Yes, I offered Brian Balsbaugh something I offered nobody else. Phil could review the questions before an interview and have input on the cut we make of the interview.

That said, I would also welcome Phil's financial participation to help us get to the bottom of all this. Brian's got my number.

What tapes is he talking about? And what is ElevenGrover talking about?

some people just want blood

nice of phil to release this heartfelt statement

he didnt need to but he did

its the same thing ,they owe the site money. AND THE SITE OWES PEOPLE BACK MONEY THAT WAS BORROWED TO THEM WITH YOUR MONEY AND OTHERS, get a clue !!!

Are you part of a news service?

I am really struggling to believe that he really thought UB was solvent/safe after the superuser scandal broke. Among my friends who played there, and I imagine this is true for pretty much every well informed player who continued to give UB their business, their attitude 'Sure I'm going to get screwed at some point, but meanwhile the games are so good..'

So it's an open secret that Cereus is still shady as ****, and the only two people who can't see that are Phil Hellmuth and Annie Duke, who are also on their payroll. We're really expected to believe that their paycheques had nothing to do with it, that they never for one moment thought the site was still run by scumbags, that they really, honestly, looked in to the ownership issues, and the solvency issues, and did as much due diligence as they could, and were subsequently astonished to find that all was not well?

Since you stayed on because it would help players get repaid, did you continue to receive a paycheque? Because, forfeiting your paycheque would be a really good way to pay players back, and continuing to take it suggests your motives weren't all that clean. Would you please clarify Phil?

He is producing a documentary of the UB scandal.
http://www.doubleheadpictures.com/about-the-film/

Is this true? Is there a link to phil admmiting this?

+1

Kind of silly to do a logical / point-counterpoint analysis of a PR "Statement" that was clearly just written for spin and damage-control reasons. Yes, there are logical inconsistencies, and holes big enough to drive an F-1 racecar through (and then into a lamp-post)...but the objective of the statement isn't to shed any actual clarity on anything, so what's the point?

Sigh, I could deal with him being an arrogant d'bag at times and enjoyed him more over the last few years. This is wilful ignorance at best...

Cliffs: Phil says he was bluffed; tries to rebluff.

He not only stayed on and received paychecks, he also continued to receive investment payouts from his UB ownership into 2012. This is well after we learned that the operating business had less than 10% of player deposits on hand and many news sites were reporting that players were never going to see their deposits back. It is likely he received over a quarter of a million dollars in 2012.

i honestly feel like everyone that whines about him actually apologizing and saying he should pay all his wages can go away. ppl have been waaing and crying about it for so long.

its so self involved to think ppl in companies should give up their salary so that someone else should have the money. should the phone assistant at ftp give his salary so you can get ur 1k back? gtfo.

+1

Depends. If MJ knew nothing I wouldnt expect him to. If he claimed some self serving bs like:

At the time, I was led to believe that if I left UB right away the business would be impacted and then less likely to pay it's obligations to the victims.

I would expect him to. Phil stayed on bc they kept paying him tons of money plain and simple. If he really stayed on so UB would have a better chance to pay back its victims then he would give every nickel he collected from UB from that point forward to the victims. But we all know that's not why he stayed on at UB.

Though I think this is a spot on the money post, I think the problem lies with the fact Phil being the face of the site encouraged people to deposit money which was subsequently stolen. It was a mistake on his part to not investigate further what kind of **** was going down. That he now hears that his former paymasters encouraged him to stay on, under false pretences to ensure the businesses survival, probably helped the fraud and its size to go undetected for way too long. Further to that he has had a long friendship with Greg Pierson and I hope Hellmuth now has the guts to shun this criminal. If he doesn't the statement isn't worth the agent that typed it and sent it out.

Well at least we got a laugh out the stolen money when Hellmuth was playing like donk on Poker Cash game TV shows. Iam sry is he really saying that just now he believed these guys were crooks wtf man

you know he had ownership shares that he profited heavily from for a company that was insolvent and operating for quite some time, right?

You clicked on the link when you opened this thread...

How could they pay out $250k, I thought they literally ran out of money? Did they run out because in additions to servers, staff etc. they were paying Hellmuth a monthly 'dividend'? Totally scandalous. Did Annie continue receiving payments? Total they received post BF? Total post superuser scandal?

He released the wall of meaningless words only to to highlight this in case anyone missed it. Phil is looking after Phil once again.

To hear them discussing this situation and actively deciding to keep me in the dark disgusts and infuriates me.

So Phil stayed with the company to see that those cheated got paid back fully, which not only clearly didnt happen (re: the tapes) but then collected paychecks from UB and dividend payments from Iovation directly out of player funds.

He owes every single cent he was paid after 2008 by either company plus should give up his shares of Iovation to the defrauded players of UB.

Disclaimer: I never played at UB

If you can't see the difference between being a phone assistant and the face of a company then you really shouldn't be having discussions that are way over your head.