Phil Ivy Broke?????

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  • ttwarrior1
    BARRELED IN @ SBR!
    • 06-23-09
    • 28454

    #36
    if the full tilt stuff ever clears up, he will always have people backing him in big poker tourneys so he will make more cashes in the future while the rest of us know the truth
    Comment
    • stevenash
      Moderator
      • 01-17-11
      • 65487

      #37
      Phil Ivey’s ex-wife has petitioned the Nevada Supreme Court to disqualify the judge who ruled on the couple’s divorce case because Ivey donated money to the judge’s re-election campaign.

      Luciaetta Ivey claims that the poker superstar’s donation to Family Court Judge Bill Gonzalez reeks of judicial impropriety. The uncontested divorce was granted in December 2009, and Ivey contributed to the judge in the early part of 2010.

      “The public is entitled to know that impartiality is the rule for the judiciary,” the petition stated. “Further, Luciaetta is entitled to fairness and the appearance of fairness before this court and recusal is the only way that she can be sure to receive both.”

      Luciaetta’s filing raises concerns about possible conflicts of interest that develop when judicial candidates accept campaign contributions from parties or lawyers who have or had a case before them and about state guidelines regarding when such contributions should result in a judge recusing himself from a particular case.

      One expert on legal ethics who read over the petition felt that it would be in the parties’ best interest to assign a new judge to the divorce case in order “to ensure public confidence.”

      Jeff Stempel, a law professor at the University of Nevada Las Vegas, said Nevada’s statute on judge disqualification was rather weak and that the state tends to favor keeping judges on the cases that are originally assigned to them. The Nevada Supreme Court has, in the past, rejected various recommendations for imposing stricter disqualification standards, Stempel said.

      The couple married in Las Vegas on May 19, 2002, and the divorce decree was entered Dec. 29, 2009. Per both parties’ request, the case was sealed.

      Luciaetta Ivey, now residing in Tampa, Fla., hired attorney Bruce Shapiro in March after thinking about and questioning the fairness of the divorce settlement. Shapiro told her about her ex-husband’s campaign contributions to the judge.

      “I was blindsided,” Luciaetta Ivey said. “I was very upset. I was very disgusted.”

      Luciaetta Ivey filed a motion in June in Clark County Family Court that raised several new issues in her divorce case. The motion was scheduled to be in front of Judge Gonzalez, but Luciaetta Ivey objected, filing an “affidavit of implied bias or prejudice,” which was based on Phil Ivey’s campaign contributions.

      Gonzalez then filed an affidavit stating his belief that he was “capable of rendering judgment in this matter in a fair and just manner.”

      Stempel said that the judge’s comment suggests that Gonzalez applied a wrong standard in his refusal to step down from the case.

      “Judge Gonzalez’s personal view as to his ability to be impartial is irrelevant,” the law professor said. “What is relevant is whether a member of the public would have reasonable concerns over his impartiality.”

      Luciaetta Ivey filed another motion in August to disqualify the judge. Phil Ivey opposed the motion and Chief District Judge Jennifer Togliatti denied the motion in September.

      Luciaetta Ivey then brought the matter before the Nevada Supreme Court, saying “that it would appear improper, even unseemly, for Judge Gonzalez to be able to hear a matter involving his largest individual campaign contributor.” The case is now on the docket of Judge Gonzalez for next Tuesday.

      Luciaetta Ivey’s petition before the high court claims that her ex-husband donated $5,000 to the judge’s campaign on April 17, 2010. Stempel said that the poker pro’s contribution to Gonzalez “obviously” meant that he was satisfied with the divorce decree “and may have anticipated possible challenges.”

      Nevada law has no limits on the amount of contributions that judges may accept from parties or lawyers appearing before them, but the law does bar judges from hearing cases in which “actual bias or prejudice for or against one of the parties,” could be an issue. The Nevada Supreme Court ruled in 1977 that “recusal would be a necessary step to alleviate or obviate” even the slightest appearance of improper conduct.

      The Nevada Code of Judicial Conduct states that, “A judge is disqualified whenever the judge’s impartiality might reasonably be questioned.”

      The “total community income” of Phil and Luciaetta Ivey was almost $8 million in 2008, according to tax returns cited in Luciaetta Ivey’s petition.

      Phil Ivey has won eight World Series of Poker (WSOP) championship bracelets and is in a fifth place tie on the WSOP’s all-time list. However, he refused to play in the 2011 WSOP events, which concluded last week with Pius Heinz of Germany capturing the WSOP Main Event title along with $8.7 million.

