Two Plus Two Publishing LLC
Two Plus Two Publishing LLC
 

Go Back   Two Plus Two Poker Forums > >

Notices

News, Views, and Gossip For poker news, views, and gossip

Closed Thread
 
Thread Tools Display Modes
Old 09-20-2011, 12:10 PM   #1
rob554
centurion
 
Join Date: Dec 2007
Posts: 120
Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000,000

Breaking now on Wall Street Journal home page.

The U.S. Justice Department accused poker celebrities Howard Lederer and Christopher Ferguson among other executives of a major poker web site of defrauding poker players out of more than $300 million.
rob554 is offline  
Old 09-20-2011, 12:12 PM   #2
XTPCZ
journeyman
 
Join Date: Jul 2011
Posts: 231
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

Link from SP:

http://www.subjectpoker.com/2011/09/ftp-civil-amended/
XTPCZ is offline  
Old 09-20-2011, 12:13 PM   #3
xmykro
adept
 
Join Date: Mar 2007
Posts: 1,068
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

I knew these guys were crooks!!
xmykro is offline  
Old 09-20-2011, 12:13 PM   #4
NoahSD
Is Right
 
NoahSD's Avatar
 
Join Date: Aug 2005
Posts: 18,865
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

If someone wants to be super awesome and find me/write me a script that can take two PDFs and compare the text in them (e.g. like linux's diff function), I'll give you a cookie.
NoahSD is offline  
Old 09-20-2011, 12:14 PM   #5
rakemeplz
Carpal \'Tunnel
 
rakemeplz's Avatar
 
Join Date: Feb 2006
Location: sarcastic clown comedy
Posts: 12,558
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

howard and chris eh? Fraud eh? Woah.
rakemeplz is offline  
Old 09-20-2011, 12:14 PM   #6
SGT RJ
Twitching
 
SGT RJ's Avatar
 
Join Date: Feb 2009
Location: @oldladygamer444
Posts: 46,608
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

Jesus, they paid out $443M in dividends?
SGT RJ is offline  
Old 09-20-2011, 12:15 PM   #7
Notachance
banned
 
Notachance's Avatar
 
Join Date: Aug 2011
Location: On the run
Posts: 78
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

Does this help speed up the return of players' missing FTP funds?
Notachance is offline  
Old 09-20-2011, 12:15 PM   #8
tercet
Carpal \'Tunnel
 
tercet's Avatar
 
Join Date: Mar 2006
Location: thall
Posts: 7,475
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

443 million over 4 years

ohdeargod.gif
tercet is offline  
Old 09-20-2011, 12:16 PM   #9
Huck Fellmuth
newbie
 
Join Date: Sep 2009
Posts: 16
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

Feds call Full Tilt Poker a Massive Ponzi Scheme:

http://www.forbes.com/sites/nathanva...-ponzi-scheme/
Huck Fellmuth is offline  
Old 09-20-2011, 12:16 PM   #10
CrazyNL
banned
 
CrazyNL's Avatar
 
Join Date: Aug 2010
Location: down there
Posts: 3,377
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

GG FullTiltPoker no way you recover form this.

LOL @ Forbes picture of Lederer
CrazyNL is offline  
Old 09-20-2011, 12:17 PM   #11
alwaysjam
centurion
 
Join Date: May 2010
Posts: 144
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

does this mean US players could get paid back from the DOJ?
alwaysjam is offline  
Old 09-20-2011, 12:17 PM   #12
jweez
old hand
 
jweez's Avatar
 
Join Date: Aug 2008
Posts: 1,620
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

FTP? No. Players? I think maybe so now. Just how hard is it going to be to track down those funds...
jweez is offline  
Old 09-20-2011, 12:17 PM   #13
Turb0Licious
aka Turb0
 
Turb0Licious's Avatar
 
Join Date: Jul 2009
Location: @SteveScales
Posts: 5,009
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

Wow, their shady antics continue. Hope they see a cell for sure.

