PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.
12-24-2016
, 03:02 PM
but in general, i agree, dream crusher is rightfully overlooked.
12-24-2016
, 03:06 PM
Thought it might be a mail drop but maybe not.
Detail by Entity Name
Florida Limited Liability Company
PLAYERS POKER CHAMPIONSHIP, LLC
Filing Information
Document Number
L10000010621
FEI/EIN Number
45-4667858
Date Filed
01/28/2010
Effective Date
01/25/2010
State
FL
Status
ACTIVE
Principal Address
4701 N FEDERAL HWY
SUITE #301
POMPANO BEACH, FL 33064
Changed: 04/20/2011
Mailing Address
4701 N FEDERAL HWY
SUITE # 301
POMPANO BEACH, FL 33064
Changed: 04/20/2011
Registered Agent Name & Address
OULTON, BRYAN P
4701 N FEDERAL HWY
SUITE 301
POMPANO BEACH, FL 33064
Address Changed: 04/20/2011
Authorized Person(s) Detail
Name & Address
Title MGRM
OULTON, BRYAN P
4701 N FEDERAL HWY, SUITE 301
POMPANO BEACH, FL 33064
Title MGRM
SWARTZBAUGH, THOMAS PJR
4701 N FEDERAL HWY, SUITE 301
POMPANO BEACH, FL 33064
Annual Reports
Report Year Filed Date
2014 04/09/2014
2015 04/06/2015
2016 01/25/2016
Edit:
Searching the address comes up with
So they may not be in there anymore or Bryan Oulton works out of that office.
Detail by Entity Name
Florida Limited Liability Company
PLAYERS POKER CHAMPIONSHIP, LLC
Filing Information
Document Number
L10000010621
FEI/EIN Number
45-4667858
Date Filed
01/28/2010
Effective Date
01/25/2010
State
FL
Status
ACTIVE
Principal Address
4701 N FEDERAL HWY
SUITE #301
POMPANO BEACH, FL 33064
Changed: 04/20/2011
Mailing Address
4701 N FEDERAL HWY
SUITE # 301
POMPANO BEACH, FL 33064
Changed: 04/20/2011
Registered Agent Name & Address
OULTON, BRYAN P
4701 N FEDERAL HWY
SUITE 301
POMPANO BEACH, FL 33064
Address Changed: 04/20/2011
Authorized Person(s) Detail
Name & Address
Title MGRM
OULTON, BRYAN P
4701 N FEDERAL HWY, SUITE 301
POMPANO BEACH, FL 33064
Title MGRM
SWARTZBAUGH, THOMAS PJR
4701 N FEDERAL HWY, SUITE 301
POMPANO BEACH, FL 33064
Annual Reports
Report Year Filed Date
2014 04/09/2014
2015 04/06/2015
2016 01/25/2016
Edit:
Searching the address comes up with
So they may not be in there anymore or Bryan Oulton works out of that office.
Last edited by Videopro; 12-24-2016 at 03:16 PM.
12-24-2016
, 03:17 PM
Quote:
Thought it might be a mail drop but maybe not.
