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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%

08-26-2011 , 04:49 PM
Quote:
Originally Posted by insidemanpoker
Agreed, Noah your post comes off really weirdly and with no substance it just sounds egotistical (not implying that was the intention). What do you mean 'you' don't want that? Why don't you want the DoJ to hear from American citizens? It has no risk of hurting so what exactly is your purpose in claiming you don't want them bugging the DoJ? Just seems bizarre.

To the above, it has virtually no risk of hurting things, and the DoJ does have at least some concern for public opinion and taxpayer interests.
Agree. DOJ needs to be bugged to be reminded that they should try their best to protect American citizens' interest in this mess. I just dont think it will make the situation any worse than it is now.
And I think AGCC needs to be bugged too and sued if players cant get their money. Those idiots pulled the plug from FTP at the worst possible time to save their own ass. Otherwise we may already have a deal by now.
08-26-2011 , 04:50 PM
Quote:
Originally Posted by sakipdsa
what do u mean u dont want anyone to bug the DOJ? are u the boss?
To be fair, NoahSD is pretty boss all around.

Quote:
Originally Posted by Diamond_Flush
Lol, for the record, his shady background goes back a lot farther than just the last few years I gave a glimpse of. I had to stop, or it could easily have been 20,000+ words.
Figures as much, people like that don't usually just wake up one morning and say, "You know what? Today I'm going to just start ****ing people over for money."

Scumbags gunna scumbag and all that jazz.
08-26-2011 , 04:55 PM
Quote:
Originally Posted by elstunar
i thought they were supposed to be out yesterday, but i guess not, idk when they're coming out...anybody have an update on this? ifrah?
Yeah I eventually crashed out sometime last night waiting for them.

Hopefully soon.
08-26-2011 , 04:58 PM
Quote:
Originally Posted by gradx
Those bonuses were for depositing more money into FTP's coffers, most of which wouldn't be returned anyway. All it did was raise money, increase their traffic, generate revenue, effectively raising their hold % of deposit to payouts.

And regarding Stars VIP program, yes it was a form of rakeback but only realistic for heavy grinders who put in enough volume. Those grinders would create traffic that the recreational player would see as an opportunity to play.
I wasn't talking for sign up/reload bonuses but for the value of promotions related to FTP points/Iron Man etc. These essentially translate to over 40% RB for most regs which can be beaten at Stars but as you point out only by heavy grinders. Both systems were designed so that you rip the benefits only after being loyal to the site for a period of time and for Stars from the second year on. As a result migrating from Stars to FTP or the other way would mean loosing "value" for most regs, at least in the short term.

FTP offered a special Rush Poker bonus the last week before the went down as if they wanted to steal as much they could even the last moment.

Even a micro-stakes grinder was generating over 10K in rake over a year. It's not only the money, its the way they treat us and the time we wasted there when there wasn't going to be any return. It's CRIMINAL what they did.
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08-26-2011 , 05:10 PM
Noah puts so much time and energy into recovering our funds,and he is not getting a single cent for it.
He has a lot of information about the whole subject and if he thinks it is not a good idea to contact the DOJ I am sure he has got a reason to do so.I am sure he didn't really wanted it to sound like an order,so please don't give him a hard time,without him we would be off far worse.
08-26-2011 , 05:17 PM
FTP $128 million in uncleared US deposits? $ Only $9 million recoverable? News, or am I just uninformed? Earlier talk said $60 million and "most" or "much" recovered I thought! Wow that is a lot of shortfall if true. Article on Subject Poker now! This seems fairly significant to them not being as flush just prior to BFs DOJ grab!
08-26-2011 , 05:20 PM
Quote:
Originally Posted by Bene Gesserit
FTP $128 million in uncleared US deposits? $ Only $9 million recoverable? News, or am I just uninformed? Earlier talk said $60 million and "most" or "much" recovered I thought! Wow that is a lot of shortfall if true. Article on Subject Poker now! This seems fairly significant to them not being as flush just prior to BFs DOJ grab!
http://www.subjectpoker.com/2011/08/...y-much-larger/
08-26-2011 , 05:23 PM
Quote:
Originally Posted by momo_the_kid
Agree. DOJ needs to be bugged to be reminded that they should try their best to protect American citizens' interest in this mess. I just dont think it will make the situation any worse than it is now.
And I think AGCC needs to be bugged too and sued if players cant get their money. Those idiots pulled the plug from FTP at the worst possible time to save their own ass. Otherwise we may already have a deal by now.
I think we need to make the DOJ know that will will not sit around while they have OUR money confiscated. They know very well that it is players money. Secondly, the DOJ needs to be investigated by it's own inspector general. I think an investigation into Jon Kyl, Harry Reid, Caesars, NFL and their lobbyist will reveal blatant bribery and corruption. We need to organize to file 2 complaints, one with senate over site committee and one with the Inspector General. I see no reason to blindly hope for regulation and think that the PPA is looking out for your interests. They are looking out for Caesars and large corporations not for freedom.
08-26-2011 , 05:25 PM
Quote:
Originally Posted by novahunterpa
So they are short $119M, and they are considering getting some of that back by taking it out of players accounts?

Or they are short $128M and they are thinking they could get at most $9M back from taking it out of players accounts?