Ferguson shocks me, but ofc he'd roll with it.
Turb0Licious is offline  
Old 09-20-2011, 12:18 PM   #14
3betu
old hand
 
3betu's Avatar
 
Join Date: Jun 2008
Posts: 1,927
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

This is great news. Hope they enjoy federal prison
3betu is offline  
Old 09-20-2011, 12:18 PM   #15
Neuman101
journeyman
 
Join Date: Oct 2006
Posts: 295
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

these guys need to go to jail for a long long time...especially ferguson and lederer, i hope they get 20 years minimum
Neuman101 is offline  
Old 09-20-2011, 12:18 PM   #16
jweez
old hand
 
jweez's Avatar
 
Join Date: Aug 2008
Posts: 1,620
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

Quote:
Originally Posted by 3betu View Post
This is great news. Hope they enjoy federal prison
+9999999

This is awesome, these guys are going away for a loooooong time. KARMA'S A *****.
jweez is offline  
Old 09-20-2011, 12:20 PM   #17
LostOstrich
Carpal \'Tunnel
 
LostOstrich's Avatar
 
Join Date: Jan 2008
Location: Head in the sand
Posts: 15,923
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

this is, how you say, interesting
LostOstrich is offline  
Old 09-20-2011, 12:20 PM   #18
Uglyowl
Carpal \'Tunnel
 
Uglyowl's Avatar
 
Join Date: Nov 2002
Location: Why did we fight to leave England
Posts: 6,384
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

Quote:
Originally Posted by Huck Fellmuth View Post
Feds call Full Tilt Poker a Massive Ponzi Scheme:

http://www.forbes.com/sites/nathanva...-ponzi-scheme/
In before the long debate on the definition of Ponzi scheme.
Uglyowl is offline  
Old 09-20-2011, 12:20 PM   #19
CrazyNL
banned
 
CrazyNL's Avatar
 
Join Date: Aug 2010
Location: down there
Posts: 3,377
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

Lederer is packing IMO
CrazyNL is offline  
Old 09-20-2011, 12:20 PM   #20
Neuman101
journeyman
 
Join Date: Oct 2006
Posts: 295
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

does anyone know where these guys are rightnow? Are they in the US? They must be absolutely petrified.
Neuman101 is offline  
Old 09-20-2011, 12:21 PM   #21
SGT RJ
Twitching
 
SGT RJ's Avatar
 
Join Date: Feb 2009
Location: @oldladygamer444
Posts: 46,608
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

I thought FTP had about a 20% chance of recovery leading into today.

Now...I mean, 5% or less. This is so bad.
SGT RJ is offline  
Old 09-20-2011, 12:21 PM   #22
jweez
old hand
 
jweez's Avatar
 
Join Date: Aug 2008
Posts: 1,620
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

Quote:
Originally Posted by Neuman101 View Post
does anyone know where these guys are rightnow? Are they in the US? They must be absolutely petrified.
Funny how these things come full circle... finally they get to experience what thousands of us around the world have been going through for months.
jweez is offline  
Old 09-20-2011, 12:21 PM   #23
SmokeyJ
Carpal \'Tunnel
 
SmokeyJ's Avatar
 
Join Date: Nov 2007
Location: Excessively derisive
Posts: 6,582
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

holy ****
SmokeyJ is offline  
Old 09-20-2011, 12:21 PM   #24
IWEARGOGGLES
Carpal \'Tunnel
 
IWEARGOGGLES's Avatar
 
Join Date: Mar 2005
Location: Pittsburgh/Canada
Posts: 7,351
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

Is there anything to be said about the timing of this release?
IWEARGOGGLES is offline  
Old 09-20-2011, 12:22 PM   #25
jweez
old hand
 
jweez's Avatar
 
Join Date: Aug 2008
Posts: 1,620
Re: Justice Dept. accuses Lederer, Ferguson, others of defrauding poker players out of $300,000

Quote:
Originally Posted by SGT RJ View Post
I thought FTP had about a 20% chance of recovery leading into today.

Now...I mean, 5% or less. This is so bad.
I give FTP a <1% chance of recovery, but I think our equity just went WAY up.
jweez is offline  

Closed Thread
      

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Forum Jump


All times are GMT -4. The time now is 11:18 AM.


Powered by vBulletin®
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Copyright 2008-2017, Two Plus Two Interactive
 
 
Poker Players - Streaming Live Online