Originally Posted by Todd Terry
This is especially ridiculous since neither FTP nor its associates ever tried to claim any seized funds. There was actually no uncertainty over their recoverability -- they were unrecoverable.
FTP prolly didnt try to claim any seized funds bc if they did, wouldn't the news get leaked to the public? If so, all players would have prolly made a mass withdrawal.
If these numbers are correct:
~$100m stolen by payment processor guy
~$120m in floated deposits
then roughly 1 billion dollars in 4-5 years generated by FT. Insane amounts of money generated by rake. wow.
There's a reason why these 3 sites are looking at a 3 billion dollar fine by the DoJ