1. #1
    mr. leisure
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    Full Tilt Poker Accused Of Stealing $440 Million In Giant Ponzi Scheme

    Last edited by mr. leisure; 09-20-11 at 12:22 PM.

  2. #2
    jarvol
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    Shockkkkkkkker!

  3. #3
    wantitall4moi
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    all books are set up the same way basically. So it isnt any shock. I wouldnt say any book has enough cash on hand to pay all the post up funds they have balances for. They just did it on a much larger scale because poker started to become main stream and when you have major networks putting it up over and over again it is just a green light for these guys to take advantage of peoples naivete.

    They should go after every single professional and network that promoted these sites and sue the shit out of them, as well as prosecute them as accessories. I am sure every ambulance chaser around is trying to get up a class action suit. But the government should step in here and start writing warrants. They want to force these guys out they should then try and arrest some of the domestic entities that promoted them to allow them to get so big in the first place.

    Will be interesting to see what happens. but I imagine nothing.

  4. #4
    Hoonk
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    Whatttt? 410 million?

  5. #5
    stevenash
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    Just read that, don't think for a second Ivey's hands aren't dirty too.

    I wouldn't be surprised if Ivey winds up face up in the Camden River.

  6. #6
    FreeHainsworth
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    Good thing I withdrew my money

  7. #7
    mighty maron
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    Several K I had on the site when it all went down

  8. #8
    jetsjets1028
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    cant even play for free on that site

  9. #9
    neverstoppers23
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    Wow. Wow. Wow.

  10. #10
    mr. leisure
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    I hate theives
    Last edited by mr. leisure; 09-20-11 at 12:24 PM.

  11. #11
    RGG
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    Wouldn't suprise me. Online poker/gambling is crazy, we all know it.

  12. #12
    wrongturn
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    The funny thing is if there were no Black Monday, FTP would still be a top poker site. And if there were no 2008 market crash, Madoff would still be a great fund manager.
    Last edited by wrongturn; 09-20-11 at 12:14 PM.
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  13. #13
    mr. leisure
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    Quote Originally Posted by wrongturn View Post
    The funny thing is if there were no Black Monday, FTP would still be a top poker site. And if there were no 2008 market crash, Madoff would still be a great fund manager.

    So true

  14. #14
    noober
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    the link is not working or article was removed

  15. #15
    RGG
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    Quote Originally Posted by noober View Post
    the link is not working or article was removed
    Just go to 2+2...there's a ton of threads on it there.

  16. #16
    mighty maron
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    Quote Originally Posted by wrongturn View Post
    The funny thing is if there were no Black Monday, FTP would still be a top poker site. And if there were no 2008 market crash, Madoff would still be a great fund manager.
    right on point...the world would have never known



    Howards brother made millions from owning the store that Full Tilt bought the items from ftps

  17. #17
    ThaWoj
    hope i dont wake up tomorrow
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    wow.

    thx for the article. kinda glad if that happens, they deserve it if all the charges are true.

  18. #18
    k13
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    Poker players won't do shit but maybe the FBI will.

    Be nice to see all those crooks pennyless and in jail.

    They suck at poker anyway so without backers/stolen funds they won't be able to get anything back.

  19. #19
    pokerplayer22
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    Quote Originally Posted by stevenash View Post
    Just read that, don't think for a second Ivey's hands aren't dirty too.

    I wouldn't be surprised if Ivey winds up face up in the Camden River.
    Definately agree about Ivey...The funny thing is, he tried to play the victim card and get sympathy and boycot the WSOP this year. What a bunch of crooks.

  20. #20
    BiTeMe UsAdOj
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    These bastards stole a good chunk from me, too. I've wanted to 'hurt' Howard, Ferguson, et al since all this thievery got exposed...

  21. #21
    jjgold
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    This is why online poker will never be legal in usa


    What a crook Ivy is, I heard he is one of main culprits

    He needed the money because he has blow almost everything

  22. #22
    BrigadierPudding
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    According to Forbes, prosecutors allege that CEO Ray Bitar illegally received $41 million, Lederer got $42 million and Ferguson pocketed at least $25 million.

    Why haven't Lederer and Ferguson been arrested?
    Nomination(s):
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  23. #23
    ttwarrior1
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    subject poker is also the same people that made up the merge news a couple weeks ago that was 100 percent totally not true. It was all a made up lie

  24. #24
    sportsfanatic
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    i hope the u.s. is wrong about this.

  25. #25
    mighty maron
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    Despite the money lost this video gives me a chuckle




  26. #26
    Harmy G
    cool story bro
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    Will this day be know as Truth Tuesday?

  27. #27
    P.F.Kasooff
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    Further evidence that JJ's claim is true: No such thing as a 'professional' poker player. Got to have an angle!

  28. #28
    P.F.Kasooff
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    Wow! Even Wall Street Journal's Market Watch is covering the story.

    Video Here

  29. #29
    mr. leisure
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    Quote Originally Posted by P.F.Kasooff View Post
    Further evidence that JJ's claim is true: No such thing as a 'professional' poker player. Got to have an angle!
    If they weren`t so greedy all they have to do is sit back collect the rake and get rich .

  30. #30
    P.F.Kasooff
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    Quote Originally Posted by mr. leisure View Post

    If they weren`t so greedy all they have to do is sit back collect the rake and get rich .

    Wall Street Journal's Market Watch is saying the Money Processors crackdown got so tight that FTP just said fuuk it and stole the post-up funds. <---- In a nutshell

  31. #31
    sharpcircle
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    Quote Originally Posted by ttwarrior1 View Post
    subject poker is also the same people that made up the merge news a couple weeks ago that was 100 percent totally not true. It was all a made up lie
    citation?

    because you're a known retard and subject poker / noah isn't.

  32. #32
    PaperTrail07
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    looking back at this in 100 years......maybe top 10 greatest scams of all TIME

  33. #33
    PaperTrail07
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    Quote Originally Posted by jjgold View Post
    This is why online poker will never be legal in usa


    What a crook Ivy is, I heard he is one of main culprits

    He needed the money because he has blow almost everything

    JJ thats 100% wrong...hes got plenty of $$$$$$$$$$ ....i thnk he knew it was going down though
    ..............

  34. #34
    KEdge2k
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    Don't these board members have some sort of fiduciary responsibilities to ensure the money is available to distribution to the players? I can imagine that there will be civil suits filed shortly by various individuals who had high balances at the time of the seizures.

  35. #35
    nenad
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    us justice took the money

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