Detail by Entity Name
Florida Limited Liability Company
PLAYERS POKER CHAMPIONSHIP, LLC
Filing Information
Document Number
L10000010621
FEI/EIN Number
45-4667858
Date Filed
01/28/2010
Effective Date
01/25/2010
State
FL
Status
ACTIVE
Principal Address
4701 N FEDERAL HWY
SUITE #301
POMPANO BEACH, FL 33064
Changed: 04/20/2011
Mailing Address
4701 N FEDERAL HWY
SUITE # 301
POMPANO BEACH, FL 33064
Changed: 04/20/2011
Registered Agent Name & Address
OULTON, BRYAN P
4701 N FEDERAL HWY
SUITE 301
POMPANO BEACH, FL 33064
Address Changed: 04/20/2011
Authorized Person(s) Detail
Name & Address
Title MGRM
OULTON, BRYAN P
4701 N FEDERAL HWY, SUITE 301
POMPANO BEACH, FL 33064
Title MGRM
SWARTZBAUGH, THOMAS PJR
4701 N FEDERAL HWY, SUITE 301
POMPANO BEACH, FL 33064
Annual Reports
Report YearFiled Date
201404/09/2014
201504/06/2015
201601/25/2016
Detail by Entity Name
Florida Limited Liability Company
PLAYERS POKER CHAMPIONSHIP, LLC
Filing Information
Document Number
L10000010621
FEI/EIN Number
45-4667858
Date Filed
01/28/2010
Effective Date
01/25/2010
State
FL
Status
ACTIVE
Principal Address
4701 N FEDERAL HWY
SUITE #301
POMPANO BEACH, FL 33064
Changed: 04/20/2011
Mailing Address
4701 N FEDERAL HWY
SUITE # 301
POMPANO BEACH, FL 33064
Changed: 04/20/2011
Registered Agent Name & Address
OULTON, BRYAN P
4701 N FEDERAL HWY
SUITE 301
POMPANO BEACH, FL 33064
Address Changed: 04/20/2011
Authorized Person(s) Detail
Name & Address
Title MGRM
OULTON, BRYAN P
4701 N FEDERAL HWY, SUITE 301
POMPANO BEACH, FL 33064
Title MGRM
SWARTZBAUGH, THOMAS PJR
4701 N FEDERAL HWY, SUITE 301
POMPANO BEACH, FL 33064
Annual Reports
Report YearFiled Date
201404/09/2014
201504/06/2015
201601/25/2016
And in April 2016 PPC Handling Services LLC.
Both Swartzbaugh and Oulton listed as management.
Last edited by FiGMan; 12-24-2016 at 03:22 PM.
12-24-2016
, 03:23 PM
Quote:
AUGUST 7th, 2014..........
PPC Poker Tour Adds Mark “P0ker H0” Kroon as Team Pro; Player’s Bar Becomes Sponsor
As a Team Pro AND a sponsor, has Mark commented on any of the latest PPC INactivity or lack of response?
I would like to hear his take on this. He seems like a respectable guy that would be willing to comment...........
PPC Poker Tour Adds Mark “P0ker H0” Kroon as Team Pro; Player’s Bar Becomes Sponsor
As a Team Pro AND a sponsor, has Mark commented on any of the latest PPC INactivity or lack of response?
I would like to hear his take on this. He seems like a respectable guy that would be willing to comment...........
12-24-2016
, 04:37 PM
12-24-2016
, 04:43 PM
12-24-2016
, 07:01 PM
1 - Read the first quote.
2 - Read your quote.
3 - Repeat as necessary.
This sounds like a real stretch to me but it is a valid point. There is certainly a possibility that she had valid concerns about things that ultimately caused the funds to disappear. Aside from that, the reason I think the murder is pertinent is simply in regards to the son's ethical compass (he had an extremely poor male role model).
12-24-2016
, 09:55 PM
12-24-2016
, 09:57 PM
12-24-2016
, 11:51 PM
https://www.pokertube.com/poker-news...-scheme-claims
It's had a few thousand hits already so hopefully has proved useful to some, although it's far from being a deep insight into the situation - just wanted to get 'something' out there asap
Kind regards,
Andy Burnett
12-25-2016
, 03:02 AM
Quote:
I manage a forum in Madison, WI that sends a large contingent of players to not only the PPC stops at Ho-Chunk Wisconsin Dells, but as well as other stops, and Aruba. I have personally won trips to Aruba each of the last 2 years. Also, I am personal friends with people involved with the tour and also with players owed money.
My travel credits have always been taken care of, not always timely (as in it would be nice to be paid out this money at the tour stop instead of having to wait until October or even Aruba), but they have always been paid and never AFTER Aruba.
In those 2 years, it was always my understanding based on both the laws in Aruba and in the United States, that the PPC would pay up to $10,000 of all players earnings on the spot ($10K being the amount that a person may carry into the US without having to declare anything). I believe that this was done for the entire Final Table this year and would be SHOCKED to hear anything different.
I was contacted recently regarding a delay in payouts to players at this year's final table. Sandy, PPC Commissioner, stated [in an email to a recipient, that it usually took 15-20 business days for money to be cleared by the Aruban Government and that payouts should occur shortly. [I have dates for these emails, but at the moment, I'm not concerned with the exact timeline] If any of you have ever dealt with a foreign government, you'll know that 15-20 business days could easily be an estimate and that time frame could vary from year to year. As of today it has been 25 business days since the PPC would have requested a transfer of funds through government procedures.
