Carter "bdybldngpkr" Phillips Walks out on stake, agrees to buyout and doesnt pay (Resolved)

[bef99hwk]

Originally Posted by ssnyc

Kramer: It's a write-off for them.
Jerry: How is it a write-off?
Kramer: They just write it off.
Jerry: Write it off what?
Kramer: Jerry all these big companies they write off everything.
Jerry: You don't even know what a write-off is.
Kramer: Do you?
Jerry: No, I don't.
Kramer: But they do - and they are the ones writing it off

A++++++...lol'd hard.

[stanski]

Originally Posted by jiggybluff

****ty spot, id assume he isnt busto but 25k would be a substantial hit to his networth atm, and is probably waiting for a better spot to pay you back

I'm assuming this as well. It feels like backers and horses alike are not working very well together post black friday which is to be expected obviously but seriously seems like a situation that didn't need to be made public right now/yet.

[NeverScaredB]

Sorry to hear about this Tom. It's a ****ty situation, but I think Carter will pay you back at some point and it's mostly just a big hassle and some lost liquidity in the interim. He's a well-meaning guy who struggles dealing with the ups and downs of poker despite his success. He's pretty obviously in the wrong based on your side of the story (which I believe to be a complete and accurate account, but I'm always for hearing all sides before passing judgement), and he usually comes around eventually. He just needs to level his head out a bit and I'm sure the two of you will work this out.

[ThatsABingo]

I remember playing w him ona $55 tourney on ftp, we got to the FT and he slowrolled a guy on the FT with a flopped set. I was like wtf this guy is a hugeeee maximus douchebag.

turns out i was right

[nemodonk]

seems like a great strategy, carter!
-nee

[kleath]

checkboxes are ****ing retarded


carter phillips is the checkbox of poker

[frzn assets]

Originally Posted by kleath

checkboxes are ****ing retarded


carter phillips is the checkbox of poker

[ ]Checking boxes is retarded
[x]Checking boxes is sorta awesome sometimes



Also:



Sums up OP's prime objective here...

[CBorders]

Originally Posted by frzn assets

1st - Obviously the dude is broke, trying to figure out what to do post Black Friday and hasn't told you that he doesn't owe you anything, you can't squeeze blood out of a stone and coming on here to humiliate him is kinda weak... I mean its one thing to objectively state the facts but referencing his "weak emotional state" or whatever is pretty lame. What kind of "friend" are you discussing his "emotional state" in a public forum, if he confided some of his life turbulence to you and you put it out on a public forum then shame on you.
2nd - The fact that it was mainly an online staking arrangement clouds the issue of makeup transferring to all live action scores. You talk about him like he's your slave, like how dare he leave Vegas while in makeup. I mean WTF, if Black Friday included the prohibition of online AND all live action and he was in makeup is he to become your personal butler till he works off the 80K?? Seriously, what would you do? BF changed everything with regard to staking relationships. Everyone is trying to figure zhit out right now, not everyone wants to become a ***** live tourney pro, spending an entire year to reach the sample size equivalent of two weeks worth of online tourneys, obviously downswings can last years etc.
I mean whatever, obviously he owes some sort of makeup but you're the one who took the risk in an effort to make money for yourself and if you didn't have a contract than that's your bad, you're the one screwing without a condom and then bitching and moaning that you caught the herpes. This whole public shaming thing is soooo effing petty and stupid and makes everyone look bad. Threatening to post personal messages between the two of you to shame him into paying.... JESUS EFFING CHRIST, its like a bunch of 3rd graders.. GET AN EFFING CONTRACT EXPLICATING ALL FACETS OF YOUR ARRANGEMENT or STFU about your personal financial problem between you and your stakee. When are people gonna learn this.

Good luck trying to shame the blood out of a stone, real productive!

If he doesn't have a contract, that just means he doesn't have legal recourse. He can still come to this forum and let people know what is going on. I'm not sure how you've deduced that Carter is Tom's slave, or that coming forward about this is petty and stupid -- that's clearly not the case. He agreed to buy out for X-amount and is either reneging on the deal or is just being unnecessarily difficult about the situation. If he's broke, he needs to let Tom know that and try to work something out.

