Not sure if this is posted but if it has please delete. Anyway, Chris Ferguson better not show his ****ing face in public ever again. This guy is an ULTRA ******. And IMO worse than Hamilton because not only does he wanna **** a business deal, he wants to **** THE REST OF THE ****ING FTP CONSUMER WORLD FOR HIS OWN PERSONAL INTEREST AFTER HE STATED THAT MONEY WAS GOING TO PAYOUTS. Take a look http://www.subjectpoker.com/2012/01/...bank-accounts/

best lawyer name ever: Ian I'mrich

can we please find a Photoshop worthy pic of this guy?

there is no god

The Guy is a ****ing prick.... I see him idk if I can stop myself from smashing him....

I didnt know about this but I had read that he took at least $44 million from FTP from money that was players funds, and Lederer took $24 million.

These people are total ****ing ****s.

I dont care about money but these two should be put on a barren island so one has to eat the other then starve.

Die.


http://www.pokernews.com/news/2011/1...aint-11431.htm


They just want there $295 million +


And I'm someone who doesnt get angry lol

never liked the stupid ****ing nit to begin with, let alone after everything he has done/is now trying to do!

There's pokercast forum mods?

Yup. See your infractions.

I think people are overreacting massively. We don't really know what he knew, nor do I get why he shouldn't be allowed to take dividends. While I think morally he should feel like he is a terrible person, and I have no idea how he can sleep at night, i just really don't think that he has done anything legally wrong.

Also, tons of internet tough guys here.

O HAI CHRIS.

They were not taking dividends... They were taking players funds. Lederer, Ferguson and others knew the state the company was in. They lied about being solvent for years, and were using player funds however they wanted.

To retain their gambling license they lied about what funds they had, where they were, and how they were being managed.

Ferguson was a director of the company.

These people are not innocent victims... they are responsible for major fraud, for poker getting dirtied, thousands upon thousands of people losing money and employment...... I lost nothing, but good friends of mine lost a lot, not to mention people throughout the US that relied on online poker for an income either by playing or providing a service.

They are scum.

So if a shareholder of your bank pilfered all of the money out of your account, you would be OK with that as he was just 'taking dividends'

LOL? LEGALLY wrong? They lost their license from their regulators because they weren't under legal compliance. Also, not sure if anyone told you... but being on the BOD + taking money that are not company assets from a company that is insolvent is EMBEZZLEMENT btw.

People that have huge stakes in a companies have access to the books and is informed of big business decisions or hurdles to overcome. Let's not forget that CF claimed some of his money in personal bank accounts were supposedly going to be used to pay back players. Saying he perhaps didn't know what was going on is ludicrous. I mean, you've got to be a complete imbecile to think otherwise. Anyone... ANYONE, who has a huge stake in a billion dollar (or was supposed to be) company knows their books and how they are going to strategically place themselves on the payment processing front. When we saw FTP switch payment processors about a million times, you know the CEO and the board is trying to get creative.

Let's not forget that the short fall was occurring over the course of a year. Their BOD meetings had to disclose strategy on how they are going to beat it and where they were currently. There is no other way to look at it.

At least we can agree that Chris Ferguson should maybe change his nickname from "Jesus" to "giant piece of ****"

I believe they were effectively insolvent four years before black friday (the cash "on hand" was no where near the amount required to cover player funds which was a component of them maintaining their license, so they misled the body supplying their license as to the funds they had available ), and were well aware of the issue.....

They only managed to retain their license by supplying falsified documentation to the gaming commission responsible for their license, and rather than recoup player funds they kept taking money out.

There is a video interview on pokertube with someone who represents the commission who supplies licenses to companies where he talks about all the BS FTP did.

They were not businessmen. They were/are street smart gamblers and some were very well educated as well! They found a gold mine. Stripped it bare and ran off with the funds. They are guilty of many things legal and moral! Sadly they have a chance to get away with it. Hope they do not!

and seemingly just one retard... ^

also, above your post only one of the posters mentioned physical violence. Don't think that constitutes tons.