Iovation, UltimatePoker and UB (Ultimate Poker drops Iovation 5/9) - Page 8 - Poker News

Am I allowed to suggest people bombing Iovation's facebook page asking them how a company can claim that they are "preventing companies from cybercrime" when their CEO was involved with the stealing of eight figures from the poker economy?

If so.... https://www.facebook.com/iovation

The audio file for proof of stolen monies to fund Iovation is post #146. At 1hour, 55 minutes of that file, they specifically confess that Iovation was set up with their ill gotten gains/assets from UB. How much more do you need UP?

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05-11-2013 , 06:36 PM

#177

3ozBacardi

banned

Join Date: Jan 2009 Posts: 489

Quote:

Originally Posted by Pokeraddict

I published an article about this on a site carried by Google News. Hopefully this will get the ball rolling on getting this info out into the mainstream.

http://www.legalpokersites.com/blog/...-players/4017/

"There is no direct relationship between Ultimate Poker and Iovation."

How do you know this? Is it not plausible, even probable, that UP and Iovation decided use an intermediary company to obfuscate their relationship, knowing that the 2+2 community and Poker Fraud Alert would have readily noticed and criticized the relationship?

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05-11-2013 , 06:43 PM

#178

LT22

Carpal \'Tunnel

Join Date: Aug 2007 Posts: 12,842

Quote:

Originally Posted by 3ozBacardi

http://www.legalpokersites.com/blog/...-players/4017/

"There is no direct relationship between Ultimate Poker and Iovation."

How do you know this? Is it not plausible, even probable, that UP and Iovation use an intermediary company to obfuscate their relationship, knowing that the 2+2 community and Poker Fraud Alert would have readily noticed and criticized the relationship?

1) Plausible and probable are the same word. I assume you meant to say possible. Anything is possible. 0.01% possible is not good enough to write an article.

2) If Ultimate Poker and Iovation are in some conspiracy and Ultimate Poker is owned by UB, they would have likely chosen a different name that Ultimate Poker. Stop making yourself look dumber with every post.

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05-11-2013 , 06:44 PM

#179

Videopro

Making TV

Join Date: Oct 2002 Posts: 19,240

Quote:

Originally Posted by Dax @UltimatePoker

As of late Thursday night, May 9th, Ultimate Poker discontinued the use of all services from Iovation. We understand that there were concerns among some of our customers, we hope this makes our players feel more comfortable.

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05-11-2013 , 06:51 PM

#180

R*R

I wish I was Einstein

Join Date: Mar 2007 Posts: 12,753

Wow as long as we are not getting smoked and mirrored somehow this is great news!

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05-11-2013 , 07:13 PM

#181

donkiman

grinder

Join Date: Jan 2010 Posts: 507

Wow we are not used to seeing poker companies respond to legitimate complaints this fast. Well played Ultimate Poker, well played.

On another note, now that its confirmed Iovation was funded with stolen player funds.... and Iovation is worth ~$500million.... and players are still owed money... need lawyer in this thread.

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05-11-2013 , 07:21 PM

#182

3ozBacardi

banned

Join Date: Jan 2009 Posts: 489

Quote:

Originally Posted by LT22

1)http://www.merriam-webster.com/dictionary/plausible

http://www.merriam-webster.com/dictionary/probable

2) never said, or even implied UP is owned by UB. FWIW, I agree, that would be stupid.

Why you being an *******?

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05-11-2013 , 07:28 PM

#183

T.Durden

journeyman

Join Date: Mar 2010 Posts: 364

Quote:

Originally Posted by 3ozBacardi

protip: he meant the two words are synonyms. Which they are - check your links.

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05-11-2013 , 07:32 PM

#184

ChicagoRy

Carpal \'Tunnel

Join Date: Jan 2007 Posts: 20,589

Glad to see Ultimate Poker seemingly respond so fast to this complaint.

Excellent work has been demonstrated in this thread as well. Nice job everyone.

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05-11-2013 , 07:39 PM

#185

3ozBacardi

banned

Join Date: Jan 2009 Posts: 489

Quote:

Originally Posted by T.Durden

protip: he meant the two words are synonyms. Which they are - check your links.

plausible: superficially fair, reasonable, or valuable but often specious; appearing worthy of belief

probable: supported by evidence strong enough to establish presumption but not proof; likely to be or become true or real

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05-11-2013 , 07:40 PM

#186

2005

Triple Crown

Join Date: Sep 2002 Posts: 2,960

Should probably change thread title now

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05-11-2013 , 07:42 PM

#187

PokerXanadu

Carpal \'Tunnel

Join Date: Oct 2006 Posts: 10,583

Quote:

Originally Posted by 2005

Should probably change thread title now

Not really. The thread is simply historical now and should be preserved. The further activity on this subject is now in the other thread:
http://forumserver.twoplustwo.com/29...g-gun-1330700/

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05-11-2013 , 07:45 PM

#188

LastLife

Pooh-Bah

Join Date: Feb 2007 Posts: 4,593

Quote:

Originally Posted by Professionalpoker

Wow

That's what being heard feels like.

