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Old 05-19-2016, 07:17 PM   #1
Vegasnewbie428
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Howard Lederer apology.

Dnegs posted an apology from Howard about the Full Tilt stuff on his Twitter account minutes ago. Does this apology change anything for you?
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Old 05-19-2016, 07:21 PM   #2
SovietRussia
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re: Howard Lederer apology.

What do you think?
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Old 05-19-2016, 07:22 PM   #3
ByronSiren
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re: Howard Lederer apology.

In other words, "I'll see ya at The Rio next week"
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Old 05-19-2016, 07:23 PM   #4
Vegasnewbie428
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re: Howard Lederer apology.

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.
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Old 05-19-2016, 07:25 PM   #5
bot01101
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Re: Howard Lederer apology.

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.
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Old 05-19-2016, 07:26 PM   #6
AZMountainHiker
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Re: Howard Lederor apology.

Quote:
Originally Posted by ByronSiren View Post
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.
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Old 05-19-2016, 07:26 PM   #7
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Re: Howard Lederer apology.

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.
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Old 05-19-2016, 07:27 PM   #8
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Re: Howard Lederer apology.

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 didnít live up to that trust.

I take full responsibility for Full Tiltís 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 companyís 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 playersí deposits. My involvement in Full Tilt from 2003-2008 put me in a unique position of trustóa 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. Iíve been a poker player my entire adult life. I know the importance of having access to oneís bankroll. The lost opportunity, frustration, and anxiety many of FTPís customers experienced in the intervening years is unacceptable. I cannot be sorry enough for what happened.

During Full Tiltís rise, I received a lot of praise. I couldnít 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 wasnít 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 didnít let me off the hook. Iím paraphrasing here, but he said, ďHoward, it doesnít 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.Ē

At the time, my friendís 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.
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Old 05-19-2016, 07:30 PM   #9
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Re: Howard Lederer apology.

lol
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Old 05-19-2016, 07:35 PM   #10
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Re: Howard Lederer apology.

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Old 05-19-2016, 07:37 PM   #11
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Re: Howard Lederer apology.

Bit late, good to see his "friend" serve him a slice of reality.
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Old 05-19-2016, 07:38 PM   #12
SuperSwag
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Re: Howard Lederer apology.

**** Howard I want a statement from Ferguson and where he is.
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Old 05-19-2016, 07:40 PM   #13
StructureK
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Re: Howard Lederer apology.

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
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Old 05-19-2016, 07:40 PM   #14
BustedonLI
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Re: Howard Lederer apology.

"I was grumbling about how unfair my lot in life had become." Are you kidding?
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Old 05-19-2016, 07:42 PM   #15
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Re: Howard Lederer apology.

Lol **** you howard. And **** your apology too
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Old 05-19-2016, 07:44 PM   #16
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Re: Howard Lederer apology.

Gee, wonder whose wedding he's talking about....
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Old 05-19-2016, 07:44 PM   #17
SkipLock
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Re: Howard Lederer apology.

meh, some things can't be forgiven. this guy just needs to move on. get himself a new hobby.
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Old 05-19-2016, 07:52 PM   #18
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Re: 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.
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Old 05-19-2016, 07:53 PM   #19
Max Cut
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Re: Howard Lederer apology.

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.
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Old 05-19-2016, 07:55 PM   #20
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Re: Howard Lederer apology.

Cool. All is forgiven, buddy. No worries.
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Old 05-19-2016, 07:56 PM   #21
Max Cut
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Re: Howard Lederer apology.

Quote:
Originally Posted by BadlyBeaten View Post
"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.
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Old 05-19-2016, 07:58 PM   #22
Vegasnewbie428
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Re: Howard Lederer apology.

I'm kinda retarded 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?
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Old 05-19-2016, 08:02 PM   #23
fizresh
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Re: Howard Lederer apology.

Quote:
Originally Posted by BustedonLI View Post
"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.
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Old 05-19-2016, 08:04 PM   #24
Max Cut
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Re: Howard Lederer apology.

Quote:
Originally Posted by Vegasnewbie428 View Post
I'm kinda retarded 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).
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Old 05-19-2016, 08:08 PM   #25
_jimbo_
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Re: Howard Lederer apology.

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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