Baazov officially dropped his bid to take the company public.

What he said... http://www.reuters.com/article/us-am...-idUSKBN1491GR

What happens with baazov now? Can he just sell the 15% or w/e stake he has in stars and cash out 500mil? If so that makes him the third biggest winner on pokerstars after the scheinbergs and the DOJ. Not a bad run at all.

Court date set for November


http://www.theglobeandmail.com/repor...ticle34168302/

Is shocker not.

https://calvinayre.com/2017/11/30/business/kenyan-charity-suing-amaya-ceo-baazov-embezzlement/


.

Linked from the above is another one we missed:

Dubai investor accuses ex-Amaya CEO David Baazov of fraud

https://calvinayre.com/2017/09/22/bu...-david-baazov/

That's apparently been a rumor for years that Josh/Ofer Baazov is one of the true owners of Amaya. Interesting on the report that Canadian authorities recovered a document showing such.

And per the Kenyan lottery scam, remember that Josh & his partner Craig Levett were accused of fraud by the US FTC for running a operation by phone where they'd get old people to pay to enter a "sweepstakes", never paying out any prizes.

It could all almost make one think the only reason this shady-looking company ever got funding/vouching for their original IPO (while being behind on debt payments) or the Pokerstars acquisition in the first place, is b/c there was a promise to the vouchers that they'd be able to personally profit on insider trading post-facto. A non-crazy person could subjectively guess such.

It seems the lawyers prosecuting the case against Baazov may not have been playing fair. They apparently withheld as many as 16 million files from the defense until late in the process, thus preventing the case from proceeding and creating the near certainty of a "Jordon" violation:

http://nationalpost.com/pmn/news-pmn...o-david-baazov

For those unfamiliar with Canadian law, the Jordon Decision (2016) holds that cases must be brought before the courts in a timely fashion, and sets out maximum limits for the amount of time that can pass between charge and prosecution.

The period has been proscribed as between 18 and 30 months, depending on factors like the type of charge, whether a preliminary hearing has taken place etc.

I'm not sure what the "Jordon" limit is in Baazov's case.

This is a serious issue for the Regulators as Courts across the country have had to kick hundreds of cases in the last year due to "Jordon" violations, including major cases for violent crimes like armed robbery, rape and murder.

Rigged.

what a surprise.

Due to his political connections I always assumed the punishment would be just a mere fine where he can ride off into the sunset a multi millionaire... but to get a free walk was even farther than I would have guessed.

If they are forced to end up "dropping" this case it just highlights a method of not prosecuting defendants but not looking overtly corrupt. Prosecutors can just state that there are too many cases and we only have man power for some of them and this one had to be pushed to the side for more important cases.

The Prosecutors have been playing pretty fast and loose. They have buried the Defense with over 16 million files released since mid-September, some as recently as Friday. The trial started Monday.

What could possibly be in that many files? It must be endless piles of drivel and trivia, with the four pieces of evidence the defense needs hidden somewhere in the middle of it.

BTW the "Jordon" limit in this case is 18 months, from charge to verdict.

Trial dropped by QC Judge

https://www.theglobeandmail.com/busi...g-trial-of-ex/

Can someone provide cliffs?

He's free because the government sent 320,000 documents to the defense... Ugh what?

https://www.onlinepokerreport.com/30...ges-dismissed/

Facts were as incriminating as you can imagine. Text messages with all the individuals colluding clear as day. Prosecutors still F'd it up. Wow. The most Canadian end to an insider trading scandal ever.

More details

Pretty much sums up my thoughts from 2016. The reality is the Crown sabotaged their case by throwing last minute "unfair documents" at the defense. This was done intentionally knowing the judge would call it unfair and therefore drop the case. These prosecuters all were told to do this and have likely political aspirations so they went along with the flow and justice won't be served due to "accident"

This has happened before and will happen again in both Canada and the US as long as "power groups" which control all political parties maintain their influence.

In the start I thought he'd face at least a fine to keep it respectable... but when I saw the last minute papers been thrown at the defense and them complaining I knew the work was done.

I don't know, I'm cynical myself but what proof do you have? I haven't seen anything to suggest that Baazov is powerful enough to get the type of treatment you take for granted in your post.

At least the logic in the U.S. cases usually stands up better to superficial inspection.

Prosecutor gave defense documents that defense was not allowed to get and, therefore, defense wins. What is that?

That can't be what happened. The article posted here that I read must be wrong or at least be leaving a lot out. Otherwise, it is just ridiculous.




EDIT:

Ok, your post is different from previous posts and the article I read. Previous posts and the article said defense accidentally got documents. Your post says defense got documents they should have gotten later than they should have gotten them. Your version would make more sense.

Putting rich people in jail for cheating at being rich is just too hard to do. The defense lawyers are very well paid and very good at their job, whereas the prosecutors are public servants, with decent wages and decent skills.

Rich person gets away with doing something bad? Huge shocker..

Stuff like that even happens in civilized parts of the world like Canada, not just in the US.

Bad public defenders < any prosecutor results in 5 years in jail for stealing a pair of shoes.
Expensive lawyer > any prosecutor results in getting away with almost anything.

"All animals are equal, but some animals are more equal than others." So disappointing that this happens.

Quebec is Canada's most corrupt Province to the point of being ... "rigged?"

Try buying a mortgage on a home in Canada and you need a 25% down payment for it to be deemed secure. That's on a house with real long term value.

Baazov managed to get a loan for 5 billion with a 1% down payment on a company that has huge risks. How many markets have pulled out? Who's to say Putin might not have a bad day and ban all Russia... or the EU, or the US might not accept them back ever.

The facts are Baazov used some nice family connections in the Montreal area whom have tremendous influence worldwide and got a loan which had it gone sour would have hurt ordinary Joe's.

The crown by giving papers at the last minute (which in a normal trial would be deemed unfair) intentionally f'd up their case because in Canada a defendant must face his justice within a 2 year period. By doing this it guarantees that Baazov doesn't do anything stupid during his case like mention some names that don't want to be mentioned.

I swear 2 months ago I talked to my Dad about this and we both agreed that this was going to end just like this. Truly sickening.

^^^^
Story checks out. Quebec is run by the mafia (no joke).