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Old 10-21-2011, 09:39 AM   #1
American Express
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Exclamation Former FTP employee speaks on Swedish Forum

A former FTP Employee (it looks like he had semi-executive position re marketing on Scandinavia) has a well on a Swedish poker forum:

http://pokerforum.nu/forum/full-tilt...na-fragor.html

Much discussions about the true location of FTP headquarters (since Swedish IRS claims winnings from FTP was to be taxed, but if it could be proved that FTP was run from Dublin, FTP winnings would be tax free in Sweden).

All Swedes speak and read English, so I guess you can join the discussions if you want.

Also, the moderators of the forum has somehow confirmed his FTP status.

Enjoy.
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Old 10-21-2011, 09:53 AM   #2
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Re: Former FTP employee speaks on Swedish Forum

google translator sucks reading those threads is like plying a guessing game i wonder if translating to german then to english would give better results
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Old 10-21-2011, 09:55 AM   #3
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Re: Former FTP employee speaks on Swedish Forum

I really wish I could read this stuff
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Old 10-21-2011, 10:16 AM   #4
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Well until someone better than google translate actually translates this isn't readable.
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Old 10-21-2011, 10:17 AM   #5
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Re: Former FTP employee speaks on Swedish Forum

I can translate, reading it now to pick interesting parts
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Old 10-21-2011, 10:30 AM   #6
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Re: Former FTP employee speaks on Swedish Forum

Question:
Quote:
Hur träffsäkert skulle du säga att pokermedia iallmänhet är när det kommer till att rapportera om FTP? Subject:Poker?

How accurate would you say the poker media in general are in their reports about FTP? Subjcet: Poker?

Vad gör dom ~250 personer som arbetar hos FTP om dagarna?

What are the ~250 current ftp employes working on?
Answer:

Quote:
Jag tycker att pokermedia i allmänhet är bra. Det är flera gånger som vi anställda har fått information från tex Subject Poker innan vi har hört något från företagsledningen. Svensk pokermedia rapporterar dock något långsamt.

I think the media are doing a good job. On many occasions we as employees have recieved information from the media prior to recieving it from the management.
Swedish poker media are slow.


De ca 250 som är kvar jobbar med förberedelser för en eventuell lansering. Det finns även många projekt inom tex produktutveckling som har blivit liggande som nu har kommit upp till ytan. Men om sanningen ska fram är det väldigt lågt tempo och låg arbetsmoral. Det finns säkert några team som behövs vid drift men som nu inte gör någonting. Personligen jobbade jag mycket med strategier för framtiden men utan budget blir det mindre kul.


The 250 employes are working on preparations for an eventual launch. Other projects, such as product development are also getting some attention. But overall the morale is low and the tempo is slow. There's probably a staff team designated to run the site, but as of now they are doing nothing. I Personally worked with strategies for the future, not a lot of fun now with the budget cutbacks
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Old 10-21-2011, 10:33 AM   #7
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Re: Former FTP employee speaks on Swedish Forum

Question:
Quote:
Vad ger du för spontant för odds på att Tapie-investeringen går som folk hoppas?

What odds would you give on the Tapie-investement going through?
Answer:
Quote:
Jag vill inte uttala mig om chanserna med Tapie. Om FTP kommer tillbaka kommer det ta minst 3 månader till.

I don't want to comment on the chances with Tapie. If FTP returns, it will take at least another 3 months.
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Old 10-21-2011, 10:41 AM   #8
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Re: Former FTP employee speaks on Swedish Forum

Question:

Quote:
Vad tror du om FTP:s framtid om det blir Tapie med flera som tar över? Är det business as usual och spelarna får tillbaka sina pengar eller hur kommer det att se ut?

What do you think will be the future of FTP if Tapie etc take over? Is it business as usual and will the players get their money back or what will it look like?
Answer:
Quote:
Kravet för att det ska bli en deal är att investeraren har tillräckligt med pengar till att betala alla spelarna, eventuella böter samt att driva företaget vidare. Jag tycker att det känns oroväckande att Tapie har presenterat ett förslag där spelare ska kunna få aktier istället för de pengar de har på sina konton. En deal jag personligen aldrig hade gått med på.

