I don't think you should even have to ask, tbh. Sellers should volunteer it at this point.

it takes some level of honor to cash for 40k when you are oversold..

Like hes a scumbag and all but he always could have bluffed off and went to sleep.. and to his credit he did not do that.

Oversells and still tries his best to cash.
Heart of a champion... brain of a loser.

Funny I was looking at his twitter and saw he responded to dental email saying "please F off". I clicked on dentales twitter and it's suspended.

110% is for noobs

on big field live tournaments you can easily oversell for 500% if you have many contacts and some recent good results

Is the Zohair Karim Ponzi the latest dance craze those millienials are into these days? Oh those wacky millenials.

wait, why do people do this for the WSOP main event?


oversell main, win above min cash, now you owe a crap ton of people $$ and will most likely get outed in the poker world



this is beyond stupidity IMO, especially the WSOP main event

Sometimes the cards have a plan of their own.

Anyone remember Constant Rijkenberg in EPT San Remo? He kept cold 4 & 5 betting shoving preflop with garbage vs. the nuts and sucking out. Turns out he oversold and was trying to bust by bluffing aipf, ironically godmode was engaged and he couldn't lose a hand. He ended up winning the entire tourney for 1.5 million and backers were pissed. So hilarious listening to EPT coverage and commentary after the fact, it was so obvious he was trying to bust.

If you think about it, Zo probably had to run like God to make it as far as he did knowing he had to bust. Probably flopped like 12 sets in a row or something, I'm sure it even crossed his mind to go for the win and figure it our later before he came to his senses and went into check fold mode.

Jamie's twitter game is top top.

I'm not understanding the scheme he was running here. Can someone lay it out for me. I think i know, but not for sure.

I hear people saying it's honorable that he didn't punt and that he is owning up to his debt. Anyone care to explain the reasoning behind that?

First of all, a thief rarely gets caught on his first time out stealing. So let's just say it is safe to say he did this before. That would mean that we will never know what is actual debt is. Which means that he will never own up to his actual debt. If he never owns up to his actual debt, he is in fact stealing twice.

I don't know the guy, and I don't care about the whole situation. But is is totally insane to say anything about his behaviour is honorable. We should all do everything in our power to prevent people like this from ever playing poker again.

He sold packages to various friends for more than 100% of the entry fee and then went on to bust early (outside of the money), thus "earning" money even though he played the event. It blew up when he cashed in the main and couldn't pay everyone.

He was probably so completely busto/owed some other dudes some money he probably thought that by cashing the main he could then spin up on BJ/Roulette whatever and pay everyone without them knowing.

Jesus Felching Christ, how does anyone with $1.6 million in live cashes have the need to pull some bs like this? Beyond stupid.

He'll be lucky if no one sells the debt to some Grama-type leg breaker, but really he deserves whatever happens to him.

Probably because out of that 1.6 he owes 1.8

These "professionals" are ridiculous.

I think its fine to oversell

What would be more hilarious is if he shipped the thing and ended up being down like 2-3 Milli.

How does it go? Leopards & Spots. I'm sure it was much less dollars and he eventually made good but this isn't the 1st time for PakmanMMA.

Overselling and cashing is always pretty hilarious. But still, I was promised a Ponzi scheme and that's what I want.

Jean Gaspard was mentioned too, what did he do?

The Ponzi scheme was sell action to tourneys. Not sure if it was more or less than 100%, mostly to his close friends. As long as he didn't have a big score, he would ask to roll it over to the next stop. He would take money for new pieces and pay the people who insisted on being paid from previous action. Too many people wanted their money from the main event cash so the Ponzi scheme was over.

Since he was betting big at the Mirage at Baccarat, it would seem to me that the guy has a gambling problem. Probably led to this constant overselling he did.

I'm surprised he didn't pick out a few of his 'suckers' that took pieces of him and told them he blew their money in the pit. Obviously if everyone that had a piece of him was waiting at the cage to collect he couldn't do it. But I doubt that was the case. Luckily it all got exposed thanks to Matt Glantz but he could have kept his scam going by paying some people back and claim degen gambling to the others. Sure that might have pissed his few investors off but it most likely could have been handled privately and not out in the open like this ponzi scheme is. Now his name is mud and ruined in the poker community.

This actually seems like it may fit the definition of being a Ponzi Scheme.


You get a lot of people posting "ponzi scheme", "ponzi scheme", "ponzi scheme" nowadays because the DOJ said it one time, so anytime someone does something wrong people post "ponzi scheme" even if that doesn't make any sense. It just seems like a lot of people have equated doing something wrong with being a ponzi scheme, which obviously isn't right; a ponzi scheme is a particular thing with a particular definition.


But based on the quote, this one actually does look like it. And I'll reinforce that, that is based on the facts in the post I quoted here and I do not know whether those facts are correct.