Poker staking question. Funds returned to backer? Related to deposit returns from UIGEA.
Join Date: Jun 2005
Posts: 2,128
Hey everyone,
I had some questions regarding a poker-staking situation that I had with a person I know. I wanted to get some unbiased responses to help resolve this situation.
Some background info:
1) I was staking this person prior to black Friday.
2) I ended the stake after black Friday.
3) We squared up after black Friday since I owed him cash from some live staking that I had and he lost. So I owed him the money he lost.
4) I lent him about $3400 online in total.
5) After funds were returned, he received more than $3400.
6) Our staking sheets weren't fully up to date but my claim is that the $3400 is mine since his account had more money in it than $3400, he didn't redeposit money and never busted his account, and I was his only backer.
At some point during conversations I mentioned to him that my staking sheet said that he owes me $1900. I have since retracted that statement since my sheets weren't up to date. My transfer records on full tilt showed that I transferred him $3400 and so since he never redeposited money, $3400 of the funds returned to him are mine since we were square after Black Friday. What else might I be missing?
Questions:
1) Is $3400 a reasonable amount? He insists on paying me $1900 but that was my initial guess, and it was a mistake and I have since sent him docs supporting my $3400 estimate.
2) Also, he insists on paying post-tax amounts so $3400 - $3400 his tax rate. Is that fair? Is that standard?
Join Date: Jun 2005
Posts: 2,128
Join Date: Jun 2005
Posts: 2,128
Join Date: Sep 2015
Posts: 4
Re: the post tax, what country is he in?