Been following this and got to give credit to HIV. Bad situation but if he makes good ob it shows the kind of guy he is.

I'm not trying to rebuild my reputation per say, its more like I feel I have a moral obligation to pay the people back who I stole from. I don't ever expect to play poker again and that whole "retirement" 4 years ago was so completely different I don't even know where to begin. At that time I had only lost money that I had previously won.

I never said anywhere that I won't communicate with people anymore, simply that I want to have my interactions on 2p2 and aim extremely limited as if not I will just fall back into the same old cycles

And finally, can people post what they think the fairest way to go about distributing the 12.5k I've sent back and the ~22k I owe is?

When I said I have 22k and need 44k, I was actually referring to money that was owed to me by people, around 10k was still owed and I had not collected it yet. So like for example, someone who owed me 3k but had not paid might end up owing another investor 500 or something...IDK the exact numbers but its gonna be a mess, so we're gonna have to come to a consensus or something and I'm fully willing to do whatever's fairest and whatever the community comes to a consensus on.

I'm glad he finally came clean and this might add salt to the wound, but is it really fair that he admits to playing all these tournaments while he is sick/overtired/lifetilting? I've backed a bunch of people in the past and absolutely would never stand for someone playing when they aren't in the right state of mind. He's basically admitting that he stood no chance at winning every time he was playing, live or online.

before we start working out exactly what's owed, we need to verify this as it contradicts what was posted by fitz after the final 70% tally was listed.

yea i took the rest myself for the very first events, so i had 30% and investors had 70%

however starting june 6th, i had 10% and investors had 90%

well i was only really sick and overtired for that one venetian event, and im always lifetilted and have won many many tourneys in the past while being lifetilted, so i dont think that really applies here

Except this is not a gambling debt. This is akin to someone asking for money to invest on buying a house and then spending the money on something else or gambling it off. There was a verbal contract in terms of how the money was going to be invested and that was not followed. The question is really whether it is worth going to the police. If HIV is serious about paying it back then that route is probably not preferable.

I am glad to see that HIV though is here posting. I wish him the best and all investors involved. I still suggest something official is drawn up though to ensure people are paid back.

You forgot to apologize to to your backers for your f up, and for soliciting the stakes in the first place. It seems pretty clear you did not have the self control/responsibility to deal with that kind of money, and you probably knew this yourself when asking for the stake.
Props for coming clean, hopefully you can get this resolved.

lol, ok..

I'm rly, rly sorry for jumping in this but I need someone to quote me and say "yes" that there, at one point, was a picture of "someone" getting a blowy from another guy itt.

$ is on the line here obv

edit/

yes, no id who it was or if it was photoshoped or not

tyty. ship it! oh, and my post can be removed now as well if mods would like.

Ship this guy the 10k back and let him work small stakes MMT sng's. "Get A job"-are you serious? What skills does he have, seriously I'd be shocked if he could make more than $20 an hour. Let him play poker that is all he knows how to do-some of you backers can coach the guy (life coach as well).

Please tell me you're joking after reading his posts.

He admitted he can't be trusted with online money.

Nice customer copies. How about showing the receipts that actually mean that you couldn't have unreg'ed from said tournament.


Get the f*** out of here SM

You can check the entrants lists online at wsop.com. I lolled at HIV's tentative plan to do exactly as you suggest - we would have found out immediately.

(Not to mention that there *are* no receipts that actually mean you couldn't unregister. When you play, you surrender the dealer copy. Every single poster who's posting copies of their receipts means nothing...)

When I unregister they always take my customer copy.

sigh

If we assume that 90% was sold, and the total actually played was $15,030.. that means $39,770 is owed to investors, and each 1% share is therefore worth $441.88.

$10k has been returned so that's $111.11 for every 1% share that can be distributed now (or at least, once everything is verified and my math is checked by someone who knows what they're doing). This will leave a total of $29,770 outstanding, and each 1% share will be owed $330.77.

So I guess the first step is to get these numbers and assumptions verified and agreed?

But customer copy or dealer copy, one could always take a picture before unregistering. Anyway, at least in the case of the WSOP tournaments, HIV shows on the entrants lists.

On another matter, I think HIV forgot my 7% on the list of buyers that totalled 70%.

Yep, that's the first step. HIV has actually sent me $12k and change now, but it's going to be much more complicated. When I get the records from him I'll try to work it out. He took on two more investors for 10% each somewhere in the middle of the package, but these two did *not* give him all the money up front. Furthermore, it seems he may have forgotten my 7% when he made the list of 70% sold (and maybe accidentally sold 97% eventually!)

My preliminary calculations (ignoring the new investors, and counting his cashes) are that each 1% share originally cost $685 and is now worth $523. There is cash available to pay $164 of that, leaving a shortfall of $359.

i have two customer copy of events i had to unregister from fwiw

glad hiv is posting here and hope everything works out

****ing lame.

Nobody is getting paid back unless you get this kid back in action with bankroll guidelines... with somebody standing over his shoulder.

I'm just saying what everyone else already knows is true.

Hiv is a good guy and a good player with emotional and discipline control problems. Some of the people who invested in him were very aware of his past and the risk of this happening. They invested anyway. What does that tell you?

If I were an investor, I would tell him to keep the money and play EXCLUSIVELY MTTS to run it up. NO CASH AT ALL. I think with his guilt and someone "handling" him, he will make the money back.