Open Side Menu Go to the Top
Register
FTP Statement 8/31 - 0M+ Seized/Stolen, 6 Potential Investors FTP Statement 8/31 - 0M+ Seized/Stolen, 6 Potential Investors

08-31-2011 , 05:21 PM
Quote:
Originally Posted by pizdec
The black friday actions were 110% corrupt, there is no thought needed.

This is the only issue Vegas and Indians ever have agreed and given money together for.

Does this corruption make the DOJ in the wrong? I don't think so, but it doesn't mean it wasn't born in bribes and abuse of authority.
I hate that phrase
08-31-2011 , 05:42 PM
Question to Full Tilt?
When the $115 million was seized by the DOJ over a year ago did Full Tilt cut back on spending for themselves and FT Pros?
Do you stop "loaning" FT pros money?
Did FT "Partners" cut back on their lavish spending using Company funds like private jets to Tournaments around the World? Throwing lavish Parties for themselves?
Was an emergency plan ever in place for a Black Friday?

What was the net revenue of Full Tilt during the time in question along with expenses? You can't have it one way releasing the bad news without releasing Company's full revenue during the past 18 months?

I can not believe that the DOJ has not jumped in a frozen all assets of FT Partners and those who benefited handsomely from FT
08-31-2011 , 05:42 PM
Quote:
Originally Posted by NoahSD
I mean.. FTP owes US players about $150M. The DOJ seized/froze $115M from them over a two year period and forced them to stop accepting US players. How exactly did the DOJ shut down FTP's non-US business?
Where did you get the $150m US players funds from? What was the ROW funds? Or are you just assuming that any money held in US accounts is US players funds?
08-31-2011 , 05:55 PM
I still have some unprocessed deposits. However I turned that into a profit which obviously is still tied up.
Should I get rid of that bank account? Do you think it is possible that if and when FT gets back on their feet they will still be able to take out the unprocessed deposits before paying me back?
08-31-2011 , 06:00 PM
I don't think we/FTP/AGCC/investors can separate player funds into US vs ROW. I think player funds are player funds no matter where the originate.

EDIT: either we all get paid in full,the same % or not at all.

Last edited by novahunterpa; 08-31-2011 at 06:22 PM. Reason: typo
08-31-2011 , 06:02 PM
Quote:
I still have some unprocessed deposits. However I turned that into a profit which obviously is still tied up.
Should I get rid of that bank account? Do you think it is possible that if and when FT gets back on their feet they will still be able to take out the unprocessed deposits before paying me back?

You're asking us, people with money owed by full tilt, how to cheat full tilt out of money you owe them? Can I quote Heavy Metal by saying that "burning is too good for you?" You understand that the money you're trying to steal might actually be ours, right? In a perfect world, they'd deduct your unfunded deposit before returning your account balance. Why do you want to steal from anyone?
08-31-2011 , 06:17 PM
Quote:
Originally Posted by MorseStreet
I still have some unprocessed deposits. However I turned that into a profit which obviously is still tied up.
Should I get rid of that bank account? Do you think it is possible that if and when FT gets back on their feet they will still be able to take out the unprocessed deposits before paying me back?
Good lord! This is what ur freakn worried about plz no responding
08-31-2011 , 06:17 PM
Quote:
Originally Posted by novahunterpa
I don't we/FTP/AGCC/investors can separate player funds into US vs ROW. I think player funds are player funds no matter where the originate.

EDIT: either we all get paid in full,the same % or not at all.
My point exactly and I agree entirely with your edit.

Point is any funds are always referred to as 'US players funds' (though interestingly not by the OP!) when, in fact, the DoJ has probably seized ROW $$ too.

The DoJ seizing or freezing ROW players monies didn't exactly help FTP continue serving non-US players. Cashouts became slow.

AGCC intervene after no response from FTP for 6 weeks (plus no response for month before hearing and during hearing).

During the 6 weeks from BF to AGCC removing licence, I suspect the AGCC were of the opinion that FTP could continue, as the DoJ only took the US players funds anyway = US players sort their own internal politics. As soon as it became apparent the ROW was affected too, pop goes your licence.
08-31-2011 , 06:40 PM
Thank you Full Tilt for giving me far more suckouts, bad beats not to mention all the delayed, point missing, short shrift, customer "service" (customer service + full tilt !? LOL) responses - all of which meant that I moved the majority of my playing funds over to Stars long before any of this badness started.

The contrast between how well Pokerstars handled Black Friday and how abysmally Full Tilt did is not just remarkable - frankly it's legendary.

It really makes all those, cough, "high profile players" who were so happy to be associated with Full Tilt in the good days, look very much like the proverbial rabbits in headlights now - doesn't it!?

Not even a US player, and I've long since written off my few FT a/c funds as one bad beat. Why even six investors would wish to be even remotely associated with such a disgraceful company is anyone's guess. And no wonder that they remain anon to this very minute!

08-31-2011 , 06:50 PM
they forgot the period at the end of their statement
08-31-2011 , 06:55 PM
Quote:
Originally Posted by KingBBinLV
FTP knows if they pay you guys 98% of paid players will never go back to playing on their site. They are just trying to buy more time with this statement. Like someone said above, FTP is the Titanic and those that got on the lifeboats are fine, the rest will go down with the ship.

I really hope you guys get paid but the way that they operated I don't see a high likelihood of that happening.

