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FTP Discussion Thread (Everything but big new news goes here. Cliffs in OP) FTP Discussion Thread (Everything but big new news goes here. Cliffs in OP)
View Poll Results: Do you want the AGCC to regulate the new FTP?
Yes
1,156 56.58%
No
887 43.42%

06-11-2012 , 01:54 PM
Quote:
Originally Posted by ShipItYo
it's time for these people to speak the **** up.

SOMEONE (PS/FTP/DoJ) needs to say SOMETHING.

This has gone way passed FUBAR, they can't just sit around for another 4 months without saying ANYTHING can they?
How many times does someone have to explain Non-Disclosure Agreements to you?

To answer your question, yes, yes they can.

And if there never is an agreement, they can, in fact, never say anything at all about it.
06-11-2012 , 01:58 PM
Quote:
Originally Posted by dreddy
Well, basically, the people who are owed money from Full Tilt got PLAYED like suckers again. What a coincidence that the moment the Tapie deal was about to be announced as falling through, Full Tilt flunkies put the full court rumor mill to work so that they could at least play the WSOP without being shot.

Just another scam from them. They knew the Tapie deal was dead, and right before it was announced, they came with their nonsense rumors about Poker Stars being the savoir. Of course, shortly thereafter 2+2 goes down for a few weeks, but that is probably unrelated, but who knows.

The bottom line is that there is a very close to ZERO chance that you guys ever see a penny. Guess what? It has been 14 months since your world changed forever, and yet you continue to let those involved off the hook. In addition, those who owe money like Erick Lindgren can continue to play forever by just saying that they are backed.

Guys like Barry Greenstein continue to play while owing 400K, and it is as if it is no big deal. Wake up, people. Figure it out. The name of the game is to take your money.
+1 they will keep kidding the victims with their imaginary deals while blowing our money for bitches, lobster and craps! these scumbags will continue until the boiling point!
06-11-2012 , 02:33 PM
IDK I think once the DOJ chose to get involved they did so understanding that if they were unable to get American's money back they would lose major public opinion I think any resolution that doesn't involve full repayment would be unacceptable to them thus they would not have began this process if they were unsure they could deliver the desired result.
06-11-2012 , 02:36 PM
Quote:
Originally Posted by gbb187
IDK I think once the DOJ chose to get involved they did so understanding that if they were unable to get American's money back they would lose major public opinion I think any resolution that doesn't involve full repayment would be unacceptable to them thus they would not have began this process if they were unsure they could deliver the desired result.
yeah..sure..it was all planned out for the players best interest by the masterminds of the DOJ, don't worry about it.
06-11-2012 , 02:36 PM
Quote:
Originally Posted by dreddy
Guess what? It has been 14 months since your world changed forever, and yet you continue to let those involved off the hook. In addition, those who owe money like Erick Lindgren can continue to play forever by just saying that they are backed.

Guys like Barry Greenstein continue to play while owing 400K, and it is as if it is no big deal. Wake up, people. Figure it out. The name of the game is to take your money.
How are we letting them off the hook? AFAIK the proper suits have been filed and everyone is just sort of waiting for someone to say "it's over. you are/are not getting your money". After that occurs, I think you will see a lot more attempts at retribution if the outcome is unfavorable for those owed.
06-11-2012 , 02:40 PM
Quote:
Originally Posted by starvingwriter82
This part of poker has always intrigued me in a "wait, they're just hustling everyone!" kind of way.

For a lot of recreational players, poker sells "the dream" - the idea that they can take a few bucks, and with a little skill and a little luck, they can run it up, end up in the WSOP, and become a millionaire.

But the reality of the situation is that most of the big name pros that are held up as being able to turn poker skill into millions got there by winning one tournament and getting on the poker gravy train of sponsorship deals and freerolling tournaments, selling 90% of themselves to buy in to events, falling into money elsewhere first, etc. etc.

There are definitely a few "self made" pros, and I'm not sayng that doing things like selling a piece of yourself or getting a sponsorship deal is wrong or immoral, it's just... when it comes to the way poker is portrayed to the average home viewer, what you see is definitely not what you get.

If anything, it saddens me a bit that with Black Friday and the explosion of FTP and UB, the desire to sign name pros and pay them ridiculous amounts of money seems to be fading, so I likely missed any chance to board the gravy train myself.
I think its important to note that probably the biggest difference between Stars and FTP was their attitudes towards this marketing aspect of their sites. Stars always seemed to put the business first, choosing people to sponsor that appealed to specific demographics and tied it in well to their strategy of creating national/regional tours like EPT/UKIPT/IPT/Estrellas/ANZPT to promote the site through satellites to live events which as you correctly point out a part of the idea they're selling is the chance to win it big in a well known live event. In contrast, FTP had an excessively US-centric marketing strategy which was probably the result of the ego of people like Lederer/Ferguson who thought the "star power" of themselves and their friends was much more powerful than it was in reality. It pretty much just seems that nepotism drove FTP sponsorship decisions and there was very little asked of many Red Pros and so it's hard to believe they were providing a real return for the site.
06-11-2012 , 02:48 PM
Quote:
Originally Posted by starvingwriter82
This part of poker has always intrigued me in a "wait, they're just hustling everyone!" kind of way.

