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Old 01-07-2017, 09:28 AM   #351
Geezer Soze
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by Professionalpoker View Post
PokerNews coverage: PPC alleged to be Ponzi scheme; owners charged with racketeering.
https://www.pokernews.com/news/2017/...rder-26695.htm

The headline may be a little misleading as the charge is a civil charge ATM.
Well, it's a claim in a complaint filed in a civil action; "charge" and "civil" are sort of contradictory.

An apparently ex-parte TRO is newsworthy, especially when the counsel involved is the legal columnist for the news outlet reporting it. Nice press campaign/trial being waged against Maryland Live, in my opinion.

A link to the order would be nice; this is an interesting legal matter.

Last edited by Geezer Soze; 01-07-2017 at 09:34 AM.
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Old 01-07-2017, 03:51 PM   #352
JKB22
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

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Originally Posted by Geezer Soze View Post
Well, it's a claim in a complaint filed in a civil action; "charge" and "civil" are sort of contradictory.

An apparently ex-parte TRO is newsworthy, especially when the counsel involved is the legal columnist for the news outlet reporting it. Nice press campaign/trial being waged against Maryland Live, in my opinion.

A link to the order would be nice; this is an interesting legal matter.
Here's the docket entry. The TRO is against the LLC only.

MOTION FOR TEMPORARY RESTRAINING ORDER BE, AND HEREBY IS, GRANTED; THAT PLAYERS POKER CHAMPIONSHIP, LLC IS ENJOINED FROM TRANSFERRING ANY ASSETS TO ITS MEMBERS, TO INVESTORS, TO INSIDERS, TO THIRD PARTY CREDITORS, OR OTHERWISE, PENDING FURTHER ORDER OF THIS COURT; THAT THIS ORDER SHALL EXPIRE AT 1:59 PM EASTERN TIME ON TUESDAY, FEBRUARY 7, 2017; THAT PURSUANT TO MARYLAND RULE 15-503 (A) , THE PLAINTIFFS SHALL CAUSE TO BE POSTED, WITH THE CLERK OF THIS COURT, CASH OR A BOND IN THE AMOUNT OF ONE HUNDRED DOLLARS AND NO CENTS ($100.00), AND THE SAME SHALL FOR ALL PURPOSES BE REGARDED AS AN ADVANCE EXPENSE OF LITIGATION, AS THAT TERM IS UTILIZED IN MARYLAND RULE 19-301.8 (E) (1), ENTERED. (COPIES MAILED
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Old 01-07-2017, 05:35 PM   #353
Ten5x
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by Professionalpoker View Post
PokerNews coverage: PPC alleged to be Ponzi scheme; owners charged with racketeering.
https://www.pokernews.com/news/2017/...rder-26695.htm

The headline may be a little misleading as the charge is a civil charge ATM.
I'm pretty surprised by the racketeering charge, but maybe I don't understand the term very well. Also does anyone know much about civil vs criminal? Can the government later do a criminal case after the civil case goes through? Can the government use the evidence in a civil case for a criminal case? Is the fact that a civil case is going forward first mean that it's unlikely a criminal case will be filed later or does it basically have no bearing on the probability of a criminal case being filed?
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Old 01-07-2017, 05:58 PM   #354
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

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Originally Posted by Ten5x View Post
I'm pretty surprised by the racketeering charge, but maybe I don't understand the term very well. Also does anyone know much about civil vs criminal? Can the government later do a criminal case after the civil case goes through? Can the government use the evidence in a civil case for a criminal case? Is the fact that a civil case is going forward first mean that it's unlikely a criminal case will be filed later or does it basically have no bearing on the probability of a criminal case being filed?
"an illegal lottery or gambling operation" would qualify as Racketeering
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Old 01-13-2017, 10:37 PM   #355
NashVegas
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Sche

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Originally Posted by Surfside View Post
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 ?
I won a 2500 package for 2017 on the last night in Aruba. I forgot what the exact deal was at 10-handed but when it was finalized, they passed around a list with for each winner to list name and email address. No documentation was handed out to the players and nobody questioned it. Sandy informed us that they haven't decided what the main event buy in would be for next year yet but it would probably be lowered. Package would include a main buy in and the rest in travel. I've played there three years in a row now. It was fun while it lasted.
Also got a FB message from Sandy about investment opp. I was actually thinking about it. Could have gotten screwed out of a lot more I guess.
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Old 01-13-2017, 11:31 PM   #356
aruba
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Sche

Sandy was a true salesman. He sold us all a bill of goods that was junk in the end. Sorry you got ripped off of your winnings. You are right it could have been a lot worse if you invested. I too could have been caught up in that like i mentioned before....sometimes doing nothing is the best move we never make.

