All businesses function soo much more smoothly when debts are paid. If you owe someone money, you repay them. It is as simple as that. I have seen people get bones broken over less than 5$, yet alot of people here want to nominate Barry for sainthood, when he has just been exposed as a deadbeat, debt dodger.

lol im surprised about how dumb some of you really are.

barryg clearly doesn't want to pay FTP, because it'd cost him money (ldo).
and JUST LIKE PHIL IVEY he makes an excuse involving the Americans who will/wont get paid. Clearly he doesn't give a **** about your Americann ass; he just doesn't feel the need to cough up the money.

You borrow money, you pay it back. Simple as that.

He was playing as barrg1, in the big mixed games with many other big names. He lost his ass, then disappeared from playing. He reemerged on the online scene to sign a huge deal with Pokerstars, after claiming for years that he would never endorse a gambling site.

It's too late to edit my post so I'm replying to myself....

I worded this poorly. I don't think this is something BG should be burdened with doing for all money pros owe FTP but I directed it to him because he posted here and because he has access to people that might want to consider doing this.

I think there are some FTP pros that aren't happy about this whole thing, care about their image, care about the FTP players and want to pay back their loans to make it easier for players to get paid back but don't want to hand it over to the same scum that killed FTP.

You're right he absolutely could've posted earlier, I didn't say Barry was transparent like Casper the Friendly Ghost, I just said more transparency = good. A post like this one is a step in the right direction and if you're too mad to encourage it that's reasonable but saying things like "You could've posted sooner, bro!" isn't helping anyone get their money back.

If we would go like 2years back could anyone really imagine what mess today is jesus christ. So many people around full tilt dont really have any place back into the poker world. If this really goes all to hell and nobady will get there money back i cant just imagine we will see any of the full tilt team member pros play infront of puplic.

So let me get this straight. You borrow 400,000 dollars and give us a vauge "few years ago" then because money you lent wasn't being paid you refused to pay your debt? Which went out the window because the DOJ took over FTP and now some group is getting cold feet from buying this dog?

Barry it would have probably been better not to post this. I held you on the top of the famous poker player list and respect wise now I jost lost all respect I had for you.

This is why FTP and players like myself are out money we will never see, because you and others took advantage of breaking the law and did whatever the hell you wanted with money that didn't belong to you and had no recourse in recovering anything if the DOJ actually grew a pair.

I say again what I said before and needs to be said. Anyone associated with this debacle needs to go to jail.

I see where Barry is coming from. I feel it should be put it in an escrow fund, if the deal is completed and everyone is made whole it goes to gbt, if not it gets distributed to players who arn't.

Dear Mr/Mrs tamiller866,

First I must solicit your strictest confidence in this transaction. This is by virtue of it's nature as being utterly confidential and 'TOP SECRET'. I am sure and have confidence of your ability and reliability to prosecute the transaction of great importance.

I am the top official for the Federal United Bank of Nigeria Incorporated LLC that is interested in acquiring the mortgage assets of %BANK_NAME% which includes your mortgage.

We feel that we can provide you with superior servicing of your mortgage and to illustrate our commitment to service we have selected the top 10 mortgagees to accept our offer that will greatly reduce your debt.

You have seven (7) days to accept the offer. All that is necessary of you to participate in this cost saving offer is to begin to send us your monthly mortgage payments minus any interest to our paypal account. For the first month we will give you an interest free payment and then after acceptance of our offer will send you your new lower monthly payment amount.

We are in the final stages of acquiring your mortgage and are confident that the deal will be ratified by all parties but in the event that we do not complete the purchase we will refund you double what you send us.

Yours Faithfully,

Dr Clement Okon

PS Please note this reference number in all your correspondence (TEE-HEE)

PPS Don't tell your bank. It's secret!

i'm not mad at barry. i just don't understand what he's done here* that's worthy of any praise, makes him a stand up guy, gets people closer to getting paid, etc. if you think that people finding out about this was a good thing, then the person you should be praising is the one that made the information available, which wasn't him.

*by here i mean this thread/response, not 2+2.

