I guess it depends on how everything is set up probably. If Lederer et al only own shares in Tiltware/Pocket Kings which are software development/consultancy firms which license the software to FTP which is operated by Kolyma Corporation AVV, an Aruba based company. Now Gowen alleges that Ledererer et al owns shares in Kolyma as well, but that may not be the case. I know there was speculation at one point that Russians owned Kolyma because that is a region of Russia.

If you look at the UltimateBet set up from 2004-2006, Excapsa/Game Theory did the same thing more or less as Tiltware/Pocket Kings while eworldholdings (an Antiguan company) operated the site in the same manner that Kolyma presumably operates Full Tit.

I have no idea what you're babbling about. When defending against a complaint like this, the first thing you do is sit down and analyse every line in the documentation, brainstorming defense theories. A good defense is set up from the very beginning; you then know what you're shooting for in discovery. If discovery turns up something else, you should be flexible, but analysing every line in the complaint is not only routine, but absolutely essential. I will say that your post is true to your handle.

Doesn't really matter if she doesn't have **** imo, she's wielding the threat of exposure of FTPs money trails and things like a big hammer, they'll settle and we'll never hear about it again probably.

I wonder if she'll see this as her last big score and fade out of a poker scene as an outcast, or try and keep at it.

Howard Treesong: Question, since you're a lawyer (I think?)

What sort of UIGEA implications do you think a case like this might have for FTP, given that so much of the UIGEA still resides in that deeply gray 'test case' territory and there isn't much precedence to codify the legal language? I would imagine that this case is going to 'air a lot of dirty laundry', no? And can we safely assume that at some point, the DOJ is probably going to make some sort of a case (if they aren't already) against someone, eventually?

Could you forsee how Clownies case might snowball into a bigger UIGEA problem, or at least contribute to a UIGEA case the DOJ might make against the FTP crew?

perry friedman was the first employee hired and was the lead programmer

but seriously who is really going to read all that? *yawn* thank gawd for timers.... anal...ysing

30k for 1%. christ. what a steal that was.

They are playing the multiple shell corp game, its pretty common especially when a high risk of liability is a concern. Any decent corp attorney can setup something like this.

same can be said for any start up venture that exploded

Seems very likely...once the government gets involved and hawls Howard and Jesus to jail....

I haven't read the whole thread but my opinion is that this will settle out of court quickly and that Clonie will recieve a nice sum. FTP is not going to want this to linger. Give her what she's entitled to and get this out of the way.

Yeah, it's not really all that clear what the nature of the contract is that she's alleging. I interpreted as 1% share in the company in exchange for using her image and having he wear the gear indefinitely.

I'm not sure that it's definite about the greater than 1 year part as everyone else is saying. I honestly don't remember the rule about if it's indefinite how long performance will take at the time of drafting if that makes it count. I mean, is she really performing anything when they use her image on the web site? What if she never plays a tournament again?

By the way I'm not a lawyer, as my location says, just a 3L.

C'mon.. picture of Clonie looking like a zombie.. where are you?.. c'mon.. one time.. on time!!

regardless of how they 'set this up' if and when (and I bet on the when) the government gets involved, the excuse of 'well, we set this structure up so that we can avoid being an illegal entity' will not work...just because you use a crafty set of documents or jurisdictions and try to circumvent the laws, doesn't mean you're safe...this has been proven time and again against drug dealers, money launderers and others who DOJ deems people involved in illegal activities...

I think this is a mistake that Howard will end up regretting tremendously...he should have just paid Clonie off...

We don't really know if she sunk her own money into the site either.

There's no real way to know what FTP thought her endorsement would mean. We don't even really know how much her endorsement meant, it's impossible to find that out. She also took a risk by associating herself with the site, as it could have gone under and made her look bad etc. I don't think that argument about what FTP thought her endorsement would mean holds water. If they really did say 1%, it's 1%.

whats 1% worth now?

This is right, I was just responding why I didn't think there was an implicit contract for 20 million dollars.

Hey if you go to Suffolk law, do you know the chick in my avatar?

taking a shot at someone who brings knowledge and insight is just dumb. if you want to post try to be constructive.

At the time I thought it was a bad investment. Party was huge, Stars was big, and there were other sites doing very well. I didn't see how they would be able to get into the market. The money had huge risk, a start up in a market that had questionable room, and a lot of substantial competition.

turned out to be a better investment the UB

yesa masta

Couldn't they legally find other FTP pros incomes from FTP and go from there?

I hope everyone of them ends up in prison.

Noooooooooooooooooooo!!!!!! Not Patrik, he's to pretty for prison.

You seem to be in the know. My first thought is 30k doesn't seem to be that much to most of those people. I don't know a single one of them but if ,during the time the 30k was invested, those players weren't broke they'd throw the 30k out there not even thinking anything would come of it.

I can just see MM getting his first check and him forgetting he even invested into anything.