I tend to agree. But the guy has made successful transfers,in the p2p transfer thread.

Seems odd he would troll that hard

level?

Ban this mfer if he doesn't post proof.

No ***** cool at all

Has there been any story in the news of a poker player who committed suicide because of his balance on full tilt poker?

Not one report or link or news story or reference anywhere on the internet to back this up, but i suppose that's why he added "under the radar" so that when someone checked his BS claims he could cop out.

Love that it's also plural... not just one player committed suicide after black Friday, but several.

The thought has lingered in many minds Im sure.

Its tough to rebuild when some program steals your life.

This is no joke.

And why did this guy say cashout finally after 10 months? stupid spoiling troll!

not a joke eh this issue!

U are obviously clueless. I can explain why but would take too much brain power.

I figured I'd post this response I got from the KGC a few days ago for its comedic value.




Hello ******

The truth right now is we don't know. Our legal counsel is in touch with the representative of the DoJ who is dealing with the case. I know they had hoped to have judgement and a resolution weeks ago. Since then there appears to be other claims which is delaying the judgement. We were told their original intention was to distribute collected funds to the players treating US and NonUSA players the same.
We are almost as much in the dark on this as you are. Please be assured we will let you know as soon as we receive information, but the way it seems to be at the moment, you may well hear before the Commission does.
Regards
Micki
Dispute Management
Kahnawake Gaming Commission
www.gamingcommission.ca
Email: complaints@gamingcommission.ca

More grammatical errors in there than truth

Pick on someone for their grammar and make a mistake yourself doing it.

I have not said much lately but I am very surprised that the DOJ is going to bat for Brent Beckley to get him a shorter sentence when this place was more of a "ponzi scheme" than FTP was. I wonder why they are out for FTP but not AP/UB.

Touche... was more trying to say that his email was bogus

We don't know if the distinction is between FTP and AP/UB or between Bitar and Beckley.

Fair enough, but a simple Google search would show AP/UB were far more scumbag than FTP was. The feds must know this. They are begging the court for Beckley to get a short sentence when Scott Tom is still (presumably) MIA. That strikes me as odd.

I talked a lot with Brent in their early days when I was heavily involved in their prop program and I always liked him so I am not hoping he gets more jailtime than the deal says. The situation just strikes me as odd that FTP/Bitar are getting extra scrutiny when AP/UB did far worse.

FTP stole $350 million, how is AP/UB worse?

I think the base-intent of UB/AP is probably worse. Correct me if I'm wrong, but doesn't it seem like they very likely had the money to pay, and just jacked it??

I mean we're just covering player deposits here, but they didn't have a shortfall collecting depos right? (They were def a profitable company). So, I know they said they were losing more or something (lol)- but we all think they just outright stole the money right?

First off, Brent was not one of the four original AP owners at SGS. If he became an owner, that came later. Second, he is extremely well-liked and a family man. Third, it is likely he doesn't have the same kind of hidden assets the ftp guys have (or that scott/hilt/shane/garin prolly have).

All of this is to say that Brent may have provided more info on tom, tatum and the asset trail than has bitar on lederer/ferguson. As for AP being more of a ponzi scheme, I probably disagree. In these cases, you can probably substitute the term "fractional banking" for ponzi scheme.

The AP guys were suckered into a bad merger with a toxic partner (UB), becoming more evil in self-defense or because UB suggested it or because it just looked like fun. Clearly they sucked at hustling, getting caught almost immediately. The dollar amounts in the UB coverup forced them to take a line that prevented the room from recovering. Their high value rake traffic never returned to even half what it was, processing costs rose and they had two giant obligations to shareholders they could never meet. Facing those realities, they made the worst decision of all, drain player deposits using specious accounting entries like software development and consulting.

Grimard told me once about AP that he "couldn't make it interesting using actual facts" and I believe that to a degree.

Quote:
Originally Posted by gimmick122
But this is what I mean. By parading around in public like a doofus, Sebok became the scapegoat for all the others who continued representing UB despite these issues. Even with Sebok trying to cover them up, those issues were still clearly public knowledge, so Hellmuth etc. were giving tacit approval by silently staying on and profiting from UB while this stuff was out there.

Hellmuth was a major owner in UB who continued to draw two separate payouts from his stake this year, one in Feb and one in June. He apparently notified other shareholders that they would also be getting money from the payouts and some of the shareholders held positions that enabled, facilitated or otherwise failed to prevent the cheating at UB. The significance of cashing those checks this year is lost on some, but when you consider that it is clear that the company paid players far less than was actually stolen, none of that money should have went to shareholders and definitely not shareholders that allowed/caused the crimes in the first place.

Moreover, Hellmuth's reputation was traded on heavily by the company both pre and post cheating discovery. He knew Russ Hamilton for over 20 years and called him one of his best friends in 2007. He also called Greg Pierson one of his best friends. When cheating became known, Mr. Hellmuth first relayed what later turned out to be false reports of the extent of the cheating to this forum. When it became clear the company was slow walking the investigation in order to match what forum investigators discovered, he stopped his own involvement and turned it over to Paul Leggett. If his reputation is so important to him, how come he has never come to the mic and demanded that Pierson provide the backups we all know exist? Why hasn't he stepped forward and demanded public audits of the investigation and payouts be released? Why when asked about the case did he respond that he believed in innocent until proven guilty, yet decided that finding who was guilty at a company he helped found was not terribly important?
--------------------------------------------------------------------------------
Last edited by ElevenGrover; Yesterday at 01:09 PM.


Did everyone see this post in the Joe Sebok thread from Eleven Grover, pretty gross that Hellmuth and the other Shareholders made some money off this whole mess

http://www.youtube.com/watch?v=xDs89CLxjno

Good job ElevenGrover!

Great post + great interview. Thanks elevengrover.

To be honest abe... Never

Nicely Done elevengrover.
+1

Abe? LOL AP is KAPUT.
Hooters up in the rhubarb my friend.

I should have a formal announcement on the project later this week. Combing through the footage we shot at WSOP now. Here's a funny clip from a 2+2er who I have great respect for, he did such a great job for the players back in the day and now for our project.



I guess its harder when you can't see the cards or something...

+1. Thanks Scott, great stuff.
Have resigned myself to the fact that my $20K is gone but it'll be good to see you make those responsible squirm.

Great interview and I look forward to seeing your work in the near future. I will be happy to promote it to the best of my ability on my websites if you let me know how.

I wish I had gone to the WSOP to meet up with the QJ crew. I only live 8 miles from Rio but work had me overloaded this summer with so many writers covering the WSOP.

so,if i understand this correctlly,you are saying that PHIL HELLMUTH still get some shares of money from what was stuck at AP-UB,as he is the one of biggest shareholders???so,february and june???thanks in advance for your answer