For a lot of recreational players, poker sells "the dream" - the idea that they can take a few bucks, and with a little skill and a little luck, they can run it up, end up in the WSOP, and become a millionaire.

But the reality of the situation is that most of the big name pros that are held up as being able to turn poker skill into millions got there by winning one tournament and getting on the poker gravy train of sponsorship deals and freerolling tournaments, selling 90% of themselves to buy in to events, falling into money elsewhere first, etc. etc.

There are definitely a few "self made" pros, and I'm not sayng that doing things like selling a piece of yourself or getting a sponsorship deal is wrong or immoral, it's just... when it comes to the way poker is portrayed to the average home viewer, what you see is definitely not what you get.

If anything, it saddens me a bit that with Black Friday and the explosion of FTP and UB, the desire to sign name pros and pay them ridiculous amounts of money seems to be fading, so I likely missed any chance to board the gravy train myself.


For years FTP gave off the vibe of marketing pros. Instead they just bankrolled all their extreme marketing with player money. In hindsight it was not effective marketing at all. Just a public raping of the online poker community shown on tv and Internet all around the world for years.

Like any good con man they have to put up appearances of success. Their massive marketing expenses gave them that in the public eye even though they were not making any legitimate money. It baited the player hook and when the time was right they pulled the money bag onto their pirate ship.

Marketing is easy when you don't care about a direct return on investment translated into business profits.
06-11-2012 , 02:55 PM
Quote:
Originally Posted by Mondogarage
How many times does someone have to explain Non-Disclosure Agreements to you?

To answer your question, yes, yes they can.

And if there never is an agreement, they can, in fact, never say anything at all about it.
Yeah if there is no deal it is highly possible there is no announcement for the foreseeable future. Stars is not in a position to announce anything without doj approval. Also if they do not make a deal why would they want to admit they even tried? Too many lunkheads would get mad at them for not giving them money someone else stole.

This is much different then the Tapie situation. The DOJ will eventually announce something but that could be forever away.
06-11-2012 , 03:11 PM
Quote:
Originally Posted by gbb187
How are we letting them off the hook? AFAIK the proper suits have been filed and everyone is just sort of waiting for someone to say "it's over. you are/are not getting your money". After that occurs, I think you will see a lot more attempts at retribution if the outcome is unfavorable for those owed.
seriously, if i see one of these scumbags like ivey in a tournament i would at least put my finger down my throat and puke all over him!
06-11-2012 , 03:15 PM
Quote:
Originally Posted by Davidian
seriously, if i see one of these scumbags like ivey in a tournament i would at least put my finger down my throat and puke all over him!
If you're serious, I'm pretty sure 2p2'ers could pool together enough $$ to fly you out to LV to make this happen. U down?
06-11-2012 , 03:29 PM
Quote:
Originally Posted by Davidian
seriously, if i see one of these scumbags like ivey in a tournament i would at least put my finger down my throat and puke all over him!
LOL, another internet tough guy that would probably do nothing if faced with the opportunity.

I wouldn't do anything either, but I won't make claims over the internet that I would.
06-11-2012 , 03:43 PM
Went to Italy for a couple of weeks ... looks like no developments while I was out.
06-11-2012 , 03:49 PM
Has there been any tangible developments in the last week or has the sharp turn in sentiment about this deal going through just happened as a result of more passed time with no news?
06-11-2012 , 03:51 PM
Quote:
Originally Posted by Davidian
+1 they will keep kidding the victims with their imaginary deals while blowing our money for bitches, lobster and craps! these scumbags will continue until the boiling point!
I hate to break it to you, but there is no boiling point. There have been more than a couple instances of sites going under and swallowing all the player money with it without any repayment or retribution whatsoever.

