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Old 12-24-2016, 02:51 PM   #176
ClickItBak
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by cuserounder View Post
Typically with a traveling tour like this, the host casino pays a fee to the tour and the host casino keeps the rake. That's how it works with the WSOPc.

My bigger question is what are the expenses of this business besides their own salaries, minimal marketing and travel? Like, if you see you're not making money off of it, your options should be pretty clear of where to cut down on expenses. That is, of course, if it's on the up and up, which seems unlikely.

I'm also curious whether the host casinos will bear any liability on this. It seems like the victims are far more likely to receive compensation from Maryland Live, Foxwoods, etc, even though they didn't perpetrate the fraud obviously. They did, however, lend some significant credibility to the PPC and they do actually have money, which the PPC may not. There were 26 stops and people have said the amount owed is around 300K? That's only like 11.5K per stop, and I know there were some repeat stops, but those casinos may consider it good marketing/customer service/public relations to settle rather than be sued.... Even if they're likely to win the case.

It's also important for the poker community to hold everyone accountable in some way, so that perhaps these casinos will do a better job of looking into things as much as they can going forward. I'll admit that I have no idea what that process has been or even could be, but whatever it is obviously didn't work here.
As much as I don't feel like these casinos are responsible I think there's a good chance that some money comes from them. They were slightly negligent in not asking for some proof of escrow funds, and I think a good lawyer could use that + gaming regulations.
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Old 12-24-2016, 02:52 PM   #177
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by TheWacoKidd View Post
I'd be pretty shocked if they just stole the cash from the prize pool
Quote:
Originally Posted by Dream Crusher View Post
TheWacoKidd isn't naive at all
1 - Read the first quote.

2 - Read your quote.

3 - Repeat as necessary.
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Old 12-24-2016, 02:53 PM   #178
GentlemanJack
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by ClickItBak View Post
As much as I don't feel like these casinos are responsible I think there's a good chance that some money comes from them. They were slightly negligent in not asking for some proof of escrow funds, and I think a good lawyer could use that + gaming regulations.
Maybe. But a good gaming lawyer with that type of international experience is not easy to find and certainly not inexpensive. All of the people due funds from Aruba would need to band together to pursue that and give up a lot of their potential winnings in the process.
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Old 12-24-2016, 02:56 PM   #179
ClickItBak
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by BigJulie22 View Post
A little bit of info that may help from public records:

PPC Poker Tour appears to be a fictitious business name actively registered in Florida, the principal of which is a Florida Corporation named All In Free Poker, Inc. All In Free Poker, Inc. is a Florida Corporation which I think is currently listed as inactive with multiple unpaid tax liens against it.

The principal of All In Free Poker, Inc. is Bryan P Oulton. Someone named Thomas P Swartzbaugh Jr is likewise affiliated with that Corp. (I assume that's the same person as Sandy Swartzbaugh but am not sure.)

Hope this helps all of the victims out there.
I don't think this is the case. That was their previous company though. Here's the link to their EIN etc for PPC. http://search.sunbiz.org/Inquiry/Cor...0L100000106210
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Old 12-24-2016, 03:02 PM   #180
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by GentlemanJack View Post
1 - Read the first quote.

2 - Read your quote.

3 - Repeat as necessary.
your point of calling mr. hamby naive is ridiculous because your point was moot and misconstrued. dream crusher is baiting you. his joke and your point are mutually exclusive.

but in general, i agree, dream crusher is rightfully overlooked.
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Old 12-24-2016, 03:02 PM   #181
BigJulie22
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by ClickItBak View Post
I don't think this is the case. That was their previous company though. Here's the link to their EIN etc for PPC. http://search.sunbiz.org/Inquiry/Cor...0L100000106210
Very nice - hope this helps the victims!
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Old 12-24-2016, 03:06 PM   #182
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

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.

Last edited by Videopro; 12-24-2016 at 03:16 PM.
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Old 12-24-2016, 03:17 PM   #183
FiGMan
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by Professionalpoker View Post
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
Also incorporated at that same address in June 2013 is Beachside Consulting Group, LLC

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.
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Old 12-24-2016, 03:23 PM   #184
Madison Poker
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by WICOWBOYFAN1 View Post
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...........
Mark disavowed himself of the PPC, as did Ronnie Bardah and Chris Wallace, through the MPC statement. Ronnie and Chris each make comments from time to time, but ironically, Mark is not very competent when it comes to this online posting stuff
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Old 12-24-2016, 04:37 PM   #185
BulltexasATM
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Here is a link to the article for anyone too lazy to Google.

http://www.sun-sentinel.com/local/br...924-story.html

Possibly Bryan will be joining his father behind bars soon.
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Old 12-24-2016, 04:43 PM   #186
mbrown1833
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by BulltexasATM View Post
Here is a link to the article for anyone too lazy to Google.

http://www.sun-sentinel.com/local/br...924-story.html

Possibly Bryan will be joining his father behind bars soon.
no one seems to care about this and thinks they're mutually exclusive. i disagree because of the interest of what the mother was concerned about before she was taken out by the father.
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Old 12-24-2016, 07:01 PM   #187
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by Dream Crusher View Post
TheWacoKidd isn't naive at all. Perhaps you didn't understand the wording he used.
Quote:
Originally Posted by GentlemanJack View Post
1 - Read the first quote.