Jag tror att Full Tilt Poker kan överleva även om det blir tufft. Det har de dock räknat med och de har en klar plan över vad de ska göra vi en eventuell relaunch. De har enligt mig och många andra en överlägsen produkt men förtroendet har tagit skada. Dessutom har mycket kompetens försvunnit från företaget. Utöver detta är det business as usual men förstås med fokus på Europa, Ryssland och senare Sydamerika.

A deal requires that the invester has enough money to pay back all the players, pay fines and continue running the company. I think it's concerning that Tapie has presented an idea where players will recieve shares instead of money. A deal I personally wouldn't take.

I think FTP can survive, even though it will be hard. They are however counting on it to be hard and they have a clear plan on what to do on a relaunch. IMO they have a superiour product but their trust is severely damaged. Also a lot of competent people have left the company. Apart from this, it will be business as usual but of course with focus on Europe, Russia and later on South america.
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Old 10-21-2011, 10:46 AM   #9
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Re: Former FTP employee speaks on Swedish Forum

It is indeed a very good read. Any translations made will probably be greatly apreciated , perhaps someone can pay rando swedish busto to sit down and translate it all? I would do it for free if it werent weekend and all, perhaps later next week if interest is still boiling by then. Most of the questioners seems well up to date with the issue with ftp aswell so its not the random retardquestions he gets either.

His identity is confirmed legit, so its the real thing.
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Old 10-21-2011, 10:47 AM   #10
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Re: Former FTP employee speaks on Swedish Forum

ty a lot Vega
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Old 10-21-2011, 10:51 AM   #11
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Re: Former FTP employee speaks on Swedish Forum

Quote:
När de slutade servera mat på jobbet gick det fortfarande kökspersonal med bl.a. hummer och sushi till ägarna. Tro mig, det sticker i ögonen på folk.

It basically says that after food had stopped being served to employees, the kitchenstaff was still bringing up sushi and lobster to the owners offices.

Safe to say Ray Bitar really is the fat, lobster munching pos we always suspected him for.
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Old 10-21-2011, 10:56 AM   #12
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Re: Former FTP employee speaks on Swedish Forum

Question:
Quote:
Tror du verkligen FTP kommer kunna få sitt företroende tillbaka?

Hade du som anställd några misstankar om att fuffens föregicks innan bubblan sprack?

Do you really think FTP will be able to regain trust?

Did you as an employe have any idea of the mischief that was going on, before the bubble burst?

Quote:
Jag tror att Full Tilt Poker kan få tillbaka sitt förtroende men det kommer ta väldigt lång tid. Det krävs en seriös investerare som förstår sig på branschen och att den nuvarande ledningen ersätts av en ny, samt att man lyckas locka till sig bra personal igen. Dessutom är det många som förknippar FTP med Howard och Chris bl.a. Personer som har svikit spelare såväl som anställda. De måste tvätta bort dessa namn.

I think FTP will be able to regain their trust. But it will take a long time. It requires a serious investor who understands the business and that the current management is replaced with new, competent staff. At the same time many people associate FTP with Howard and Chris etc. People who have betrayed both players and staff. They must wash these names away.


Man är idag en 1/3 av den tidigare personalstyrkan och folk slutar hela tiden. Jag önskar att jag kunde vara stolt över att ha arbetat där men nu får jag dessvärre skämmas även om jag och de flesta av mina kollegor inte har gjort något fel. Det är ingen tröst kanske men glöm inte bort att vi som var/är anställda känner oss minst lika lurade som er spelare som har pengar på FTP.

Today only 1/3 of the staff remains and more people keep quitting. I wish I could be proud of working with FTP but today I am ashamed. Even though me and most of my colleagues has done nothing wrong. It may not be much comfort, but remember that us employees felt just as betrayed as you players


Jag har varit med i branschen länge och förstod såklart att de efter UIGEA lagen 2006 måste ha börjat sköta inbetalningarna från US spelare på ett sätt som inte är riktigt. Hur det gick till visste jag inte och ärligt talat var det inget jag reflekterade över. Det hade ju pågått i flera år innan jag började och andra bolag som tex PS var också kvar i US. Dessvärre blir man blåögd när allt fungerar bra. Jag har lärt mig en nyttig läxa.
Utöver detta tyckte jag att det var konstigt att det var nästintill omöjligt att få fram diverse resultatsiffror som enligt mig är avgörande för att göra ett bra jobb.

