Originally Posted by Kidcardiff
Ive sold action on 2p2 and with friends for as long as i can remember, and never had any issue, have never cheated anyone.
This WSOP i put a big schedule together. For tournaments that were under <$2k, sheets had 35%, and i sold 5% and 2% to private investors. For tournaments >$2k, i sold a package for which i sold 38% of my action. I also had 2.5% swaps in all events played with four guys, Brian Altman, Billy Chattaway, Matas Cimbolas and Oliver Price. I may have swapped up to 10% more in those tournaments with other players but always had 40%+ of my tournaments, and i want to make this visible to investors/swaps that throughout the series i wasnt overselling action.
After i busted the WSOP main event on day 1 (for that tournament i had 38% sold and 22.5% in swaps, am quite happy making all that visible and breaking it down as to show people who are in doubt. I am collecting the tournament receipts for investors who want them.
What happened after the main event is where i let myself down and others. It was time to get out of Vegas, after a long summer. 6 weeks here giving everything and falling short I began to make bad decisions. I hadnt been home since April but I had one tournament left which i was determined to play as i had sold for it and was a good shot at finishing the trip in profit. I busted the main event on day 1, and had some free time before the venetian main. I started playing casino games and as you can imagine, started losing. I started to feel disorientated being here and became desperate. The cash i had for the tournaments had gone. One mistake led to another and i sold more action for the tournament, and also lost the money. I played on more than one occassion with some swedish guys who were sitting down at palazzo.. It reached the point where i just didnt have the buyins i needed to. I was not thinking straight and sold more action to the Venetian $5k than i should have. It reached 90% which was fine as 35% went to a backing deal. From there, the day before the tournament, i made the biggest mistake. I messaged two close friends and they bought 20% each of two bullets, (sergio and adrian) which took the tournament from 90% to 130% and from there I made swaps of 5% with 4 guys, Ankush, Jono, Goran and Rocco. After continuously running bad I really didnt envisage what could have happened should i have built a stack in the tournament, I did not throw my chips away while at the same time in the back of my mind i was aware i would have serious problems if i went on to cash big. Its all extremely pathetic im well aware. I went down pretty low on chips and managed to build up stack again and busted after dinner. None of the hands i played were anything different to how i would have played in a tournament where i had 100% of my own action. Having said that, if i were to have gone deeper I would have been in trouble, clearly.
I told Mark, sheets, Jono that i played two bullets when i didnt. I cleared that up the following morning and Mark became suscipicous rightly so about what had actually happened here.
I realise ive let down investors, and everyone close to me. Reputation in poker is fragile and i realise its very much one strike. Once you steal, you lose the trust of the community for good. I hope those of you who know me well and worked together for many years that will see this has been a one-off mistake. I have been travelling the world playing poker tournaments pretty much living out of a suitcase for the last few years. I'm here to make money in poker tournaments, and for people who invest. I made a foolish mistake at the end of this summer which i know isnt acceptable under any terms. But It has happened, and i have to face up to it and do everything i can to correct the mistake. I have spoken to the people who invested in this tournament and told them they are getting refunded in full, and i have the means to do so. I also believe that this has happened for the best, and I need to look at myself and why this has happened, and where to go next from here. Once again, im sorry to those i have let down and feel totally ashamed ive made such a costly error of judgement and honesty. Im open to hear any advice on which people want to give to come back from this, although im sure the majority will just say quit poker, Personally i won't let one mistake hold me down and I will come out the other side. First things first i need to pay back the people for that tournament.