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| News, Views, and Gossip For poker news, views, and gossip |
01-25-2012, 10:05 PM
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#31
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journeyman
Join Date: May 2011
Location: Mason
Posts: 374
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Quote:
Originally Posted by zachvac
Wait so is this money he voluntarily agreed to loan FTP? What were the stipulations on this? Also curious why it's greedy for Jesus to want money owed to him but standard for FTP players to want it. I don't really understand the details on why he's owed money but if he has a legit claim to it I wouldn't call him a scumbag for wanting to get it.
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This is incredibly poor logic. It's 100% money that was stolen. If a bank robber puts 10k in a bag from a bank, leaves the bank, and gets it confiscated when he's arrested, then him suing the cops for the 10k lol
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01-25-2012, 10:05 PM
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#32
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newbie
Join Date: Jul 2011
Location: Brasil
Posts: 28
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Re: Chris Ferguson’s Secret FTP Bank Accounts and Threats to GBT Deal
Dam each day that come out a news, it's always getting worse.
dam u Jesus, lulz DOj has $300kk seized from him, burn jezus, burn.
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01-25-2012, 10:06 PM
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#33
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Pooh-Bah
Join Date: Jul 2004
Location: Raleigh, NC
Posts: 4,154
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Quote:
Originally Posted by 4th an 1
Any chance he could play in wsop ever again?
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I would be very surprised if you ever see him there again.
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01-25-2012, 10:06 PM
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#34
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Carpal \'Tunnel
Join Date: Oct 2004
Posts: 17,473
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Re: Chris Ferguson’s Secret FTP Bank Accounts and Threats to GBT Deal
Quote:
Originally Posted by zachvac
Wait so is this money he voluntarily agreed to loan FTP? What were the stipulations on this? Also curious why it's greedy for Jesus to want money owed to him but standard for FTP players to want it. I don't really understand the details on why he's owed money but if he has a legit claim to it I wouldn't call him a scumbag for wanting to get it.
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The issue here is that he was paid ridiculous amounts of money in "profit", but the company didn't have the player funds so the "profit" never really existed.
So he was essentially loaning FTP our money.
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01-25-2012, 10:08 PM
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#35
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journeyman
Join Date: Jun 2006
Posts: 350
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Re: Chris Ferguson’s Secret FTP Bank Accounts and Threats to GBT Deal
That's what I have been saying the last few weeks-those greedy scumbags will ruin this deal,everything they are involved in is about to fail because their greed is just too big.
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01-25-2012, 10:10 PM
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#36
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old hand
Join Date: May 2006
Location: San Diego
Posts: 1,969
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Re: Chris Ferguson’s Secret FTP Bank Accounts and Threats to GBT Deal
LOL Ian Imrich
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01-25-2012, 10:11 PM
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#37
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Carpal \'Tunnel
Join Date: Apr 2008
Posts: 11,089
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Re: Chris Ferguson’s Secret FTP Bank Accounts and Threats to GBT Deal
Quote:
Originally Posted by ZBTHorton
The issue here is that he was paid ridiculous amounts of money in "profit", but the company didn't have the player funds so the "profit" never really existed.
So he was essentially loaning FTP our money.
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oh ok thanks for the clarification.
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01-25-2012, 10:12 PM
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#38
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For President
Join Date: Oct 2008
Location: Hail Satan!
Posts: 5,505
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Re: Chris Ferguson’s Secret FTP Bank Accounts and Threats to GBT Deal
Quote:
Originally Posted by Salamander0
i dont think this will actually stop the deal, but if he ****s up the deal maybe its time to bring crucifixion back into style
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lol wp
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01-25-2012, 10:13 PM
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#39
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grinder
Join Date: Nov 2010
Posts: 438
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Re: Chris Ferguson’s Secret FTP Bank Accounts and Threats to GBT Deal
Someone needs to kick him where the sun doesn't shine.
