we're solidly back to no one knowing anything anymore.

carry on!

Haha this

see you all next monday

when I say rep the site I mean e-mutt, dwan, Ivey , gordon ....the investors who got paid stolen and mishandled funds. Obv you believe Ray should do time right?

just curious what is the deal with the additional charges they added? seems strange if you have a guy willing to cooperate and then they slap additional charges on him. couldn't that throw a monkeywrench into things or not at all?

Anyone have a link to the fox news broadcast?

Also, my opinion is that although Bitar is the CEO, he is not the high profile trophy that DOJ is looking for to string up in front of the media. My guess is that although it doesn't go any higher as far as the company is concerned, his willingness to sell out higher profile types such as Lederer and Ferguson could be a serious bargaining chip for Bitar.

As far as perpetuating the Ponzi scheme the high profile players did more advertising and made the brand capable of pulling this off. I am certain that this is who the DOJ really is after now.

I am also guessing Bitar will not see serious jail time. <5 years for certain or there is no way he turns himself in. Yes I know they unsealed the new charges after the fact, and yes I know that he might have had no choice due to imminent extradition. I still think he had other options.

zero

if the DOJ and USAO blindsided alleged criminals with new charges every time a "deal" was made, then deals would never be made.

The DOJ and USAO can't do whatever they damn please.... (certain restrictions apply lol)

...duh?

Courts have ruled many many times that, for instance, a cop can lie to a suspect.

Not assuring your attorney that you're not facing additional charges, would not appear to violate any of Bitar's constitutional rights. And lieing to a fugitive in order to get them to come in, when they're already facing indictment, would not appear to violate his rights, either.

you are missing the point. It would ruin the DOJ and USAO ability to plea bargain

THIS

They want Bitar. They wanted him from the start. And now they got him.

This is some sort of time frame, no?

yeah I thought so, but DF made it kinda seem like nothing Bitar said in that public statement or email is worth even listening to.

You are most likely right they want him to sing... but it's just not for lederer and fergi. It's for ALL the owners and all of the money.

Even though he repped the site, I don't think Dwan was an investor, but I do think he, like every other pro who endorsed the site, got paid with stolen funds.

If Bitar is as guilty as he appears to be, then he should be sentenced accordingly. I don't think there is any evidence available to us that shows e-mutt, Ivey, Gordon, or Dwan et al. actually did anything illegal in taking their pay. Ferguson, Furst and Lederer should have to pay before any other owner or non-owning endorser.

I wouldn't worry too much about it. PS will buy FTP and the people that owe will pay or PS will make their lives miserable.

Posting so I can access easily on my phone...

Or in other words posting so I can spend way too much of my time here.

$20 US. Until I see solid evidence that we'll actually get paid, I consider FTP funds to be worth about treefiddy:$1.

Ship it, baby. I look forward to watching this, if it ever materializes. Some of the asstarded crap that Bitar and friends are alleged to have done make the average white-collar thief look brilliant.

You realize this isn't an argument that regulation isn't needed, but a demonstration that regulators who do their job are needed?

You can try, but it won't be convincing.

Free market arguments like this only work when consumers are perfectly rational actors and information asymmetry is absent. These conditions almost never exist and the time necessary to reach the utopian equilibrium you posit would leave thousands of defrauded customers in its wake.

Heck, why should we have food preparation regulations for restaurants? People will just stop eating at the places that make them sick and the free market will work it all out in the end.

... and while we are at it, I'm sure the FDA regulations are getting in the way of pharmaceutical companies of making trillions of dollars selling snake oil that does nothing but give you warts. Let's open the flood gates on them too.

Of course. Consumers are 100% perfectly qualified to assess the efficacy and safety of their own drugs. They'll obviously stop using the ones that don't work and we'll be left with an array of functional, effective and safe pharmaceuticals.

Bitar Emphasizes Repayment of Players and Hints at Imminent PokerStars Deal
http://pokerfuse.com/news/poker-room...kerstars-deal/

bump.

Gil was CFO from some time in early 2007 or so until the end, as far as I know. I hope he ends up in jail as well. All the folks who complained about FTP's poor support - he was responsible for it. I worked in support from 2006 until 2009, and he helped kill what could have been a great company. I seriously hope he gets a lot of time in prison.