail for life.