      Phil Ivey stated that he was “embarrassed” that Full Tilt Poker, his sponsor, had not reimbursed players who were owed money by the poker site after the Department of Justice shut down the poker room in April in the Black Friday fraud and money laundering allegations.

      “I am not playing in the World Series of Poker as I do not believe it is fair that I compete when others cannot,” Ivey stated “I am doing everything I can to seek a solution to the problem as quickly as possible.”

      Ivey also filed a case in June in Clark County District Court, alleging that Tiltware, the California-based parent company of Full Tilt, damaged his reputation because of his affiliation with the poker site.

      Ivey has earned more than $5 million in WSOP events and over $13.8 million in his tournament poker career.
      Comment
      • BarkingToad
        SBR Hall of Famer
        • 08-31-08
        • 5913

        #38
        Didn't he have to sell his Vegas mansion last year? Lost 2 million on Laker/Celts a few years ago and missed the WSOP this year? It was also reported he was borrowing millions from Full Tilt, so why would he keep borrowing if he wasn't broke?

        I feel shocked!
        His gambling habit became a skidmark on the underpants of society.
        His WSOP absence was noticeable.
        Comment
        • BarkingToad
          SBR Hall of Famer
          • 08-31-08
          • 5913

          #39
          Originally posted by itchypickle
          He'll be an SBR Pro playing for points by Jan
          Comment
          • Bobby D
            Restricted User
            • 02-16-11
            • 140

            #40
            Fulltilt was his cash cow.
            Comment
            • mighty maron
              SBR MVP
              • 04-20-09
              • 4215

              #41
              Originally posted by jjgold
              He is broke

              I predicted it years ago and everyone laughed at me


              If you gamble heavy you die broke no matter if your making 100 million a year
              This is all a smoke screen. An attempt to shield him from litagation for FTP involvment
              Comment
              • P.F.Kasooff
                SBR MVP
                • 11-13-10
                • 1903

                #42
                Really hard for Brothas to handle fame & fortune
                Comment
                • thebestthereis
                  SBR Posting Legend
                  • 03-01-09
                  • 11459

                  #43
                  100% false if u believe gamblers are broke. Lang is rolling strong and he gambles everyday, he told me. If you have the extreme diligence and refuse to lose attitude you can come out on top of your profession.
                  Comment
                  • JBC77
                    SBR MVP
                    • 03-23-07
                    • 3816

                    #44
                    Poker has cooled off quite a bit from it's hey day. Guys like this go bust all the time. Johnny Chan comes to mind. Guy has been down to his last penny a few times. Eventually the law of numbers catches up to you when your taking on risk all the time and your lively hood depends on it.

                    Is there a worse feeling from being stinkin rich to dead broke? Probably not.
                    Comment
                    • P.F.Kasooff
                      SBR MVP
                      • 11-13-10
                      • 1903

                      #45
                      Phil in 10 years
                      Attached Files
                      Comment
                      • icancount2one
                        SBR MVP
                        • 01-05-10
                        • 1507

                        #46
                        If he's broke, it's because the feds confiscated boatloads of his money. Between black friday and his divorce, he's had some serious BS to deal with that would fukk up any businessman, gambler or no.

                        And the Matusows rank among the least credible people in the poker world, so it's unlikely he's even busto.
                        Walter forgot... when you're desperate's when you got no choice.
                        Comment
                        • jetsjets1028
                          SBR MVP
                          • 02-10-10
                          • 1234

                          #47
                          lol phil ivey? wow thats amazing
                          Comment
                          • tatommack
                            SBR MVP
                            • 10-10-08
                            • 4171

                            #48
                            I took him for 18k at the bellagio last year. Rockets against his queens.
                            Comment
                            • Scorpion
                              SBR Hall of Famer
                              • 09-04-05
                              • 7797

                              #49
                              Originally posted by P.F.Kasooff
                              200 million dollars 'in' : 210 million 'out' = broken dick
                              Comment
                              • Ian
                                SBR Hall of Famer
                                • 11-09-09
                                • 6071

                                #50
                                Phil Ivy Broke?????
                                Can JJ Gold Spel?????
                                Comment
                                • big joe 1212
                                  SBR Posting Legend
                                  • 06-01-08
                                  • 19380

                                  #51
                                  Originally posted by tatommack
                                  I took him for 18k at the bellagio last year. Rockets against his queens.

