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Erick Lindgren Owes >0k for 2p2 Fantasy Drafts, Won't Pay, Claims "Cash Broke" Erick Lindgren Owes >0k for 2p2 Fantasy Drafts, Won't Pay, Claims "Cash Broke"

05-28-2012 , 11:07 PM
Quote:
Originally Posted by FatalError
At this point it's not like he has another payback option, not sure why anyone is criticizing that aspect of his plan. I'm assuming he's not liquidating assets to pay though, which seems like the major reasonable complaint someone owed money would have (I think bob was the one that pointed this out as a major issue with Edog's previously large debts)
Meh. He's owed big time bucks to other people before and kept betting and doing ridiculous things. It's clearly possible that he's dead broke and has nowhere to turn, but given his past I see no reason to give him a free pass and assume he actually has to earn the money to pay it back. His own wife was essentially laughing at the fact that he owed a little money when this thread first came out. Plus not all of these debts are huge, he could easily make a small payment to each guy as a sign of good faith. He's barely even communicating.

My comment was more or less just joking at the absurdity behind making bets that you have to go earn the money to pay off after you lose them. Since that's...not how this all works.
05-29-2012 , 02:13 PM
Quote:
Originally Posted by FatalError
At this point it's not like he has another payback option, not sure why anyone is criticizing that aspect of his plan. I'm assuming he's not liquidating assets to pay though, which seems like the major reasonable complaint someone owed money would have (I think bob was the one that pointed this out as a major issue with Edog's previously large debts)
Just want to point out someone who owes the IRS multiple millions in back taxes probably doesn't have many assets without liens on them.
05-31-2012 , 12:22 PM
If he says he wants to pay then why not just pay SOMETHING. 500, 1k? If he is not going to pay its better off he just says it so he cant keep entering.
06-02-2012 , 04:38 PM
Is he not playing Wsop ?
06-02-2012 , 10:26 PM
He hasn't played an event yet and i think it's unlikely that he will. who knows though, maybe someone will put him in the 50k and/or the main event or something.

curious how feasible it is he finds someone to back him and buy up some of his debt. he's still young and probably still good at poker. it'd be kind of ****ty for a good guy and rather talented poker player to just go down like this.
06-02-2012 , 10:49 PM
Quote:
Originally Posted by yougotG0T
He hasn't played an event yet and i think it's unlikely that he will. who knows though, maybe someone will put him in the 50k and/or the main event or something.

curious how feasible it is he finds someone to back him and buy up some of his debt. he's still young and probably still good at poker. it'd be kind of ****ty for a good guy and rather talented poker player to just go down like this.
If Erick needed backing there would be a line out the door of people looking to put him into virtually every event of every series.
06-02-2012 , 11:04 PM
Quote:
Originally Posted by ZBTHorton
If Erick needed backing there would be a line out the door of people looking to put him into virtually every event of every series.
If Erick ended up cashing there would be a line out the door of people looking to collect for virtually bet he did not pay yet.
06-03-2012 , 02:08 PM
Either broke or emabaressed I imagine (or a combination of the two)
06-03-2012 , 07:32 PM
Quote:
Originally Posted by ZBTHorton
If Erick needed backing there would be a line out the door of people looking to put him into virtually every event of every series.
Is this true?

There'd be a queue a mile long of boxing promoters looking to finance a Muhammad Ali fight if he decided to make a comeback. Doesn't mean their reasons are due to Mo's current boxing skills.
06-03-2012 , 08:14 PM
Quote:
Originally Posted by ralph cifaretto
Is this true?

