questions/open thread for ftp - Page 5 - Poker News

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.

Does anyone know who the players were that were credited?

Is this just a small number of people with large balances each or thousands of people that were making deposits, saw that their bank account wasn't deducted by that amount, but continued playing?

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09-20-2011 , 06:36 PM

#102

smooth101

Pooh-Bah

Join Date: Feb 2010 Posts: 4,596

Quote:

Originally Posted by durrrr

i really hope its none.

Hey, this actually answers my question as well.

But I have a very some interesting questions that I do not know if you have seen:

http://forumserver.twoplustwo.com/sh...&postcount=554

"durrrr did you knowingly get paid from FTP with player deposits? If you knew that the deposits were not coming in for months did you question where the money was coming from? Are you still planning on committing one million dollars to players that are unable to collect?"

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09-20-2011 , 06:37 PM

#103

durrrr

veteran

Join Date: Jul 2005 Posts: 3,024

Quote:

Originally Posted by NerdAtTheCoolTable

What is the player contract for someone who is a sponsored pro of FTP?

varied a lot player to player- hopefully some other sponsored pros will come in here and mention theirs. i feel a little less required to mention mine since im giving all the $$ back, but i feel like people who arent giving all $$ back at least owe the information of what their contract was to the community. feel free to explain why my reasoning's wrong and if u convince me ill go into more detail.

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09-20-2011 , 06:38 PM

#104

dag2

banned

Join Date: Jun 2010 Posts: 21

Quote:

Originally Posted by durrrr

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

It would give everyone an exact picture of the relationship pros such as yourself specifically and that generally others had with FTP.

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09-20-2011 , 06:38 PM

#105

97Suited

banned

Join Date: Sep 2010 Posts: 595

can/will you tell us how much money you owe fulltilt ? and why you took out a loan with them instead of using your own money ?

Thanks again for this thread and actually talking and explaining things

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09-20-2011 , 06:38 PM

#106

AlphaScorpii

Verified Coach CFP, NLHE

Join Date: Feb 2010 Posts: 650

Quote:

Originally Posted by durrrr

i mean i havent gotten paid since black friday, but i also owe them money.

They paid you 1m+ and you owe them money? How can that be? (loans like Ivey or?)

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09-20-2011 , 06:38 PM

#107

boombangabang

old hand

Join Date: Oct 2009 Posts: 1,608

Quote:

as far as i know there was 1 extremely bad decision made (the right decision would've been to stop processing to us players while still allowing them to play on the site), and a slew of terrible decisions made trying to avoid owning up to the 1st bad decision

Was this 'extremely bad decision' made through (iyo), naivety? Not wanting to face the consequences? Or pure scumminess?

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09-20-2011 , 06:38 PM

#108

hussainsajwani

old hand

Join Date: Jun 2010 Posts: 1,893

in your opinion if ftp fails to pay the full amount to players, what ihmo should the fair consequences for the mgt involved

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09-20-2011 , 06:38 PM

#109

durrrr

veteran

Join Date: Jul 2005 Posts: 3,024

Quote:

Originally Posted by smooth101

i mean cmon, would i be doing this thread if i was knowingly getting paid with player deposits instead of sitting in costa rica w/ a buncha blow?

obviously that would've made me feel terrible and i wouldve insta-quit ftp and gone whistleblower if they didnt shut down at least us deposits had i found out about a gaping player fund hole pre black-fri.

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09-20-2011 , 06:39 PM

#110

Ivan_Drago45

newbie

Join Date: Feb 2008 Posts: 15

Durrrr, you referred to "one big mistake in 2010" as the initial cause of all of this. Can you elaborate on what this mistake actually was? I saw where you said it was due to crediting player accounts when they couldn't get the money, but I don't understand how doing this once can take a multi-hundred-million-dollar company and put it in the red.

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09-20-2011 , 06:39 PM

#111

HeavyTrev

adept

Join Date: Feb 2009 Posts: 1,189

A lot of people are saying Ivey might be assisting the DOJ and that's why his name wasn't included. Do you think it's possible or another reason they left him out?

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09-20-2011 , 06:39 PM

#112

yesright

old hand

Join Date: Feb 2009 Posts: 1,345

Can you tell us exactly the date you were made aware that FTP didnt have enough money to cover players deposits?

