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Howard Lederer apology. Howard Lederer apology.

05-19-2016 , 07:17 PM
Dnegs posted an apology from Howard about the Full Tilt stuff on his Twitter account minutes ago. Does this apology change anything for you?
05-19-2016 , 07:21 PM
What do you think?
05-19-2016 , 07:22 PM
In other words, "I'll see ya at The Rio next week"
05-19-2016 , 07:23 PM
I suck at the online poker so I didn't have any money on the site on Black Friday. So I don't think I ever disliked him as much as some people did. I think a heart felt apology always helps. Daniel said he's ready to move on.
05-19-2016 , 07:25 PM
Omg...he stole 300 million dollars from cash players. He distributed the money to Full Tilt "pros" and owners.
I don't think a "my bad" is gonna be sufficient.
05-19-2016 , 07:26 PM
Quote:
Originally Posted by ByronSiren Howard Lederer apology.
In other words, "I'll see ya at The Rio next week"
I'd love to see Howard at the WSOP. Would be funny as hell to sit at a table with him along with a few guys that he really screwed over, and just sit back and listen to the conversation.
05-19-2016 , 07:26 PM
There must have been a fair few who he ruined the lives of from what he and the other members of FTP did. If I was one of those I wouldn't be so forgiving, I seem to remember he issued another apology a few years ago just around the time when wsop was about to start.
05-19-2016 , 07:27 PM
Howard's Statement:
Quote:
I am writing to apologize to everyone in the poker community, especially to all the players who had money on Full Tilt Poker on April 15, 2011. When Full Tilt Poker closed in 2011, there was a shortfall in funds, a distressed sale to recover those funds, and a long delay in repaying players. Throughout this period, there was little explanation for the delay, and no apology. Players felt lied to. They trusted the site, and they trusted me, and I didn’t live up to that trust.

I take full responsibility for Full Tilt’s failure to protect player deposits leading up to Black Friday. The shortfall in player deposits should never have happened. I should have provided better oversight or made sure that responsible others provided that oversight. I was a founder in the company that launched Full Tilt, and I became the face of the company’s management in the poker community. Many of our players played on the site because they trusted me.

Even though I was no longer overseeing day to day operations, my inattention in the two years leading up to Black Friday imperiled players’ deposits. My involvement in Full Tilt from 2003-2008 put me in a unique position of trust—a trust that I disappointed by failing to ensure that Full Tilt was properly governed when I stepped away in 2008. My failure to make sure proper oversight was in place when I left resulted in the situation that began to unfold on Black Friday. Players were not able to get their money back for a minimum of a year and a half, and, for many, it has been much longer. I’ve been a poker player my entire adult life. I know the importance of having access to one’s bankroll. The lost opportunity, frustration, and anxiety many of FTP’s customers experienced in the intervening years is unacceptable. I cannot be sorry enough for what happened.

During Full Tilt’s rise, I received a lot of praise. I couldn’t see it at the time, but I let the headlines change me. In the first couple of years after Black Friday I made lots of excuses, to my friends, my family and myself, for why I wasn’t the bad guy or big-headed or wrong. In the months immediately following the crisis, I focused a lot of energy on trying to refute allegations that were factually untrue. I convinced myself that I was a victim of circumstance and that criticism was being unfairly directed toward me instead of others. I was missing the bigger picture.

At a wedding in the fall of 2014, I was sitting with a friend, talking about Full Tilt. I was grumbling about how unfair my lot in life had become. My friend didn’t let me off the hook. I’m paraphrasing here, but he said, “Howard, it doesn’t matter whether you knew about the shortfall or what you did to help players get paid. These players feel like you lied to them. You were the face of the company in the poker community. Thousands of players played on the site because they trusted you. Many pros represented the site because they thought you were in control. And you happily accepted the accolades while falling short of their trust.”

At the time, my friend’s response felt like a slap in the face, but it is clear to me now that it was fair. An apology is not enough, but it is what I am able to offer to the poker community in the wake of a travesty that I should not have allowed to happen. I am sorry.
05-19-2016 , 07:30 PM
05-19-2016 , 07:35 PM
05-19-2016 , 07:37 PM
Bit late, good to see his "friend" serve him a slice of reality.
05-19-2016 , 07:38 PM
**** Howard I want a statement from Ferguson and where he is.
05-19-2016 , 07:40 PM
Does he still live in a 5 million dollar mcmansion? Are his buddies like Ray Bitar having multimillion dollar weddings? Will he be gambling with stolen money?

Did he even have any repercussions for what he did other than a small niche of the population who "dislikes" him?

Ya, a fake "heartfelt" apologie will not cut it
05-19-2016 , 07:40 PM
"I was grumbling about how unfair my lot in life had become." Are you kidding?
05-19-2016 , 07:42 PM
Lol **** you howard. And **** your apology too
05-19-2016 , 07:44 PM
Gee, wonder whose wedding he's talking about....
05-19-2016 , 07:44 PM
meh, some things can't be forgiven. this guy just needs to move on. get himself a new hobby.
05-19-2016 , 07:52 PM
"I take full responsibility for Full Tilt’s failure to protect player deposits..."

Um, no. Paying it back would be taking FULL RESPONSIBILITY. As is, you're just apologizing.
05-19-2016 , 07:53 PM
Quote:
Originally Posted by dnegs
I’ve spoken to a few people about whether or not I should be the one to release a statement from Howard Lederer and I didn’t get much support. I heard:
"Why should it be you?”
"Let him just post it on his own. You posting it is an endorsement of him and what he is writing.”
Hard to pass up such click bait, I guess.
05-19-2016 , 07:55 PM
Cool. All is forgiven, buddy. No worries.
05-19-2016 , 07:56 PM
Quote:
Originally Posted by BadlyBeaten Howard Lederer apology.
"I take full responsibility for Full Tilt’s failure to protect player deposits..."

Um, no. Paying it back would be taking FULL RESPONSIBILITY. As is, you're just apologizing.
Yep. Poker community sure getting a lot of apologies lately. Too bad they don't spend well.
05-19-2016 , 07:58 PM
I'm kinda ******ed since as I said I didn't have any money on FTP at the time of Black Friday. But did everyone finally get replayed or are some people still waiting on cash?
05-19-2016 , 08:02 PM
Quote:
Originally Posted by BustedonLI Howard Lederer apology.
"I was grumbling about how unfair my lot in life had become." Are you kidding?
and he was feeling this in fall 2014 - 3.5 years after black friday.
05-19-2016 , 08:04 PM
Quote:
Originally Posted by Vegasnewbie428 Howard Lederer apology.
I'm kinda ******ed since as I said I didn't have any money on FTP at the time of Black Friday. But did everyone finally get replayed or are some people still waiting on cash?
Most were eventually repaid by the US government (funded mainly via a settlement with PokerStars).
05-19-2016 , 08:08 PM
Give the guy a break. He wasn't involved in the running of the company when the **** hit the fan from what I understand unlike Ray and Chris. I was stuck a bunch on FT fwiw.

      
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