My point is this, since Black Friday poker players have EVERY right to be cautious and concerned with payouts. I will be keeping a close eye on this thread, but it is my guess that this is simply a case of bad timing on the part of the Aruban Government and a lack of urgency on the part of the PPC. Furthermore, I would be surprised to hear if anybody at the Final Table hadn't heard from Sandy or Bryan of the PPC within 48 hours of them learning about this thread. Finally, if you have issues regarding travel reimbursements, I would highly suggest you contact the PPC immediately. If you're having troubles contacting them, DM me and I'll do what I can to help.
Quote:
I have no current working relationship with the PPC and in the past there were only loose connections at best. As far as working with them in the future, assuming all works out today, I would definitely need further assurances and information as to what the situation was.
In those 2 years, it was always my understanding based on both the laws in Aruba and in the United States, that the PPC would pay up to $10,000 of all players earnings on the spot ($10K being the amount that a person may carry into the US without having to declare anything). I believe that this was done for the entire Final Table this year and would be SHOCKED to hear anything different.
I was contacted recently regarding a delay in payouts to players at this year's final table. Sandy, PPC Commissioner, stated [in an email to a recipient, that it usually took 15-20 business days for money to be cleared by the Aruban Government and that payouts should occur shortly. [I have dates for these emails, but at the moment, I'm not concerned with the exact timeline] If any of you have ever dealt with a foreign government, you'll know that 15-20 business days could easily be an estimate and that time frame could vary from year to year. As of today it has been 25 business days since the PPC would have requested a transfer of funds through government procedures.
My point is this, since Black Friday poker players have EVERY right to be cautious and concerned with payouts. I will be keeping a close eye on this thread, but it is my guess that this is simply a case of bad timing on the part of the Aruban Government and a lack of urgency on the part of the PPC. Furthermore, I would be surprised to hear if anybody at the Final Table hadn't heard from Sandy or Bryan of the PPC within 48 hours of them learning about this thread. Finally, if you have issues regarding travel reimbursements, I would highly suggest you contact the PPC immediately. If you're having troubles contacting them, DM me and I'll do what I can to help.
Quote:
I have no current working relationship with the PPC and in the past there were only loose connections at best. As far as working with them in the future, assuming all works out today, I would definitely need further assurances and information as to what the situation was.
12-25-2016
, 03:57 AM
12-25-2016
, 04:21 AM
12-25-2016
, 12:32 PM
Oh hai Sandy...though on a serious note, as American Greed is my guilty pleasure show, the PPC seems like your classic Ponzi Scheme...
PPC gets fees from host casinos, plus gets "float" from deferred main event fees, plus prob has some sort of JV with the poker room in Aruba where they drive X players to Aruba in order to keep Y% of the rake for the month of the PPC or what not...prob could make like 40-50k a year (assuming like 2500 fee per casino) per owner just by bootstrapping the company...
Instead they get greedy, get investors to buy-in, spend the investor money/ deferred buy-ins, and use new fees/ investor fundraising to pay current liabilities until the new client funding runs out and there is no money left, the final table holders are left holding the bag. Bryan and Sandy disappear and resurface in a year or two and run another scheme, rinse,
Repeat
PPC gets fees from host casinos, plus gets "float" from deferred main event fees, plus prob has some sort of JV with the poker room in Aruba where they drive X players to Aruba in order to keep Y% of the rake for the month of the PPC or what not...prob could make like 40-50k a year (assuming like 2500 fee per casino) per owner just by bootstrapping the company...
Instead they get greedy, get investors to buy-in, spend the investor money/ deferred buy-ins, and use new fees/ investor fundraising to pay current liabilities until the new client funding runs out and there is no money left, the final table holders are left holding the bag. Bryan and Sandy disappear and resurface in a year or two and run another scheme, rinse,
Repeat
12-25-2016
, 12:33 PM
If you are a sponsor OR a poker pro for someone like the PPC, is there any recourse of action if the company you support and sponsor turns out to be a bunch of thieves?
Is/ Was there any benefits, money or free entries given to these "Pros"?
I'm just looking for answers into what a "poker pro" for a specific business actually means?
Seems like another scam if the business you "sponsor" or are a "pro" for goes bankrupt, and you can just "disavowed", and choose not to post/comment......
Thoughts?