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The Lederer Files (Interview w/ PokerNews) The Lederer Files (Interview w/ PokerNews)

09-17-2012 , 11:13 AM
Quote:
Originally Posted by PFUNK
@Howard: Why weren't players accounts segregated from operational accounts of the company from day ONE?

This has to be like on page 1 in the book of "how to run a legitimate operation"....easily the first few sentences in that book.

You NEVER co-mingle clients funds with the company's.
He'll either say he thought they were or he can't answer because his lawyer told him not to.
The Lederer Files (Interview w/ PokerNews) Quote
09-17-2012 , 11:13 AM
Howard- if US players aren't fully compensated (meaning in dollars and valuable Full Tilt points) will you do anything to try and make it right?
The Lederer Files (Interview w/ PokerNews) Quote
09-17-2012 , 11:16 AM
Howard, why would a company loan millions to degen gamblers with no means to pay the funds back?
Also any chance seeing the money in "limbo", thus requested as payout before BF, debited from acct, and never rec'd check?
Thanks in advance for your kind response.
The Lederer Files (Interview w/ PokerNews) Quote
09-17-2012 , 11:32 AM
Quote:
Originally Posted by mikeyfan420
Howard, why would a company loan millions to degen gamblers with no means to pay the funds back? I'll be Howard...."because they had means to pay the funds back. It was akin to giving an employee an advance on his pay check.
Also any chance seeing the money in "limbo", thus requested as payout before BF, debited from acct, and never rec'd check? Sorry no chance. You're Pokerstars problem now.
Thanks in advance for your kind response.
You're welcome. You sound like a nice guy. Will you be my one friend in the poker community?
The Lederer Files (Interview w/ PokerNews) Quote
09-17-2012 , 11:46 AM
4500 square feet guest house. what a douche.
The Lederer Files (Interview w/ PokerNews) Quote
09-17-2012 , 11:50 AM
Quote:
Originally Posted by synth_floyd
Does anyone think the interview will actually bring about any news or that he'll admit to anything? There was a recent interview on Diamondflush with Andy Bloch and his answer to everything basically was "I didn't know the whole truth. I tried to help fix the situation but couldn't." Not to imply that he was lying but it was just a very uninformative interview. I assume the Lederer interview(s) will be the same, especially because he's under legal threat and most likely super lawyer-ed up.
Agreed. The Alan Boston Pokercast interview already gives everything you'll hear or read in the upcoming one.

1. HL left active management of FTP in 2008. The company had plenty of money to pay back everyone at that time.

2. HL was as shocked as everyone else after BF that FTP had no money.

3. HL worked hard to make sure there was a deal to get everyone's money back after he learned this.

4. Ray Bitar was running everything and was lying to me.

The most interesting question I think would actually be to Mason Malmuth: After 2008, did you ever have a business meeting with Howard Lederer representing FTP or a subsiderary of FTP?

If the answer is yes, then HL's defense crumbles. MM knows whether HL's probable defense is a lie or not. Be good for him to be up front about it.
The Lederer Files (Interview w/ PokerNews) Quote
09-17-2012 , 12:06 PM
I'm fairly sure we shouldn't expect Howard to take much (if any) responsibility. The long and short of either interview is probably going to be something along the lines of: 'I'm very sorry about everything that happened, however all was peachy when I was running things and the majority of the mistakes that were made leading up to this fiasco were not under my supervision. Ray is the one you want. Please can I come back now?'
The Lederer Files (Interview w/ PokerNews) Quote
09-17-2012 , 12:08 PM
Quote:
Originally Posted by joeyrulesall
Howard I know you are going to claim ignorance and innocence but is it just a coincidence that some of the biggest scams in poker history, you and your sister are involved in?
And this.
The Lederer Files (Interview w/ PokerNews) Quote
09-17-2012 , 12:08 PM
Quote:
Originally Posted by Stoichkov130
I really don't think that we will learn much from these interviews.
Howard will be very evasive when asked any difficult questions, just like a politician does.
He hid away like a fugitive for 18 months, hes not going to come clean now and tell all.
i have to agree to an extent here. he's still in court over these issues and he has been silent for a year and a half for that reason.

on the other hand he is going to speak which leads me to believe he has something to get off his chest or he knows he's going to jail and may as well just say it all now.
The Lederer Files (Interview w/ PokerNews) Quote
09-17-2012 , 12:49 PM
Is Howard really going to answer anything with detail or be honest in ANYWAY that puts him in a bad spot?

He is still involved in a court case. Even if he wasnt- would anyone expect him to be truthful or is it better for him to put a huge spin on things especially since everyone knows Ray will NOT be giving any interviews.

I hope if there is a Howard interview that it is not the type of questions in the Bloch/DF interview. I would like to see some harder more direct questions. A few that I would like:

1) When was the first time you knew that player funds were no longer on hand?

2) It has been spoken about numerous times on here that people were having funds seized or accounts suspended (with money held) by FTP security for little or no reason. Did you know about this and if so- did you act on it?

3) Andy said in his interview that there were questions in regards to sensitive issues with the running of ftp that he received and forwarded to you- what did you do with these emails and did you act on them?

4) Eli E. mentioned on HS poker or poker after dark that he had a lot of different accounts on fulltilt- fairly common knowledge that many of your other red pro's did also. What was the policy for your pros? Was this policy different for people who were not your pros?