Looks like Barry needs to write a new epilogue to Ace on the River (affectionately known around here as Ace in the Hole) and reveal his real winning strategy:

1- borrow $400k
2- say suck it to ripped off players
3- ???
4- profit

The so called loan from FTP probably was a phone call to Ivey or Howard. I don't think Barry should pay back one penny until Ivey, Howard, Jesus, and others open up their wallet. There is little doubt loans were dealt out to those in the poker circle surrounding FTP pros. Why should Barry pay this back when everyone else is taking the high road? Was Barry free rolling events like FTP pros when the company was broke? LOL @ the deal not going through because of the 382K Barry owes. Lets put everything on Barry now....

a big name gambler using the word "moral" twice in a post implies there is something else going on.

Barry your lies are making me ill. If you were so noble and honorable you would have made arrangements to pay your debt when FTP was still FTP after Black Friday and before they were even having issues. You didn't because you are a fraud and a phony but most importantly because you are dead broke and can't pay.

Other people owing you money has nothing to do with you paying back FTP. Besides you said that you owe $382k but you were owed $150k. What was your excuse for not paying the difference in all these years? Ivey wouldn't loan you any more?

You are also lying when you claim you played on FTP before Stars had big games. You played on FTP while under contract with PokerStars and were in breach of contract since their company policy states that Team Pros were prohibited from playing on other sites. You did anyway.

If you want to be really transparent about how long this debt was owed why don't you tell the public what your username(s) you were using on FTP and when the money was loaned to you?

Tell the truth Barry. This whole moral BS about looking out for the players in the Tapie deal is an attempt to fool the 2+2 minions who adore you and think you are good guy or a God. It holds no weight when scrutinized. You could have privately paid that money back in April without PokerStars knowing or it going public. You didn't pay because you couldn't. Stop the stories about you being a high stakes baller and come clean about the fact that you are bankrupt.

I am amazed by the Barry supporters in this thread.

Barry admits something that has been revealed by our sources and people talk about coming clean or transparency?

Barry admits "it's somewhat self-serving and buys me time not to pay now." but some people talk about him "having the best intentions"?

Barry borrows a interest free 400k, doesnt pay back for years and people state "he simply got caught in the FTP mess"?

Barry does obviously everything to protect his image, has the ****ing nerve to talk about "moral obligations" and there are still people here having "plenty of respect for the guy"?

I can't decide whether Barry is one of the greatest self-exposers of all time or just another shady semi-scammer. Probably a mix of both.

I sincerely hope he gets the sack from PokerStars.

Class act. Thanks for the word, Barry.

Anyone who has money on FT that says barry shouldnt pay GBT the debt he owes FT are morons. GBT is the only reason why we have any hope of seeing our money. You think if the GBT deal does not go through the players that owe FT money would pool all the money they owe and try to play us players back some of our money. HELL NO they wont

BG looking scummy imo.

I found this article...

Do I need to pay my debt to a bankrupt company?

The argument is sometimes made that the company, having undergone liquidation, does not technically exist anymore, and thus has no power or reason to collect on past debts such as the money you owe to them. This is false, since the filing of bankruptcy, while it may officially liquidate the company in legal terms, does not erase its financial transactions from existence.

The company's financial matters will likely fall into the hands of a bankruptcy trustee, who will be responsible for taking the company's liquidated assets and using those to pay off its creditors. The money you owe to the company is considered its property and its asset, and is expected to be used to pay those creditors.

Your failure to pay the debt will still result in collection actions, likely by third party agencies. Once the money is collected from you, it will be used by the trustee to pay down the outstanding debts of the company.

You should not ignore the debt you owe. If you are not sure exactly how to pay it because the company no longer exists, you will want to attempt to get in touch with a company official or with the bankruptcy attorney who is representing the company so you can ensure you are able to pay the debt before a trustee makes a claim against you. A lawyer can also help you to understand and fulfill your obligation to pay your debt.




So is Barry G doing the correct/moral thing?? A simple YES!!!

Why is it a YES it is because the new group does not own Full Tilt Poker, after legally acquiring the company, and FTP/BTG is a legal business entity again they are entitled to said debts or if FTP never opens up again he owes said debt to the bankruptcy trustee and or courts/lawyers.

