As the only 3rd party witness to the events in Maryland, I feel obligated to post something. I'll preface this post by saying that this is difficult for me since both dhcg and Kydd are people that I care about, on a personal level, and I do not want to take sides.
I'll attempt to simply state the events I have witnessed and I'll try not to inject any opinionated statements into my post.
Business experience with Kydd and dhcg
I have a PGC thread that I created when the staking first started. More details can be found there:
http://forumserver.twoplustwo.com/17...horse-1343485/
Cliffs
-I met dhcg through 2p2 PMs/posts
-I met Kydd through dhcg
-I was intrigued by the idea of staking and asked dhcg if Kydd might be interested in staking me, he suggested I talk to Kydd and I did so
-I agreed to being staked by Kydd
-I am currently staked by Kydd
After 3 months, I am still being staked by Kydd. I have no plans to break it off in the near future. In my own personal experience (to be clear, I am not speaking for anyone else), Kydd's professionalism and quality of coaching has exceeded my expectations.
It should be clear that I am choosing to be here because I truly want to and not because I feel pressured by any external factors. Luckily for me, my degree, work experience, and personal contacts as a PharmD allow me to walk away from this deal whenever I feel like it while still being able to support myself with a 6 figure salary. I do not personally feel abused in any way though I understand that others may or may not have had a different experience and opinions can differ. I speak only for myself.
dhcg/Kydd Dispute
Dhcg, Kydd, and I went to Vegas for the WSOP. After our run was done there, we each went our separate ways for awhile. I traveled back home to NJ, Kydd went to Pittsburgh, and dhcg went to California. Kydd gave dhcg a larger than normal bankroll (since convenient add-ons weren't going to be a possibility) which I believe amounted to 11k (6k + 5k extra).
After a week or so, Kydd and I met up in Florida for the $10 mil guaranteed tournament. After a 2 week stint there, we both decided to travel to Maryland to grind at the brand new Maryland Live poker room. In the meantime, dhcg was in California.
After 2 days in Maryland, dhcg eventually joined us. At the hotel, I watched Kydd and dhcg attempt to square up the results of the last month. It didn't go well.
Dhcg had substantially less than 11k in cash on him even though results indicated that he had won several thousand over the past month and that he should have had much more than 11k. Instead, there was something like 6k-7k cash on him. When asked where the rest of it was, no clear answer was given. Dhcg handed Kydd the cash he had, Kydd took about 3k or 4k (which Kydd claimed to be his rightful cut of dhcg's past month of reported profits). This left dhcg with about 3k in cash left.
With this ~3k, we went to grind. We only played that night and the next morning. In the morning session, Kydd was basically falling asleep at his 10/25 game. I drove him back to the hotel (5 min away) so he could sleep, then I went back to the casino. While I driving back, dhcg texted me to tell me that he busted his remaining roll and wanted to go back to the hotel, as well. I obliged and drove him back. While Kydd was still sleeping, dhcg packed his stuff, and left.
The most important part of this story is, obviously, the cash exchange. I will be honest and admit that I did not personally see any hard copy of records. I cannot comment on whether the discrepancy in money is due to poker losses (which would then be attributed to "make-up") or miscellaneous spending. I cannot, with 100% certainty, say what is owed to whom because I don't have access to any indisputable records of staking agreements or reported results. What I can say, as a fact, is that 11k was allotted to dhcg in Vegas and that, for whatever reason, he had much less than that when he came to Maryland.
I might be acting naive but I am still retaining hope that this misunderstanding can be solved in a way that placates both parties. I don't believe either Kydd or dhcg is intentionally "scamming" but, rather, each truly believes in his own innocence.
Last edited by AcePlayerDeluxe; 09-03-2013 at 03:35 PM.