[lilman2636]

Originally Posted by sirswish6

how is 40% a real % for buying back makeup

+1

But he agreed to 40%
and has made slow payments , 2+2 has
a negative feedback thread post this there gl

[Latah Pines]

Originally Posted by ThatsABingo

I remember playing w him ona $55 tourney on ftp, we got to the FT and he slowrolled a guy on the FT with a flopped set. I was like wtf this guy is a hugeeee maximus douchebag.

turns out i was right

I got him to fold once.

Played against him briefly in an FTOPS, he kept bragging about winning the EPT Barcelona.

Wonder if he brags about this.

[frzn assets]

Originally Posted by CBorders

If he doesn't have a contract, that just means he doesn't have legal recourse. He can still come to this forum and let people know what is going on. I'm not sure how you've deduced that Carter is Tom's slave, or that coming forward about this is petty and stupid -- that's clearly not the case. He agreed to buy out for X-amount and is either reneging on the deal or is just being unnecessarily difficult about the situation. If he's broke, he needs to let Tom know that and try to work something out.

-Referencing his "fragile mental state" is petty and stupid
-Why would you air personal dirty laundry on 2+2? If anything it just jades the stakee against the OP thereby minimizing the chance of a resolution.
-Fine, let them work it out or have OP sue, no need to bring personal financial matters into a public forum.


plus..

[FatalError]

Originally Posted by sirswish6

how is 40% a real % for buying back makeup

if carter played his A game, moved overseas to grind online, and played the large/soft volume someone with a substantial DEBT to their backer would be expected to play, the value of his makeup would be immense. I'm sure tom would have valued 75k of carters makeup as 50-60k in a perfect world.

Tom,
you could always 1099 him for 23k of embezzled money, you'll get a bunch of it back and **** him for the rest. just the threat of it alone should be enough to get him to pay up. And if he doesn't pay then the IRS well get him!

[higher voltage]

Originally Posted by frzn assets

[x]Confirmed


Look, all I'm saying is that these situations are reminiscent of a married couple getting divorced; the ensuing "he said she said" is both counterproductive as well as awkward for mutual friends and colleagues who are forced to take sides etc. The objective truth is never fully known and parties, devoid of other options, resort to petty tactics to achieve a desired effect. Everybody gets it, it didn't work out so go get a legal divorce and quit trying these things in the public forum. Obv you should have had a prenup, you didn't and now your asking the public forum to determine who gets the kids, house, dogs and Honda Civic... I mean really, figure it out on your own or take him to court to get your satisfaction, seriously. Once he gets a summons he might all of a sudden come up with some manies, your basically be calling his "broke" bluff; if not get a "pay that mian is manies" judgement and an attachment to any future wages. Then its done.

i actually agree with this, u have redeemed yourself

[aprilsfool_pwns_72]

i haven't talked to carter about this yet, but i consider him a pretty good friend and i let him know about this thread, so at least he knows you've posted it. i was also his roommate in san remo and had a good exposure to his mentality for some of the time period you are talking about.

he seemed to be playing pretty sick good poker in europe with only a few costly mistakes during san remo which kept him from a 6 figure score. he was slugging away like a grinder, but was noticeably getting sick of poker for a while. bf didn't exactly help. i corroborate the prudence your mentality of suggesting he play low stakes in vegas, but his interest in poker was obviously waning tiltily enough that i'm not sure if he had the patience to grind those $1ks. he wanted to move back to charlotte for a while, and he wanted to get out of the game. but what actually matters here is what you both agreed to. trustworthiness and honor are the biggest deal in poker, and if his reasoning was truly that he got crushed while on his own and you would have lost more if you had staked him, then that is just plain wrong. that's not how staking agreements work, and i don't know the details of your disagreement other than what you wrote in op. but at the very least, if i am ever escalate my ballerness to staking like this, i will certainly deal with everyone using clear and detailed contracts and make my primary objective to preemptively fight this sort of uncertainty / conflict.

best of luck to both of you on getting this worked out.

[aprilsfool_pwns_72]

btw op - you say he won an ept package while backed by you. what did you expect him to do other than play the ept? i seriously would like to know what alternative you preferred because i don't know how else to monetize a won ept package other than flying to europe and playing the ept.