FU FTP!
I don't agree with what your saying here. I would go back to Full Tilt instantly, they have the best software, tournaments and game selection online. It has only been a few months and everyone trying to flame FTP. Give it some time and we shall see what happens. Saying 98% of the players that get paid will not play on there site again is a false statement. Full Tilt is making progress in the right direction with this statement and I still have 100% confidence in Full Tilt because they were a juggernaut.
08-31-2011 , 07:00 PM
Quote:
Originally Posted by kevmode
I don't agree with what your saying here. I would go back to Full Tilt instantly, they have the best software, tournaments and game selection online. It has only been a few months and everyone trying to flame FTP. Give it some time and we shall see what happens. Saying 98% of the players that get paid will not play on there site again is a false statement. Full Tilt is making progress in the right direction with this statement and I still have 100% confidence in Full Tilt because they were a juggernaut.
If FTP was back and they provide reason to trust them again I'd play there again as well. Most casual players will too, they'll be happy they suddenly have access again to their rolls.
08-31-2011 , 07:04 PM
Quote:
Originally Posted by kevmode
I don't agree with what your saying here. I would go back to Full Tilt instantly,
I don't understand this logic. If FTP was to pay all the US players their balances, they would not be legally allowed to play on FTP no matter where they are located. The US players debts would be a write-off and a instant loss for the new investors.
08-31-2011 , 07:05 PM
Quote:
Originally Posted by kevmode
I don't agree with what your saying here. I would go back to Full Tilt instantly, they have the best software, tournaments and game selection online. It has only been a few months and everyone trying to flame FTP. Give it some time and we shall see what happens. Saying 98% of the players that get paid will not play on there site again is a false statement. Full Tilt is making progress in the right direction with this statement and I still have 100% confidence in Full Tilt because they were a juggernaut.
Man I would love to know where you buy your stuff.
08-31-2011 , 07:06 PM
Ive just hired Alicia Florrick from Lockhart Gardner to represent me in my suit against FTP. They solve most cases in under 1 hour so I expect to see my money by about 7ish...Good luck to the rest of you
08-31-2011 , 07:07 PM
Quote:
Originally Posted by Mike Johnson
Man I would love to know where you buy your stuff.
roll me one too Buddy

Different planet I suspect
08-31-2011 , 07:07 PM
Quote:
Originally Posted by kevmode
I don't agree with what your saying here. I would go back to Full Tilt instantly, they have the best software, tournaments and game selection online. It has only been a few months and everyone trying to flame FTP. Give it some time and we shall see what happens. Saying 98% of the players that get paid will not play on there site again is a false statement. Full Tilt is making progress in the right direction with this statement and I still have 100% confidence in Full Tilt because they were a juggernaut.
Hi Howie letterer.
08-31-2011 , 07:07 PM
Quote:
Originally Posted by Fiveafterfive
I don't understand this logic. If FTP was to pay all the US players their balances, they would not be legally allowed to play on FTP no matter where they are located. The US players debts would be a write-off and a instant loss for the new investors.
You think such a thing would be unique to this specifc potential takeover?
08-31-2011 , 07:14 PM
Quote:
Originally Posted by vamooose
Where did you get the $150m US players funds from? What was the ROW funds? Or are you just assuming that any money held in US accounts is US players funds?
Many sources. Probably the best source is that Ifrah said it in court in the Todd Terry class action suit. It's obviously a rounded number, and I'm not sure if it includes limbo funds or not.

It has absolutely nothing to do with how much money was in US accounts.

I don't know how much is owed to the rest of the world. That's certainly not because I haven't tried to figure that out, though. I think it's likely because the US number has remained constant since April 15th, so more people know it.
08-31-2011 , 07:18 PM
Quote:
Originally Posted by Mike Johnson
Man I would love to know where you buy your stuff.
I don't appreciate you implying that I use drugs when I do not. I am allowed to state my opinion on these forums and you shouldn't be calling me a drug addict when I am not. Having confidence in Full Tilt should have nothing to do with who I am as a person. Maybe next time you say something hurtful to someone you should think before you speak. Your post isn't funny and I believe u owe me an apology.
08-31-2011 , 07:20 PM
So has Ifrah said anything yet since the statement (the statement he said would answer most of our questions yet only gave us more questions)
08-31-2011 , 07:29 PM
Quote:
Originally Posted by kevmode
I don't appreciate you implying that I use drugs when I do not. I am allowed to state my opinion on these forums and you shouldn't be calling me a drug addict when I am not. Having confidence in Full Tilt should have nothing to do with who I am as a person. Maybe next time you say something hurtful to someone you should think before you speak. Your post isn't funny and I believe u owe me an apology.
Total level, or 14 year old who really believes this stuff! Sorry man, would be really nice if you were right (just in case you are serious), but the odds are not good!
08-31-2011 , 07:30 PM
If FT ever came back, I'd still play on it. I'd take off like 90% of my roll, though
08-31-2011 , 07:41 PM
If we are wanting investors to invest KEVMODE saying he would play on the site again couldn't hurt anything.
08-31-2011 , 07:44 PM
Quote:
Originally Posted by FTP
If FT ever came back, I'd still play on it. I'd take off like 90% of my roll, though
Agreed. I'd have to know that my funds were segregated and safe, too.

Face it Party, iPoker, 888 and Bodog's software has not had a significant innovation since 2007. Stars and FTP were the only ones doing anything new in this space.

      
m