There'd be a queue a mile long of boxing promoters looking to finance a Muhammad Ali fight if he decided to make a comeback. Doesn't mean their reasons are due to Mo's current boxing skills.
I see no reason to doubt Erick's MTT skills. He has pretty damn impressive results for someone who hasn't played a full schedule over the past 5 years.
06-03-2012 , 08:49 PM
so he crushed with FTP $$$ and crushed tourneys over the last 5 years, but still can't pay off his debt, hmmmmmm, sounds like the backers lining up would be as dumb as rocks to stake a scumming degen
06-03-2012 , 08:54 PM
Quote:
Originally Posted by lsdeee
so he crushed with FTP $$$ and crushed tourneys over the last 5 years, but still can't pay off his debt, hmmmmmm, sounds like the backers lining up would be as dumb as rocks to stake a scumming degen
I know that this thread makes Erick look like the worst human ever, but there are lots of examples of people in his exact same position. What makes Erick's situation somewhat unique is that he was being paid amazingly ridiculous amounts of money from FTP, but that's not THAT different from the countless number of guys who play in the circuit with 9 figures in earnings who are completely broke.

I'm certainly not trying to defend him, I've been one of his harshest critics ITT. But from a backing perspective, having a very very good MTT'r who lives in Vegas, with a major incentive to play well and grind a lot makes a pretty damn good horse as far as horses go. There are many ways that horses have cheated and scammed backers, but just flat out walking off with winnings isn't a very popular one. Someone who ran a backing stable big enough to afford Erick, should be able to keep enough tabs on him to make sure everything was going okay.
06-03-2012 , 10:09 PM
Quote:
Originally Posted by Do Not Blink
Is he not playing Wsop ?
Is it just me, or is your avatar really freaking hilarious?
06-03-2012 , 10:11 PM
Quote:
Originally Posted by ZBTHorton
If Erick needed backing there would be a line out the door of people looking to put him into virtually every event of every series.
How can this be true when there is no guarantee that he will pay his backers upon binking 1st in one of these babies?
06-03-2012 , 10:13 PM
Quote:
Originally Posted by starrazz
How can this be true when there is no guarantee that he will pay his backers upon binking 1st in one of these babies?
Meh, I run a backing stable and that just isn't a really big concern. If Erick binked something, and I backed him, I'd be there to collect.

If Erick got backed, won a tournament, and didn't pay his backer, he would be infinitely more ****ed than he is now. All he is right now is a dude who went busto, and there are thousands of them.
06-03-2012 , 10:42 PM
Quote:
Originally Posted by ZBTHorton
Meh, I run a backing stable and that just isn't a really big concern. If Erick binked something, and I backed him, I'd be there to collect.

If Erick got backed, won a tournament, and didn't pay his backer, he would be infinitely more ****ed than he is now. All he is right now is a dude who went busto, and there are thousands of them.
How could he be ANY more ****ed than he already is, given this thread's contents, let alone "infinitely" more? Serious question, not rhetorical.
06-03-2012 , 10:48 PM
Quote:
Originally Posted by starrazz
How could he be ANY more ****ed than he already is, given this thread's contents, let alone "infinitely" more? Serious question, not rhetorical.
Because lots of people go broke man. It's really really common in the poker world. If every person who went broke and had to hold off paying some debts for a while got black balled, the Rio would be a pretty empty place in the summer.

People being unable to pay debts for a while just isn't the life sentence that most people think it is. Hell even Negreanu turned this into an "old school v new school" type debate. The old school guys just don't think this is a omgomgomg big deal. Most young guys think it's kind of ridiculous, but that's how things go.

You've kind of already seen how he's not ****ed right in this thread. There have been numerous people in the thread talking about how tons of people knew he was like this for a long time, yet they kept coming to him for action because they thought he was good for it in the end.
06-04-2012 , 01:17 AM
I suppose if people think there is a 50% chance of getting their money from E-Dawg and a 50% of never seeing it, and they're being laid 2:1, and they feel it's a sure bet from their perspective (like sports or whatever the case may be), then they look at it as a +EV proposition.

But I'd be super ultra leery to stake him (if I were a staker, which I am not). It doesn't matter how good you are at poker if you can't be trusted to pay what you owe. The moment you bink that tourney, you owe your stakers. Why would anybody let this guy potentially freeroll for millions? Would old school take over at that point if they knew he had the money because he just cashed? Whereas old school is more c'est lavie about it (like D-Negs) if they're flat broke?