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05-11-2013 , 07:59 PM

#189

Bageled

grinder

Join Date: Mar 2013 Posts: 663

Quote:

Originally Posted by Professionalpoker

Who are they going to use? Will Greg Pierson, or any other former UB stake holder still be used? As in, diff company name, but same players?

What a mess for UP to be the first online poker site and use former cheats to assist with that opening. You can't make this stuff up.

The real heroes are those who put 2 and 2 together about UP/Iovation/UB relations.

Who vetted UP and failed to connect the dots?

I am still not depositing on UP until the air is fully cleared.

Well played 2+2'ers, no one else is going to lookout for the poker community. Whoever brought this to the forefront, I am buying next round at WSOP watering hole.

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05-11-2013 , 08:02 PM

#190

TMakar

newbie

Join Date: May 2013 Posts: 26

Quote:

Originally Posted by R*R

At around 1:55 discussing assets does it say Russ has a piece of Iovation?

he did but had to turn it in as part of his settlemeant but Mansour has some of iovation and Russ always gets a peice of his action

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05-11-2013 , 08:10 PM

#191

PokerXanadu

Carpal \'Tunnel

Join Date: Oct 2006 Posts: 10,583

Quote:

Originally Posted by Bageled

Well played 2+2'ers, no one else is going to lookout for the poker community. Whoever brought this to the forefront, I am buying next round at WSOP watering hole.

I prefer key lime pie.

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05-11-2013 , 08:24 PM

#192

TMakar

newbie

Join Date: May 2013 Posts: 26

Quote:

Originally Posted by donkiman

Or we could convince a lawfirm to represent the player base of UB/AP and charge everyone responsible for stealing player funds and sucking the company dry. These people have stolen MUCH more than what is alluded to in this recording and the paper trails prove it. We are owed $50million + and as of now, will not receive a dime. These people live in the US, have enormous assets, and can be held liable for the fraud against players, directly and indirectly.

Dont forget about all the legit share holders that lost everything when the company went under and i dont mean the ones that sold off early but the ones that lost it all

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05-11-2013 , 08:27 PM

#193

Kevmath

Carpal \'Tunnel

Join Date: Oct 2002 Posts: 28,242

So does this mean CAMS/Verifi are now handling the verification process themselves?

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05-11-2013 , 08:41 PM

#194

NoahSD

Is Right

Join Date: Aug 2005 Posts: 18,843

Very cool that Ultimate Poke acted so quickly.

I hope NGC--or somebody--still gives this a look. It's so infuriating that no authority has ever bothered with this (except the damn KGC).

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05-11-2013 , 08:43 PM

#195

LT22

Carpal \'Tunnel

Join Date: Aug 2007 Posts: 12,842

Quote:

Originally Posted by Kevmath

So does this mean CAMS/Verifi are now handling the verification process themselves?

I am curious about this as well.

Another question that came to mind...Why wait until Saturday afternoon to deliver the news that you severed ties with Iovation?

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05-11-2013 , 08:48 PM

#196

PokerXanadu

Carpal \'Tunnel

Join Date: Oct 2006 Posts: 10,583

Quote:

Originally Posted by LT22

I am curious about this as well.

Another question that came to mind...Why wait until Saturday afternoon to deliver the news that you severed ties with Iovation?

I suspect (and just my speculation) that they had to make sure the new system (whatever it is) would work before they committed publicly. They do have to meet regulatory requirements and use only licensed service providers, so the choices are very limited.

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05-11-2013 , 08:51 PM

#197

3ozBacardi

banned

Join Date: Jan 2009 Posts: 489

Quote:

Originally Posted by PokerXanadu

Didn't UP tell us they were not allowed to make significant changes during the trial period?

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05-11-2013 , 09:14 PM

#198

ElevenGrover

adept

Join Date: Dec 2009 Posts: 1,037

The GCB needs to maintain a list and a policy for how licensed vendors are allowed to use sub-contractors. Otherwise there is nothing stopping subs from employing Spilotro Security or Lederer Investigations. It is difficult to believe people are actually saying they are fine with some layer of handshake trust after everything that has happened in the poker world over the last decade. Really awful situations usually start out as benign.

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05-11-2013 , 09:20 PM

#199

Kilowatt

banned

Join Date: Nov 2009 Posts: 1,101

I agree that they should explain who they are using now, if Iovation is supposedly out of the picture.

But great news, and I'm glad they responded fairly quickly, despite a very disappointing initial response ("We will keep using them as long as they stay licensed.")

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05-11-2013 , 09:34 PM

#200

LT22

Carpal \'Tunnel

Join Date: Aug 2007 Posts: 12,842

Quote:

Originally Posted by ElevenGrover

Regulators cannot babysit/micromanage every business decision. I think other posters have mentioned this (possibly in different thread) that regulations/regulators do not mean 100% foolproof safety. The benefits of regulation in the US is that player funds are required and there is some recourse against the companies if problems arise.

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