Quote:
Originally Posted by jackhigh
Come on people (who side with Clonie)... this has blackmail written all over it!
1. From the impassioned responses of Daniel N. and others, Clonie probably WAS NOT an original investor.
Mike Matasow has indicated several times that he should have invested more in FUll Tilt when he had the chance. Rumor has it that Jenn Harmon also does not have a much of a stake. So, it is very probable that some of the original "Full Tilt Team" members do not have or have very little equity in FT.
When Full Tilt was formed there was already an extremely competitive online poker market, so it was most definitely NOT an easy investment decision and a huge risk. Full Tilt didn't take off until Party and others left the US market. Highly likely that Clonie, who probably had little money at the time, refused to invest and settled for an endorsement for buy-ins deal.
2. Clonie received tournament buy ins and paid travel expenses for her endorsement participation - easily worth hundreds of thousands over 4-ish years. So she was handsomely paid for just "walkin down the street" a few times and wearin FT patches.
3. Howard and others know what's at stake with the UIGEA and other legal issues looming overhead. These guys may be degenerate gamblers but they're not stupid enough to arbitrarily refuse to pay an investor only 1 Fk'n percent and possibly bring the whole ship down!
4. Clonie and her Scumbag lawyers (not all, just these!) know about the UGIEA and other tax/legal threats and is simply "strong arming" Lederer and Full Tilt to pay her off. Thus the reasoning behind naming all the "Team Members" in the suit.
None of the Team Member investors have written contracts. Clonie knows this so she names them in the suit. They either get deposed and shed light on their involvement with an illegal enterprise or a complicated money laundering shell game or take the 5th and Clonie's shaky case becomes stronger (no primary witnesses to testify against her).
5. The case will never go to trial. Howard, Full Tilt and other FT Team investors are invariably involved in very sketchy financial scenarios bordering on UIGEA, tax evasion, rico, or money laundering situations that they obviously don't want to "gift wrap" and deliver to the Feds.
They will pay the Blackmailer off!
1.) Its silly that because a "name" player says Clonie was never promised 1% that you assume she wasn't offered that. It appears Negreanu only heard one side of the story, if that.
Mike Matusow owns 0.5% of FTP. From what I understand he came on board long after Clonie (at least 1 year later).
You have no idea how much money Clonie had at that time, or what kind of offer FTP made. Just as easily they could've offered her a peice tor represent the site as a pro, much like they did with Gus Hansen.
2.) Who are we to say what "walking down the street" for an ad is worth.
3.) Who's to say this will do any damage to the site. I can't speak for everyone, but I haven't flinched at the idea of playing on FTP regardless of what happens to Clonie. My gut tells me most pros and most fish will think the same way.
4.) So why exactly are the lawyers Scumbags? All they are doing is defending someone who they feel has a valid case.
5.) Are you a legal expert? Do you really know what you are talking about?
I can't believe I wasted my time responding to this post.