Erick Lindgren Owes >$100k for 2p2 Fantasy Drafts, Won't Pay, Claims "Cash Broke" - Page 14 - High Stakes Poker Pot Limit and No Limit

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Erick Lindgren Owes >$100k for 2p2 Fantasy Drafts, Won't Pay, Claims "Cash Broke"

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06-05-2012 , 06:34 PM

#326

starrazz

banned

Join Date: Jan 2009 Posts: 5,584

Quote:

Originally Posted by waspswin

Its not illegal income if he made no management decisions and was hired as a marketing persona.

Yeah but it's illegal not to pay taxes on it as you earn it.

06-06-2012 , 01:57 AM

#327

waspswin

newbie

Join Date: Jun 2012 Posts: 45

I am sure he has unlimited losses from middling games, turn in the <$9k losers and cash the winners off the books.

06-06-2012 , 04:00 AM

#328

aejones

Carpal \'Tunnel

Join Date: Sep 2005 Posts: 20,224

i guess im not quite sure but it seems unlikely it'd be that easy for lindgren to get backed. dude is really, really bad at nlhe tournaments to anyone who has a clue.

06-06-2012 , 11:43 AM

#329

NthingToLose

old hand

Join Date: Mar 2006 Posts: 1,398

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.

Not how the IRS works nor how garnishments work.. Ever..

06-06-2012 , 04:45 PM

#330

Daddy Warbucks

Carpal \'Tunnel

Join Date: Oct 2006 Posts: 15,762

Quote:

Originally Posted by aejones

i guess im not quite sure but it seems unlikely it'd be that easy for lindgren to get backed. dude is really, really bad at nlhe tournaments to anyone who has a clue.

Dude is 21st on the all time money list (or 16th if you remove all the ME winners since Jamie Gold), the majority of which is in NLHE tourneys, and has cashed for 7 figures in 5 (almost 6) of the last 8 years. Dude is clearly a pretty consistent performer and given some of the other people who get backed, definitely shouldn't have a problem finding someone to put the cash up.

Last edited by Daddy Warbucks; 06-06-2012 at 05:02 PM.

06-06-2012 , 08:13 PM

#331

NLSoldier

Carpal \'Tunnel

Join Date: Feb 2004 Posts: 24,252

ya calling lindgren bad at nlhe tournies seems very lol.

06-06-2012 , 09:11 PM

#332

charder30

formerly known as zj123

Join Date: Oct 2006 Posts: 27,428

oh come on Aaron

06-06-2012 , 09:56 PM

#333

starrazz

banned

Join Date: Jan 2009 Posts: 5,584

Quote:

Originally Posted by NthingToLose

Not how the IRS works nor how garnishments work.. Ever..

You're wrong, and shame on you for correcting someone who was already correct.

The IRS reserves the right to levy any assets you may have in any account anywhere. The casino would lose their license to operate if they decided to ignore the man with the gold badge and the official piece of paper.

06-06-2012 , 10:00 PM

#334

starrazz

banned

Join Date: Jan 2009 Posts: 5,584

Quote:

Originally Posted by Daddy Warbucks

Yes and no.

[ X ] Lindgren knows how to play the pokers gut
[ ] "shouldn't have a problem finding someone to put the cash up"

If you back Lindgren after everything that has been exposed among the private messages, and everything else in this thread, knowing there could be liens and other hidden surprises, not to mention he could walk away, then you're an idiot for backing him, unless you incorporate some heavy penalties in the split to account for all that risk. It's junk bond status. If he weren't one of the top tournament players in the world, it wouldn't even be worth junk bond status.

06-07-2012 , 02:34 AM

#335

Lostmyothername!

banned

Join Date: May 2012 Posts: 69

Quote:

Originally Posted by starrazz

Brad booth got a 100k stake for WSOP and is very well know to be broke, in debt and also shady..

just saying

06-07-2012 , 02:38 AM

#336

Deldar182

adept

Join Date: Mar 2010 Posts: 1,171

Quote:

Originally Posted by aejones

i guess im not quite sure but it seems unlikely it'd be that easy for lindgren to get backed. dude is really, really bad at nlhe tournaments to anyone who has a clue.

