Quote:
Originally Posted by BustedNuts16
i don't blame him - prob got 100-200k on the debt. He's in the hole pretty bad and it's not like he can just file for bankruptcy and move on from this.
Probably not. Definitely not. I'm pretty sure that the story involved Voulgaris setting Lindgren up with an account at an offshore sportsbook. The idea was that Lindgren would always pay because he had tremendous cash flow from Full Tilt. Voulgaris allegedly was an owner at this sportsbook and was trying to sell the company, so the more big players the better price he would get.
Well, things didn't turn out the way Voulgaris planned. Lingren didn't pay, and this allegedly had a negative effect on Voulgaris' attempt to sell the sportsbook, either compromising the deal entirely, or having the amount Lingren stiffed on being deducted from the final sales price.
In any even, things aren't always what they seem. Voulgaris isn't ever going to do anything for anybody without having some ulterior motive (like most of us all). He isn't just some guy who got hooked up with Lindgren and got taken advantage of, you know. There are always lots of moving parts when these financial geniuses in poker are involved.
Most all are involved in some type of affiliate, bookmaking, or sponsorship deals. That is where all of the money comes from....from the losers. That, and chasing businessmen around (somebody has to pay the bills).
Voulgaris may be one of the best NBA bettors ever, but nobody knows the real story, or whether it is a combination of betting and booking, or what. There is no doubt that he is likely the most knowledgeable NBA person around, as far as players and coaches are concerned.
He admitted this all in threads before. At the end of the day his debt was legitimate in a similar way that when bookie busts out a player over a period of time, and then the final payment is stiffed. Voulgaris took a shot to get some of that Full Tilt money, as he was still steaming from passing up on buying an ownership piece early on (he said as much). Sure, it would have been nice for Full Tilt to stay in business for a decade, and have Lindgren blow 20 million. But it didn't work out that way.
Whatever he thought was owed, he sure didn't get 100 or 200K. Maybe someone gave him 5K, but whatever the reason, Voulgaris washed his hands of it. To suggest that someone gave Voulgaris 100K or 200K for Lindgren's debt puts your post in the Hall of Fame, and it is not the good Hall of Fame.