UltimateBet sues their software provider for 85m$ - Internet Poker

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UltimateBet sues their software provider for 85m$

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09-18-2008 , 05:24 PM

indianaV8

old hand

Join Date: Dec 2006 Posts: 1,385

This is breaking news on MSNBC today, that UltimateBet went to sue their software provider for 85 million US$, blaming them for the cheating that happaned over a period of 3 years.

http://www.msnbc.msn.com/id/26563848/

Lot's of 2+2-ers and stuff is cited in this news.

Reading the whole story - serious f***-up and damage for online poker in the face of the recreational fish, IMO. Still, bring up the popcorn, as this twist was at least new to me.

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Allegations that cheaters manipulated the software powering a leading Internet poker site so they could see their opponents' hole cards have triggered a $75 million claim against a Canadian company, msnbc.com has learned.

The alleged subterfuge on UltimateBet.com — one of the 10 top poker sites — is the biggest known case of fraud targeting an Internet gambling site and its customers, according to the company that owns the site. It is similar to a case of cheating that occurred last year on UltimateBet’s sister site, AbsolutePoker.com, but this time the thieves ran the scheme for far longer — at least from January 2005 to January 2008, it said.

Sorry if this was already posted elsewhere. I whore mostly the zoo, so I didn't look elsewhere, and tried search for 85 millions but didn't find a thread about this.

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09-18-2008 , 06:36 PM

cardman

old hand

Join Date: Mar 2007 Posts: 1,573

Interesting news story. I don't really frequent other forums either.

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09-18-2008 , 08:45 PM

xxx

veteran

Join Date: Oct 2003 Posts: 2,253

Wow. And who are the faces of fraudulent poker in the article? Phil and Annie.

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09-19-2008 , 01:57 AM

Cry Me A River

Orange is the new Green

Join Date: Jun 2004 Posts: 23,783

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The claim was filed by Blast-Off Ltd. of Malta, a private company that currently has an ownership interest in Ultimate Bet.

Hmm.. So much for Tokwiro owning UB and AP...

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09-19-2008 , 02:13 AM

Black Peter

veteran

Join Date: Sep 2004 Posts: 2,921

If they won, how much of the $85m would they give back to the victims? I'm guessing 0%.

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09-19-2008 , 05:25 AM

no eff eks

adept

Join Date: Oct 2007 Posts: 958

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Originally Posted by Cry Me A River

Hmm.. So much for Tokwiro owning UB and AP...

It says later on in the article that Tokwiro and Blast-Off Ltd. are basically one and the same.

I'm encouraged to see Blast-Off take some legal action here... This is probably the most positive thing that AP/UB have done since the AP scandal broke.

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09-19-2008 , 06:26 AM

DapsyD

grinder

Join Date: Mar 2008 Posts: 449

Doesn't Tom Scott or AJ Green work for Blast-Off?

So the cheaters are now suing the software company that allowed them to cheat in the first place.

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09-19-2008 , 08:03 AM

1p0kerboy

Carpal \'Tunnel

Join Date: Nov 2003 Posts: 11,797

Quote:

Originally Posted by Black Peter

If they won, how much of the $85m would they give back to the victims? I'm guessing 0%.

Didn't they already pay the victims back?

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09-19-2008 , 08:17 AM

pmarrsouth

Pooh-Bah

Join Date: Oct 2007 Posts: 4,154

Quote:

Originally Posted by 1p0kerboy

Didn't they already pay the victims back?

i believe they have stated that everyone has been paid back in full, but I know that many people are still saying they have gotten nothing, that UB wont give out HHs from the period, and that they are still with holding info.

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09-19-2008 , 12:29 PM

#10

Quagmyer

Carpal \'Tunnel

Join Date: May 2007 Posts: 8,252

this is pretty ridiculous. should x-post this in NVG, will get tons of views

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09-19-2008 , 01:48 PM

#11

no eff eks

adept

Join Date: Oct 2007 Posts: 958

Why is this ridiculous? WTF, how is this anything but a good sign?

Also, afaik UB has never said they have paid everyone back... in fact I believe they've said the opposite and there will be another round of payouts "soon".

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09-19-2008 , 01:58 PM

#12

moving shapes

veteran

Join Date: Sep 2006 Posts: 2,903

there is already a thread in nvg

it's kind of funny/sad that someone involved in this scandal (annie duke) was chosen to speak in front of congress to represent the poker industry.

/ nvg thread:
http://forumserver.twoplustwo.com/29...bc-com-302338/

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