I've been in this business for a long time. And I of course realized that after the UIEGA law passed in 2006, they handled the US deposits in a way that wasn't proper. How they did it I never knew, and it wasnt something I thought much about. It had been going on for years before I started and other companies like PS were also still on the US market. Unfortunately you get naive when everything is going well. I've learned an important lesson.
Apart from this I found it peculiar that it was almost impossible to get hold of result numbers that were important for me to my job well.
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Old 10-21-2011, 11:04 AM   #13
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Re: Former FTP employee speaks on Swedish Forum

Getting kinda stressed if I miss anything or translate wrong please correct me:

Question:
Quote:
Fast den enda fråga som torde kunna vara mer relevant är väl om spelarna kan få tillbaka sina pengar?

But the only question that would be more releveant is if the players will get their money back?
Quote:
Jag vågar påstå att det nu ligger i Department of Justice, DOJ's händer. Det är självfallet ägarnas fel att situationen är som den är men DOJ har förvärrat situationen rejält. Alderney kände sig alltför pressade när DOJ kom med sina anklagelser och drog tillbaka licensen. De kommer aldrig återge den innan spelarna har fått betalt och DOJ kommer i sin tur inte gå med på en uppgörelse med FTP innan de har betalat tillbaka spelarna.

DOJ har fryst företagets tillgångar vilket har gjort det omöjligt att driva företaget normalt. De säkerställer hellre att de själva får in skadeståndspengar än att spelarna får betalt. Jag kanske är naiv men om nu DOJ arbetar för spelarnas bästa, vilket det uppger att det gör (och inte bara vill driva in pengar till staten vilket det mesta tyder på) tycker jag att de borde ha låtit FTP fortsätta med businessen utanför US med en tillfällig ledning. På så sätt hade kapital kommit in så spelarna hade kunnat få sina pengar. När spelarnas pengar har säkrats skulle de kunna gå vidare med sina processer. Detta är naturligtvis bara min åsikt om hur det borde ha lösts om man ser till spelarnas bästa. Men som sagt, det är ägarna som har satt företaget i situationen

I dare say the issue is now in the hands of the DOJ. It's of course the owner's fault that the situation is what it is, but the DOJ has made it a lot worse. Alderney felt too pressured when the DOJ filed their complaints and revoked the license. They will never give it back unless the players get paid, and the DOJ will not agree to a deal before FTP has paid the players.

The DOJ froze the company assets which made it impossible to run the company. They are more eager to get the money from the fines, rather than the players getting their money back. Maybe I'm naive but if the DOJ are working in the interest of the players, which they claim to do (and are not just looking to earn money for the governement, which it seems like) then I think they should've let FTP continue with their business outside of US, with a temporary management. That way the capital earned could've paid the players. After the players money had been secured they could've moved on with business. But like I said, the owner's are to blame.
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Old 10-21-2011, 11:06 AM   #14
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Re: Former FTP employee speaks on Swedish Forum

Question:
Quote:
Har du hört några rykten om vad Lederer och Jesus pysslar med nu för tiden?

Have you heard any rumours on what Lederer and Jesus are up to nowadays?
Answer:
Quote:
Chris "Jesus" är i Dublin. Jag såg han på jobbet förra veckan. Du hittar honom på soffan i Ray Bitars kontor. Chris håller allmänt låg profil. Howard har jag inte sett på länge.