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09-20-2011 , 06:39 PM

#113

Apollyon1

journeyman

Join Date: Jan 2010 Posts: 341

Was pokerstars one of the potential investors?
Were they trying to buy the software(rush poker), database, etc..??

ty

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09-20-2011 , 06:39 PM

#114

durrrr

veteran

Join Date: Jul 2005 Posts: 3,024

Quote:

Originally Posted by hussainsajwani

in your opinion if ftp fails to pay the full amount to players, what ihmo should the fair consequences for the mgt involved

i don't think i should be publicly saying that, im not a judge. i think there should be ramifications for sure for anyone who knew about the hole and sanctioned it.

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09-20-2011 , 06:40 PM

#115

durrrr

veteran

Join Date: Jul 2005 Posts: 3,024

Quote:

Originally Posted by Ivan_Drago45

they never stopped doing it from late 2010- read the doj report

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09-20-2011 , 06:40 PM

#116

Systolic

banned

Join Date: May 2008 Posts: 21,002

Did you have any idea about Black Friday beforehand? Like any word that something big was coming?

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09-20-2011 , 06:40 PM

#117

simplypkr

stranger

Join Date: Jul 2011 Posts: 9

durrrr,

Really hope you answer/know something of this.

My life is on FTP atm. I am a Canadian citizen living in Canada. What (if you know) could possibly happen for me and other Canadian citizens? I understand how it could pan out for US, but since Canadians can still legally play do you have any idea what steps could/would be taken to repay them? Im sorry if its been covered I just havent seen it and my soul is currently sitting in the FTP cashier.

Thanks regardless you are a hell of a **** guy for doing this

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09-20-2011 , 06:40 PM

#118

Mike Johnson

Former Pokercast Co-Host

Join Date: Dec 2007 Posts: 6,865

Quote:

as far as i know there was 1 extremely bad decision made (the right decision would've been to stop processing to us players while still allowing them to play on the site),

Tom,

Who was specifically responsible for the 'extremely bad decision' that is referred in your above quote. Was it one or a few individuals or was this a business decision agreed upon by a board?

As a potential follow-up to question #1. Is it your opinion that Ray Bitar is responsible for 'killing the company'?

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09-20-2011 , 06:41 PM

#119

sharkbaitOHH

Carpal \'Tunnel

Join Date: Dec 2009 Posts: 7,165

As players, what do you think is the best line we can take wrt our FTP money and poker legalization in the US? Is there any point in a class action lawsuit?

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09-20-2011 , 06:41 PM

#120

hussainsajwani

old hand

Join Date: Jun 2010 Posts: 1,893

what have u heard about the private meetings they had these past two days, if anything.

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09-20-2011 , 06:41 PM

#121

andr3w321

adept

Join Date: Jul 2007 Posts: 1,148

Just want to say thanks for this and everything you've done since BF. Your head is in the right place and I think you've tried to do the right thing from the beginning. I wish I could say the same for any of the other owners.

To all the haters, I don't get it--Durrrr is the only who's publicly stated he'll be giving the money he earned from FTP back. Direct your hatred elsewhere imo.

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09-20-2011 , 06:41 PM

#122

seattlelou

Carpal \'Tunnel

Join Date: Dec 2009 Posts: 31,584

Tom, do you think that FTP misled the AGCC as to its financial position pre-BF?

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09-20-2011 , 06:41 PM

#123

Rhubarbwp

journeyman

Join Date: Apr 2010 Posts: 243

Tom,

You're commitment to answering questions today is awesome and very laudable. I hope some other people from FTP join you as you say you hope they will but I doubt it.

You're to be commended - just hope this isn't an attempt to spin up your own site in the next twom months (jopke)

But fix yr damn shift key!

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09-20-2011 , 06:42 PM

#124

Lucky Clubs

grinder

Join Date: Nov 2004 Posts: 511

Quote:

Originally Posted by durrrr

The contract language might give insight into specific terms, i.e., how the player was to be paid, that bear directly on whether that player knew or should have known that Full Tilt's organizational structure was shady. Whether or not you give back the money doesn't make this type of information less relevant.