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PokerStars sues Erick Lindgren over .5m in unpaid debts PokerStars sues Erick Lindgren over .5m in unpaid debts

02-05-2015 , 09:46 AM
I prefer:

PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 10:08 AM
Full Tilt PRO !

PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 10:23 AM
I'm ashamed of how much pleasure I get out of seeing bad things happen to the jerkoffs who achieved fame playing poker in the mid-2000s.
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 10:31 AM
Quote:
Originally Posted by Sect7G
In that scenario yes they can and banks have done this in the past. Having said that going after Lindgren is not going to recoup the lost money so what's the point.

He's a scumbag obviously, but I feel that highlighting this point will only shine a darker light on poker in general and this isn't what Amaya needs when they are trying to get back in the US market.
to put this sob in his rightfull place`
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 11:05 AM
Quote:
Originally Posted by Sect7G
Probably some truth to this. If they can win a judgement against Lindgren then they have the portal to sue others that actually have the means to pay back the funds.
In the settlement with the DOJ there were a handful of players that were connected to full tilt whose debts were not discharged. This gave Stars the right to go and collect those debts. I can't remember 100%, but I think these were owners of full tilt! such as Ivey, Juanda, Lindgren etc etc.. There could have been a few players who owed larger sums that weren't owners, but I can't remember the list off the top of my head.

All other debts that regular players owed, from such things as payments not collected by their processors, Stars gave up the rights to collect. Those players who owed money through processors got a walk.
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 03:01 PM
my memory is a lil hazy, but didnt Eric win a large FTOPS event he was hosting back in ~2008? Seem to remember him getting in it vs a set on the flop HU and runner running a str or a flush to take it down.
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 03:56 PM
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 03:56 PM
Can't wait to hear DN spin this.
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 04:11 PM
Quote:
Originally Posted by bbfg
Can't wait to hear DN spin this.
your not going to hear a peep
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 04:14 PM
Yeah PS definitely has a gag the size of an exercise ball shoved down daniels throat on this one
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 04:21 PM
Quote:
Originally Posted by bumpnrun
my memory is a lil hazy, but didnt Eric win a large FTOPS event he was hosting back in ~2008? Seem to remember him getting in it vs a set on the flop HU and runner running a str or a flush to take it down.
FTOPS 7, Event 9

I looked it up just to confirm. Can't believe it's nearly been 7 years.
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 04:26 PM
Quote:
Originally Posted by bumpnrun
my memory is a lil hazy, but didnt Eric win a large FTOPS event he was hosting back in ~2008? Seem to remember him getting in it vs a set on the flop HU and runner running a str or a flush to take it down.
Seems likely to happen.
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 04:34 PM
I thought it was impossible to sue someone for loss/theft if the theft occurred as part of an illegal activity by the injured party. For example, can a meth dealer sue a junkie for not paying what he owes him?
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 04:43 PM
what illegal activity....playing poker? lol...
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 04:45 PM
Quote:
Originally Posted by pocket_zeros
I thought it was impossible to sue someone for loss/theft if the theft occurred as part of an illegal activity by the injured party. For example, can a meth dealer sue a junkie for not paying what he owes him?
Yes, that is true. A contract must be for a legal object to be enforceable.

But the example given above is not analogous to the Lindgren-FT issue. At the time the loan and the mistaken deposit was Lindgren and FT were contracting for a legal object. That FT was involved in shady dealings does not mean the Lindgren-FT issue was illegal.

Say a bank makes fraudulent mortgages with some customers. They also make legal mortgages with other customers. Are the customers with legal mortgages off the hook for the loan amounts because some of the banks loans were illegal? Of course not.
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 04:49 PM
Quote:
Originally Posted by Bennett_St.Leger
Yes, that is true. A contract must be for a legal object to be enforceable.

But the example given above is not analogous to the Lindgren-FT issue. At the time the loan and the mistaken deposit was Lindgren and FT were contracting for a legal object. That FT was involved in shady dealings does not mean the Lindgren-FT issue was illegal.

