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Bank forecloses on Barry Greenstein’s House
I remember years ago this cat was giving all of his winnings to charity. Millions upon millions. Fukkin idiot.
Barry Greenstein is often referred to as the “Robin Hood of Poker” for donating a large portion of his tournament winnings to charity. However, he probably should have donated a little more of this money to himself since the bank recently foreclosed on his $2.5 million Rancho Palos Verdes mansion. According to a TwoPlusTwo thread, he was behind on his mortgage payments by about $200,000.Now I should start off right away by saying that this doesn’t necessarily mean Barry Greenstein is flat-broke. After all, the real estate market has plummeted throughout much of the United States, and foreclosure isn’t always the worst option for those whose houses are worth far less now. But there’s also no confirmation that the 58-year-old is is doing alright financially either.
During the mid-2000′s, he was a very successful live cash pro and often competed in the big Bellagio games. However, we don’t hear as much about Greenstein’s success in live cash games any longer. He had a solid showing at the 2012 WSOP after cashing five times and taking runner-up in a $1,500 Seven Card Stud tournament ($78,038). But the $225,132 that he earned in tourneys this year is far from his career best.
It’s not exactly a period of financial bliss for the entire Greenstein family either because Barry’s stepson, Joe Sebok, has recently taken a grape-crushing job at a winery. Unlike his stepfather though, Sebok doesn’t seem to have quite as good of a chance of grinding his way back to respectability. Greenstein, on the other hand, has plenty of cash game skills and $7,778,775 in live poker tournament winnings. That said, he should definitely be able to build up some more money in the future.
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Originally Posted by CarpeDime
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