Midway Poker Tour Shadiness. Possibly $60k+ in precious metals stolen - Page 3 - Poker News

According to PokerNews, the remaining 10 players discussed the situation and decided to continue play. There have been numerous live updates posted since, with 10th and 9th place being determined.

https://www.pokernews.com/tours/othe...ips.387223.htm

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10-04-2020 , 07:26 PM

#53

PTLou

JellyBean

Join Date: Nov 2008 Posts: 5,516

Quote:

Originally Posted by Midwestpokerguy

Not sure about any of the other people involved but I know Jeremy the TD was in the dark. Apparently he didn’t come back for day 2 when he realized the issue with metals being given as prize

I know Jeremy through a few business dealings. Haven't seen him for years, and people can change, but I'd be shocked if he was involved in any kind of scam. From what I know of him, that's just not in his DNA.

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10-04-2020 , 07:36 PM

#54

Couchsock

journeyman

Join Date: Dec 2018 Posts: 273

If anyone lives near by they should contact a local bullion dealer or pawn shop and ask if they would spend an hour or so to pop up and test the metals that are being paid out. There are many portable devices that are very accurate at detecting metals purity. For a couple hundred bucks you could probably find someone interested

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10-04-2020 , 07:39 PM

#55

lsjfklds

newbie

Join Date: Jan 2014 Posts: 37

Quote:

Originally Posted by Couchsock

You 100% on that? Is the tournament resumed? Surely the issue of being paid 30% under fair value has to have some legal ramifications

Their may be ramifications later on, but it looks like not right now. Here's the reporting

Quote:

Surprisingly, cards are back in the air here at the final table. The state didn't get involved (other than to verify precious metal was on-site) and players want to play it out (they think any sort of chop too difficult when dealing w/ metals & not cash).

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10-04-2020 , 08:06 PM

#56

madlex

Carpal \'Tunnel

Join Date: Jan 2009 Posts: 17,464

Is it true that Illinois charity card rooms aren’t allowed to pay out more than $500 above buy-in for poker tournaments?

If that’s the case, shouldn’t Illinois players know about that?

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10-04-2020 , 08:11 PM

#57

answer20

Carpal \'Tunnel

Join Date: Feb 2013 Posts: 10,857

Obv lots of speculation and potential angles here. It would seem hard to believe that with all the up front money spent and undoubtedly knowing this would be very public that it's original intent was a scam. That being said, wow, with so many issues popping up you definitely lean more towards shaky than incompetence. GL

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10-04-2020 , 08:29 PM

#58

NarcoCop

adept

Join Date: Dec 2009 Posts: 1,181

Quote:

Originally Posted by PTLou

0 chance Jeremy Smith is involved or knew anything about this scam. I’ve known him for 5-6 years and he’s def a stand up guy. He did not show up to Day 2 after he was told or found out that players were getting paid in precious metals.

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10-04-2020 , 08:30 PM

#59

grindcity662164

centurion

Join Date: May 2016 Posts: 102

for sure has to tarnish his reputation a bit

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10-04-2020 , 08:34 PM

#60

BDHarrison

Pooh-Bah

Join Date: Nov 2016 Posts: 4,529

Quote:

Originally Posted by NarcoCop

Wouldn't a stand-up guy have shown up and told the players what was going on?

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10-04-2020 , 08:35 PM

#61

Lawnmower Man

Pooh-Bah

Join Date: Feb 2015 Posts: 4,461

Those coins look fake as ****.

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10-04-2020 , 08:37 PM

#62

Upsman74

newbie

Join Date: Nov 2018 Posts: 38

They need to get a precious metals expert to
The casino right now. Pause the tourney. Test the metals and if they are fake call the police. Sick of scumbags getting away with murder.

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10-04-2020 , 08:39 PM

#63

TheProdigy93

journeyman

Join Date: Mar 2013 Posts: 273

Quote:

Originally Posted by Lawnmower Man

Those coins look fake as ****.

