Nick Rainey talking candidly about FTP on Quadjacks - Poker News

http://www.justin.tv/quadjackslive#/w/1273990784/16

Says FTP rakeback accounts were sold to him for 10k + 2k per month. otehr were sold for 25k-50k

Also said he took over for a horse in a Sunday FTP 1.5m GTD near the end, took it down and FTP did not pay him even though they had no way of proving he took over.

The podcast will be up ina bit I'm sure and i welcome anyone who is listening to correct any of my above statements as im relaying the info from memory.

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06-01-2011 , 03:46 AM

x1le

stranger

Join Date: Jan 2010 Posts: 3

WTF

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06-01-2011 , 03:47 AM

CTart

enthusiast

Join Date: Dec 2008 Posts: 56

Yes, and he has more news after the break.. and this guy Chris Porter is still working for Full Tilt

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06-01-2011 , 03:47 AM

BackedUp

grinder

Join Date: Apr 2005 Posts: 415

He also said that Ray Bitar took all of the money from player accounts and spent it on an advertising campaign last year during the WSOP.

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06-01-2011 , 03:47 AM

ZwiFT

adept

Join Date: Aug 2007 Posts: 728

was a nice listen. just wow.

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06-01-2011 , 03:48 AM

PhillyD

banned

Join Date: Jun 2011 Posts: 78

Im listening, things are getting very interesting.

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06-01-2011 , 03:48 AM

Keeper1125

veteran

Join Date: Mar 2008 Posts: 2,913

Quote:

Originally Posted by BackedUp

He also said that Ray Bitar took all of the money from player accounts and spent it on an advertising campaign last year during the WSOP.

I get the sense that his evidence for this was to some extent anecdotal, but it's a serious allegation.

The 100% rakeback accounts being available for sale is insane. And obviously they wouldn't be possible without FTP being complicit.

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06-01-2011 , 03:49 AM

Bozzytiger

banned

Join Date: Jun 2009 Posts: 606

They keep playing stupid songs.

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06-01-2011 , 03:49 AM

FloydTheWall

centurion

Join Date: Jan 2007 Posts: 135

I'm glad Rainey is coming out with this but I can only think this is a hugely stupid decision on his part. Obv. he's pissed about his 300k, maybe his relationship with PA and other deteriorated after he didn't get paid, but at this point he's just throwing everyone under the bus.

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06-01-2011 , 03:50 AM

#10

CocteauTwin

old hand

Join Date: May 2010 Posts: 1,612

I don't get it though, if FT lock&banned Nick and the kid then surely someone told on them?

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06-01-2011 , 03:50 AM

#11

DaycareInferno

Carpal \'Tunnel

Join Date: Jun 2007 Posts: 18,285

he was talking in the beginning about ownership deals and other important things just being handshake deals. that sounds kind of fos to me, but this is a really entertaining interview either way. great day of trainwrecks.

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06-01-2011 , 03:50 AM

#12

kep

Pooh-Bah

Join Date: Jul 2007 Posts: 3,720

Wow just wow

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06-01-2011 , 03:51 AM

#13

novahunterpa

Pooh-Bah

Join Date: Jun 2008 Posts: 5,244

Quote:

Originally Posted by Bozzytiger

They keep playing stupid songs.

thats just for the break, they'll be back in a few min

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06-01-2011 , 03:51 AM

#14

FloydTheWall

centurion

Join Date: Jan 2007 Posts: 135

break is taking a long time because rainey just got iced by a flying star.

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06-01-2011 , 03:52 AM

#15

Striving4Greatness

journeyman

Join Date: Jan 2010 Posts: 339

To clarify i think the rakeback account were available through his connections being patrick antonious's assistant and not directly from FTP.

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06-01-2011 , 03:52 AM

#16

CR15

newbie

Join Date: May 2011 Posts: 42

loved the part how he has a friend who got a job @ Stars and he had to move to Ilse of Man and work in there office while his friend who works @ Fulltilt basically works from his laptop in his kitchen whenever he feels like it.

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06-01-2011 , 03:52 AM

#17

alwaysjam

centurion

Join Date: May 2010 Posts: 144

I have a love/hate situation with QJ. I love when they somehow manage to get big names or interesting people on, and I hate every other second.

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06-01-2011 , 03:52 AM

#18

ZBTHorton

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 19,874

Quote:

Originally Posted by DaycareInferno

Meh. We definitely learned from the Clonie situation that FTP's "contracts" were pretty ...unofficial.

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06-01-2011 , 03:53 AM

#19

DaycareInferno

Carpal \'Tunnel

Join Date: Jun 2007 Posts: 18,285

Quote:

Originally Posted by Striving4Greatness

To clarify i think the rakeback account were available through his connections being patrick antonious's assistant and not directly from FTP.

he said he had two. one that he got as part of a deal when PA signed, and the other that he bought from his friend.

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06-01-2011 , 03:53 AM

#20

Keeper1125

veteran

Join Date: Mar 2008 Posts: 2,913

Quote:

Originally Posted by Striving4Greatness

To clarify i think the rakeback account were available through his connections being patrick antonious's assistant and not directly from FTP.

Obviously FTP had to know about their existence.

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06-01-2011 , 03:53 AM

#21

parkour247

journeyman

Join Date: Apr 2011 Posts: 252

Quote:

Originally Posted by DaycareInferno

Well there was some huge lawsuit regarding the Clonie Gowen's ownership of the company and it didn't appear to be very clear..

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06-01-2011 , 03:53 AM

#22

comesandgoes

adept

Join Date: Mar 2009 Posts: 809

Not the best idea to be revealing all of this now - while the funds are still up in the air.

We don't want FTP shrivel up before the funds are released, or that there is still the hope of the funds being released.