I'm just bored, but surely you know that being a big name is more important for being backed than actually being good at poker. Idiots backing idiots is one of the greatest sources of money in poker (good players don't need backing mostly).

Also, Lindgren was pretty good at PLO for a fish, and I don't hand out compliments like that often. As far as live pros go he'd have to be one of the better ones

06-07-2012 , 03:35 AM

#337

starrazz

banned

Join Date: Jan 2009 Posts: 5,584

Quote:

Originally Posted by Lostmyothername!

Brad booth got a 100k stake for WSOP and is very well know to be broke, in debt and also shady..

just saying

It's a risk they're willing to take. It surprised me too.

There's a market for junk bonds, but I ain't buyin.

06-07-2012 , 04:42 AM

#338

riverboatking

Carpal \'Tunnel

Join Date: Jun 2004 Posts: 24,026

Quote:

Originally Posted by starrazz

It's a risk they're willing to take. It surprised me too.

There's a market for junk bonds, but I ain't buyin.

too bad there's no market for terrible god-awful analogies huh?

06-07-2012 , 07:41 AM

#339

Daddy Warbucks

Carpal \'Tunnel

Join Date: Oct 2006 Posts: 15,762

Quote:

Originally Posted by starrazz

You're aware right that there's people who have much much worse reputations and results who still get staked all the time right? Just because you wouldn't do it doesn't mean there's not other people who won't.

06-07-2012 , 08:05 AM

#340

spooner90

old hand

Join Date: Sep 2011 Posts: 1,802

that's because Booth overbets his roll

06-07-2012 , 12:36 PM

#341

LancyHoward

grinder

Join Date: Jun 2012 Posts: 430

Perhaps he's just temporarily cash broke because he paid off the large debt he owed to FTP.

06-07-2012 , 06:25 PM

#342

LucidDream

Carpal \'Tunnel

Join Date: Sep 2006 Posts: 10,714

Quote:

Originally Posted by LancyHoward

Perhaps he's just temporarily cash broke because he paid off the large debt he owed to FTP.

****, you're right....shoulda considered that.

06-08-2012 , 04:01 AM

#343

ItsAboutTimeIAte

journeyman

Join Date: Apr 2012 Posts: 398

i predict aejones will not comment again in this thread

06-09-2012 , 01:28 AM

#344

The Detonator

Pooh-Bah

Join Date: Oct 2009 Posts: 4,017

E-dog playing the 10k PLH

06-09-2012 , 02:11 AM

#345

aejones

Carpal \'Tunnel

Join Date: Sep 2005 Posts: 20,224

saw he's playing the 10k plh, idk how that works really with bankruptcy or w/e. he still going to try to pay ppl back or that ship has sailed?

06-09-2012 , 07:15 AM

#346

starrazz

banned

Join Date: Jan 2009 Posts: 5,584

Quote:

Originally Posted by ItsAboutTimeIAte

i predict aejones will not comment again in this thread

I predict you were wrong.

06-10-2012 , 10:05 AM

#347

Daddy Warbucks

Carpal \'Tunnel

Join Date: Oct 2006 Posts: 15,762

Quote:

Originally Posted by Daddy Warbucks

Impossible is nothing

06-10-2012 , 10:24 AM

#348

PenelopeCruz

Carpal \'Tunnel

Join Date: Apr 2008 Posts: 9,314

loool wow

06-10-2012 , 12:28 PM

#349

Giffordonian

Carpal \'Tunnel

Join Date: Jan 2010 Posts: 21,515

looooooooooool

06-11-2012 , 03:21 AM

#350

kaj_kyle

grinder

Join Date: Sep 2006 Posts: 677

Erick is staked. He says he gonna try to pay us back everything he owes when he can. So all we can really do is hope he is sincere and hope he binks a tourney :/

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