Either way, I really hate FTP. It looks like the people who had to deposit, unknowingly, caused the shortfall problem because FTP was ****ing stupid and greedy.
08-26-2011 , 05:28 PM
Seriously just think about it. To date, the DOJ, while they arent releasing certain information for various legal and strategic reasons, they have been pretty decent about taking the phonecalls. I seriously doubt that most ppl in this thread have some very specific question that hasn't already been asked. Why should there be 300 people calling the same person with the same questions? All you will accomplish is having the guy on the other end of the phone say enough already, and close the communication down completely. Anyone of course, is free to do whatever they want to, but a little common sense goes a long way.
08-26-2011 , 05:28 PM
Don't blame depositors... Seriously FTP should have taken those deposits out of profit especially when they knew many weren't clearing...

128 million in uncleared deposits (minus the rake this money generated, minus what's left in people's accounts) at most they should have been a few million short of all players funds not bankrupt...
08-26-2011 , 05:32 PM
Quote:
Originally Posted by EYESCREW

How many accounts have inflated balances due to all of the fake deposits people were making?

Good luck sorting out that whole mess. Hopefully that's what they've been working on with all of their down time the last few months.
The amount accounts are inflated from deposits never getting cleared can't outweigh the amount of money in accounts that are short because they tried to cashout on/after BF and never had funds returned.

I hope if they had 700 people coming into work for the last month+ without the site being online that they found the time to get this kind of stuff straight, if they hadn't already. If not, what are they doing everyday, circle jerking while watching porn?
08-26-2011 , 05:50 PM
Quote:
Originally Posted by EYESCREW
There's so many sick aspects to this whole thing but one of the sickest has to be that it doesn't seem like FTP knows exactly what they even owe everybody thanks to the whole payment processing snafu.

How many accounts have inflated balances due to all of the fake deposits people were making?

Good luck sorting out that whole mess. Hopefully that's what they've been working on with all of their down time the last few months.
Keep in mind too, that some checks actually were collected from the players checking accounts, but those funds were still in the hands of the existing payment processors. So while those players actually paid their deposits, it never got to FTP, since many of the processors bank accounts were nabbed too.
08-26-2011 , 06:07 PM
garbage story. there's a bunch of these in different forms that came out over the years. this was the last updated one to try to seem believable.
08-26-2011 , 06:12 PM
Man, Ifrah was looking really good at first but when he said he would possibly be done last night and at latest this morning, and still silence, he is coming off like the rest of FTP in this mess.
08-26-2011 , 06:12 PM
Quote:
Originally Posted by Bene Gesserit
FTP $128 million in uncleared US deposits? $ Only $9 million recoverable? News, or am I just uninformed?
you are uninformed.
08-26-2011 , 06:14 PM
When can we expect those answers from FTP's lawyer?
08-26-2011 , 06:15 PM
Quote:
Originally Posted by insidemanpoker
Man, Ifrah was looking really good at first but when he said he would possibly be done last night and at latest this morning, and still silence, he is coming off like the rest of FTP in this mess.
fwiw it has something to do with the hurricane, he told me he had to evacuate
08-26-2011 , 06:15 PM
Quote:
Originally Posted by Bene Gesserit
FTP $128 million in uncleared US deposits? $ Only $9 million recoverable? News, or am I just uninformed?
This news broke a while ago, but the number was only $60M. I believe Todd Terry posted the correct number like a week ago, but I don't know how many people took notice.
08-26-2011 , 06:18 PM
Quote:
Originally Posted by momo_the_kid
Agree. DOJ needs to be bugged to be reminded that they should try their best to protect American citizens' interest in this mess. I just dont think it will make the situation any worse than it is now.
And I think AGCC needs to be bugged too and sued if players cant get their money. Those idiots pulled the plug from FTP at the worst possible time to save their own ass. Otherwise we may already have a deal by now.
+1
08-26-2011 , 06:21 PM
Quote:
Originally Posted by blackfriday415
fwiw it has something to do with the hurricane, he told me he had to evacuate
sorry, i know this is probably has some truth to it, but still funny to me

ftp lawyer excuses:

[x] earthquake delay
[x] hurricane delay
08-26-2011 , 06:22 PM
Quote:
Originally Posted by blackfriday415
fwiw it has something to do with the hurricane, he told me he had to evacuate
So what exactly did he say then? That it should be done later today? I mean common, there is no way he doesn't have a blackberry and I highly doubt he won't have internet access tonight.
08-26-2011 , 06:23 PM
Quote:
Originally Posted by exoendo
you are uninformed.
OK pal, thanks for the smartmouth, now YOU tell me the correct numbers if you have them! I got mine from Subject Poker!
08-26-2011 , 06:27 PM
Quote:
Originally Posted by Bene Gesserit
OK pal, thanks for the smartmouth, now YOU tell me the correct numbers if you have them! I got mine from Subject Poker!
i was answering your question as to if it was new news or not. I suppose you are informed now.
08-26-2011 , 06:28 PM
Quote:
Originally Posted by blackfriday415
im sure the delay isn't because of Jeff. Thats my honest opinion take it for what is worth
FTP should not be affected by the hurricane since they are in no way based out of the east coast. As a result, if it is not Jeff's fault, then he must not have good communication with his clients because he did tell us he'd do it and now he isn't. He should never have said he could get it done in the fashion eh did if he couldn't promptly respond.

      
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