Quote:
Originally Posted by NashVegas View Post
I won a 2500 package for 2017 on the last night in Aruba. I forgot what the exact deal was at 10-handed but when it was finalized, they passed around a list with for each winner to list name and email address. No documentation was handed out to the players and nobody questioned it. Sandy informed us that they haven't decided what the main event buy in would be for next year yet but it would probably be lowered. Package would include a main buy in and the rest in travel. I've played there three years in a row now. It was fun while it lasted.
Also got a FB message from Sandy about investment opp. I was actually thinking about it. Could have gotten screwed out of a lot more I guess.
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Old 01-18-2017, 06:07 PM   #357
parisron
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

PPC LEGAL MESS EXPANDS AS PLAYERS SUE TAMPA BAY DOWNS

http://www.flushdraw.net/news/ppc-le...mpa-bay-downs/
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Old 01-18-2017, 06:21 PM   #358
aruba
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Lots of suits. I am somewhat surprised by the fact no suit has gone against the host casino but its probably considerably harder being out of the country.
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Old 01-19-2017, 02:21 PM   #359
Tim Brice
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Sche

Quote:
Originally Posted by NashVegas View Post
I won a 2500 package for 2017 on the last night in Aruba. I forgot what the exact deal was at 10-handed but when it was finalized, they passed around a list with for each winner to list name and email address. No documentation was handed out to the players and nobody questioned it. Sandy informed us that they haven't decided what the main event buy in would be for next year yet but it would probably be lowered. Package would include a main buy in and the rest in travel. I've played there three years in a row now. It was fun while it lasted.
Also got a FB message from Sandy about investment opp. I was actually thinking about it. Could have gotten screwed out of a lot more I guess.
I was also sitting at the table but I was the '*******' who wouldn't chop and took the full $3k.

I can't imagine what the others are going to think when they see that they got screwed out of the money. I wounder if they will still consider me an *******.
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Old 01-20-2017, 09:54 AM   #360
GamblinRick
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

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Originally Posted by doublejoker View Post
I was under the impression that I got my entire winnings from the palms.

Was not paid anything from the organizers.

Is the video available anywhere?
I also got my full payout directly from the Palms and recall that until Palms stepped up and made the payment, we weren't getting anything from the organizers. I don't remember the details, but the important point is that Palms was liable for the full payout by NGC laws and Maryland and CT likely have similar laws.
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Old 01-23-2017, 12:55 AM   #361
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Edit made it to the first mentions: https://forumserver.twoplustwo.com/sh...&postcount=153

Has anyone mentioned this crazy article about him? http://www.sun-sentinel.com/local/br...924-story.html

Not relevant to this thread at all I just thought it wild to have that luck.
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Old 01-23-2017, 10:34 PM   #362
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

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Originally Posted by JMSLOP View Post
...Has anyone mentioned this crazy article about him? http://www.sun-sentinel.com/local/br...924-story.html

Not relevant to this thread at all I just thought it wild to have that luck.
Yes.
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Old 02-01-2017, 10:48 PM   #363
NashVegas
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Sche

Quote:
Originally Posted by Tim Brice View Post
I was also sitting at the table but I was the '*******' who wouldn't chop and took the full $3k.

I can't imagine what the others are going to think when they see that they got screwed out of the money. I wounder if they will still consider me an *******.
There was a lot of haggling going back
and forth. I don't think there should be any hard feelings. Everyone agrees or play continues.
Looking back, I'm surprised that nobody questioned not getting some sort of
documentation that we won a package. They just took our email addresses and we were all ok with it.
Doubt we have any recourse with the casino in Aruba. I'm headed there on vacation in 6 weeks. If anyone has advice for the people
who won packages for 2017 while in Aruba, I'm all ears. Seems like the people who won packages in the US can hold the casino accountable.
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Old 02-02-2017, 12:51 AM   #364
TexasDolly
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PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Is there any update as to what he status if this?


