im wondering why FTP is silent and their www looks like "we dont care" ..
last statement from 30th august... nice

Well they dont care they all pulled cash out of it and now have been told by Lawyers to shut up including Ivey and the rest.

Lets face it no one is going to get any of there money back. Best case scenario is you get your balanced restored with a play through requirement. And the odds of that happening are huge.

If I bought Full Tilt I would offer a huge play through bonus and rakeback only

Hopefully Halloween is lucky for everyone

grr, misunderstood, yip UK and AGCC not allow these 3 ideas.

Why is anyone even worried about the agcc? They have proven to be a useless middleman who claims to regulate the industry when in reality they have absolutely no power what so ever. False statements, inaccurate information and not having the consumers best interests in mind are what they do best..

There's really nothing new or useful but it's something nonetheless...

http://www.pokernewsreport.com/full-...-with-doj-5466

The article was posted a few hours ago but FWIW they never gave a time frame on those quotes from Dayanmi.

Interesting article just published.

http://www.lvrj.com/business/fertitt...8.html?ref=268

Station Casinos was the group that was looking to partner with FTP before BF hit.

I thought the following quote from the article was very interesting.

There was a claim earlier in this thread there would be a rush of US casino companies looking to partner with FTP and its software in the future should legislation be passed.

The fact is there are many of these companies developing software at the moment plus they dont have to worry about the stigma of being linked to a company with charges of corruption and fraud hanging over them.

To me it just seems FTP is becoming more and more worthless by the day.

The claim is that waiting doesnt hurt except that assets that could be used to pay back players are either becoming worthless or assets could also have been stripped over time leaving the company gutted when it finally goes down.

Just read the following Brandon Adams interview which is a reply to Noah's questions.

http://www.thepokerfarm.com/opinion-...stions-noahsd/



This answer suprised me.

From the numbers that are out there here is the money extracted from FTP.

440M paid to owners (DOJ)
128M phantom payments (various sources)
159M Seized by DOJ (Subjectpoker)

Total = 727M

If we assume that FTP currently owes 350M that means the must have made at least a 377M profit, not sure why Brandon Adams thinks its only 100M?

They paid themselves $440M and owe $300M (at least). The difference is $100M and change. Phantom deposits and DOJ seizures don't count as profit.

What?

To lose that money they must have made that money. (above normal expeditures)

The phantom deposits and DOJ seizures HAD to be from NET profit.

It was real money lost.

If you use the same logic of money out after expenses then the company made -350M

It's funny how he doesn't want to talk about what the 'proposed plan' for repaying the players is for FTP. It's clearly not paying everyone back at once or they would end this speculation right here and now....instead they don't want to describe how they plan to repay players which only leads to more needless speculations....

It does now appear that the issue of the phantom echecks is no longer an issue (at least it wasn't mentioned)...now they are just trying to get the seized funds....this is probably to repay the US players...I cannot see the DOJ agreeing to release money up front and risk not getting anything back from Tapie if his business plans fail....I guess we will see...

someone contact Jeff Ifrah please once in a while

Yes they made the money, but then they lost it. That is why we are talking about "NET" profit.

This is just a game of semantics. What you are saying is the company would have made about $400M had there not been any seizures or phantom deposits. I agree.

But these things did really happen. They are simply business expenses. So when the smoke clears, they only wound up making $100M or so.

His info's out there in this thread. Anybody who wants to can contact him, including you.

Why don't you do it? Could have been done in the time it took to post that.

They 100% made this money, the phantom deposits and DOJ seizures were real money outside of opperating expenses.

To pay out 727M and only be 350M in debt they would have to made 377M in profit after operating expences. Its that simple.

Did you read BA's reply? He ignores these figures while being "shocked" why they only made 100M...........after raking 3M a day........

He obviously doesnt include the above figures which accounts for a lot of the NET profit.

Thats why his answer is suprising. He doesnt seem very well researched or informed.

Did you blame air traffic control for 9/11? Maybe it was the FAA's fault.

We're not worried about AGCC, just those mad enough to swap debt for shares might prefer FTP2 site to have a licence. Would help if licence was from IOM, Gibraltar or AGCC or the site won't get any advertising throughout alot of ROW. No advertising = quiet site = crappy investment. No licence = no payment processors throughout ROW

AGCC received false information leading to inaccurate statements

DOJ also could start seizing the asset value of Full Tilts refrigerated storage house full of lobster and the humidor room with hundreds of millions of cuban cigars.

+1! Should go down nicely with those legendary $16 donuts.

It every different direction, Brandom Adams proves to be a joke. I have no idea how he has gotten to where he is, but logic, intelligence, and skill are not the way he managed to do it.

and why the **** don't they seize jesus ****n hat and sunglasses?

The DOJ seizures represent a part of the gross income but not net profit. The phantom deposits represent a part of neither, only some kind of potential income should the barriers to collection not exist.

FYP. The DOJ would have you know that they're muffins, not donuts.

What's the point of having a regulator if we let AGCC off the hook simply because FTP lied? Was the AGCC-FTP relationship built on mere trust? Doesn't seem like AGCC was very scrutinous or competent, and as a result players suffered and continue to suffer.

I think you're assuming that all those deposits would have been made had the depositors not known they were phantom.

When someone deposits a $2500 echeck for the purpose of just withdrawing the $2500, you can't say that the $2500 loss should have been profit.

Even with the people that deposited for the purpose of free rolling, you can't assume they would have made those deposits if they knew it was real money.

Also, how many people made deposits hoping it would be a free roll because they read on 2+2 echecks weren't being processed in some states, but their own echecks cleared?

FT didn't just let this continue for no reason, for every deposit that didn't clear they probably got another deposit from someone else they wouldn't have gotten on the gamble that theirs wouldn't clear.

Those phantom deposits helped generate real rake, possibly made the games seem softer attracting more business, making it impossible to calculate how much more profitable FT would have been without the echecks, but it's clearly far less than $128mil.