http://forumserver.twoplustwo.com/61...-week-1003866/

first reply

also 4toedstatue = nostradamus

Are you obligated by your contract to stay with FTP right now? Have you had or are looking for new offers? I would love to see you own Blom on stars.

Thanks for doing this. Huge props.

Durrrr, in your opinion is pokerstars a site with valuable software that is run legitimately or is there a danger of mismanagement of funds and fraud in this company as well?

Why would people ask Durrr what he thinks will happen? He has no idea how the DOJ will proceed, how the courts/judge will rule, etc..etc. Best thing to do is look at the past and see how anything resembling this went down. Most ponzi's the investor's who lost money were lucky to get back pennies on the dollar. Obviously, a situation like this hasn't happened yet so no real judicial precedent so anything is just a guess unless you are a lawyer. Just because durrr is super sick @ poker doesn't mean he knows anything more about how this will play then prob 99.9999% of the people here... just saying...

is Durrrr's Q&A session over? I know he left off last night to shtfaced to continue but have any mods been intouch with him in regards to getting this thread going again?

Tom,

What is your opinion of the statement Rafe Furst released?

Btw You're really handling this with real integrity.

Durrrr,

Will you ask players to help by doing what this thread suggests?

http://forumserver.twoplustwo.com/29...-news-1102182/

Maybe stupid to ask but i havnt been following this very closely,
cliffs since OP?

/e: not meant to be suspicious and i honour all the time you put in,
but why do you feel responsible to pay people 1m++ and still work
as a semi representative.

Excuse my poor english, we enjoy limited education here in germany

Tom, you are saying you are inclined to believe Howard when he says he didn't know about the player hole, so who do you think knew for sure? Ray Bitar? Ferguson? There has to be people here that are completely responsible for paying out that 400 mill in dividends over 4 yrs. It would seem impossible that Howard wasn't involved in this, no?

There is a sticky at the top of NVG that contains all of durr's answers to questions pulled out of this thread and another one, all in a convenient, easy to find separate thread.

given the recent statement by jeff iffrah saying there's a definite investor heavily looking at FTP right now and asking for the 30 day extension, can you at least confirm whether or not this is true? i'm not asking to name any names, just tell us if there really is a deal that is being negotiated between FTP and a certain investor right now.

Very interested in an answer to this question.

+1

How is this possible? I mean, a bunch of people knew of this (high stakes players, low stakes players, railbirds, etc). I'm in a fairly large poker circle, and I'd guess that 75% of them knew about this echeck deposit issue that FTP was having.

Hell, there is a huge thread here in one of the busiest subforums of the busiest poker forum on the internet about the whole thing.

How could you all directly involved with FTP not know aobut this until after BF? I don't get it.

Tom,

Do you have any idea of who the whistleblower is? I get the feeling that it was either 1.) the people who were interested in buying FTP post black friday who most likely did some extensive auditing 2.) a major financial institution along the lines of JP Morgan Chase, Bank of New York Melon, Citibank, SunFirst or 3.) an insider at FTP who wants immunity from prosecution(whistle blower protection act) or 4.) FTP's auditors. I have to question the whistle blowers motivation/incentive in bringing to light this information now, rather than many months ago. In many cases, whistleblowers can be entitled to large sums of money (between 15-30% of the monies recovered) if the information they provide is credible (as long as the fraud is above the 2m threshold).

Often people will blow the whistle a few months before the whistleblower themselves are about to get slapped with a juicy lawsuit. The timing just seems a little weird to me. Why now? Sounds to me like someone inside FTP trying to get out of this mess with their reputation intact.

Tom,

When did you first find out about the potential French investors?

Why even bother asking him any of these (good) questions? His goal seems to be to come out of this looking like a Saint, so obviously he won't be the first one to throw a stone at these whores.

Tom,

Stay away from anything to do with FTP or discussing it any further... It is clearly a cluster and at this point trying to defend their actions in any way is only going to hurt you. It is admirable you try to be honest and hopeful, but it is time to cut bait.

Tom,
I'm not sure if this had been asked yet, but do you feel like the high stakes poker scene would have never exploded the way it did if some of the top guys in ownership never got paid what they did?
I feel like some of them never would have been able to beat a 10/20nl game let alone 1k/2k if they were not kinda freerolling with the money they were getting.

P.S. thanks for doing what you are atm

sorry been a really busy day, had to wake up at 630 for the fox news interview, and then hopped on a flight outta vegas. have done a buncha interviews today and will continue to do more- but not planning on leaving this thread out. rj pmd me a buncha questions that people raised and i'll answer those now.

Here or the sticky?

i wired them $$ i think twice in 2011, but i think i had heard of the check deposit issue. that said the amount of $$ ftp was dropping in revenue was staggering (and i had a rough guess on this but it was even more than i thought), and i figured a few million here or there in processor issues weren't a big deal. Don't remember ever seeing that thread.

where do you see ftp in a year?

theres a few things that caused the huge explosion in nosebleeds online, and while ftp pros having a ton of extra cash obviously didn't hurt (especially the bad ones), it wasn't the main reason. i don't really wanna extrapolate on these kinda things b/c I'm pretty private about my thoughts on the highstakes economy/fish etc- but I'm sure other highstakes players wouldn't mind answering this- maybe someone like jman or stinger will jump in n give ya a better answer

seems really silly of AGCC to pull ftp's license. they're trying to cover their own asses here since they shoulda been on the line for making sure the player $$ was there and never allowing this to happen. pulling the AGCC license is definitely not in the best interest of the players, and the chance of a deal getting done is plenty high enough for AGCC to give ftp more time.

again not to sanction or condone ftp's ridiculous actions- but the doj and agcc both fk'd up pretty bad also