+1

He addresses that in the Pokernews interview.

Well, it beats making stuff up and then slamming people for invented wrongs. As long as time matters not at all in your figuring of the past, all your accusations are true. Why don't you invent some more scumbag behavior and attribute it to barry and a number of other people? Oh, what forum am I in again?

You're being silly. Was there a fixed date that he had to pay back by and didn't? Did FTP demand the money at some point, and Barry refused?
The only issue is that Tapie IS asking for the money back now and Barry is holding out for speculative reasons.

In before BG makes standard NVG any takers 50k bet that he will make full restitution.

Always liked and respected BG, very shocked and concerned about this. How long ago was the loan?

Are any of the players named in the Epic Poker League? Does this not violate their policy?

Tapie asked his lawyer to give a statement to the effect of "The deal might not go through because these guys won't repay their debts." I think NVG's pretty surprisingly calm.

Read the pokernews interview. After Black Friday, they did try to get the money back but he refused to pay.

Decent interview.
Quote: "It wouldn't have made sense three months ago if the management at Full Tilt would have called me and said, "Hey, we need that money. Give us that $400,000 you borrowed from us." I would have walked on that too."

So he wouldn't have given the money to Bitar/Ferguson, but does this mean Barry is basically waiting for the DoJ to say "OK, we've seen the company accounts now. We know how much Ivey, Lindgren, Flack, Benyamine, Greenstein owe, so we'll be going after them too"?

Ultimately, many of these "assets" belong to players, but it seems the DoJ, FTP owners, GBT, and the pros that received loans, are gonna be fighting over them for months.

It could actually pay a lot of people, also a few hundred k here, a few hundred k there, and all of a sudden you're talking about real money.
There's a breakeven point somewhere, and it's not just one loan. Obviously people are being vocal about BG because he's posting (and presumably reading the responses) but I assume most people hate the other people even more if they're holding the deal up and not saying anything.

No. If I were in that situation of course I'd take the money, but when I borrow money, then the person wants their money back, assuming there wasn't already a deal where I get it for longer and I had enough to pay it back, I'd pay it back.

Also if FTP goes under they are most definitely not off any hook. FTP would go into bankruptcy and the assets, which include unpaid debts, would presumably be collected on by whoever arbitrated the bankruptcy (government in w/e country it's incorporated in?) and used to pay out stockholders/players/other owed parties. So even if FTP goes under these debts do not go away.

I'll flag this thread to anyone who asks, in the future, why hasn't so and so let us know what's going on with what ever.
Example, Ivey hasn't told us squat about what's happening with the money regarding XYZ.

Response. http://forumserver.twoplustwo.com/29...-tilt-1161767/

At least BG has actually made a statement about the money he owes!! Does anybody know exactly what the process of attaining a Full Tilt loan was??! Was it really just a case of making a phone call???????????? Or was there some kind of contract, or legal undertaking?!
What if the other players simply dont have the money to pay what they owe??!

"I still think, the advice I'd give to anyone else in this situation, including Phil, is, be ready to pay when this whole case is resolved. Which hopefully will happen in the next six months."



i need some drinks this evening...sorry but you and you're friends were one of the reasons for this case...

[QUOTE=

Valid point but I FTP has now been taken over?[/QUOTE]

By whom? Certainly not by GBT yet or they would be paying the ROW players.

Fair point, it could be worse.

This quote from an older Brandon Adams blog post came to mind

http://www.macroeconomicwoes.com/unc...nnot-hold.html

Why?

But, unlike the others, Barry isn't an FTP pro.

+1

what are you even talking about? Just stop.

Yes, but probably not at the time they made the loan to Barry.

Also barry claiming giving back 400k wont make a difference is stupid, thats what every red pro who plundered the company collectively must think. Meanwhile they are playing the biggest cash games and 250k super high roller tourneys around the world.

Well, this could be very simple...all the FTP debts should be paid back with interest. If I was trying to put off my 2000 Visa bill for 60 days because FTP was holding my funds, they would laugh in my face. Ivey can borrow 4 million, and you can borrow 400k etc for a 'few years'. at 10% for 4 years you owe more like 600k and 6 million. This money would quickly add up. Then the pros can grind 1/2 to make a living like all the other hard working kids have done.

All the 'pros' are playing high stakes and high buy in tourneys with OPM. I could cash for millions too if I played with unlimited credit. Quite a scam, no wonder poker has such a **** reputation.

To be direct, all of you who participated should go **** yourselves.



Oh and lastly, a stand up guy would have come out and said you owe 400k when **** hit the fan, not when it was exposed. A stand up guy would have paid it back 'a few years ago'.


Guess what guys, I owe Visa 2500. There you go, not so hard to admit your debts. F off.

i can't answer for BG. i was just trying to provide a possible reason as to "why BG fails to mention non-US players."

Imo Barry shouldn't pay anything to a company on verge of bankruptcy or to a investment group that might not get the company. When the deal goes through or bust then Barry should make his choice where to and how to pay the money.

Sigh im really disapointed about the high stakes scene, it seems like its all smoke and mirrors. I thought at least some we're stand up guys, next thing we'll find out is that Chip Rees was playing on borrowed money and half broke if it wasnt for 'x' casnios backing him...