5) Why did you decide not to give any statement at all for 2 years?

6) Exactly how often did you speak or email with Ray Bitar the year prior to Black Friday? How many times were you at Dublin HQ in the year prior to Black Friday?
The Lederer Files (Interview w/ PokerNews) Quote
09-17-2012 , 01:14 PM
live interview with quadjacks would be funny
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09-17-2012 , 01:22 PM
I expect a lot of no comment. As others have said here, HL is probably not allowed to say much of anything.
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09-17-2012 , 01:26 PM
Quote:
Originally Posted by joeyrulesall
Howard I know you are going to claim ignorance and innocence but is it just a coincidence that some of the biggest scams in poker history, you and your sister are involved in?
This
The Lederer Files (Interview w/ PokerNews) Quote
09-17-2012 , 03:19 PM
http://www.pokernews.com/news/2012/0...tion-13421.htm

Part 1 of interview to be released tomorrow.
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09-17-2012 , 03:23 PM
Quote:
Originally Posted by AEPpoker
this isnt nearly as easy as you think.
saw some american greed show where this guy had like 6 million in gold and silver in a porche which he had parked in some downtown parking garage in Chicago. He remembered having to drag the safes to the car it was so heavy. Prob not that hard for someone with illegal funds to hide 5+ million
The Lederer Files (Interview w/ PokerNews) Quote
09-17-2012 , 03:24 PM
Wow this should be good. Seven hours of interviews.
The Lederer Files (Interview w/ PokerNews) Quote
09-17-2012 , 03:35 PM
Why don't they just release all the hours unedited? Seems to me to be best.
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09-17-2012 , 04:22 PM
I am genuinely excited to see all parts of this PokerNews interview, and anyone who has truly witnessed (let alone had to live through) the entire post-Black Friday agony should be as eager. Suspend your prejudice until you've actually seen the damned thing. Howard Lederer was and remains one of the most important protagonists of the Full Tilt Poker tragedy, and if you think you are already above SEVEN HOURS of footage you have no knowledge of yet whatsoever, you do not take the subject seriously at all.

Since Black Friday, one of the most serious and, unlike many of the other speculative ones, credible charges you could press against Lederer was that he had put the community indefinitely on hold. This will no longer be the case after this interview, and thus it qualifies as an important development of the saga IMO.

I'm rooting for the 2+2 Q&A to be a success too. Since I expect that a new thread would be made specifically for such a well, I am curious if questions posted in this thread will carry over or not.

Quote:
Originally Posted by sirswish6
live interview with quadjacks would be funny
You first.
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09-17-2012 , 04:25 PM
Quote:
Originally Posted by whosnext
Why don't they just release all the hours unedited? Seems to me to be best.

Traffic and ad revenue brah.... People want to read this so cut it up into as many parts and slowly release it knowing it will draw a lot of traffic...
The Lederer Files (Interview w/ PokerNews) Quote
09-17-2012 , 04:32 PM
Quote:
Originally Posted by BustedNuts16
saw some american greed show where this guy had like 6 million in gold and silver in a porche which he had parked in some downtown parking garage in Chicago. He remembered having to drag the safes to the car it was so heavy. Prob not that hard for someone with illegal funds to hide 5+ million
probably not... but the money isnt doing you much good if youre hiding it in a car somewhere. If he actually wants to spend it thats another story.

So if you have 5 million, and you cant really spend it, do you really have 5 million?
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09-17-2012 , 04:34 PM
Quote:
Originally Posted by Kevmath
Very excited for this. I hope it deserves as much hype as Pokernews is giving it.
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09-17-2012 , 04:35 PM
Quote:
Originally Posted by NewLiveFish
The most interesting question I think would actually be to Mason Malmuth: After 2008, did you ever have a business meeting with Howard Lederer representing FTP or a subsiderary of FTP?

If the answer is yes, then HL's defense crumbles. MM knows whether HL's probable defense is a lie or not. Be good for him to be up front about it.
The only time we met with Howard was in early 2007 to discuss issues with the PPA which was banned from 2+2 at that time. Other than that, I did have a couple of phone conversations with him concerning whether a poster who was using the name Howard Lederer was really him, and it was not.

So the answer to your question is no.

Best wishes,
Mason
The Lederer Files (Interview w/ PokerNews) Quote
09-17-2012 , 04:38 PM
During my initial conversation with Lederer, I made it clear that if he was looking for an outlet to make this easy on him in return for the opportunity to run a story, then we were not interested.

Read more: http://www.pokernews.com/news/2012/0...tion-13421.htm


I only wish PokerNews included voiceover commentary from a Polygraph expert. Regardless, this should be good.

Last edited by aiminglow; 09-17-2012 at 04:44 PM.
The Lederer Files (Interview w/ PokerNews) Quote
09-17-2012 , 04:47 PM
Questions:

Re: FTP and its associated companies.

Are you aware of the total amount of distributions (dividends/debt repayments/loans advanced) to shareholders in the Financial Year prior to and including that of Black Friday? i.e. 2009-2010 and 2010-2011.

Can you inform the poker community of any board deliberations about shareholder distributions c 2009-2011?

What was your attitude to shareholder distributions during this period?

Did you or the board ever seek independent audits of the company accounts?
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