According to reports regarding Ivey's divorce he was making about $980k per month from Tiltware. According to the DOJ they were paying around $10 mil a month in distributions to shareholders. That makes Ivey's share seem like it's on par with Lederer and Bitar though it doesn't seem that Ivey had an active role in running the company.

As far as I know, Tapie hasn't approached durrrr has he?

In the absence of solid facts one can choose to say nothing or to speculate. I was responding to Joe Tall's speculation. I'm not acting as if its the truth. When I'm writing speculation, I usually remember to flag it as such. That's why I said "probably". "Probably" indicates that the assertion is not one of definite truth. But I'll speculate that you knew that already.

seem like its on par, is not the same as Jesus banking more of your $$ than you would have ever thought...and again, where is he?? spot him "down under" nitting away $40 million?

I'm pretty sure durrrr didn't borrow money from FTP, he was paid about a million in salary and he promised to use 100% of the money he earned from FTP to pay the players. He didn't have to do this at all and all the other FTP pros without loans were in the same situation but didn't do what durrrr did. They're not being villified at all because durrrr just went above and beyond what was required. Barry didn't even meet what was required (paying debts).

Please continue to post. Sometimes you are the only rational, well-informed opinion for several pages in this thread.

Sigh, only halfway through thread but can barely read much more due to all the tilted, emotion based logic being slung around in this thread.

Basically just a bunch of people trying to lash out at someone because they need to channel their frustration about not getting paid somewhere. I likely have more money lost to FTP than the majority of people crying, am not even a BG fan (I think the attacks on him being disingenuous in the past trying to take the high road are spot on.. and also don't think he can hold a candle to any HSNL online players even though he pretends he does), and given all that I still recognize he hasn't done anything wrong here.

He borrowed money (nothing wrong), when things went legally haywire due to a mismanaged company (not his fault) he decides to take some precautions before just throwing the $400k he owes around (nothing wrong). There are other ways to commit his money to being paid once this weave gets untangled. Expecting him to just sling $400k into a dark tunnel because you're riled up about not being paid back is simply NVG noise.

These.

no, durrr was paid a salary, but also borrowed from and owes FTP $....he talked a little about this a few months ago

The 'robin hood of poker' looks out for himself .... pretty fitting...

I did not speculate anything, I was making a point to someone who was speculating. Go back and read my posts and DoTheEnglish. Not-speculating was my original point.

durrr hasn't done **** a promise is nothing

I was talking about your proximate post, where you said that net revenue could be higher than distributions. I first engaged you when you asked how we knew FTP ever had a profit. I guess you could call that one "not-speculating".

Why did you wait several years to pay back Fred? He obviously needs the money very badly.

They are doing due diligence in making a major acquisition. They have to know who is and is not willing to pay back the money voluntarily because it affects the value of the assets they are purchasing.

bg1 dont worry about these low rolling nits on 2+2

you dont owe them an explanation about your personal affairs

Paying a third party money before they acquire the company to which the debt is owed cannot be what was requested of any player. Probably an agreement to pay the money IF the acquisition is completed.

If the acquisition isn't executed then I assume a BK judge will pursue the players.

If a player wanted to act in good faith they could place the funds in an account with their attorney, with caveats that control the release of said funds (i.e. US players receiving 100% of the funds). However, if the debt is legitimate, then the debtor has little say in how the funds can be used.

BG did not have to tell anybody about anything personal on this thread that he did not want to. You may have noticed that several others have NOT commented!! He could also have said " FU I am not paying anything to you ignorant Troll Bustos" , and you had no option but to eat what he said! This FTP Crap will take years to totally resolve and heros will be villians and villians will be heros! We don't know half of what has gone down, and less of what's to come. Rave on folks, it's free!

I don t think they could place the money in holding untill the US players get paid. What they could do is place the money in holding and GBT gets the money the day the buy the company

So lets see if I get this right. One of the professionals who owes the least posts a frank explanation on 2+2 in which he declares his commitment to pay the money back, when he can be sure the money will be used to pay players rather than convicted cheats. And he gets jumped on by NVG'ers and called "scum".

Meanwhile, pros who owe much more but remain quiet get an easy ride.

Hmmm. I wonder why more of them don't come here and post?

Well Said.

Because he is trying to steal from us now.

Another problem.
He sure makes life easy for them by publicly stating he is not willing to pay to the new rightfull owner -after completion of the deal- and taking all the heat. Less likely these 7 guys will give in now. Who would benefit most if this ruined the deal?

Feel free to blast any of the pros that owe FTP large amount of money, but I don't think you will ever shame them into making a statement unless they are ready to pay the money. In the mean time if you are a U.S. player you knew that internet poker was not legal. You just found away around the law and gambled and sometimes when you gamble it doesn't work out in your favor,and now you are paying the price, I mean you had to know that the DOJ would catch up and shut it down. And no that doesn't excuse what was going on with the FTP people, but you gambled and lost and now it appears they did as well, so you just have to wait for it to be settled. Complaining and calling them out will not move things along any faster.

Look, obviously we all know that Bitar/Ferguson/Lederer are the most to blame. They aren't reading these boards, and apparently they don't give a crap what we think.

Ivey comes next. He doesn't give a **** either, people still hug his nuts.

Then people who were allowed to dip into player funds massively, like Benyamine and apparently Flack/Matusow/Lindgren. Ranting at broke-ass degens is the most useless thing ever. Everyone is just amazed that anyone loaned them money, let alone 7 figures. What are you going to do?

Then there are guys who owe less than a million, like Barry. Barry does read these boards, and does care what the "community" thinks. So people are letting him know.

Then in my opinion comes everyone who was paid ridiculous amounts of (player) money to shill for a site which was stealing deposits. Only one of those people has stood up and even made an attempt to say that he is sorry, and at some distant point in the future might set up a fund to compensate people.

Like son, like father,

take the money, and run,

while proclaiming in the best interests of all...