Sent from my iPhone using Tapatalk

Last edited by TexasDolly; 02-02-2017 at 01:20 AM.
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Old 02-02-2017, 10:06 PM   #365
RockySoil
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Smile Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

I won a $3500 seat to the 2017 PPC Championship at Maryland Live in December. Got a call today from poker room manager Mike Smith confirming that they did not send the money to the PPC because they got wind of the payout issues, and that I could come to the casino and claim the $3500 in cash. l hope the people owed money from the 2016 tourney get a happy ending as well.
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Old 02-20-2017, 08:32 PM   #366
ZenForest
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Just got a Facebook notification that "SP Swartzbaugh has just archived the Group PPC Aruba"

You can still view but no longer make comments on the page.

FWIW.
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Old 02-20-2017, 10:43 PM   #367
Gzesh
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by RockySoil View Post
I won a $3500 seat to the 2017 PPC Championship at Maryland Live in December. Got a call today from poker room manager Mike Smith confirming that they did not send the money to the PPC because they got wind of the payout issues, and that I could come to the casino and claim the $3500 in cash. l hope the people owed money from the 2016 tourney get a happy ending as well.
While such an added bonus could be a VERY friendly gesture, I think the players would settle for the cash.
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Old 04-01-2017, 11:32 PM   #368
ChipsAhoya
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

any update on this from anyone?
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Old 04-04-2017, 05:14 PM   #369
proudgatordad
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Yes, updates please...I won the "champion of champions" freeroll at MD Live! for a 2017 package, lol...

Sent from my SM-G930P using Tapatalk
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Old 04-16-2017, 10:00 AM   #370
Casinoplr
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

http://www.flushdraw.net/news/ppc-co...cy-protection/
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Old 04-16-2017, 11:38 AM   #371
michelle227
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

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Originally Posted by Casinoplr View Post
Whether they succeed or not, people who were effectively scammed by them should file objections with the Court. There are plenty of instances of a Bankruptcy Court denying the protection where the debts were the product of fraudulent or criminal activities...

I am guessing that the attorney(s) involved in the filing of the original litigation will be filing an objection that will be able to be used as a template for any others who were scammed.
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Old 04-28-2017, 02:20 PM   #372
verstandiglaw
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Pursuant to an order of the Circuit Court for Montgomery County, Maryland in the matter of Deutsch, et al. v. Players Poker Championship, et al., Case Number 428812-V, please take note that a lawsuit has been filed against, inter alia, (i) Players Poker Championship, LLC; (ii) Thomas Swartzbaugh a/k/a Sandy Swartzbaugh; (iii) PPC Handling Services, LLC; and (iv) Beachside Consulting Group, LLC.

Pursuant to the same order, please be further advised that each of the foregoing defendants may contact counsel for the plaintiffs, Maurice B. VerStandig, Esq., via telephone (301-444-4600) or electronic mail (mac@mbvesq.com) to receive a copy of the summonses and complaint in the above-referenced matter.

Pursuant to the same order, please be further advised that a failure to respond to the lawsuit by the sixtieth (60th) calendar day following the date of this posting (April 28, 2017) may result in the entry of a default judgment.

Sincerely,

Maurice "Mac" VerStandig, Esq.
The VerStandig Law Firm, LLC
12505 Park Potomac Avenue, Sixth Floor
Potomac, Maryland 20854
Phone: (301)444-4600
Cell: (240)351-6442
Facsimile: (301)576-6885
mac@mbvesq.com
Twitter: @mac_verstandig
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Old 04-29-2017, 01:53 PM   #373
Sellout
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Just saved $40 fee for posting in some obscure legal/local news publication.
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Old 02-21-2018, 08:02 PM   #374
Tim Brice
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

I keep getting notices in the mail about this. I have long given up any hope of recovering the funds that I am owed, but it would appear that some of the players have signed off some sort of settlement.

I found this language interesting:

"The Creditors are a mix of professional gamblers and amateur poker players. Without addressing any of their individual finances, it does necessarily stand to reason that they come from not the most collectible swath of society."
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