Now does FTP have a legal document stating the terms of the debt, repayment dates, interest rates, ect...??? I would just be guessing but I highly doubt they have anything in writing from how I have read statements and articles about this. So if someone steps up and says ya I owe them 382k, I will pay but I am unsure how to pay and also whom to pay. Might be a decent person. Now a GREAT person, would post the said debt into a escrow account and quiet all the rumours instantly. But either way its better then not paying or not acknowledging the debt. At the end of the day getting paid is all that matters, it doesn't matter if he pays them in pennies, dollars, hundred dollar bills, or a check for $382k.

Should he write a check to BTG right now? No!! Why? Because if BTG does not follow through with the deal they will keep the money and use it as business operating expenses and not use the money for the player shortage fund.

Is Barry G a great guy? Is Barry g perfect? Does 2plus2 overreact ? Answer to all three, I don't know and I don't really care.

Grunching here but I think this is an interesting situation. None of this money should go to ftp past or present owners. The difference should be distributed to those that are owed money from full tilt through a lottery or some fair system (400k-150k). Should the other 150k be collected from those who owe barry, it should be distributed in the same manner since more than 400k is owed to players in general. That comes closest to squaring things if you don't consider depreciation over time. I doubt barry or ftp would agree to this so **** everyone (cept barry if he squares away 240k to players).

Basically +1 to this.

It's too tilting to try to keep up with this thread, but WTF at all the moralizing one way or the other about barryg and about the situation as a whole.

Barry borrowed 400K from a company that was handing out money to anyone connected. Now he's waiting for the right moment to pay it back. He also took the time to inform us of his perspective on the situation.

That doesn't make him a god or a devil. It's a business situation and he's dealing with it. I know emotions run high on anything related to FTP, but everyone needs to calm down FFS.

I don't even know why the 150k he lent to our player comes into play here. That 150k has nothing to do with the topic at all.

I dont even know why he brought it up. If he lends 150k to other players and doesnt get the money back it is certainly not the problem of the guy who he borrowed 400k from. It just sounds like another ****ty excuse.

I mean i dont hold any high profile players to high standards anymore after the whole FTP thing so i cant say im surprised by this but at the same time I dont know how anyone can applaud barry or give him a pass for the post he made. He only admitted this after it was found out that he owed the money and was made public. The biggest thing to remember here is that most likely if black friday never happened and FTP was business as usual (before we found out how it was run) barry would most likely have never paid the money back. Sure i cant say that with certainty but i dont know why anyone would pay an interest free loan back after they have gone years without doing it. Just my 2 cents.

Dude! BG should have a $382k freeroll on Stars for all players owed FTP money. Anyone that doesn't cash can't complain. They weren't good enough to keep it long term anyway

It's really simple guys:

GBT: "We don't really want to buy FTP without making sure we'll get the $20M the pros owe"

Barry Greenstein and other pros: "We don't really want to promise our money to GBT before they own FTP"

I get it, its fair.

But go one step further, and only a few outcomes are possible:
1) Pro's refuse to sign pre-agreements. GBT walks away from the deal. Barry et al keep their money. This is a very good result for Barry et al, and a very bad result for everyone else.

2) Pro's sign pre-agreements to hand over their money once GBT completes the sale. GBT moves ahead with confidence and completes the deal. The pro's pay back their debts, we all get paid. hooray.

3) Pro's refuse to sign pre-agreements. GBT buys the company anyway, then sues the hell out of Barry/Ivey/Lindgren, etc.

For GBT it very likely goes, from best to worst:
1) Pro's agree to pay
2) Walk away
3) Buy FTP and sue Pros

For Pro's, it very likely goes:
1) Don't pay, hope the deal fails.
2) Don't pay, fight any lawsuits and/or settle for a lesser amount.
3) Pay back their debts.

Simply put, the only party with a real interest in repaying US customers at this stage is the DOJ, and they're not really involved in this stuff. So, it really wouldn't surprise me if the pro's tank the deal by refusing their pre-agreements. In that light, I really hope GBT buys FTP and sues them all, but that could be wishful thinking.

I just want my money back. Sigh.

Andrew