What makes you say that? All the pics I've seen of the eagles and maples appear to be real, just not worth anywhere near 35/oz. Tough to tell off pics though.

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10-04-2020 , 08:52 PM

#64

shhh

centurion

Join Date: Nov 2012 Posts: 190

Quote:

Originally Posted by TheProdigy93

What makes you say that? All the pics I've seen of the eagles and maples appear to be real, just not worth anywhere near 35/oz. Tough to tell off pics though.

1 - no reputable dealer would sell a quarter million dollars worth of silver without more of a legitimate paper trail than a terrible word document not even written on company letterhead.

2 - what do you think the odds are that the well known shady guy completely disappeared with nearly all the cash but for some reason left duffel bags full of “valuable” coins?

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10-04-2020 , 08:53 PM

#65

Lawnmower Man

Pooh-Bah

Join Date: Feb 2015 Posts: 4,461

Let's get OP to crack one open and either drill it out or do a ping test. The question isn't if you got ripped off. The question is for how much.

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10-04-2020 , 09:23 PM

#66

Kevmath

Carpal \'Tunnel

Join Date: Oct 2002 Posts: 28,242

I assume this is Dan Bekavac posting under the Midway Poker Tour Facebook account:

https://www.facebook.com/MidwayPoker/

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10-04-2020 , 09:23 PM

#67

hussainsajwani

old hand

Join Date: Jun 2010 Posts: 1,893

Message posted by Dan on FB few minutes ago: https://m.facebook.com/story.php?sto...04215881446926

Last edited by hussainsajwani; 10-04-2020 at 09:23 PM. Reason: Duplicate

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10-04-2020 , 09:29 PM

#68

wheatrich

Carpal \'Tunnel

Join Date: Sep 2005 Posts: 21,239

The real winner of the poker tournament is whoever got $35/oz for silver

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10-04-2020 , 09:32 PM

#69

TheProdigy93

journeyman

Join Date: Mar 2013 Posts: 273

Quote:

Originally Posted by shhh

If he made out getting 35/oz he doesn't have to sell fakes because he made a ton anyway lol. As far as the quarter mill, if Dan filled out the proper tax forms for purchase over 10K why wouldn't he sell to him? No reason not to.

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10-04-2020 , 09:33 PM

#70

TheProdigy93

journeyman

Join Date: Mar 2013 Posts: 273

Quote:

Originally Posted by wheatrich

The real winner of the poker tournament is whoever got $35/oz for silver

This.

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10-04-2020 , 09:35 PM

#71

Sellout

centurion

Join Date: Nov 2014 Posts: 132

Did they limit the number of players per room to the state covid limit of 50? If you look at the pics on PN there were a few without masks and several wearing them wrong. No barriers and full tables. Hope there isn't an outbreak caused by all this.

Last edited by Sellout; 10-04-2020 at 09:49 PM.

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10-04-2020 , 09:49 PM

#72

ArBar

adept

Join Date: Aug 2010 Posts: 1,106

Quote:

Originally Posted by TheProdigy93

This.

Lmao so true. It's like 45% over spot. Insane. Although I suppose there is going to be some decent risk for a dealer having to haul and drop off 200k of precious metals to a hotel.

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10-04-2020 , 10:29 PM

#73

BDHarrison

Pooh-Bah

Join Date: Nov 2016 Posts: 4,529

According to what Danny posted on Facebook, he proposed going through the Chicago Coin Company. The Vice President of Operations the Chicago Coin Company is Glen DeCosta. According to their website, his hobbies include poker. Do they know each other through poker?

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10-04-2020 , 10:30 PM

#74

PerDoom

veteran

Join Date: Jun 2006 Posts: 3,294

Let this be known why the Chicago casinos are across the border in Indiana despite that Gary,IN and just next to Indiana chicago border being #1 murder capital region in US. Thank you governments for making these atrocities possible!