Getty posted in the other thread that he's met MIW irl and has a phone number, but it's going straight to VM.

OT

Brutal. Good luck everybody who bought a piece. This kind of stuff really sucks for the marketplace, and is a good example of why you should be weary of anyone selling such huge portions of themselves and freerolling packages...

I have his number too, but I am overseas right now so don't have anyway to call it for a while

This is not true.

I'll give more details soon, but I'll try and get Mike to post the full story first, since it's better coming from him.

I can assure everyone that Mike did not intentionally scam them, and he never posted a package with the intent of not doing his best to play the tournaments and return his backers a profit.

Yea, I honestly don't think it is a scam, especially with all the personal info that he has given out. Just hope he has some sort of backup plan for whatever went wrong.

I mean, he's been MIA for over a week... Just let people know what's going on asap, no one cares who it comes from.

I hope he has the money to pay his investors.

So what happened? Did he lose his investor's money playing games he was not supposed to? I don't think he tried to intentionally scam but we need to hear the story!

+1

I talked to Getty, he doesn't know what's up with Mike at the moment but he has tried to contact him.

Highly doubt this, I've known Mike for 18 mos(used to talk to him every day and have done heaps of swaps and even shared a room with him at VDS for a week) and he's always shown himself to be a morally upstanding person, that being said i have no clue what has transpired in the last couple of weeks and am not trying to defend whats gone on in this thread or the lack of contact with his investors.

Mike, whatever happened the best thing for you to do now is post and not leave everyone in the dark. You've done tons of packages that have shown a profit and been paid out, and as far as I'm concerned this situation isn't past reconciliation, just do what you know is right and let's move on.

+1, if you ****ed up please let us know and let's work on getting a payment plan setup

Okay, I just spoke to Mike on the phone.

He's going to make a post in this thread today, and he'll explain what's going on and what happens next for investors.

He'll address this soon.

Echo what Getty said wrt Mike's character. He made some financial mistakes, but I can guarantee he had no malicious intent.

Thanks, I am assuming he will also address what he is going to do about the WSOPC AC also?

If he does not post then please can you share phone number or mail address.

I know an explanation has been due for a while. I've completely avoided 2+2 and this thread up to now; I didn't want to face the reality of the situation, but I realize now the truth is the very least I can offer everyone.

A week or two before the start of FTOPS, I made a trip to AC. After ending down the night gambling, I went back to my room and played online and lost there too. Started to chase losses by martingaling HUSNGs until I was playing multiple 2ks. Ended down that night between 10-15k, the majority of which was backer money.

Since then, I lost even more money trying to cover the hole I was in playing cash, MTTs outside of the package, and live. I borrowed some money from family and a couple friends, and created another package to buy time for myself. I think part of me really believed that I was going to get out of the mess I had gotten myself into, that I had plenty of shots of bink a decent cash that would take care of everything. Of course, I managed to nearly airball both series while losing the rest of my money and then some. By the time my last attempts at running up money failed, it was several days after the package ended, backers' money was gone, and I was dead broke and in debt.

The fact that I was capable of doing something so colossally stupid, that I was capable of having such disregard for my own money and, more importantly, those of my backers probably means that I probably lack the necessary discipline poker requires, and that I may have a real gambling problem. Even though I feel like I've learned from this experience, and that I would absolutely never do anything like this again, I know that it's already too late. I can't turn back the clock, no matter how much I want to. My money is gone. The money invested to me is gone. I abused the trust everyone placed in me, and for that I rightfully won't ever be trusted again.

I have no excuses and accept complete responsibility for what I've done. I want more than anything to be able to pay everyone right now, but I don't have the ability to at this point. Though I am no longer playing poker, I've started working a part-time job and expect to make something like $250/wk depending on my hours. My other time has been spent studying to pursue further schooling, after which I hopefully can secure a career that will, among other things, enable me to pay this debt off faster. For now, it will be a hard grind paying back the $15k+ I owe. I have bills to pay (including a lot of cc debt) like everyone else, and my income right now is small. However, every dime that I can spare will be used to pay back everyone. I will be getting my first paycheck in slightly more than a week and will make a payment back at that time.

I want to offer my sincerest apologies to everyone who got caught up in this. I never meant for all of this to happen, and I will do what I can to set things the way they should be.

Well this confirms my suspicion, pretty ****ing tilting you PMed me to send you the $520.95 for your package so you could piss it away on HUSNGs.

Ugh, this really sucks and I echo JP's sentiments that it sickens me how often this happens. One thing I see for investors that is common for some of these situations - if someone with hundreds of ks in cashes/profit is selling action/is busto, make sure you investigate why are they busto, if someone isnt a well known 2+2er I would be very cautious

So wait, the AC package was an intentional scam then? Just going by your own admission, you gambled away investor's money before the FTOPS started(Nov 10th) and had the guts to post another package(Nov 13th) to fund your gambling problem?

That's just ****ed up Mike!, I doubt I'll be investing in the MP anymore. This is just getting ridiculous. People abusing trust like it means nothing.

The only thing more tilt inducing in doing you cash in such a manner is tha aftertimers telling you how stupid you are !!!

hope you die mwiw210

Yes, I created the AC package to get funds to cover the FTOPS package, but my intention from the beginning was to play both. My goal was to get enough to play the events I was supposed to under the FTOPS package, cash enough to begin my AC package, and keep going from there until I had enough from cashes to cover everything. I know it was an ******* thing to do, and I'm not sure what else I can say other than I was desperate.

jmfc are you delusional or something? Please re-read your own post, I don't understand how that thought process can even enter the mind of a professional gambler.

If my calculations are correct.

They weren't.

I probably was. Also, selling the AC package was also for buying me time to sell some possessions for money (my spare laptop, my car, and a couple other small things). My laptop got a few bids on ebay that ended up being fraudulent, I was not able to sell my car, and only managed to sell a few things that didn't amount to much.

Oh for christs sake. Real sorry to everyone who bought large pieces of this, I'm pissed off enough and I only took 1%