FTP Discussion Thread (Everything but big new news goes here. Cliffs in OP)

[Go Get It]

Jeff,

Do you have any idea if FTP gets an investor and pays out, would they consider, assuming they have the money or assets, to do something above just account balance repayment? E.g. Cash for FTP points, or cash for the mid year bonus we should have gotten, or just a bonus for putting up with their clear ineptitude post Black Friday?

[FishyOnADishy]

Have the FTP shareholders considered investing 'their own money' into FTP in order to stop it going bankrupt and to 'reap the future rewards'? I'm assuming that it (FTP) is being pitched to potential investors as an excellent money-making opportunity, so in that case, wouldn't the current shareholders fancy keeping hold of the 'cash cow'? If not, why not?

[Jeff Ifrah]

Originally Posted by Go Get It

Jeff,

Do you have any idea if FTP gets an investor and pays out, would they consider, assuming they have the money or assets, to do something above just account balance repayment? E.g. Cash for FTP points, or cash for the mid year bonus we should have gotten, or just a bonus for putting up with their clear ineptitude post Black Friday?

I will ask. I don't know.

[Jeff Ifrah]

Originally Posted by TafferBoy

Apologies if this has appeared in the threads before but did we learn what Alderney had found in its investigation that made them pull the licence so quickly? I presume it wasn't unpaid fees because they would have known that whether BF happened or not.

Mr Ifrah - do you have any insight you can share on this?

There was a brief thread on this earlier. I don't know the answer because I am not involved in those proceedings but your reasoning is obviously sound.

[girahy]

Appreciate you coming on to answer questions. Probably not easy. IF players are paid back how will ftp handle accounts that they just took money from without even redistribution for whatever reason. The illegal taking of funds from player accounts with no real reasons has been going on for a very long time in the "security" department long considered to be the most corrupt around. Will dormant or suspended accounts still be refunded or will ftp still "pocket" this money.

Melanie has already said her department used to amuse themselves closing accounts and not responding until it just ended up in ftp coffers and bonuses and promotions were had

Can you please comment on this Jeff.

Also who will be the one issuing these weekly statements? Bitar?

[aggo]

Originally Posted by NoahSD

I doubt Jeff will answer this question, since he's the guy representing most of the defendants in this lawsuit.

IMHO, the answer is yes for the TT class action. FTP has almost no money right now. The DOJ does not have much of FTP's money either. So, either 1) FTP finds people to buy the company, 2) the former owners pay players back, or 3) we don't get paid. Considering that four months have gone by and the only person who's offered to repay players with his own money is Tom Dwan, I think that a lawsuit that attempts to claw back their dividends is a good idea.

rofl, we're so ****ed.


so if the DOJ doesnt have our money, the owners have already spent or hid all of it.

[Rhubarbwp]

Originally Posted by laughing gravy

Jeff Ifrah - Cliifs to post 472

Originally Posted by Jeff Ifrah
...

Post of the year IMO - thank you very much.

Thanks to Jeff Ifrah too.

(Also Jeffrey Green Russell are the last representation I would ever chose in the UK but poor decision making is why FTP are where they are...)

[Mycology]

Jeff, since you mentioned you are not being paid to be here, and that no one has in particular authorized you to be here,

Without meaning to seem ungrateful- Why are you here? Are you now filling a lawyer and P.R. role for FTP?

Or are we being led to believe you are here solely out of the goodness of your heart? I only ask because, since you are not being paid and you are not a poker player yourself, it would be rare form to say the least for a lawyer of your caliber to honor us with his presence and so much of your time... Most non-poker players view poker players (especially online poker palyers, especially professional poker players who play online for a living) as degenerate gambling addicts (and admittedly some of them are) and thus, dont give a rat's behind about them. You would be quite the paradox... a lawyer who isn't getting paid to care about people he almost certainly can not understand...

without meaning to sound ungrateful, of course.

[iwantcaymans]

Mr. Ifrah I apologize for my bad english thank you for what he's doing on her own, I just wanted to know if fulltilt executives were aware that many people (myself included) are passing moments of ugly to the point of unable to get to the end of the month ..


I would love to speak with Lederer Bitar !!!!!

[Jeff Ifrah]

Originally Posted by Mycology

Jeff, since you mentioned you are not being paid to be here, and that no one has in particular authorized you to be here,

Without meaning to seem ungrateful- Why are you here? Are you now filling a lawyer and P.R. role for FTP?

