Seems like it would be pretty easy to prove civil fraud which would in theory pierce the corporate veil, also what claims would have priority over players? I agree they may be put on equal footing as other claims though do actual damages come before normal liens (no idea)? Players prob won't see much in recovery as blood is hard to get from a stone.

Priority claims in bk for something like this entity would mostly be unpaid wage claims (if they even had employees), maybe some current lease payments, and possibly some taxes. Also, there are a lot of useful tools for recovery of money from non-Debtor third parties in the bankruptcy code that don't require actual fraud for recovery, as well as some state laws like fraudulent transfers that might be useful as well (I'm not familiar with FLA law). Putting the entity into an involuntary bankruptcy may not actually be the worst thing ever as far as trying to recover money and going after Oulton and Swartzbaugh.

The problem is that the money involved in this instance seems to be fairly small potatoes and the professional fees (lawyers) and the Trustee fees always get paid first before payments on claims. So there may very well be only cents on the dollar left through the bk process.

If there is fraud, they can go after the individual owners and that may very well be the best pressure point in this case. If there is fraud, any judgment would not be dischargeable in the individuals bk filings should that ever happen (entities like an LLC don't get bk discharges).

I hope to see that the individual owners are eventually gone after because this does seem more like an instance where players funds intended specifically for the prizepool were wrongfully/fraudulently/inappropriately used for other things.

why not Criminal Fraud ?

Civil cases usually involve private disputes between persons or organizations. Criminal cases involve an action that is considered to be harmful to society as a whole

While only specific people were hurt by The Bernie Madoff Ponzi Scheme, it was prosecuted as a Criminal vs Civil case. Because running Ponzi Schemes is against the wishes of our Society.

While on a smaller scale, why would this be different ? Stealing a car would be a Criminal Case, and that would involve way less money.

I assume you have to prove something like intent to defraud/criminal negligence. Right now, it's not clear if there was intent to defraud/criminal negligence or if they just ran out of money paying off creditors/making bad business decisions while running an unprofitable business.

Innocent people usually don't run and hide.

As soon as they co-mingled player funds with operating funds, they were negligent.

I would be visiting Brian face to face....it would not go well for him either if I was one of the final table members and I did not get paid.

No, you wouldn't. Yes, it would.

Please expand on these thoughts.

Strange to me that the mods are so bent on deleting any reference to vigilantism in these situations.


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because its dumb and literally never happens.

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If I was owed 100k you can bet you last dollar I would visit him-

and I'm godzilla and it's true because I typed it on the internet

Legal folk: don't the local casinos have some responsibility here? When we gave the casinos our $ for the Aruba sattys and qualifiers, our financial relationship was with the casino, not with '2 guys in Florida'. We competed in their casino for a prize that turned out to be quite less than expected, to be kind. 20% was raked for that non-prize.
Shouldn't the local casinos have sent the collected money directly to the Aruba Hilton, hopefully a well-regulated business, instead of to '2 guys in Florida'? When I play at the WPT open at Borgata, I don't expect the Borgata to send the prize $ to the Royal Flush Girls, or Mike Sexton, to 'hold' until the winners need to be paid! Isn't this an analogous situation? And if the casinos did send the $ directly to the Hilton, doesn't the Hilton have some sort of escrow responsibility?

That's where I'd start if I won an entry or travel fees. A simple inquiry to the local gaming commission is free and may actually yield results.

Easy fix hire Bryan Oulton's dad to take care of problem. Oh wait he is in jail for murdering his wife(Bryan's mother). Oulton's life is like the Titanic
http://www.sun-sentinel.com/local/br...924-story.html

Your pony is slow.

+1

Yes, surely the host casinos are liable here.

Plaintiff: "I played in a tournament at a casino, paid my money, won a prize, and the prize turned out to be bogus"

Casino: "um, yeah, Judge, but....... we gave all the buy-in money for prizes to these two dudes from Florida, and they like, promised us this whole thing was totally cool. It's not our fault, man."

The point is the casinos have no defense. They are the victims of the two dudes from Florida and they should be the ones chasing them around in court, not the players. The players need to be made whole by the casinos. The casinos rolled the dice on this PPC thing, apparently without ensuring proper safeguards, and lost.

His horse came in third in a 3 horse race.

I postulated the same upstairs ITT but prob typed before thinking too deeply.

First of all, any statements about gaming regs should be state specific.

But, common among all is that poker rooms adhere to both their casinos Internal Controls (ICCs) and state gaming regs. ICCs are put in place to adhere to gaming regs among other things.

The degree varies by state, but each room must get each type of tourny approved in advance whether it be a Nightly $35 or a WSOPc.

The rooms ran the tournies and gave the money to the PPC organizers as described in the pre-approvals to host the event.

Assuming rooms adhered to local gaming regs, then casinos are sort of victims as well, maybe not financially but in reputation and customer goodwill.

EDIT:
holy ceerap just saw that

Bryans life sucks! I can't imagine going through life with his pain....losing his mom and having his dad be the killer is heartbreaking actually. That said, I hope he joins his dad in prison. Put them in the same cell....and let them fight it out as far as I am concerned.

I recently won the package from Foxwoods for the 2017 Aruba tournament. After reading this I reached out to Foxwoods questioning them about the situation.

Rob, in the poker tournament department said that he was 90% sure Foxwoods will be reimbursing the funds for the package to the players directly. He is waiting for the head guy, Juan I believe, to get back from out of the country. Then they would be reaching out to those who won the packages with info regarding payment. The tone I understood seems like they've already cut ties with PPC and are looking to distance themselves from the situation quickly and with the players in mind.

I know this does little for those who are owed money from PPC, however its a starting point for those who are owed 2017 packages.

They also did not honor the last tournament of the night winners. It was for 5 $3000 Aruba packages for next year 2017. I was one of the winners of that so called tournament. I sent a email with no response. I also won the double black bounty tournament and was paid, but have been left high and dry on the $3000 package tournament. Any suggestions or comments ?

Have you tried calling Sandy or Bryan on the phone ?

Yes with no response, I've also sent several email with no response.