Quote:
Originally Posted by ZeckoRiver
Would be ironic if the aruba package that equity was holding seats for coincided with the ppc fiasco blowing up in nvg.
Link?
Quote:
Originally Posted by BorisTheHead
Hey All,
Clearly all money is lost on the sight - but received a long overdue response from former CEO Clive Archer who stepped down a few years ago, as I had reached out to him. If anything, he names 3 people at the front of this, and I think everyone should be wary of these 3 names if you ever see their name attached to a poker site, or are affiliated in the gambling industry.
"I am as upset as you over the demise of the Equity Poker Network. I actually essentially stopped consulting to the owners in 2014 as I had a bad health year (heart attack and then Swine Flu ) and was too ill to work. In 2015 the owners asked me to help them find new owners as the company needed investment. I helped them sell the company to a Spanish business . The business was sold for $1 on the understanding that the new owners would put $1.5million into the business as investment. I had no involvement after the deal was done (the existing owners wrote off all debt to them to make this deal happen). The new owners put no money into the business and it seems in fact took salaries and expenses out of the business. I do not know the details but it seems the software provider eventually turned them off for non payment for many months. I heard rumors of the staff trying to resurrect the business but I have seen nothing concrete. I wish I had better news and I could tell you how to get recompense but as far as I know there is no money at all in the business and no real assets. The individuals who caused this to happen were Jorge Barahona (ex Doyles Room), Victor Bigio (ex UB/ absolute) and Hugues Marion (ex Bodog). They have disappeared since this happened so I have no contact details for them. Victor lives in Canada, Jorge in Costa Rica and Hugues in Malta I believe. My understanding is that they took money from the business in the form of salaries and expenses over the 1 year of their ownership and owe money to players, affiliates, and service providers. The only way forward in my opinion is to go after them personally."
-Boris
Thanks for posting that Boris. Some of what you've posted, seemingly as a quote from Clive, jives with what I've learned during my investigation. However, some of it is in direct conflict with what I've been told by various sources.
There is more to the story regarding the software provider issue and who was involved. There also appear to be some discrepancies with observed facts. For example, some money was injected into the company and I think that is pretty readily apparent from the cashout surge early in 2016. However, it certainly wasn't 1.5mm.
The owners were taking salaries insofar as I can tell, relatively generous ones relative to say an average worker, but nothing crazy given this is the online gambling industry and they own(ed) a gambling company. However, some of the people listed will dispute their involvement and it will likely be difficult to prove otherwise. Two out of three of those people probably can not even be reached because I think they've fled the countries they were residing in.
I intend to release some of this information in the coming week or two. I won't be able to link to it here, but I'm sure someone will.
--
Kahn