Chris "Jesus" is in Dublin. I saw him at work last week. You'll find him on the couch in Ray Bitar's office. Chris is keeping a low profile in general. I haven't sen Howard in a long time
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Old 10-21-2011, 11:10 AM   #15
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Re: Former FTP employee speaks on Swedish Forum

Lot's of less relevant questions about taxation in Sweden and general work climate at FTP, not translating those.
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Old 10-21-2011, 11:12 AM   #16
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Re: Former FTP employee speaks on Swedish Forum

Thanks Vega.
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Old 10-21-2011, 11:17 AM   #17
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Re: Former FTP employee speaks on Swedish Forum

Way to go vega! Good job. Thanks man.
(Even though i am a Guile fan myself)
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Old 10-21-2011, 11:18 AM   #18
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Re: Former FTP employee speaks on Swedish Forum

Quote:
Originally Posted by -Vega- View Post
You'll find him on the couch in Ray Bitar's office
Easily the best insight so far.
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Old 10-21-2011, 11:19 AM   #19
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Re: Former FTP employee speaks on Swedish Forum

Your efforts are greatly appreciated, Vega.
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Old 10-21-2011, 11:20 AM   #20
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Re: Former FTP employee speaks on Swedish Forum

Guile theme goes with anything

Question:
Quote:
Sex sidor och inte ett ord om Phil Ivey?
Allt skvaller om mannen myten legenden mottas tacksamt

Six pages and not a word on Phil Ivey?
Any gossip about the man, the myth, the legend is welcome
Quote:
Jag har inte så mycket skvaller att komma med om Ivey. Till skillnad från de flesta andra i från pro teamet har han inte visat sig speciellt mycket på kontoret. Jag vet att han har varit där i samband med förhandlingar med en potentiell investerare som han själv tog in. Jag kan tänka mig att det var Jack Binion men jag vet inte. Det kan mycket väl ha varit någon helt okänd.

Ivey tog snabbt avstånd till FTP efter att skandalen uppdagats för att rädda sitt eget skinn. Tyvärr förvärrade det läget för FTP och de spelarna som pengar på kontona. Ivey är (eller var iaf då) skyldig FTP miljontals dollar (exakt summa finns säkert i något dokument från DoJ). Pengar som han har lånat för att spela med på sidan. Observera att det inte behöver betyda att han är gul. Det var först när detta blev kännt för allmänheten som han själv började engagera sig i arbetet med att hitta investerare.


I don't have much gossip on Ivey. Unlike most of the pro team he hasn't been around the office much. I know he's been there during negotiations with potential investors which he himself brought in. I imagine it was Jack Binion but I don't know. It might've been someone completely unknown.

Ivey quickly denounced FTP after the scandal, to save his own skin. Unfortunately it made matters worse for FTP and the players. Ivey is (or at least was) in millions of dollars of debt to FTP (exacty numbers are probably in some DOJ document). Money he borrowed to play with on the site [[sida could mean either side or site here]]. Note that it doesn't necessarily mean he's busto. It wasn't until all of this went public that he started looking for investors.
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Old 10-21-2011, 11:22 AM   #21
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Re: Former FTP employee speaks on Swedish Forum

cliffs on the general workclimate@FTP

ya, when FTP ran good. The job and workgroup he was in charge off didnt have a budget, and if they had it was so big they were never even close to it ever. It was awesome working for them then, and they basically had free fruit, free vendor machines everywhere and breakfast/lunch were free, when **** hit the fan as vegas said above, they cut all the food for the employees but still brought A+ food to the owners, that really annoyed the employees.


edit: Wanna highlight the fact that the FTP employee had seen Jack Binion at the HQ in dublin with his own eyes shortly after the shutdown, so he was indeed one of the early potential investors.
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Old 10-21-2011, 11:22 AM   #22
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Re: Former FTP employee speaks on Swedish Forum

Thanks, Vega.

Is there much more discussion of the potential takeover deal? I haven't followed that deal much since FTP as we knew it ain't ever coming back to the US if anywhere. I would like to get my money although the amount is just a night out for the family, and maybe not all the kids

The chances of getting money back from FTP have been discussed ad nauseum, but is there anything new at that site?

I suppose you would have posted more if there was more, but I didn't want to get too LC/NC here like certain action threads...
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Old 10-21-2011, 11:22 AM   #23
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Re: Former FTP employee speaks on Swedish Forum

TY , Great post
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Old 10-21-2011, 11:27 AM   #24
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Re: Former FTP employee speaks on Swedish Forum

ty Vega, your efforts are awesome
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Old 10-21-2011, 11:28 AM   #25
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Re: Former FTP employee speaks on Swedish Forum

Ty vega
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