this. I still find it absurdly confusing to see how pros borrowed money from an, as it turned out, insolvent company and dont pay back IMMEADIATELY after this gets public. I mean how are these guys sleeping at night knowing how thousands of us has been put into a life changing, even existence threatening situation. Dont you think every single seccond about this and how much you owe people that are pretty much broke compared to you? How can people still be so ignorant/evil/whatever you may call them to not work with players here. Making a statement about this is THE ABSOLUTE LEAST they should do, so stop worshipping BG. While it is good of him to speak about that it is in no way excusable to not speak about this for so long. It was simply his duty to make this public, and even more so after being accused of this very problem.
Not even talking about others who do not make a statement but waste their time playing 100k`s.

I see that you shouldnt blindly send the money to whoever is left of FTP but JESUS if all of the debtors would work together in a coordinated manner than this **** would be resolved way more quickly. No more bull**** lawyer conversations that take ages when everyone of us is dying a little more each day.

plus there are probably thousands of people here like me who have money stuck on ftp but dont post here. Lots of people just reading/following the threads as they develope since it doesnt make a real difference to add another opinion to this whole mess. If there would only be a coordinated way of all of us to take action we might be more "powerful". Not spreading opinions/rumors and arguing about different scenarios on how things would be if... and what if blablabla...

This really is the million dollar question. At least with guys like barry g and ivey u think youll probly get repaid (although obviously this was false too), but with guys like benyamine, layne flack, mattusow??? I mean u KNOW you're not getting paid back by those degens... The mismanagement and buddy system no interest gigundous loans was such a ****ing joke and just shows you how idiotic and greedy degenerate gamblers are.

wtf is wrong with people, barryg is one of the good guys you morons. At least he told us he is willing to pay back his debts while the big thieves such as ferguson, lederer, bitar etc owes huge amount of money they won't pay back.

You don't get it do you. They borrowed our money, had no intentions of paying it back, and are certainly a large part of the reason that we will never see our money again. You do realize that if this never went public they would have pretended it didn't happen right? He's not a good guy dude, hes trying to put a pr spin on the fact that he borrowed money with no intentions of paying it back, in fact, he borrowed our ****ing money....

Yes...

who would authorize large loans to Layne (let alone the alleged 2 million), and what would their motive be for doing so?

Seriously, does anyone have a name? I'd like to apply for an unsecured, interest-free, no-time-limit loan via this person should they start a new business.

I disagree. FTP is an out-of-business operation under indictment that is still cutting cheques for rent, staff, etc and still has a chance of going under. Why dump 400k into that pit?

While that might sound good, that's legally virtually impossible to do.


Much better to wait and be sure that the 400k can go to players IMO.

What the f!!! The guy admitted he owed and will pay back as soon as its clear the money is going to the players. You people badgering him are something else. How many pros come on here and talk honestly with you? How many respond to you at all??? The guy does the right thing by us over and over but yet you micro losers still attack him. Thank you Barry. I have much respect for you and how you handle things. Don't let the small percentage of people (who probably don't even have any money in full tilt) bother you.




Let

You realize he only is coming out with this because it went public right? He's known about this for how long now, 3 years? He never had intentions of paying the money back it's that simple. Now that its public hes only doing this to save his Public perception. Don't be blinded by yet another wolf in sheeps clothing. These guys are not good guys. Is that not obvious enough yet?

FYP

are you kiddin???? He admitted it AFTER the publication!!!! Do you don't think there was plenty of time to pay back this money before????

are you ****ing serious? so paying back what you owe makes you a good person? in my understanding paying debts back is just normal and anything less than doing so makes you a scumbag (in most cases fwiw). You sound like we are supposed to be grateful that he's willing to pay back what he owes but still i don't see any fair solution provided by him at this point. A man of his intelligence should know that every kind of promise he makes other than paying GBT is probably gonna cost less than what he owes and won't be satisfactory for most of the concerned players. Plus it's not like we sat down with him and actually gave him and the other pros money, the just took it and now we're supposed to be grateful for what exactly? sure, he is better than the rest of the gang, owing less and at least speaking in public which we can't say for the scumbag ivey but that's just relative perspective. just because ivey & co are such *******s doesn't make Mr Greenstein a saint.

edit: besides, any other solution than FTP coming back would take much longer for us to get our money back. remember durrrs promise to pay $1mio? when do you think this is gonna happen? it could take months, even years before everything is worked out and we can def. say that FTP is done. Then it would take a lot of time to figure out how to pay and i still don't understand how anyone can prove how much $ they had on their ftp accounts and so on.