Or are we being led to believe you are here solely out of the goodness of your heart? I only ask because, since you are not being paid and you are not a poker player yourself, it would be rare form to say the least for a lawyer of your caliber to honor us with his presence and so much of your time... Most non-poker players view poker players (especially online poker palyers, especially professional poker players who play online for a living) as degenerate gambling addicts (and admittedly some of them are) and thus, dont give a rat's behind about them. You would be quite the paradox... a lawyer who isn't getting paid to care about people he almost certainly can not understand...

without meaning to sound ungrateful, of course.

You are the third person today to ask me why I am here on this forum. I think I may have overstated my welcome. I hope I helped bring you all some level of information. I will take your questions to the company and make sure that the company keep its commitment to keep you informed either through one statement as you all seem to prefer or three or more posts as originally announced here last night. If anyone believes that I can help answer any questions not yet posted, please feel free to email or call me directly.

[dude228]

Originally Posted by iwantcaymans

Mr. Ifrah I apologize for my bad english thank you for what he's doing on her own, I just wanted to know if fulltilt executives were aware that many people (myself included) are passing moments of ugly to the point of unable to get to the end of the month ..

They realize, and the sad truth is they don't care. Its business, they get rich and stomp all over us in the process. Then when the dust settles they get to live off the cream they make away with. Notice the lack of answers to the questions of whether FT owners would be willing to reinvest their own money to get players paid. To me this seems like a logical thing to do, since they stole it from us in the first place. But we should know better.

[Bene Gesserit]

Originally Posted by aggo

rofl, we're so ****ed.


so if the DOJ doesnt have our money, the owners have already spent or hid all of it.

They are supposed to tell how much the DOJ froze in the "soon" statement. If they give a report that the total FTP money under DOJ control is not large,then your answer is likely spot on, and there is really no option but an investor cleaning up the mess! If they give a BS answer to what DOJ has, that would prompt a messy deal with Holder and the crew. So if they answer that one it would likely be true!

[Jeff Ifrah]

Originally Posted by dude228

They realize, and the sad truth is they don't care. Its business, they get rich and stomp all over us in the process. Then when the dust settles they get to live off the cream they make away with. Notice the lack of answers to the questions of whether FT owners would be willing to reinvest their own money to get players paid. To me this seems like a logical thing to do, since they stole it from us in the first place. But we should know better.

A lot of you have asked this question, I am in no position to answer what the owners will do in such an event nor answer what DOJ may be willing to do. But I will tell you this, I will raise these points directly with these parties immediately.

[mrwalken]

Originally Posted by Mycology

Jeff, since you mentioned you are not being paid to be here, and that no one has in particular authorized you to be here,

I don't think he said the second part. I seriously doubt he would come on here to answer questions without asking for permission first.

[Diamond_Flush]

Originally Posted by jhn_lundgren

I'm not trying to be impertinent here, but you have avoided answering my questions.

I stated I knew Gordon had been dismissed with prejudice. I asked if you were present at the hearing and on what grounds was he dismissed>

It seems highly suspect that a supposed deep-pockets defendant would be simply released from the suit at this stage of the proceedings.

Why wouldn't the other defendants similarly be dismissed ?

I know your original question was directed at Jeff I, but since you seemed to some after me in your post above, after I answered you, I will answer you again here.
Yes you are being impertinent.

As I mentioned in my earlier reply to you, PG was voluntarily dismissed as a defendant by the plaintiffs.This decision was made, not requiring any court order.
While I am not a lawyer, I will cite the legal reason this was granted.


Rule 41(a)(1)(A)(i) of Federal Rules of Civil Procedure

Rule 41. Dismissal of Actions

(a) Voluntary Dismissal.

(1) By the Plaintiff.

(A) Without a Court Order. Subject to Rules 23(e), 23.1(c), 23.2 and 66 and any applicable federal statute, the plaintiff may dismiss an action without a court order by filing:

(i) a notice of dismissal before the opposing party serves either an answer or a motion for summary judgment; or
(ii) a stipulation of dismissal signed by all parties who have appeared.

Furthermore, by your post here:

Originally Posted by jhn_lundgren

We want to get paid. If FT doesn't pay us, we have chosen to go after the shareholders. Your job is to make sure the shareholders/owners of FT don't have to go into their pockets to pay us and make sure we can't get to their assets.

you are clearly not speaking for the masses, because "we" have chosen no such thing, which means you are possibly one of the parties bringing action in that 2nd class action suit.

Perhaps if that is true, you should be outing yourself. In fact, why not bring your attorney to the boards here to answer questions as well?