I don't expect you to keep replying, I'm just asking questions cuz I have them.
06-04-2012 , 01:25 AM
How come nobody ever gets beat up? All these people are owed money, yet nobody ever gets their face beaten in...It's not like the punishment for a fistfight is too severe. If I was owed 10K, I'd be sure to break E-dog's nose at least 10X
06-04-2012 , 01:39 AM
Quote:
Originally Posted by jump115115
How come nobody ever gets beat up? All these people are owed money, yet nobody ever gets their face beaten in...It's not like the punishment for a fistfight is too severe. If I was owed 10K, I'd be sure to break E-dog's nose at least 10X
Yeah, since doing that can potentially hinder the chances of getting paid back... not to mention the assault charges you could face for it.
06-04-2012 , 07:39 AM
Quote:
Originally Posted by jump115115
How come nobody ever gets beat up? All these people are owed money, yet nobody ever gets their face beaten in...It's not like the punishment for a fistfight is too severe. If I was owed 10K, I'd be sure to break E-dog's nose at least 10X
What do you mean the punishment isn't too severe?

Going to jail doesn't exactly accomplish a whole lot when it comes to getting paid back.
06-04-2012 , 07:43 AM
Quote:
Originally Posted by starrazz
I suppose if people think there is a 50% chance of getting their money from E-Dawg and a 50% of never seeing it, and they're being laid 2:1, and they feel it's a sure bet from their perspective (like sports or whatever the case may be), then they look at it as a +EV proposition.

But I'd be super ultra leery to stake him (if I were a staker, which I am not). It doesn't matter how good you are at poker if you can't be trusted to pay what you owe. The moment you bink that tourney, you owe your stakers. Why would anybody let this guy potentially freeroll for millions? Would old school take over at that point if they knew he had the money because he just cashed? Whereas old school is more c'est lavie about it (like D-Negs) if they're flat broke?

I don't expect you to keep replying, I'm just asking questions cuz I have them.
The only real answer I have for you is that you seem to keep thinking if Lindgren was backed and had a big score that he'd be off by himself getting paid, when he wouldn't. The backer would almost assuredly be there.

Combine that with the fact that he isn't likely to run off with the money anyway, and your 50/50 projections are really really off. And keep in mind, this is coming from one of his harshest critics ITT, and someone who has absolutely blasted Erica in twitter for her stupid #chillout comment.
06-04-2012 , 05:49 PM
Quote:
Originally Posted by ZBTHorton
The only real answer I have for you is that you seem to keep thinking if Lindgren was backed and had a big score that he'd be off by himself getting paid, when he wouldn't. The backer would almost assuredly be there.

Combine that with the fact that he isn't likely to run off with the money anyway, and your 50/50 projections are really really off. And keep in mind, this is coming from one of his harshest critics ITT, and someone who has absolutely blasted Erica in twitter for her stupid #chillout comment.
Just want to point out since he owes the IRS multiple millions, in Nevada any tournament win he has can be garnished by the IRS, and they would have enough time to do it given the day break before the final table. Obviously an incredible lose-lose for Erick and whoever backs him.
06-04-2012 , 07:11 PM
Quote:
Originally Posted by tongni
Just want to point out since he owes the IRS multiple millions, in Nevada any tournament win he has can be garnished by the IRS, and they would have enough time to do it given the day break before the final table. Obviously an incredible lose-lose for Erick and whoever backs him.
Did you research public tax lien records or something that you know this or is there a news link to his owing the IRS? Is this because he didn't report his monthly stipend from Full Tilt? Wouldn't someone go to jail for failing to report 8 figures of illegal income? I believe you, I'm just curious.
06-05-2012 , 01:01 PM
Quote:
Originally Posted by starrazz
Did you research public tax lien records or something that you know this or is there a news link to his owing the IRS? Is this because he didn't report his monthly stipend from Full Tilt? Wouldn't someone go to jail for failing to report 8 figures of illegal income? I believe you, I'm just curious.
Its not illegal income if he made no management decisions and was hired as a marketing persona.

      
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