You're waiting for these guys to "get what's coming to them" and that's simply never going to happen. Either a third party is going to come in to rescue players, or we're never seeing a dime - either way, Bitar, Lederer, etc. are never paying players back, and never paying for what they did beyond what's already happening in the court system.
06-11-2012 , 03:53 PM
Quote:
Originally Posted by insidemanpoker
Has there been any tangible developments in the last week or has the sharp turn in sentiment about this deal going through just happened as a result of more passed time with no news?
At this point a lot of people's periods have synched up as a result of so much time spent ITT, and it's that time of the month. There's not any new news.
06-11-2012 , 04:29 PM
Can someone explain to me why Howard Lederer, Bitar, and Ferguson, especially Lederer since he is still in the USA (i think), haven't been ARRESTED? Fulltilt was flat out called a ponzi scheme, so why they haven't they been arrested for fraud? I mean seriously!!!
06-11-2012 , 04:48 PM
DOJ lawyers in charge of this case have phone numbers, which are part of the public record...
06-11-2012 , 04:53 PM
Quote:
Originally Posted by Foxtrot2
Can someone explain to me why Howard Lederer, Bitar, and Ferguson, especially Lederer since he is still in the USA (i think), haven't been ARRESTED? Fulltilt was flat out called a ponzi scheme, so why they haven't they been arrested for fraud? I mean seriously!!!
Calling it a ponzi scheme and proving it are 2 different things.

One one hand yes, It kind of resembles a ponzi scheme
On the other hand, We need more evidence to file charges.
06-11-2012 , 04:56 PM
Quote:
Originally Posted by starvingwriter82
I hate to break it to you, but there is no boiling point. There have been more than a couple instances of sites going under and swallowing all the player money with it without any repayment or retribution whatsoever.

You're waiting for these guys to "get what's coming to them" and that's simply never going to happen. Either a third party is going to come in to rescue players, or we're never seeing a dime - either way, Bitar, Lederer, etc. are never paying players back, and never paying for what they did beyond what's already happening in the court system.
If that's the case then they should be shunned by the poker community and banned from every casino on the planet.
06-11-2012 , 04:58 PM
Quote:
Originally Posted by Foxtrot2
Can someone explain to me why Howard Lederer, Bitar, and Ferguson, especially Lederer since he is still in the USA (i think), haven't been ARRESTED? Fulltilt was flat out called a ponzi scheme, so why they haven't they been arrested for fraud? I mean seriously!!!
Naming something in a media release or press conference is not the same as filing charges. None of the above have been criminally charged atm besides Bitar.
As was said, you can always call the criminal division of SDNY and ask why that is.
06-11-2012 , 05:04 PM
Quote:
Originally Posted by Diamond_Flush
Naming something in a media release or press conference is not the same as filing charges. None of the above have been criminally charged atm besides Bitar.
As was said, you can always call the criminal division of SDNY and ask why that is.
what do you think is the chance, that the named will be arrested anytime soon?
06-11-2012 , 05:10 PM
Quote:
Originally Posted by starvingwriter82
I hate to break it to you, but there is no boiling point. There have been more than a couple instances of sites going under and swallowing all the player money with it without any repayment or retribution whatsoever.

You're waiting for these guys to "get what's coming to them" and that's simply never going to happen. Either a third party is going to come in to rescue players, or we're never seeing a dime - either way, Bitar, Lederer, etc. are never paying players back, and never paying for what they did beyond what's already happening in the court system.
just lol! don't be too certain with these assumptions cause i might be going to make it happen personally.
06-11-2012 , 05:18 PM
Quote:
Originally Posted by Diamond_Flush
Naming something in a media release or press conference is not the same as filing charges. None of the above have been criminally charged atm besides Bitar.
As was said, you can always call the criminal division of SDNY and ask why that is.
i already wrote the DOJ at AskDOJ@usdoj.gov. exactly the same question and never get a response. they just don't give a **** about the players. guess they want us to solve this problem ourselves.
06-11-2012 , 05:19 PM
Quote:
Originally Posted by Diamond_Flush
Naming something in a media release or press conference is not the same as filing charges. None of the above have been criminally charged atm besides Bitar.
As was said, you can always call the criminal division of SDNY and ask why that is.

Then why are they claiming to be broke ? Have they had any assets frozen? I don't recall anyone ever explaining what these guys are facing Right now. Noah telling everyone how much they owe and how they are claiming bankruptcy is
the first I recall hearing this.
06-11-2012 , 05:44 PM
Quote:
Originally Posted by NoahSD
The DOJ doesn't have our money.

...

The DOJ, on the other hand, seized less than $40 million on Black Friday. Those who have been following the story know that FTP was going to go broke with or without Black Friday.
Noah, I don't see how these two statements are compatible. I don't know why you keep insisting on this talking point. Am I missing something? Yes, the owners stole from us, but the DOJ also made many seizures of payment processers, and if you are looking at dates other than black friday, I bet the money they seized adds up to quite a pretty penny. The DOJ has/had our money too. there is no other way to slice it. Whether or not they are "allowed" to take it, or take it and burn it on a bonfire, is besides the point. It's money that was in route to players that the DOJ took.

      
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