http://www.msnbc.msn.com/id/26563848/

I love the pic of phil .....lol

First

hell of a story by msnbc ... well done

Thank You Michael Brunker. I believed you In July when you told me to wait. Thank you for bringing it to the attention of all. woot woot, go down UB and Phil, go to hell cheaters

Wow, this is great. Will there be a televised version? Go msnbc, beat 60 minutes to the punch. Down with Cereus and their pathetic spokespeople.

good article

How can anyone leave a balance on these sites now? You don't want to be last in line if there is a run on deposits....and this is what it will take for the little guys to pull their monies.

http://digg.com/software/Poker_site_...takes_whodunit

Digg it!

great article

No mentions of the personal threats that derailed some of the 2p2 investigation?

These clowns have no idea how to conduct business and give us all a bad name.

good thing no one reads/watches msnbc. article is decent though for an outsider

WOW.

2p2 linked directly in article.
VPIP Graph in article (so it DID happen...lol).

Serious business!

Nice, good job msnbc

hahaha wow that is so sick msnbc actually links to a 2p2 thread and mentions specific posters

Well according to this article, Russ Hamilton, Annie Duck and Phil Helmouth are rumored to be the owner's of Excapsa Software Inc. Hahahaha this is gonna be funny to watch unfold. Anyway to find out if this is true and who actually owns Excapsa. This could actually just be new company sues old company when thier actually owned by the same people.

Excapsa Software, Inc., the parent company of Excapsa Services, Game Theory Holdings and the Ultimate Bet online poker brand, sold the Excapsa Services & Game Theory Holdimgs units essentially, the software and development networks behind the UltimateBet name, to a privately-held company, Malta-based Blast Off Limited.”
“The selling price was listed as $130 million dollars, of which only $10 million was paid immediately into the Excapsa coffers; the remaining $120 million is to be distributed in deferred payments to Excapsa over the next five years.” However, Excapsa also announced that it was immediately pulling its listing from the London AIM (Alternative Investment Market), and distributing its current net assets, some $47 million, to the current shareholders. According to an Excapsa release, the sale was the "best course of action to maximize shareholder value." The release continued by stating that, "The sale represents the disposition of all operating assets of the company."
According to the London Times Online, the deferred portion of the sale makes the divesture almost certainly illegal. Per the piece:
“However, legal sources immediately claimed that the deal, a response to the impending US ban on internet gambling, was almost certainly illegal because $120 million of the price will be deferred until after the law takes effect today.”
“A source said that plans by Leisure & Gaming, a quoted internet gambling operator, to sell its US-facing business appeared to have foundered over the same issue. The source said: "Because of the deferred consideration this deal will open Excapsa to conspiracy and aiding-and-abetting charges charges under the new law. They would be making money out of an illegal operation."
The deferred portion of the sale raises another question, too, one not hat may not sit well with current shareholders. If the company's shares are being privatized through the sale to Blast Off Limited, and $47 million is being distributed to those owners, then to whom, exactly, is that additional $120 million being paid? It's probably not anyone connected with Pokershare, the company that sued Excapsa in 2005 for $100 million after its early market successes threatened parent brand Ultimate Bet's market domination; Excapsa first banned Pokershare from its network, then later terminated Pokershare's agreement altogether.
“So who is Excapsa, exactly? Well, while the exact financial details aren't public knowledge, the driving poker figure behind Excapsa is widely rumored to be Russ Hamilton, the larger-than-life 1994 WSOP Main Event champion. Yes, Phil Hellmuth and Annie Duke may also own pieces”
“There's certainly no doubt that all publicly-traded gaming companies were up against a Friday deadline to make something happen, to restructure in a way that would shield them from the U.S. Justice Department. Whether or not the Excapsa path will work out, or whether it turns out to be totally legitmate, is beyond the scope of your blogger's legal expertise. Nonetheless, it's become public knowledge, so it's in play as a topic.”