Do people really believe he stole (walked away) with a bunch of money from Pokerspot?

That is true, though there is all kinds of information out already and anyone could build more, but 2+2 would be a good spot for such information as put together.

By the way, the small money people might have got paid off when the Dutch's site went down as I got 200-300, all the money I had there when it went down. All the people who had big money there likely didn't get paid.

Well, since there's nothing to believe in, because there's no doubt at all, the answer to this is no. He flat out stole money. Everyone knows it. He knows it. This is a fact and not something to be believed or not believed.

yes, but people are stupid. Not excusing him, he shoulda sold and paid off, but really he got ****ed over far worse than any player who had money there, cuz if their card processor hadnt ripped them off and forced a shutdown hed prolly be worth hundreds of millions by now. (Tho maybe not since the guys a nutjob and prolly would ****ed it up somehow, the point is still valid tho)

Anyway, piece of **** or not, it is pretty hilarious that they someone who graduated college at 13 or whatever, got turned down because they didnt have a GED.

Also pretty hillarious that it happened to dutch boyd.

Because he didn't walk away with cash, doesn't mean he didn't steal it.

Allow me to use a crude analogy.

You've got an invention for a new idea that you think will be revolutionary for an industry, say a new pizza cutter that will speed up production by cutting all slices at once.

You draw up the plans, and it will cost $10,000 to manufacture 1000 of these pizza cutters (minimum order). You only have $2,000.

You decide to spend that $2,000 on marketing, figuring once you get pre-orders you'll be set on the manufacturing.

So you accept orders of $15 each, but the marketing tops out at only 200 sales (of which one customer bought 100 of them), for a total of $3,000. All the while your customers are asking why they haven't received their pizza cutters. You keep telling them production is backed up and you'll get it out to them within a few weeks.

Now you start trying to find another way of getting the other $7,000 so you can get the cutters manufactured. More orders come in, so you take the money because, "why not?" Now you take that $3,000 and put it into more advertizements, but now you only sell 25 because your $15 pizza cutters are stupid and no one wants to buy them, and now that $3,000 looks like $375.

You decide, **** it, and give back 25 customers their $15, but you don't have the $3000 to pay your other 101 customers and tell them sorry, the manufacturer couldn't produce the cutters and you're out of business, but you will make them whole one day.

Then 3 years later, you hit a raffle for $8,000 and it so happens to be in the same room where your 101 customers are. You decide that if you paid out $3,000 to your customers it would only leave you with $5000, and $5000 after taxes isn't anything, so you tell them maybe another day if you hit a raffle for $100,000.

Do you think you wouldn't be a thief here?

He used player deposits for operational costs, and used player deposits to pay other players. In other words, no one on Pokerspot was using actual money - it was all virtual dollars.

how the hell did he go broke? from what I can recollect, wasn't it probably a drug addiction but he blamed it on some type of personality disorder? I remember watching a bit on it on espn during a wsop show

Serio?

Gambling.

Just because you have positive expectation doesn't mean you're +EV in every game, and managing upswings is harder for most players than managing downswings. Throw some mental disorders in there and you have a perfect recipe for going/staying broke.

He should stay far away from any gambling. Edges in gambling are always small, and it takes the right mentality to do it full-time. He doesn't have it. Anyone can learn to beat the game; managing the lifestyle and the money is a whole other skill that most fail at.

Boyd is just another dead soldier on the card room floor. Next...

I didn't read all that because it didn't look like it was going to end with your pizza guy ending up on some beach bathing in money. I asked if people thought if he walked away with a bunch of players money from Pokerspot.

You should probably read it because you're not smart enough to understand what Boyd did, so I dumbed it down for you. However, it was too verbose for you to follow, so my bad.

Basically, he spent players' money to fund the business. Everyone was effectively playing with monopoly money.

If you don't think that is stealing, then read the pizza cutter analogy. You will understand it. I have faith in you. Take some Adderall or whatever you need to take to focus for 90 seconds.

Actually thinking about it, it all sounds very familiar.

Guy starts site, processor rips site off, customers rips site off (phantom deposits/chagebacks on credit cards), site no longer has the money to pay out, owner makes questionable business decisions, everyone puts 100% of the blame on the person in charge of the site

Lol. So everyone is a thief except for the owner of the business?

Troll
Tard
Boyd

I can't tell.

I'm not saying Dutch didn't do anything wrong, I was just wondering if people thought he straight stole the money and cashed it out for himself. it seems that was the belief from reading most of the posts in the thread.

I get that he tried to save the business and wasn't ethical. He could have said, there is no money to pay, I'm out and he wouldn't be getting no better rap than he is now.

He kept accepting deposits to pay his bills. It doesn't matter if those bills were for his business or his house payment. It's stealing. How does this not make sense to you?

how does it not make sense to you that is not what I asked? Go back to my original post and reread it.

I read it. It's stupid. No one is saying he fled the business with millions of dollars. Apparently, you think it's just a "poor business decision" and not stealing when you take money from people to pay other people when the business is insolvent.

Look up 'check kiting' to get a simpler understanding of what he effectively was doing.

this

russkies boyd work for seal club = no good

brian micon own seal with club = disaster

http://forumserver.twoplustwo.com/28...7/index18.html

Call center is more than minimum wage. Some of those people can actually understand my phone bill. That's got to be worth at least twice minimum wage. Jokes aside though I can tell many of the people I talk to in call centers,for phone issues in particular, are people who have degrees. They have to be making more than minimum wage.

I think he doesn't have the other three said degrees because nobody is this dumb, even call center employees.

While it is amusing to continue the stereotype of idiot Americans and make up a fable of one denying someone for a job for "only" having a JD, I really have my doubts. The stupidity in America can certainly be mind blowing, but I don't think it would be possible from a major company to do this.

Also, in California the equivalency test (GED) allows you to leave school after 14, and there is absolutely no way an employer is checking on whether you have this or not.


Finally, I have never heard of a GED being an actual requirement a job either, rather just a soft requirement in advertizing so you don't get time wasters applying.

Myth Busted

Edit: Three Degrees

professionalpoker is the man. That is all.

CAN SOMEONE please shop a pic or make a gif for me....I'm thinkin of the fat kid who goes crazy and you see waffles pouring down the screen. But instead of waffles use bitcoins and have a pic of duch boyd spazzing out

baws

can't you fly to canada and stay there for a bit?

But how much did you lose?

He's never getting into Canada with any felony of violence or moral turpitude unless it has been a very long time and he pays a few grand to apply.

If you have a DUI anytime in your life you will just have to pay a few grand, but a DUI will definitely ban you from Canada until you get clearance. They tend to disregard other misdemeanors.

Most countries don't allow those with felony convictions to enter, but I have known people to get through the visa waiver countries with convictions ok. A lot of countries don't give any weight or trust the known biased US legal system so it can be not such a big deal to get a visa to some countries if you explain to the consul and you are a good guy.

Finally, a lot of people on probation are not allowed a passport, but the USA is actually pretty liberal for issuing passports and this is not such a big concern. In Russia you cannot leave country or get/renew a passport if you owe 5 rubles on your credit report, in the UAE you will go to prison until you pay off your debt even if the only way for you to pay off your debt is a job offer in another country.