This!!!!!

Firstly, why is it OK that he borrows money from ALL players of FTP and then he only wants to pay back the US players??? Secondly, why should we applaud him for telling about the whole thing ages after Black Friday?? Thirdly, why should we applaud him for not paying his debts???

Oh they ole "I'm going to pay you back when this other person pays me back" routine.

Sidenote- LOL@ loaning Layne Flack 2 mill

#
Sorry for quoting again, but beluga is abs. Right

at least, Barry has the courage to post something in 2+2 regarding the situation like durrr did.
Other pros have not given info: ivey etc...

What a nightmare but im not in the least surprised. In case the naive out there aren't getting what's going on here let me break it down for you. The pros are hoping full tilt busts completely so they don't have to pay the money they owe back. It's that simple.

Where are the rest of statements addressing this issue?

Every player that does not take this public with some sort of statement looks like he is 1) not interested in paying back money to FTP, and thus 2) not interested in you and me or anyone else depending on a deal to go through.

This makes them fair game imo. Speak up, or it will be assumed you don't care about anything than keeping your dough.

To be fair Barry would have never come public with the fact that he owed money if it wasn't in the media. So this is a pr move by him imo, he has zero interest in repaying the debt but he probably will if he's assured they will use it to pay back us players, to save face and reputation. Rest assured though if this never went public none of these scumbags would have ever cared or thought to pay it back. Im not at all surprised are you??

All this post and thread proves is that Barry is better at public relations than the others. He built up an incredible amount of equity with the 2+2 community over the years, and he clearly knows that, and he knows where to kiss us to make us wet, so he did it with this post - which he probably had written or at least brainstormed a long long time before this information became public.

As a person who both idolizes Phil Ivey for his poker skills and have bashed him for years for spewing his FTP profits (our FTP deposits, as it turns out) at the craps table, I like to think that I can see the big picture and see both the good and the bad in the people that I respect and in the people that I don't respect. Sadly, most people can't do that. Either their **** tastes like pumpkin pie or everything they do is AIDS, depending on whether they like them or not.

So anyway, Barry, I I've always liked and respected you, but you suck. Maybe not as bad as the others, but you still suck. The only reason you are speaking about this is because it became public. You have prayed for many months that it wouldn't. You don't have the liquid capital to pay that money back and you know it. You can't just chunk off 400k from your money clip and hand it over, but are failing to do so on moral grounds, as you are claiming.

You also suck because you claim to only care about US players. Why do you not claim to care about the rest of the world players? Because then you'd need a different story and you like the one you've got. It's irrelevant though, neither explanation is accurate. You, like everybody else involved in this mess, are only concerned about yourself.

/endthread. Anyone who doesn't realize this is just a pr move by BG, and that he sucks nearly as bad as the other scumbags who blew our money on craps , cocaine, etc. are fooling themselves. The entire company was run like a good ole boy network and it was run with our money, and be damn sure if this wasn't public BG wouldn't have come out of the woodwork either.

PAY FTP

YOU OWE IT!

PAY UP!

Yep. This pretty much nails it.

This fiasco has been an absolute disgrace and it makes me sick to my stomach.

I always thought when money is loaned to you, you have to pay it back. Regardless of what the loaner is going to do with that money when you return it.
After all it was never your money anyway, it was loaned.
Everyone has to pay debts when asked to do so....without exception.

There's a pretty clear exception. When the person lending you the money isn't lending their money, but rather money they stole from someone else. Clearly, your obligation is not to the thief.

99% of you in the thread are a bunch of hypocrites-PERIOD!! Barry took a loan from a few of his FRIENDS. He didn't walk into BOA for a credit check. If you guys were in the same situation you wouldn't have done a thing differently. If you took a loan from friends and they said yeah pay us back whenever (which in the high stakes world players owe and swap debts) it wouldn't be any different than what Barry did. With everything up in the air who exactly would Barry pay? Write a check to Howard? Pay GBT who does not own FTP? Do you guys think the 18 million is really going to be fully recovered?

I know many people are angry and looking for someone to blame. Giving Barry all this heat over 400K when others owe MILLIONS is ludicrous. As for PR move: gee have not heard from any of the FTP owners and others mentioned taking loans.

He still should have been more forthcoming about oweing the money in the first place. All of them should have been. Durr was, even before any of it went public, why are these ones so secretive? Oh wait i know why, because when a site tanks due to insufficient funds it kinda looks bad that the pros owe ****loads of money to said site....

He owes 400k. Nothing more or less, since the debt of players to him are his "private" matter.

Everything that went wrong with FTP is summed up by what Barry has posted. Huge interest-free loans with no need to repay. Wtf! I think by this point the curtain has well and truly been drawn back on some of the big name poker pro's and the workings of online poker sites. There is little evidence of ethics where either is concerned. Regulation asap, plz!

382K

I have re-read OP and this claim to "moral obligations" makes me even more sick.

FTP screwed everyone, Barry, and one of the reasons was the uncontrolled shady lending of money and things like that. No one entrusted you with any moral obligations and your debt to one person (FTP) does not create any such obligations towards 3d persons. You owe money to FTP, pay it back. You may insist on your terms to make sure that the money indeed goes back to FTP or GBT or whoever and doesn't disappear, but please do not try to take any high ground and talk about unwanted moral obligations

This is a really good summary of the situation.

Good move by the Tapie lawyer to start naming and shaming the pro's that owe FTP money who have "not expressed a willingness to pay their debts".
Sunlight is the best antiseptic

Karl

I always kinda thought the big game on ftp was some sort of funny money game. It appears it really was. All i can say is wow ivey must have some serious habits because he was by far the biggest online winner over the past decade and even he went into serious hock.

who is this FTP Barry lend money from ?
should he pay Howard or Ferguson ?
Tiltware ?
GBT, which are thinking of maybe buying it ?

+10000

What's your problem with doing this barry..................? Time for you to put the 400k that FTP stole from us and gave to you into Escrow IMMEDIATELY.

Your reputation is shredded.

Cannot agree more! The chances are very high, that any owned money returned to FTP or GBT now, will go to the players who have their bankrolls frozen anyway.

And why the hell to wait until DOJ establishes a special fund to repay US players when there are tens of thousands of non-US players who are owned by FTP too (and will presumably get repaid by GBT).