Regarding PI:
Specifically we know that:
” According to the agreement, if Phil Ivey stops receiving funds from Tiltware, Luciaetta Ivey’s alimony “will cease.” (
http://www.lvrj.com/news/ex-wife-of-...135846023.html)
We know at this time:
-PI is trying to get out of the Tiltware “golden handcuffs” to generate income, presumably from another deal (but does not want to give up the shares.) If PI had voluntarily relinquished his FTP holding I would presume this would have posed problems for the divorce settlement.
-He wants a big loan.
-Whatever his motivation with the lawsuit it does not seem that FTP solvency was his primary goal.
-Is it legal to use an attorney you have paid for to structure alimony for your ex-wife to derive from a company whose interests you are actively trying to hurt?
-At what point can we say he has a very real -EV gambling problem? $1m sport bets at -110? Flying a private jet for one-hour losing craps sessions? A London casino holds your winnings when you do score because they are mad you did not gamble more?
And since I actually like PI, these questions:
-If he was under a non-disclosure that prevented him from telling the world that FTP was taking deposits in June '11 when it was insolvent what could he do to try to stop the company? Sue them and take away their best marketing asset?
-Once the AGCC does the dirty work and stops the deposits he then tries to then help the company by agreeing to Transition 2.0 etc?
-They are trying to blame HIM for the failure of the company when he brought in more deposits than everyone else combined?
-We are shocked that a guy who plays at his stakes had a lot of loans? What is the std dev of his bankroll if you include his craps play? Maybe get him in GA, but blame him for the demise of the company?