People should break legs over debts? People that put trust in other people deserve to get scammed?

You seem like a very intelligent and reasonable man, please share more of your lovely insights.

The indemnity fund would be held among a group of players (the ones perceived to be the most trusted/the wealthiest) or could be held in accounts with joint or multiple signatories. I don't see this as a big issue.

The issue I do see is that poker players are incredibly able, skillful, resourceful and diligent at how to play GTO poker, studying game trees, having the best software aids for on line poker etc, but when it comes to player to player transactions very few if any solid systems appear to be in place, particularly in respect of live poker.

This really would not be difficult to set up at all and it would be perfectly logical for the indemnity fund premium to be deducted from the player's mark up. Perhaps 3% of the total amount sold. E.g. someone sells 60% of a $5K at 1.2 and $108 comes out of their end and goes into the fund.

Ultimately I believe it would develop into most serious or regular backers joining the indemnified group of backers and most players who wanted to be backed having to often deal with that group and follow their rules and codes of conduct.

A few points:

1. He didn't lose his backpack at the airport.
2. He lost that money degening at table games.
3. I saw him in the high limit room at the Borgata playing blackjack either this year or last.
4. Based on what I have read on here and on twitter he has a gambling problem and should get some help and get out of the poker world for his sake and for those he owes.
5. Number 4 will never happen.
6. The Tumi backpack looks incredibly overpriced and -ev.

Gambling addictions are the root of all of these stories. Develop a really bad gambling problem, lose a ton of money and then you need to find marks to bankroll your degening. It isn't much different than people with drug addictions except gambling addictions are more expensive and the addicts are better at scamming people.

Nah they are unbeatable long term by US/CDN players except for the 0.05% who run like god or have some sort of country tax law. The smarter (lol) non-US mtt players play mtts internationally.

good try tho

Its because street justice is illegal. At least its much harder to do to someone now and get away with it. The risks outweigh the gains monetary wise.

Maybe 40-50 years ago you could get someone to beat the **** out of a guy who owes you money from some gambling den run by the mob, times have changed. Cameras everywhere and the positions of power in towns and cities have changed.

The reason scamming in poker is so prevalent and common to some degree is because, besides getting your rep tarnished a bit, there is NO downside to stealing from poker players and investors. Literally none. You are at almost 0% risk if you steal $20,000 from your backer.

I honestly dont know why it isnt even MORE common than it is now, because its just easy to do if you are charismatic and sociable. Even if you arnt online it would be easy to get a stake and just steal it. No consequences to the thief.

There's Cameras everywhere right? Like at the airport.

The only person who steals at the airport is the TSA, just google that. Its a felony to steal at the airport, the chance of a thief being able to afford a plane ticket and being dumb enough to risk a felony when he can just steal anywhere else is impossible.

You didnt just get robbed the 20k he owes you, you also got robbed the opportunity cost of that money, if you would have put that money into bitcoin it would be about $340,000 today.

lol at old school toughies calling people pussies on the internet in 2017 for not breaking legs. Ok, enough of that please. Someone think of the children.

QuietAmerican is cleary the close cousin to PrivateWorld.

Nice. Thread about a scammer enjoyed its first tough-guy post. I can almost see the "Challenge Unlocked" screen light up.

Not every poster qualifies, though I'm almost certain you do. Otherwise you would realize how ****ed up it is to try and stir people up to inflict serious violence on somebody without concern for the consequences.

Not everyone is built like that and it's a good thing. Maybe some groups of experienced people could mediate the situation if the money was right. But to send inexperienced people to crash out on a mission is a recipe for disaster.

I'm still in shock that this guy who was staking Zo actually believed that he lost a backpack at an airport with over $30,000 in it. I mean, are people that naive? And then didn't ask for a copy of a police report and then watched Zo flirt with models on twitter soon after like nothing was wrong. Red flags everywhere.

No offense but Zo had such an easy mark in you. Then later 15 bullets supposedly in a $570 tournament? Was that verified? And after all the crap this guy was giving you fakelogic, he felt comfortable to just chuck $8000 in a relatively small buy-in tournament? What were you thinking?

Well other than already saying I am embarrassed and was naive about this, curious what you think i should've done? Please describe a course of action that I should have taken that would make me not an "easy mark".

And before you answer that, don't forget the fact that Zo got dozens of his friends this summer who are all much more experienced and connected in the mtt world and were all privy to Zo's actual day to day/personal life in real time. A bunch of them knew about the backpack, his debt, and financial situation and still the gave him tens of thousands.

Donno why anyone would dump on fakelogic in this spot. He knows he made mistakes, no one is telling him something new.


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how dare you

Well according to Matt Glantz on his twitter feed from last week, certain 'friends' of Zo's knew about his gambling and other problems but didn't tell anyone. I think Glantz said that was worse than actually being scammed for $10,000. So you're saying that his friends were all duped like you? Maybe not according to Mr. Glantz. Maybe some of his friends knew about what Zo was doing to you and since they didn't know you, they didn't give a ****.

Look the whole situation sucks and I'm sorry for being a little hard on you Fakelogic, but sometimes you have to use a little common sense. Not even asking for a police report copy or pic and seeing Zo flirting with models on twitter soon after the supposed theft should have made you end the arrangement immediately. Even if at the time Zo didn't have a bad rep.

On a side note, really, 15 bullets in a $500 tournament? Did you discuss this before he played these events and you gave permission for him to do that? That is absurd.

Christ, ban ECB pls. Worthless posts galore.


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Hey here's a novel idea. If you don't like what I post then don't read them. Yeah crazy concept huh?

just click on his profile page then user lists --> add to ignore list. i thought everyone on 2p2 had already blocked him

So edgy.

This guy was an obvious piece of garbage. Most aren't like him.

Except he's right about the whole kneecapping thing

This is what happens when you invent a stupid clique with a stupid name and make t-shirts and all that other bull****. You end up defending and covering up bad behavior by your "teammates."

Poker isn't a team game.

For anyone that missed the new Poker After Dark last night, there was some table chatter about Zo Karim and his overselling over the main. Don't remember who said it but someone commented along the lines of "how do you oversell and not manage to punt your stack at some point"

Was a little funny, as a story of Stu Unger was later told where he oversold the Main, final tabled and had a meeting with everyone who bought action to come clean and try to work out a deal because, "He's got a good shot to win it!"