Wish I knew I could've just called up FTP and asked for $400,000k. What was I thinking paying all these deposit fees all this time?!?!

Bitar ran the company. The buck stops with him.

No, it stops with the board of directors.

Bitar is/was a director.

Well, yeah. As much as I hated seeing the term "Ponzi Scheme" used by the media, that's exactly what it was, and they thought it would last forever. Huge black-eye for poker.

I really hope all involved go down, and this mess gets sorted out. That's wishful thinking though. The players, the real players, are the ones who are gonna take the brunt of this and there's nothing they can do.

I hope GBT can fix this mess, but in the end, the Full Tilt brand is dead and a terrible gamble IMHO. I hope I'm wrong.

This

I don't know if it has been already posted:
http://www.igamingfrance.com/full-ti...e-scenes/26186

Tapie talking about the debt. Some extracts:

"Otherwise GBT will have to make up the shortfall, generating an additional cost to the overall operation that GBT is not willing to take on."
"Fortunately, among the 19 players we have attempted to contact, some have immediately called back and worked with us on a repayment plan to clear their debts, and we are already finalising contracts to that effect.
We now hope that those who have not contacted us will do so quickly, to find the same type of solutions, so that the situation does not remain as it is."

I thought it was something like $20M according to GBT's lawyer? And he makes a good point talking about people who owe FTP worrying about players getting paid back, when if GBT gives up on the deal no one gets paid back.

Wish he had outed all the players who owe money.

Thanks for posting. So it IS a potential deal breaker, but at least progress is being made with some individuals and he at least sounds stern but optimistic. This would be too easy without another big sweat.

Love that last guy.

The french article talks about Tapie contacting 19 players. IIRC, 8 players have been named. Perhaps the other 11 are the ones that have agreed to pay and he's only outing the ones who are refusing.

I know that. There are three others. They are also responsible.

They have a degree of responsibility yes, but, it was Bitar who called the shots on a daily basis. It's been said on here numerous times that people like Lederer and Ferguson just didn't get involved that much anymore. Whether or not that's true only they know.

I don't give a **** who called the shots day to day. This **** was going on for years. The board has oversight responsibility, and they're ****ing paying themselves out of the players fund every month. Those four are all responsible for every penny of player money that was stolen, and all the damage done to players lives.

very interesting article few posts above, <3 laurent tapie.

Hopefully enough of the players get in touch and payback. For some reason I got some positive out of that article.