Wicked Chops post about the Ultimate Bet Scandal:

Part 1

Part 2

8/10 This Week in Poker w/ Joe Sebok:

http://www.youtube.com/watch?v=u5i44...ature#t=42m03s

The next series of posts in Haley Hintze's "Just Conjecturin'" series:

Part 21

Part 22

Part 23

Part 24

Part 25, dealing with various errata/corrections from earlier posts

Part 26

http://deadmoneybook.wordpress.com/

Blog by Scott Bell on his work on exposing the various Ultimate Bet and Absolute Bet scandals

New UB owners suggest new cheating incident from 2004 discovered

UB blog stating about 10% of the old hand histories are missing

Excapsa's liquidators settle with Tokwiro

Statement regarding motion to settle on January 5, 2011

Motion record from liquidator

Approval of court order

Haley Hintze's latest part of her Just Conjecturin' blog, revealing the identity of brainwashdodo

Interview on Donk Down Radio Cold Call show with Travis Makar

Paul Leggett 2/24/11 blog: Addressing a few rumors

More from Haley as she goes over her correspondence with BWDD

More from Haley analyzing the redacted portions of Makar's email

Part 30 in Haley Hintze's Just Conjecturin' series of blogs:

http://haleyspokerblog.blogspot.com/...ing-names.html

Update to Haley's "Just Conjecturin' series

More updates from ElevenGrover's blog featuring a photo of Scott Tom and Ted Forrest together

http://forumserver.twoplustwo.com/28...lives-1025450/

St. Petersburg Times article from 5/1/01 on Absolute/UB

A copy of a memo "leaked" to various people (including ElevenGrover and Haley Hintze) regarding a downsizing of the company:


Also, a post of an email sent to Mookman5 to Madeira Fjord, a Norwegian corporation made up of some the original investors in AP:

http://forumserver.twoplustwo.com/sh...postcount=1663

May 4 blog from Haley, with a series of emails between Paul Leggett and the customer service center in Costa Rica that was shuttered earlier this week.

MSNBC article on AP/UB's possible bankruptcy

UB/AP is not declaring bankruptcy based on the information currently available. The company jettisoned one large bondholding group last year for UB software/customer lists, jettisoned a second larger bondholding group this year, reduced staff to skeleton levels and have several if not all company accounts frozen by the Department of Justice.

The second bondholder (Madeira) is facing liquidation/bankruptcy because UB/AP told them there would be no more payments. Bondholder members have looked into UB/AP financials with concern because of specious expense items suggesting principals earned money using questionable methods. Madeira has no assets and apparently no funds/taste to finance a complicated international legal fight for any UB/AP assets. UB/AP has not made public any financials.

The company structure is hella-complicated, but the beard/shell/face is based in Antigua. Actual controlling corporate entities may reside in the Antigua, BVI, Panama, Belize, Malta or others.

IDS, the customer service arm based in Costa Rica, terminated some 300+ employees. In CR, companies are required to keep ~21 days x each yr worked as severance reserves. Rough math works out to approx 2.5M and the Rimola email is saying 2.75M. The termination notice says liquidation reserves have been provided to Rimola, the emails suggest there is/was a hiccup in the deposits. The emails also suggest some payroll is also involved though this number would be much smaller and likely account for the difference above. More important is whether Rimola follows through on his threat to release company info if reserves are not provided. More than one contact has suggested Rimola is not to be trusted over other owner/founders as to the whereabouts of funds.

The St Pete article stated a 2nd server farm was built in Panama in 2006/07 in case UIGEA involved losing the Kahnawake assets, unless this array has been mirrored with hardware/software updates over the years, it would probably not be able to take over the sites and would not be helpful from an unlicensed jurisdiction far away from large North American Internet backbone traffic. There is nothing at present to suggest the site will not continue to operate from the Kahnawake reserve.

The termination memo mentioned some employees would be rehired for a new, smaller company which apparently has begun.

Pokerscout continues to show over 500 average cash game players or roughly 1/4 of previous traffic. Depending on the time of day, these players seem to be at least 50/50 American. If the company finds processing options, 2p2 threads show clearly some players would probably continue to support the site going forward.

Events of the last several days have likely brought player deposit totals down, player buyouts, continued rake, degen/playmoney casino binges, etc.

Affiliates have reported missed payments from UB/AP and have suspended rakeback payouts. UB/AP says payments will resume shortly.

MSNBC, Pokernews and others are misreporting the story as an UB/AP bankruptcy.

The DoJ has seized both operational and processing accounts from UB/AP and appear to have gained control of at least some player funds though as has been noted they have denied this.

UB/AP has not made a deal w/DoJ like FT/PS for domain access and the ability to pay from remaining open accounts because they are heavily dependent on US customers.

Haley's blog about the Norwegian angle to the UB scandal

Quad Jacks interview with Goran Skaalmo from Norwegian magazine DN

http://www.ticotimes.net/News/Top-St...ay-May-13-2011

The latest from ElevenGrover:

http://deadmoneybook.wordpress.com/2...nce-of-malice/

UB account information released