Quote:
Originally Posted by Cantrell
Nah you're right, pretty sure he offered half his ME action to someone, and in return that someone would get some D list celebrities to wear some sort of patch for a business Jamie was affiliated with?
I might be totally off, but he did owe someone half his ME win, and pretty sure it was taken to court and settled out of court shortly after.
Cantrell:
The story I got from a dealer in Tunica was that Mr. Gold was initially disputing there was any staking agreement or that he sold any of his action in the Main Event. Even when he was threatened with litigation, he still refused to pay, so the individual alleging there had indeed been an agreement went to court and filed a complaint seeking damages and a breach of contract. Mr. Gold's response to the filing was that there was no such agreement and he, therefore, owed nothing.
I'm paraphrasing what this dealer told me, (and it's anybody's guess as to the reliability of his source of information), but the situation changed dramatically during discovery. The individual who Jamie claimed he "owed nothing" had surreptitiously recorded a telephone conversation between the two of them in which the agreement was allegedly reached. Once that recording was played back to Mr. Gold and his attorney, Jamie quickly (and quietly) reached a settlement and the lawsuit was dropped.
Again, there's no way to know if this is an accurate account of what actually occurred, (Jamie has never confirmed or denied any specifics concerning the litigation), but it's a fact that a lawsuit was filed and a settlement was quickly reached shortly after the filing. I suppose the lesson of this story is that if you sell a percentage of your action in the Main Event, go on to win $12 MILLION, and then attempt to stiff your backer; be sure not to make your agreement over the phone or via a text message.