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01-25-2012, 10:14 PM
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#40
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adept
Join Date: Dec 2010
Posts: 926
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Re: Chris Ferguson’s Secret FTP Bank Accounts and Threats to GBT Deal
Quote:
Originally Posted by zachvac
Wait so is this money he voluntarily agreed to loan FTP? What were the stipulations on this? Also curious why it's greedy for Jesus to want money owed to him but standard for FTP players to want it. I don't really understand the details on why he's owed money but if he has a legit claim to it I wouldn't call him a scumbag for wanting to get it.
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This was part of his 80+ million$ in distributions that were hidden in accounts in the name of the company, over and above the $25+M that he took into his own accounts that the DOJ found evidence of. While you couldn't withdraw $5K, he was havig no problems withdrawing and sharing tens of millions. He never lent FTP money out of this account until after BF when the company had already been insolvent for months but no one on the outside knew that. Of course no one expected in April that we would ever find out.
I would venture to say you will have a hard time finding ppl that agree with you that he should have that $14+M back, while innocent victims are still out over $300M. Maybe if he handed back the $70M he did get instead, it would be a step in the right direction
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01-25-2012, 10:15 PM
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#41
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Pooh-Bah
Join Date: Feb 2009
Location: Search and Destroy
Posts: 4,998
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Re: Chris Ferguson’s Secret FTP Bank Accounts and Threats to GBT Deal
Quote:
Originally Posted by ZBTHorton
The issue here is that he was paid ridiculous amounts of money in "profit", but the company didn't have the player funds so the "profit" never really existed.
So he was essentially loaning FTP our money.
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Did he receive that much more than others to make it "ridiculous"? As far as i understand they all received their shares, and this was the share he was supposed to get. Yet he was willing to loan it to FTP, which he never got back.
I don't think its relevant that its player money, since it long ago became his, and he loaned it to FTP. There is no reason to believe Bitar or Ray would not have done the same (trying to claim back 14.5 mill), so i don't see how it makes him worst than Bitar or Howard.
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01-25-2012, 10:17 PM
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#42
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Carpal \'Tunnel
Join Date: Oct 2004
Posts: 17,473
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Re: Chris Ferguson’s Secret FTP Bank Accounts and Threats to GBT Deal
Quote:
Originally Posted by nsoshnikov
Did he receive that much more than others to make it "ridiculous"? As far as i understand they all received their shares, and this was the share he was supposed to get. Yet he was willing to loan it to FTP, which he never got back.
I don't think its relevant that its player money, since it long ago became his, and he loaned it to FTP.
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I wasn't saying his share was ridiculous, I was saying he received ridiculous profits because most of those profits never even existed. The company was completely insolvent at the end and he was still being paid profit like everything was hunky dorey.
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01-25-2012, 10:17 PM
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#43
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journeyman
Join Date: Oct 2004
Posts: 204
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Re: Chris Ferguson’s Secret FTP Bank Accounts and Threats to GBT Deal
WWJD? Take the money and run?
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01-25-2012, 10:19 PM
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#44
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Pooh-Bah
Join Date: Feb 2009
Location: Search and Destroy
Posts: 4,998
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Re: Chris Ferguson’s Secret FTP Bank Accounts and Threats to GBT Deal
Quote:
Originally Posted by ZBTHorton
I wasn't saying his share was ridiculous, I was saying he received ridiculous profits because most of those profits never even existed. The company was completely insolvent at the end and he was still being paid profit like everything was hunky dorey.
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Wouldn't the same apply to Bitar and Howard? I don't know the exact numbers, so please correct me if i am wrong. Why should we be surprised by his action at all? As far as i understand, Bitar and Howard received their shares and Jesus has $14.5 missing that he is supposed to get. So the profits that never existed is not relevant here, since they all plundered our money.
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01-25-2012, 10:21 PM
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#45
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Pooh-Bah
Join Date: Nov 2007
Location: PL Daily Action Thread
Posts: 5,794
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Re: Chris Ferguson’s Secret FTP Bank Accounts and Threats to GBT Deal
a lawyer named Imrich. I'm rich. come on now, this is supposed to be real life.
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