Say a bank makes fraudulent mortgages with some customers. They also make legal mortgages with other customers. Are the customers with legal mortgages off the hook for the loan amounts because some of the banks loans were illegal? Of course not.
I assumed the transaction for the funds loaned to Erick would be considered illegal under UIGEA.
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 05:04 PM
Quote:
Originally Posted by pocket_zeros
I assumed the transaction for the funds loaned to Erick would be considered illegal under UIGEA.
I would not assume that. I'd assume attorneys for Lindgren will consider the argument.
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 05:17 PM
I think this an amazing 3rd level move by Amaya

The previous management signed DNegs up on a ridiculous 10 yr 3 mill a year type deal and they obviously dont want to honour this with DN spewing ******ness all over and quite frankly they realise he was never worth that sort of cash in the first place

They also dont want to terminate his contract and subsequently have to pay it out

Baazov, aware that Degengren and DN are bosom buddies, gets the idea to sue in order to "recoup" the 2 milly from Eric

Amaya KNOWS this will make DNs position within the company untenable but they can claim its only business

DN with his high moral "friends can steal its old school" code will be forced to "resign" and Amaya dont have to pay him a cent AND hes out of their hair
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 05:20 PM
haha DN.. out of their "hair"... zing!
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 05:40 PM
Quote:
Originally Posted by bjsmith22
Yeah PS definitely has a gag the size of an exercise ball shoved down daniels throat on this one
But in Daniel's case gag orders mean nothing. He's a man of the people and no amount of money will prevent him from speaking his mind.
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 06:11 PM
Quote:
Originally Posted by pocket_zeros
I assumed the transaction for the funds loaned to Erick would be considered illegal under UIGEA.
Do you have a lot of precedence for that being a successful defense?

What exactly do you google to find the answer: Can I keep money I received illegally?
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 06:13 PM
Quote:
Originally Posted by pocket_zeros
I assumed the transaction for the funds loaned to Erick would be considered illegal under UIGEA.
The DOJ said otherwise in their settlement with Pokerstars.
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 06:40 PM
Quote:
Originally Posted by OJsBludyNife
He will argue that the two million deposited into his full tilt account had zero value when he received it. He will be correct.
I doubt he can make that argument at all. The obvious assumption being he cashed it out and was paid twice. So no.
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 07:23 PM
Quote:
Originally Posted by insyder19
Friend of mine who used to play poker long ago told me that Lindgren used to be one of the strongest online grinder when online poker started. He was basically living in a small apartment and grinding online full time.

Can anyone confirm this? I just wonder how you can turn this way.
IIRC this was correct. Some of the details might be off here, but i remember hearing an interview with him 8-10 years ago, i think on the podcast that Mike & Adam had before the 2+2 one, where they said they can remember him being one of the biggest winners on one of the early sites (planet poker? He might have been a house player?), and how he was basically always online and playing as many tables as possible (which prob wasnt much back then, this was obv way before Nano etc).

Quote:
Originally Posted by Daddy Warbucks
IIRC this was correct. Some of the details might be off here, but i remember hearing an interview with him 8-10 years ago, i think on the podcast that Mike & Adam had before the 2+2 one, where they said they can remember him being one of the biggest winners on one of the early sites (planet poker? He might have been a house player?), and how he was basically always online and playing as many tables as possible (which prob wasnt much back then, this was obv way before Nano etc).
Correction (confirmed by thinking about it): Paradise Poker.

Last edited by Mike Haven; 02-05-2015 at 10:56 PM. Reason: 2 posts merged
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote
02-05-2015 , 07:49 PM
Quote:
Originally Posted by au4all
Do you have a lot of precedence for that being a successful defense?

What exactly do you google to find the answer: Can I keep money I received illegally?
I tried "illegal contract enforceable" and got some useful links, including this one:

Cliffs: In at least one recent decision, a state court has refused to enforce loan agreements between two investors and a retail medical marijuana shop operating in Colorado.

http://lawprofessors.typepad.com/mar...forceable.html
PokerStars sues Erick Lindgren over .5m in unpaid debts Quote

      
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