2 - Read your quote.

3 - Repeat as necessary.

1 - Read the first quote.

2 - Read your quote.

3 - Repeat as necessary.


Quote:
Originally Posted by mbrown1833 View Post
no one seems to care about this and thinks they're mutually exclusive. i disagree because of the interest of what the mother was concerned about before she was taken out by the father.
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).
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Old 12-24-2016, 07:36 PM   #188
dabox007
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Just got a text from a friend saying,

"Dude, Sandy didn't send me the $400 flight credit last year and gave me a BS email excuse as well. So, when I saw him next time at Live I walked up to him and said DUDE YOU OWE ME $400! He instantly peeled off four $100 bills out of his pocket. I thought it was an isolated incident, but clearly he paid people who confronted him, or who were well known players. I wish I would have known differently, or told more people."
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Old 12-24-2016, 09:00 PM   #189
Stinger88
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

website is effectively a landing page now with no clickable links: https://www.dropbox.com/s/qwko9t2feq...02.46.png?dl=0

saddened but not surprised by this. Sandy contacted me a few times to try to get me to play tourneys but I never went. lucky I guess.
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Old 12-24-2016, 09:55 PM   #190
Mason Malmuth
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by Jbrochu View Post
This madison poker guy seems to be awfully full of himself.
Hi Jbrochu:

I think this comment is uncalled for. I suspect that Madison Poker feels quite humbled by the events and is doing the best he can under the negative circumstances.

Best wishes,
mason
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Old 12-24-2016, 09:57 PM   #191
Mason Malmuth
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by hedgecock View Post
My short article on this story is now up (minus the recent Madison stuff which appeared too late). I'm not allowed to link it, but if you want to read it I'm sure you'll be able to find it.

Hope it helps to spread the word to potential players and sponsors, and thanks to 2+2 guys for the information.

Andrew Burnett
Let's make an exception. So go ahead and link it as well as any updates you might have in the future.

Best wishes,
Mason
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Old 12-24-2016, 11:20 PM   #192
gostatego
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by jonchillmatic View Post
I doubt they planned on not paying the final table members and just stealing the money from this event. That doesn't make any sense.

The ability for them to maintain their lifestyle was based on money coming in from this tour. Why would they flush that away for this prize pool?

Don't get me wrong I'm not saying it's not scummy I just think it collapsed simply because the new money < what was owed.
yeah this makes the most sense
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Old 12-24-2016, 11:51 PM   #193
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by Mason Malmuth View Post
Let's make an exception. So go ahead and link it as well as any updates you might have in the future.

Best wishes,
Mason
Thanks Mason

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
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Old 12-25-2016, 02:48 AM   #194
kimoser22
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Beachside Consulting Group seems to be running the Aruba poker room. Or at least posted the job posting for poker room manager in Aruba.
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Old 12-25-2016, 03:02 AM   #195
DalmatianFlush
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by Madison Poker View Post
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.

Quote:
Originally Posted by Madison Poker View Post
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.
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:
Originally Posted by Madison Poker View Post
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.
This guy brought it on himself. No sympathy here.
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Old 12-25-2016, 03:22 AM   #196
ClickItBak
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by kimoser22 View Post
Beachside Consulting Group seems to be running the Aruba poker room. Or at least posted the job posting for poker room manager in Aruba.
Can you provide proof of this anywhere? This company is in fact owned by Sandy (Thomas) and Bryan according to sunbiz. http://search.sunbiz.org/Inquiry/Cor...0L160000578580
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Old 12-25-2016, 03:57 AM   #197
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Here's the job posting that someone referenced:

http://www.indeed.com/m/viewjob?jk=c17a3728ebbe3b6f
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Old 12-25-2016, 04:21 AM   #198
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Met these two at the Isle in Pompano Beach last year, seemed like dbags. Overall the tournaments I played in were fairly well run and had great attendance, such a shame.
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Old 12-25-2016, 12:32 PM   #199
kimoser22
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Re: PPC Poker Tour ( Bryan Oulton &amp;amp; Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by DalmatianFlush View Post


This guy brought it on himself. No sympathy here.
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
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Old 12-25-2016, 12:33 PM   #200
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Re: PPC Poker Tour ( Bryan Oulton & Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.

Quote:
Originally Posted by Madison Poker View Post
Mark disavowed himself of the PPC, as did Ronnie Bardah and Chris Wallace, through the MPC statement. Ronnie and Chris each make comments from time to time, but ironically, Mark is not very competent when it comes to this online posting stuff
To be clear..............
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?
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