Dundasdoz,

You claimed that you "lent Cornell 5 grand about 4 weeks back."

Since Steve came out of hiding to refute this claim, can you explain the details of this transaction?

I can't piece it together from this excerpt of the PM you sent me last night:

the money didnt go through so i still have it. How lucky am i?

However i would still like to help to prosecute the ****. I could easily be you in this situation

--

Moderators: since Dundasdoz claimed a fake debt owed, I'm guessing it's kosher to post this excerpt from his PM showing the inconsistencies in his story, especially since he was begging for a stake this morning.

this UB shill is making a mockery of your situation admo

o_O

If you think that money laundering, as defined by Title 18 of the US Code, is limited to this definition then it is you who doesn't know what he's talking about. Not that I'm saying this transaction constitutes money laundering, I suspect it does not but obviously don't know all the relevant facts. Without getting into all the nuances that can make a difference in a given situation, in essence any financial transaction involving the proceeds of criminal activity constitutes money laundering.

It seems that Admo wants to keep this out of the courts for a number of reasons. One, it's just a hassle to go through the courts. People have pointed out its a slower (and sometimes futile) system. Secondly, he doesn't want to completely ruin a young kid's reputation over what could be an mistake from a moment of panic, desperation, and degeneracy. If Admo filed charges of fraud/larceny against Steven -- even if there was no conviction -- it would be quite damaging to Steven's future.

Obviously Admo isn't going to let Steven's reputation stop him from eventually filing charges/lawsuits if Steven continues to dodge him and give him the runaround. However, there is nothing wrong with giving a guy some time to make good on his debts.

EDIT: This post isn't worded as well as I would have liked. I'm not trying to say I know Admo's intentions; more like I was postulating his reasons for not going to the courts right away.

...self edit to avoid yet another useless legal knowledge pissing match thread hijack...

Have a nice day and good luck in your future legal studies.

LOL at those who are naive enough to think everything is either black or white.

Thanks, I'm hoping to practice criminal defense in Manhattan like a guy with the same name as me used to do.

yes with or without steve, ub scandal would have recovered. steve was a great help but a lot of people contributed. trambo, gaucho and mr wonkman are the first one to get suspicious. i was one of the people after that to find out and help out with the scacndal and there are probably many others than that contributed. it wasn't just steve. it really really bothers me when people assumed steve was the only one that helped out with the whole process. its a joint effort. i even felt like it got to steve and steve actually thinks he is responsible for solving the whole ub case. that is also one of the reasons he got a stake from some of the ub players for the WSOP.

WAT?


Please explain.

this is pretty much true. except that CF is a relatively young guy so a judgment can last for years into after he recovers and obtains employment and/or other assets. If he files bankruptcy, it would pretty much be over unless charges are pressed.

Also, i think $.35 on the dollar without a without a written instrument is overly optimistic to say the least

This is ridiculous. Declaring bankruptcy is a minor hassle with very minor consequences. Maybe you can't get credit for a couple of years, BFD. On the other hand, many people get a bunch of credit card offers right afterwards because they can't declare bankruptcy again for 7 years or whatever. And if you behave responsibly afterwards (eg always pay on time) you can rebuild your credit after 2-3 years, no problem.

Yeah, alot of people contributed but trambo and gaucho deserve the most credit. Steve came in and tried to give the impression he was the driving force all along.

Yah, you're right, he should just have that $30,000 theft wiped clean.


These people are acting like $30,000 is like a years salary to over half the US population.


It's $30,000 dollars...let it go.

i am no lawyer, but i doubt full tilt money counts for jack crap in a court of law, thus you can`t sue him, and he could probably get the web site taken down for `slander/libel' or what not

ahhahaha sweet logic dude

i thought the most recent bankruptcy law makes it much harder to do a Chapter 7 (wiping away of all debt except student loan, IRS debt...)

now it's more likely a bankrupt person has to file on another Chapter of the bankruptcy laws and end up "reorganizing" debt on a payment plan (which is what Admo is suggesting to Cornell anyway)

Steve graduated in 2007

Getting a little credit card is no big deal after bankruptcy.

Where it really ****s with you is when you want to borrow $20K for a care or $200K for a house. Simply doesn't happen (unless you have a LONG history of good credit since the bankruptcy) without someone else guaranteeing your loan.

Protip: Don't plan on becoming a lawyer.

Nah, it just closed some loopholes for high income people. I doubt Villain falls into that category at this point.

"High income" isn't all that high. It is $42k/year in California for a single wage earner, and probably similar in NY without looking it up.

yes, i think it should. the text remains even more relevant than ever. the subtext is simply beautiful.

Well this sure is a dangerous post.

Sure, but you can still use Chapter 7 if you are above that median, you just have to show inability to repay.