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Old 11-06-2012, 07:25 AM   #426
NeedsToBeSaid
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

Quote:
Originally Posted by vvolf69 View Post
@DF: By Sam Al-Amiri you mean the former head of derivates trading middle east/asia of UBS and Rabobank? You wanna say that Alpen Partners was the potential investor behind Ivey? - This is a very interesting point you have there. Iīm curios to read about that, however iīm fairly skeptical about that point. May your sources are misleading or misleaded.
That was widely accepted conventional wisdom at the time. I'm not sure who mentioned it first, but it was extensively discussed in the old FTP thread.
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Old 11-06-2012, 07:49 AM   #427
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

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That was widely accepted conventional wisdom at the time. I'm not sure who mentioned it first, but it was extensively discussed in the old FTP thread.
whatīs your understanding of widely accepted wisdom? - i remember so much rumors, even stars was named as iveys backup. DF presents this as a fact and i have doubt in that fact because itīs more than unlikely to be true. Alpen Partners is one of the biggest private equity funds in the world and Al Amiri is their CEO. Their usual deals are 100 or even 1000 times bigger than a $30kk cash injection that it makes no sence in any way to make their CEO show up in person (even if it was about buying 40% of the company like the binion deal). second thing which makes me curios is that they are specialized in middle east and asia. their usual biz (they are managing institutional multi billion petro dollar funds) is that far from degenerated vegas gamblers that i donīt see how this connection should have begun.

thatīs no widely accepted wisdom but true facts. as said i highly doubt in that part of the story. looks to me the source of this made usage of some nvg rumors. however if this is true i would be interested in the story behind that. if itīs wrong, what is morelikely i would like to know the source and what is more important which other parts of the story are related to this source.
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Old 11-06-2012, 07:53 AM   #428
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

Quote:
Originally Posted by vvolf69 View Post
whatīs your understanding of widely accepted wisdom? - i remember so much rumors, even stars was named as iveys backup. DF presents this as a fact and i have doubt in that fact because itīs more than unlikely to be true. Alpen Partners is one of the biggest private equity funds in the world and Al Amiri is their CEO. Their usual deals are 100 or even 1000 times bigger than a $30kk cash injection that it makes no sence in any way to make their CEO show up in person (even if it was about buying 40% of the company like the binion deal). second thing which makes me curios is that they are specialized in middle east and asia. their usual biz (they are managing institutional multi billion petro dollar funds) is that far from degenerated vegas gamblers that i donīt see how this connection should have begun.

thatīs no widely accepted wisdom but true facts. as said i highly doubt in that part of the story. looks to me the source of this made usage of some nvg rumors. however if this is true i would be interested in the story behind that. if itīs wrong, what is morelikely i would like to know the source and what is more important which other parts of the story are related to this source.
Maybe he met Ivey in a high stakes Macau game and this was going to be a vanity project.
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Old 11-06-2012, 08:32 AM   #429
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

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Originally Posted by NeedsToBeSaid View Post
That was widely accepted conventional wisdom at the time. I'm not sure who mentioned it first, but it was extensively discussed in the old FTP thread.
whatīs your understanding of widely accepted wisdom? - i remember so much rumors, even stars was named as iveys backup. DF presents this as a fact and i have doubt in that fact because itīs more than unlikely to be true. Alpen Partners is one of the biggest private equity funds in the world and Al Amiri is their CEO. Their usual deals are 100 or even 1000 times bigger than a $30kk cash injection that it makes no sence in any way to make their CEO show up in person. second thing which makes me curios is that they are specialized in middle east and asia. their usual biz (they are managing institutional multi billion petro dollar funds) is that far from degenerated vegas gamblers that i donīt see how this connection should have begun.

thatīs no widely accepted wisdom but true facts. as said i highly doubt in that part of the story. looks to me the source of this made usage of some nvg rumors. however if this is true i would be interested in the story behind that. if itīs wrong, what is morelikely i would like to know the source and what is more important which other parts of the story are related to this source.
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Old 11-07-2012, 07:34 AM   #430
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

Quote:
Originally Posted by vvolf69 View Post
@DF: By Sam Al-Amiri you mean the former head of derivates trading middle east/asia of UBS and Rabobank? You wanna say that Alpen Partners was the potential investor behind Ivey? - This is a very interesting point you have there. Iīm curios to read about that, however iīm fairly skeptical about that point. May your sources are misleading or misleaded.
That's what I am saying.