                                  Comment
                                  • stevenash
                                    Moderator
                                    • 01-17-11
                                    • 65487

                                    #52
                                    Originally posted by big joe 1212
                                    I believe him, I made Linda Lovelace gag once.
                                    Comment
                                    • Bcatswin
                                      SBR Posting Legend
                                      • 12-21-10
                                      • 13931

                                      #53
                                      Originally posted by BarkingToad
                                      Comment
                                      • ChuckyTheGoat
                                        BARRELED IN @ SBR!
                                        • 04-04-11
                                        • 37286

                                        #54
                                        Originally posted by Brock Landers
                                        it was inevitable, he thought he couldn't lose, that probability didn't matter to him
                                        Ivey always seemed like a putz. How much was he betting on a roll of craps? $20,000?

                                        Brock and JJ Gold called it!!

                                        PS, if his wife wanted in for the ez street ride, shouldn't she split the expenses, too?
                                        Where's the fuckin power box, Carol?
                                        Comment
                                        • Leo Bello
                                          SBR Sharp
                                          • 09-23-11
                                          • 267

                                          #55
                                          Originally posted by jjgold
                                          He is broke

                                          I predicted it years ago and everyone laughed at me


                                          If you gamble heavy you die broke no matter if your making 100 million a year
                                          Roger that! An oldtimer told me this saying years ago:

                                          "No amount of money is safe from reckless, nonstop wagering."

                                          Phil Ivey and those guys do get staked all the time, so I doubt if we've seen the last of him. Besides, I often thought that during these televised poker tournaments when you must stay in the game until a person is fifth or sixth, when they are betting 1.2 million or 1.75 million, the money isn't like playing in a cash game, where when you bet that money it is much more significant.
                                          Comment
                                          • GUMMO77
                                            SBR Hall of Famer
                                            • 08-23-10
                                            • 9294

                                            #56
                                            I would need to see much more proof to believe this. Until some casino comes out in a lawsuit claiming Ivey owes them 10 million (10 million, are you ******* serious!;that number alone should raise questions on the truthfulness of this story) or some other viable evidence, I'm calling bullshit. Believing anything a Matusow says in complete darkness is insane. Plus, the initial story has too many "allegedly" and "rumor(s)" for my taste.

                                            As a gambler and poker player, I liked Ivey. The dude is/was crazy, fun, and made insane bets, because he could. Like we all ******* would if we were in his shoes.
                                            Comment
                                            • sideloaded
                                              SBR Hall of Famer
                                              • 08-21-10
                                              • 7561

                                              #57
                                              So what? He can earn every penny back with skill. If he was some lottery winner then I would feel bad for him.
                                              Comment
                                              • ChuckyTheGoat
                                                BARRELED IN @ SBR!
                                                • 04-04-11
                                                • 37286

                                                #58
                                                Originally posted by sideloaded
                                                So what? He can earn every penny back with skill. If he was some lottery winner then I would feel bad for him.
                                                What skill? What part don't you get about being "broke"?
                                                Where's the fuckin power box, Carol?
                                                Comment
                                                • GUMMO77
                                                  SBR Hall of Famer
                                                  • 08-23-10
                                                  • 9294

                                                  #59
                                                  Originally posted by ChuckyTheGoat

                                                  What skill? What part don't you get about being "broke"?
                                                  Since Ivey has beating the top players/games for years, I say that is a skill, no?

                                                  And on your previous post "if his wife wanted in for the ez street ride, shouldn't she split the expenses, too"? She didn't marry Ivey when he was rich and "famous", she started dating Ivey in high school, and has been broke with the dude many times before their divorce. She was in no way "in for the ez ride"
                                                  Comment
                                                  • 19th Hole
                                                    SBR Posting Legend
                                                    • 03-22-09
                                                    • 18949

                                                    #60
                                                    Ivey is a certified piece of work.
                                                    I hope that he is down for the count
                                                    after his particpation in Full Tilt.
                                                    (Who knows...He could have a boatload
                                                    buried in his Mexican mansion.)
                                                    Couldn't happen to a creepier guy.
                                                    Comment
                                                    • sweethook
                                                      SBR Posting Legend
                                                      • 11-21-07
                                                      • 12667

                                                      #61
                                                      Originally posted by itchypickle
                                                      He'll be an SBR Pro playing for points by Jan
                                                      i hope so , in time everone needs to be sbr
                                                      Comment
                                                      • daimoshokage
                                                        SBR Hall of Famer
                                                        • 02-07-11
                                                        • 8935

                                                        #62
                                                        Only idiots will believe that ivey is broke..
                                                        Comment
                                                        • Iwinyourmoney
                                                          SBR Posting Legend
                                                          • 04-18-07
                                                          • 18368

                                                          #63
                                                          When I was in Vegas playing next to a poker pro Tony Dunst at the Aria, I spoke with him about the fulltilt mess.

