Quote:
Originally Posted by gimmick122
But this is what I mean. By parading around in public like a doofus, Sebok became the scapegoat for all the others who continued representing UB despite these issues. Even with Sebok trying to cover them up, those issues were still clearly public knowledge, so Hellmuth etc. were giving tacit approval by silently staying on and profiting from UB while this stuff was out there.
Hellmuth was a major owner in UB who continued to draw two separate payouts from his stake this year, one in Feb and one in June. He apparently notified other shareholders that they would also be getting money from the payouts and some of the shareholders held positions that enabled, facilitated or otherwise failed to prevent the cheating at UB. The significance of cashing those checks this year is lost on some, but when you consider that it is clear that the company paid players far less than was actually stolen, none of that money should have went to shareholders and definitely not shareholders that allowed/caused the crimes in the first place.
Moreover, Hellmuth's reputation was traded on heavily by the company both pre and post cheating discovery. He knew Russ Hamilton for over 20 years and called him one of his best friends in 2007. He also called Greg Pierson one of his best friends. When cheating became known, Mr. Hellmuth first relayed what later turned out to be false reports of the extent of the cheating to this forum. When it became clear the company was slow walking the investigation in order to match what forum investigators discovered, he stopped his own involvement and turned it over to Paul Leggett. If his reputation is so important to him, how come he has never come to the mic and demanded that Pierson provide the backups we all know exist? Why hasn't he stepped forward and demanded public audits of the investigation and payouts be released? Why when asked about the case did he respond that he believed in innocent until proven guilty, yet decided that finding who was guilty at a company he helped found was not terribly important?
Last edited by ElevenGrover; 07-19-2012 at 09:09 PM.