I can guarantee, no sources misled me into saying this.


Quote:
Originally Posted by vvolf69 View Post
whatīs your understanding of widely accepted wisdom? - i remember so much rumors, even stars was named as iveys backup. DF presents this as a fact and i have doubt in that fact because itīs more than unlikely to be true. Alpen Partners is one of the biggest private equity funds in the world and Al Amiri is their CEO. Their usual deals are 100 or even 1000 times bigger than a $30kk cash injection that it makes no sence in any way to make their CEO show up in person (even if it was about buying 40% of the company like the binion deal). second thing which makes me curios is that they are specialized in middle east and asia. their usual biz (they are managing institutional multi billion petro dollar funds) is that far from degenerated vegas gamblers that i donīt see how this connection should have begun.

thatīs no widely accepted wisdom but true facts. as said i highly doubt in that part of the story. looks to me the source of this made usage of some nvg rumors. however if this is true i would be interested in the story behind that. if itīs wrong, what is morelikely i would like to know the source and what is more important which other parts of the story are related to this source.

It doesn't matter if you think it's unlikely to be true, it IS true. This is not a new revelation to me or others, and yes it was mentioned in the FTP thread many many months ago, although I don't think Sam's real name, or that of Alpen was used at the time. I verified this to be true almost a year ago.

Like most things in my articles, I am not single sourced on this. I have more than one source, more than two, more than three.The story was not based on NVG rumors as you suggest, nor has anything else been that I have written. I have vetted the information many times over, and it's been proven to me. It's totally true.

You are absolutely correct to conclude that this type of deal, an online poker site, who was keeping their millions of customers from more than $ 300 million that was rightfully theirs, is not at all the type of "investment" that Sam's company would have typically had on their radar. Makes it all the more interesting, don't you think?
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Old 11-09-2012, 05:40 AM   #431
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

Diamond Flush ‏@Diamond_Flush
Last Installment before summary, Distortion of Truth, http://diamondflushpoker.com/2012/11...iles-part-vii/

I am guessing this means all new information in this series has now been presented? Maybe I am misreading this tweet somehow but I assume it is saying that everything has been put out there now, and it is just time for a summary. If so, what would you guys say are the top few revelations from the series?

Should we be expecting new info about how FTP got into the hole it did from the Chad Elie interview or will that mostly be about payment processing?
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Old 11-09-2012, 05:30 PM   #432
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

DF mainly confirmed several areas where HL's story wasn't that credible to begin with. HL portrayed himself as a selfless individual who stayed on the board because nobody else would do the job rather than being someone who did whatever he could to remain a power in the company. He defined the word "know" as "something I dug into personally to get the answer," rather than "something I heard from someone else that most likely had the information." Finally, his motivation actions to get the players paid off was more due to his desire to get out of the mess without letting people know what was going on than his selfless goal to get the players their money back, no matter what his personal cost.

TBH, I think HL actually believes at this point what he said. That's combined with a poker player's money ethics of "it doesn't matter I didn't pay you off when you wanted your money, you got it eventually so stop caring about how, we're even."
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Old 11-13-2012, 03:56 PM   #433
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Nothing from DF? Nothing from the black Friday Guy? Nothing from Wendeen? All of them promised something and have yet to deliver.

Think we are being slow rolled?
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Old 11-15-2012, 02:31 PM   #434
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

The importance of parts things DF said have not been made clear yet to me. Anyone else feel like it was?
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Old 11-15-2012, 03:12 PM   #435
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

She still hasn't posted the conclusion.
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Old 11-15-2012, 04:37 PM   #436
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I hope part 8 is a rick roll. only real way to save herself at this point imo
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Old 11-15-2012, 05:13 PM   #437
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

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I hope part 8 is a rick roll. only real way to save herself at this point imo
I don't understand the random forum newb hate.

1. Howard is a self-serving POS.
2. DF is putting together why.
3. If you have followed every story line since BF, then most will not be new information. If you haven't and someone says #1, then this will likely be a very good reference.
4. Even if there is no revealing info(would be the opposite of what BFChad has said), anything that brings attention to #1 is very good. Just look at how easy Annie Duke was able to move on to her next scam. It's because no one knew/cared how shady she was. Howard can't even sit at a table right now without headphones, and that isn't going away any time soon.

