vamoose I think you are over-estimating the ability of the rest of the world to pressure the United States.

Previously I wanted the entire world to get paid, but now, it seems there isn't much left to go around if we are going to get anything at all, and frankly, the rest of the world can still play online poker on the bigger and now much better pokerstars. Americans dont have that option, screw the RoW.

Sorry! Got football to watch. back in AM to see if anything exploded! You're right We should just take smartmouth and move on. No more from me I promise you!

You are clueless.

The DoJ would like nothing more than for FTP to be operating today outside the US and making billions doing so. The more money FTP makes, the more money they can hope to get in their court case so your claim that they intentionally struck when FTP was at its most broke makes no logical sense.

but guatemala is going demand the doj to return pablo's $2200

By what date do you believe a reasonable regulatory authority should have concluded that PS was engaging in bank fraud in the US?

Yep, cause we should pay you our hard earned because your government won't let you play online, makes sense.

Posts like this do my head in. With all the rampant posts about FTP being crooks and thieves and ruining people's lives, it seems that if the shoe was on the other foot some people would happily act in the same way just to see their money again.

Have a hard look in the mirror, seriously. Events like this should bring the players of the world closer together, not turn us against each other.

Realistically how does the RoW get paid? The problem is that the owners are all Americans, and so the American lawsuit of TT would clear first.

I dont want Your money, but if everybody getting paid gets us all 1 cent on the dollar, i'd much rather the RoW get 0 cents on the dollar so americans can get 10 cents on the dollar... why? Because you can go take your 50 pesos and deposit on pokerstars and have a HUGE field to play with and make more money. Americans do not have this option, so for those of us who depended on online poker as main or side income, we need a bit more than 1 cent on the dollar.

Sent e-mail to jeff:

"
I don't know. I do know that right now Ray and anyone else in Dublin is fully focused on closing a deal with one of the investors at the table.


----- Original Message -----
From: XXXXX
Sent: Thursday, September 01, 2011 03:56 PM
To: Jeff Ifrah
Subject: Qestion regarding Full Tilt Poker

Hello,

I have seen your posts on 2+2 forum. I have just one question. Do you
know will the FTP pay the players atleast some percentage if they won't
have money for restoring the company?

Thank you,

xxxx

They had the cash reserve because they were required by the IOM GSC to have the cash reserve, and the IOM GSC took steps to determine whether they had met that requirement.

How much money was in transit is not relevant, because the amount in the segregated account had to cover the amount in transit.

How is money in a segregated account at risk?

By 'this' I presume you mean engaging in bank fraud. How can you expect any regulator to have detected the activites that have given rise to the allegations of bank fraud?

How is what your saying any different from a demand for omniscience?

Yes, you do want my money. If you want 10c on the $ at the expense of the ROW seeing any, you want our money.

Again, we are not liable for where US players can and can't pay. Your argument is absurd.

why did Ifrah even show up here? I remember someone posted his contact info to ask him questions is that what brought him here? It just seemed like he couldn't answer our questions so there wasn't really a point in doing it.

Yeah, that not ROW fault thou eh! You feeling the same way if the Chinese DoJ sat on your roll?

Let's lighten the mood with some Al Murray on Brits and Americans (all clean comedy)....

http://youtu.be/xUdaPNXC_68

It's probably worth pointing something out at this point:

IFRAH NEVER ACTED FOR FTP IN THE CLASS ACTION SUIT.

He represented 13 defendants, including Howard Lederer, Erick Lindgren, Chris Ferguson, Allan Cunningham, a few other people, a few corporations, but he didn't represent FTP or Phil Ivey or Raymond Bitar or 8 of the other 24 defendants.

I practise in Canada, not New York, but here (and everywhere else I know of) these kinds of motions are pro forma -- they are granted in all but the most exceptional circumstances.

He could have any number of reasons for withdrawing, including that his retainer has been exhausted, that by representing these defendants a conflict of interest has arisen that would prevent him from representing more valued clients, or that -- straight up -- it's an unreasonable financial burden because the case is drawing too much in the way of his (or his firm's) resources away from more lucrative files.

**** is getting pretty ugly for Full Tilt.

wrt to the $70 million figure that the principal shareholders of FTP were willing to infuse back into FTP. I for the life of me can't remember exactly where I heard it. Could it possibly have been mentioned by Mike Matusow in his Quad Jacks interview? If he didn't mention it then I don't know where it came from (maybe my imagination?) so just disregard that I mentioned it.

This blows my mind when they say things like this. What the hell is there left to do to "close a deal"? They always portray Ray as this hardworking, selfless savior who is working day in and day out in the trenches fighting for the little guy! It's like he knows FTP is screwed and thinks he's going to save his image before it fully tanks lol.

yeah seriously this post is absolutely disgusting. IDFC if you have 6mil on there which is 100% of your roll, show some morality. We can still play online poker on different sites, therefore Americans have more of a right to collect their money? There is no way your ******ed enough to actually think that.

Can you tell us which other actions?

do you guys think that the investor's insistence that FT remain silent was to pressure FT into making a bad deal (to FT's eyes) quickly?

if so, tilt management really ****ed themselves, their brand, and us by maintaining negotiations that long and agreeing to such a request at all, really.

Yeah but you have to hover over every likely word looking for links. I wish you underlined them. I didn't see the link at al until you mentioned it in your follow-up post here (Thx for that, btw).

Do we know PS was able to pay US players back because the funds were segregated as required by the IOM? Or is it possible those segregated funds were at just as much risk as non-segregated funds when it came to DOJ action. Maybe those funds were frozen by the DOJ but PS still had enough liquid cash to pay or maybe they got a cash infusion from their owner. I don't think we know enough to say one way or the other.

Surly the IOM knew the DOJ considered the operations of sites such as PS illegal and knew the DOJ was actively going after them. No serious regulator would allow a licensee to operate in a country where they say its illegal. The ION is just another shady operator that in the world of online poker they just might be slightly better run and a bit more honest then some others.

But one of the obligations under the terms of their AGCC liccense was to have enough cash on hand to totally pay every account balance forthwith.

It is pretty clear that it was not the case that they had enough cash on hand to pay out all accounts, so either FTP lied about this to the AGCC and the AGCC failed to catch the lie, or the AGCC knew but failed to act.

would they not make this public if it were true?

I read somewhere on 2p2 a while back that the DOJ did not freeze these funds bc the account name had "client account" in it (or something similar). I dont remember who posted it, I think it was either skal or xandu. If it wasnt either of them it was someone trustworthy. Please correct me if I'm wrong.

Do you reckon Neveda Gaming Board gonna be this thorough? Now's you chance to campaign. You'll be wanting weekly audits as opposed to quarterly though.

here ya go

I think Mike speculated that the owners may collectively have about $50M. He didn't say he thought they were willing to put it back into FTP. He basically said the opposite--that they wouldn't give up all the money they have made their whole lives for this.