While I agree some of the people listed may actually have no intention to pay these debts unless forced, this post is ridiculous.

So anyone who doesn't pre-emptively announce their private debts to the world is a welcher?

Are you suggesting that because Barry hasn't posted on 2+2 about any other debts that he may or may not have that he has no intention of paying those back either.

Quite surprising that Gus Hansen is not on the list. He lost 11 million $$ between March 09 and September 2010. It's very likely that he got a loan. Maybe he paid it back?

In the end they're all going to get theirs. Whats ivey left with? anything he wins now goes to his ex wife, LOL at no prenup champ. I hope they all rot in hell because they are all thiefs, liars, and scumbags.

He sold an internet poker company in europe i believe, gus had the money to lose, and lose he did.

+ gus also said, he had the 2nd biggest (after jungleman) role on FTP on its shutdown... i think, he is fine
+ he had a 6M upswing on FTP before shutdown
+ he won alot in mixed and omaha hi/lo, before it was tracked (according to his own words a few years ago)

I think he's suggesting what is probably fact. That alot of these guys were probably hoping this would never come out because they had little intentions of ever repaying the money. Doesn't it strike you as odd that he borrowed the money to play on full tilt then suddenly played on (big games) at stars? Now we both know that stars NEVER had anywhere close to the size games that full tilt had....

And giving layne flack money is just LOL..... that moneys gone for good, you cant bleed turnips. I wonder if he ever cashed it out to supply his meth habit

BalugaWhale gave the best summary of the situation.
I just hope the whole noise about the pros debt right now is a try to make them pay back by putting the pressure of the poker community. I doubt this will succeed since they never planned to do so, and they pretty much don’t give a damn about “poker community”. Less they have to pay back and longer it takes = better for them. How simple is that?
I want to think barryg1 is doing this announcement in a good faith but I just don’t buy his logic at all. He is contradicting himself basically saying; yeah I want to pay back, but I am not going to pay back.
Also I really hope this is only a try made by GBT that will not stop the deal from happening.

and if you and the other pro's that owe money cause this sale to NOT go through due to not paying your debts, then everyone gets screwed.

doesnt make sense

You owe me money!
Even trying this that makes you a thief.

the fact remains barry borrowed 400k "a few years ago" and just never paid it back, thats a disappointment I always thought more of barry

Guys, back the ef off barryg. He's a class act unlike the people hating on him.

Wow. Just Wow.

Reality check, guys. Whatever happened to never gambling with borrowed money? Doesn't someone who's been around the block a few times know this is how people **** each other? If FTP was STAKING him as a celebrity player on their site, that's one thing, but he took a LOAN? WTF? Over. Or do pros never lose?

And someone is buying Full Tilt? What kind of moron would buy a business that owes vast sums of money to people it cheated? That's like someone buying a bar that is owed millions of dollars in bar tabs run up by homeless alcoholics based on them being paid back.

Seriously, people? Seriously? I thought poker players were supposed to be a lot smarter than this.

Sounds like everything about this site was a con job from start to finish. I feel so vindicated for quitting online poker after Zeejustin cheated the Stars Sunday tournaments.

And one more thing... You guys who are owed money by FTP.... YOU TOOK A RISK.... YOU GOT BURNED.... MAN THE **** UP... accept that you will likely never see any of the $ that you risked, you risked, not anyone else, you, again.

I don't understand at all the people who are negative on Barry about this. It's exactly what I think is best for players. Escrow perhaps better to set an example for other players,

but that's about it. wp.

I do give barry credit for publicly addressing this matter unlike ivey, flack, benyamine, lindgren, and matusow who all owe money to ftp and I'm sure most of them owe considerably more than 400k