Unless you think 1 isn't true, you can't really hate on DF for much.
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Old 11-16-2012, 01:51 AM   #438
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

I lost so much interest and there doesn't seem to be anything exciting from the new parts from DF. I stopped at part 4.

Would be super great if someone did cliffs on everything from DF.
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Old 11-16-2012, 05:06 AM   #439
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

Perhaps DF was waiting for this in order to finish her story as well as possible?

http://forumserver.twoplustwo.com/sh...5&postcount=56
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Old 11-29-2012, 05:56 AM   #440
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

Is this series still happening or did some recent events change the plan? I have been pretty out of touch lately so it's definitely possible I missed some big news but the last published part did indicate one more article in the works.
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Old 11-29-2012, 06:35 AM   #441
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

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I lost so much interest and there doesn't seem to be anything exciting from the new parts from DF. I stopped at part 4.

Would be super great if someone did cliffs on everything from DF.
Very tough to do cliffs because everything is written and it is a lot to break down.

Druff did a good radio piece with chad ellie that was about 2 hours long. Was a great listen and easy to follow along
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Old 11-29-2012, 06:41 AM   #442
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

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Originally Posted by insidemanpoker View Post
Is this series still happening or did some recent events change the plan? I have been pretty out of touch lately so it's definitely possible I missed some big news but the last published part did indicate one more article in the works.
I just asked on twitter, reply: "very sorry for delays, some unforeseen personal issues have kept me away for 2 weeks, hope to finish by the end of this week. "
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Old 12-06-2012, 09:18 PM   #443
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

Was there any mention of a part 8 or?
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Old 12-11-2012, 09:14 AM   #444
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

Diamond Flush‏@Diamond_Flush

Distortion of Truth in the Lederer Files-Final Summary and outstanding questions, http://diamondflushpoker.com/2012/12...final-summary/

Diamond Flush‏@Diamond_Flush

Can't apologize enough for the delays in completion, couldn't be helped
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Old 12-11-2012, 12:26 PM   #445
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

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If we look at the numbers, giving the correct weight to every seizure that has happened throughout the existence of the company, every distribution dollar that was paid, every dollar that was stolen by crooked processors, operational expense dollars that were spent for, among other things, marketing, legal etc, including a vast increase in employee numbers, and the e-check backlog of approximately $ 120 million, I find that there should still be approximately $ 200 million in excess cash, possibly more. Unless it’s possible that zero, literally zero, dollars in profit were generated from more than an additional $ 1.2 billion in revenue in the 3 years prior to Black Friday, the numbers don’t add up.
This is never going to end.
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Old 12-11-2012, 02:21 PM   #446
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DOJ can't find a reason to put him in jail. Two interviews and others tried to find something. The only thing they found was he had a social lunch with a money guy.

I think it's over....
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Old 12-11-2012, 02:27 PM   #447
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I always wondered about the appearance fees - patches, pad shows, etc - shareholders were getting paid a bunch in excess of distributions, plus shareholders' buddies too, I wonder how much went in 'marketing'
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Old 12-11-2012, 10:28 PM   #448
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

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DOJ can't find a reason to put him in jail. Two interviews and others tried to find something. The only thing they found was he had a social lunch with a money guy.

I think it's over....
It's been disussed before. If the DOJ wanted him in jail, he would be. The DOJ is going to settle for his assets.
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Old 12-14-2012, 03:21 AM   #449
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

Did any of you guys even bother to read DF's summary? Biggest revelations being (IMO), that according to her calculations there is still a very large sum of money unaccounted for, and then the stuff about Howard's resignation/non-resignation in 2008 and the events that subsequently followed. Lots of 'even more shady than previously known' dealings brought out.

DF does it once again....excellent job of analysis and food for thought.

Will continue to stay tuned as this seemingly never ending real life soap opera keeps unfolding, especially because it has touched so many of us here personally, and that so many of those involved are people that are "known" to us in varying degrees.
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Old 12-19-2012, 09:40 AM   #450
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Re: Diamond Flush Articles: The Distortion of Truth from the Lederer Files

Lederer Settles with SDNY, Keeps Mansion and more [diamondflushpoker.com]
Sources say that Lederer and his wife hosted a Holiday party last night for approximately 150 people at the palatial mansion he managed to keep post settlement.
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