                                                          Quotes:
                                                          "The fall of FTP ruined me financially. I had no warning like everyone, I had most of my bankroll on there"

                                                          "Ivey has not been seen in Vegas since the fall of FTP. Im not even sure if he's in the country"

                                                          Comment
                                                          • jjgold
                                                            SBR Aristocracy
                                                            • 07-20-05
                                                            • 388179

                                                            #64
                                                            Very few poker players have money
                                                            If you gamble all the time then you have no money
                                                            Comment
                                                            • FuzzyDunlop
                                                              SBR MVP
                                                              • 01-15-11
                                                              • 2422

                                                              #65
                                                              Originally posted by JBC77
                                                              Poker has cooled off quite a bit from it's hey day.
                                                              What hey day? If you're referring to was the largest main event, which still had smaller fields in the prelims than this year. All prelim numbers were insane, cash games on site were insane regularly spreading 100/200NL for weeks straight.
                                                              Comment
                                                              • doublej95
                                                                SBR Posting Legend
                                                                • 01-26-10
                                                                • 14094

                                                                #66
                                                                Originally posted by Ian

                                                                Can JJ Gold Spel?????

                                                                only 1 of the 4 jj's can spell. the one that spell's so bad english is not his native tongue
                                                                Comment
                                                                • mikemca
                                                                  SBR Posting Legend
                                                                  • 03-10-10
                                                                  • 10047

                                                                  #67
                                                                  Originally posted by ChuckyTheGoat
                                                                  What skill? What part don't you get about being "broke"?
                                                                  Yeah an article says he is broke so it must be true.If that is the case then watch out for the 3 legged martians that inhabited the moon and are waiting for the right time to attack.


                                                                  Originally posted by jjgold
                                                                  Very few poker players have money If you gamble all the time then you have no money
                                                                  I agree with this but Ivey would be one of those few that have money.He has been owning cash games for the better part of the last 10-15 years.Some of which weren't even in this country so I doubt there were accurate records kept.If you notice all the $$$ in question was what Ivey had on the books.I'd say its a pretty safe bet he has stacks of cash that are unaccounted for.

                                                                  On the other hand Matusow would definitely be one of the majority that doesn't have money .He and Hellmuth have made a name for themselves which is good for them because they couldn't beat 1-2 NL on SBR poker.The difference being Hellmuth is a pretty smart business man and builds his money while Matusow is a degen and is destined to be the broke type you are labeling Ivey as.Ivey>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>Matusow
                                                                  Comment
                                                                  • wikkidinsane
                                                                    SBR Posting Legend
                                                                    • 05-30-10
                                                                    • 13799

                                                                    #68
                                                                    you guys are str8 up dicks for hating on ivey like this. I hope all who criticize him in this thread goes broke and never win again. Fkin humans
                                                                    Comment
                                                                    • wikkidinsane
                                                                      SBR Posting Legend
                                                                      • 05-30-10
                                                                      • 13799

                                                                      #69
                                                                      Originally posted by daimoshokage
                                                                      Only idiots will believe that ivey is broke..
                                                                      Well said.
                                                                      Comment
                                                                      • ChuckyTheGoat
                                                                        BARRELED IN @ SBR!
                                                                        • 04-04-11
                                                                        • 37286

                                                                        #70
                                                                        I'm hearing that Ivey is toast:

                                                                        "Phil Ivey's ex-wife received a purse collection worth more than $1.2 million, jewelry valued at more than $1 million and $180,000 a month in alimony as part of her divorce settlement with the poker star, according to a document filed earlier this month with the Nevada Supreme Court."

                                                                        Phil did everything for this girl...and he winds up w/ his rooster in his hand. What did she do to earn this figure? I can see maintenance of a modest life style, but that's not more than $2000 per month. $180k per month. Fukk u, lady.
                                                                        Where's the fuckin power box, Carol?
                                                                        Comment
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