Baffling that Ferguson thought this was a good idea, suboptimal responses from Hellmuth and Fossilman.

It doesn't matter if someone is a nice guy who is/was your friend. I had it happen to me where a friend used my reference to get staked, then stole from my backer at the time and went on to steal from a bunch of other people in the poker community, needless to say he is no longer my friend.

At the end of the day, Ferguson would need to have not known that funds weren't segregated (which would make him incompetent) to not be entirely liable for what went down, if he knew the funds weren't segregated the rest is just levels of guilt and he's guilty. It doesn't matter that he's probably kind and generous to his friends, he was one of the main players in one of the biggest scandals in poker history, people would not have been made whole if Stars didn't bail everyone out with their settlement and Ferguson personally benefitted to the tune of millions. When I endorsed and was working with an online site a couple years ago I made viewing the segregated player balances a condition of my employment there and when the site shut down everyone was paid in full. That someone running a vastly larger company with ownership shares didn't do that is just absurd.

If he wants to tell his story he should tell it in full and provide proof of his version of events, as it stands he should remain an outcast in the poker community.

6 seconds for each year. Marie Antoinettesque.

Here it is, fast fwd'ed to the best part.



Jesus is truly an amazing person as evidenced by the following video.

That video is reminiscent of a hostage being forced to speak for the captors pleasure. If you look closely at the shadows in the background, you can barely make out a figure holding a card to CF's head off-camera, threatening to paper cut him if he didn't go along with the statement.

Just curious how businesses work. Why did Borders owe you $60,000. Do they not pay for the books they have in stock and are on sale or was it because they were obligated to purchase a certain amount from you and were unable to due to the bankruptcy?

Sick brag bro...who are you again? Are you the Asian guy, or the table-talk guy?

He's the guy who wears the dinosaur shades and uses a fossil as a card protector.

The good news is (if) he ever gets tired of stealing people's money...he may have a bright future in politics.


Ebulliently charismatic, yet also self-aware and empathetic.

*their

I lol'd , well played.

The thing to remember is that the money at Full Tilt wasn't "lost." They took it. Ferguson, Lederer and Ivey took it, in the tens of millions of dollar$, rumored as much or more than million dollar$ a month each over a period of years. They also gave piles of it to their friends; people like Lindgren, Matasow, Greenstein, Gordon and Harman got million$. So did others. Somehow, poor Cloney Gowan got stiffed. Only Ferguson and Lederer get blamed and the others get a pass, but lets be real about what happened to the money and who took it.

...and he still wears that stupid ****ing hat and trenchcoat.

When we received an order we would ship them books. Upon receiving the books, they had 90 days to pay. Thus we're always owed money from all our book buyers.

Mason

I'm not giving full benefit to anyone. I suggest you read my posts again.

Mason

Hi SrslySirius:

Just to follow this up a little more, it's my opinion that Hellmuth is quite foolish to make this statement. All it will do is open himself up to more questions which he himself, as far as I know, has never answered.

Best wishes,
Mason

Agreed, Mason. He's been taking a lot of heat for it. He claims that he addresses the UB situation in his recent autobiography, but I haven't read it or spoken to anyone who has.

Maybe he thinks that if Ferguson could be forgiven, his past would look relatively insignificant.

I assume it is because that he has made a lot of money from the advertising that Full Tilt used to do on here.

The 2 easiest words in the English language to say are "I'm sorry."
Actions speak a lot louder than words.

Ahh hell no. Shame on Chris and those coming to his defense now. yall soft, dont forgive him; thats a guilt he has to live with.

When i hear reports he is apologizing at every single table he sits at this summer then ill believe his sham apology.

Didn't it come out he took something like 30 million out after he found out all the money wasn't there?

You should at least have a lien on the books though, right? So when they can't pay, you get the books back, right (or at least as many of them as they didn't sell)? Or you included substitutes for the book on your lien, right? It isn't like you're a completely unsecured creditor. Is it? Did you not put a lien on the books and all blah blah blah that become substitute for the books? Are you really just an unsecured creditor of all places to whom you send books and haven't been paid yet? That's crazy ****.

It always find it when people write stuff like this. I hardly know Ferguson and have little understanding of what his role in FTP was. And yes FTP was a very good customer of 2+2.

Mason

Hi Leggo:

It doesn’t work that way. Even if Borders sold every one of our books, once they declared bankruptcy we would only get pennies on the dollar. In addition, in the book business, we get book returns all the time, and they’re often not in shape to be sold again, so we just throw them away.

Best wishes,
Mason

I figured it out!!!

Chris waited all these years so he would have time to create shill accounts that would appear to be genuine people who like/support his non revelation video.

Being a secured creditor actually is better than being an unsecured creditor in general. Secured creditors can get back that in which they have a security interest. Unsecured creditors are left to get back what is left, which can be pennies on the dollar.

I am not a bankruptcy expert though.

But you might want to look into your general practice of how you sell inventory to retailers without getting money immediately and without having a security interest in such inventory. Seems nuts to me to not at least try to put a lien on the inventory you sell for which you do not get immediate payment.



[EDIT: Maybe it was something that people never used to worry about with gigantic great companies like Borders or Barnes and Noble. I suppose I would say don't worry about it today with Amazon.]



SECOND EDIT:

You're welcome.