I don't think I can beat Epic, but I'll try to keep this thread awesome.
I had posted on this subject prior to the 2+2 site outage a few months ago on another account. There are updates, but I'll start from the beginning.
I live in the Midwest, USA. My friend, Mike, is from Georgia, and didn't want his family growing up in downtown Atlanta(one of the few smart decisions I have witnessed him make). When I say friend I don't mean "take a bullet for the guy", but more so "gamble, party, and drugs friend" or acquaintance. He owes me $200(since 2011), so I don't feel bad writing that last sentence.
Little bit about Michael - Alcoholic, gambler, part-time meth addict (money problems limited madness), and father of 4 kids and a husband.
Mike befriended one of my best friends at a construction job. My buddy brought him to the place we rented, and we discovered Mike and I both like to play poker. For probably a year + Mike has a job and gambles away maybe $100-$200 a week. After a Winter of unemployment Mike was expecting to get called back by the construction crew, but the owner left town and everyone working for them was out of a job. Here is where the excitement starts.
This takes us to March/April of 2011. Mike has no money, but he has a 4k tax refund check coming in. Mike decides he wants to play online poker. I had run up about a 1k br on a merge site(after black Friday obv), and I sent him $50. Then another $50 and another $50. He was paying me back, so I really didn't think too much of it. I get roughly $1.6k in money from Mike of the 1.8k he owes me in about 3-4 months of doing these transactions. Also during this time(tax refund received) he created bank accounts at local establishments, deposited $1,000, and then put 1k on Bodog and 1k on Intertops or some other book/poker site open to US players. He said down at 5/10 and lost his roll in probably 30 minutes on both sites combined. The next day he went to the bank, closed down his accounts, and withdrew his $1k from both banks before the sites deducted the funds.
These best part of the 2011 episode was the home games. One night of a .25/.50 cash game at my place Mike dropped $700 in about 3 hours at plo. He would pot pre, pot flop, pot turn and river with total air. My internal HUD had him running at ~95/75 pre(folding only when he was in the bathroom or at the cash station ATM.) After the last ATM run, Mike declares he is broke, and his wife informed us he can't play in our game anymore.
2011 story(recap) - 4k tax refund gambled away in under a month, could have been 6k but he stole money from a few sites to save him a couple grand
2012 story - Mike has gone dark. I don't see him show up online, nor does he frequent our home games. He was unable to get work for the whole 2011 calendar year. Then all of a sudden he informs the poker crew in our game that he will be getting money in a few weeks, and we let him play for "payday stakes". He played maybe twice before going dark again, but had a couple hundred dollars in debts to a few players. We finally get in contact with him in Juneish of last year. He informs us that he deposited his entire check online, and lost it betting $100 a hand in BJ. His wife confirmed this, both verbally, and also by moving her and the kids back to Georgia.
Sorry about the grammar and spelling.