Do you owe full tilt money?

If yes, how much and what for?

i definitely question a lot of howard's decisions both before and after black friday. he either didnt have enough oversight or was an outright scumbag. i really hope it was the former even though everyone seems to think it was the later

makes a huge difference if he knew about the player fund hole before or after april 15th.

lol. i wouldn't be wasting my time with this thread if they were anywhere near close ;(

ya, the software's worth a bit. the money owed by us players who they credited funds to are worth something between 0 and a huge amount. i'm inclined to believe they get 20c or so worst case, hopefully more.

Did the potential deals with investors involve the board of directors infusing some of the stolen cash back into FTP?

id definitely take 20-1 that ftp pays out right now. i think its a bit >10% but wouldn't take 10-1 b/c i've already got an insane amount riding on it.

how widespread was this loan culture, was it common place amongst the crew?

are you definitely done with full tilt, regardless of what happens from this point forward?

1. In your opinion, is this primarily a story of colossal mismanagement or of actual intentional fraud? When you say you re happy that the DOJ intervened today are you happy because they revealed ftp as thieves or ftp as epic failures?

2. Is there a silver lining, any hope for someone to invest in the company and pay players?

they never turned down an official offer that would cover player funds and legal liability afaik. i really really think i would know if they did. i think there were some things done that were not in the best interest of the players and very much mismanagement. there were quite a few times that they failed to extrapolate that they could probably get a sufficient offer... but this is my opinion and maybe im just biased and hopeful. Their reasoning was bad imo but not completely criminal/flawed.

Tom, I guess the big question is #1 Do you consider your affiliation with FTP dead? #2 Are you looking for new sponsorship (IE Pokerstars?). #3. Do you feel that you and the other RedPros were basically left hanging by FTP Management especially considering the issues with supposedly management types at the WSOP pushing you to wear patchs for a company that was in the condition it was in?

Hi Tom,

Did you have a decent amount of your networth stuck on FTP like JungleMan?

Do you expect FTP to reopen in the future to players outside of the USA?

Are you going to relocate in the future just to be able to play online (Stars etc...) or are you content with playing live?

Thanks

Sorry if it's been asked but could you break down a couple of the most likely scenarios for FTP in the next year or so?

This. Who exactly owned Tiltware and Pockets Kings?

im never going to be a part of another bank or thing which acts like a bank without having it audited. fk getting freerolled.

When you say pay out are you referring to in full, by the doj, or the ~20c on the dollar you referred to in your previous post?

Have you heard anything regarding how this whole mess will affect online poker legislation in the US? Do you have any opinions or privileged information as to when we could see ipoker legalized?

Are there specific people you consider particularly responsible for the sad state FTP is in?

Is Ray Bitar as incompetent as he's rumored to be? If yes, what is the problem with replacing him?

I dont understand what this means. Please explain.

Although I understand what you mean by rake, I think what the DOJ mailer defines as its iteration of a Ponzi scheme is one where players who purchase chips were defrauded. It is no different than if you give Bernie Madoff $100 million to invest in the stock market and he pockets it. While FTP isn't a stock market, it is a portfolio based market. One in which you expect players funds to be held, not used for the benefit of the owners of the company. A portfolio with nothing backing it is essentially worthless, that is exactly what FTP allowed while its owners pumped their pockets will joy. Rake wasn't enough apparently and greed took over, sad but true.

In this very instance the issuance of 443 million of players funds, not profits of the company, puts it under the umbrella of a fraudulent scheme to extract money.

Although the intricacies don't need to be fully developed in my arguement I will say that this should not be shocking to anyone. Entities that don't follow under the long arm of the law, won't abide by it. Especially when there are no laws to fall under in the first place. Sad as it is, I doubt the DOJ can actually prosecute these guys for anything other than breaking hard book bound laws.

I am sorry that you ever associated with FTP, but I still respect you as a player for your game. Whilst poker players aren't always the highest of moral character this is a low blow to many of their supporters. Full Tilt Poker, learn to play, chat and get ripped off by the pros....

pre-BF, was the existance of a $300m shortfall widely known? Did you know about it? Your previous responses suggest the answer is yes to both, but maybe I'm misreading.

i mean i havent gotten paid since black friday, but i also owe them money. i'll pay what i owe whenever theres a new investor, or a credible liquidator- if not i'll give the $$ to players in whatever way i think is most fair and also legal.

Were there really handshake deals involved in the ownership of Full tilt poker?

How much money is approximately in the bank accounts that have been frozen by the DOJ?

if you give me a good reason why i should do this yea. seems like id be freerolling myself tho.