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WPT signs Joe Sebok (Edit: Not happening) WPT signs Joe Sebok (Edit: Not happening)

07-19-2012 , 09:24 PM
Quote:
Originally Posted by teddyFBI
How much did he get?

Has it ever come out how much Joe was paid by UB for the time during which he was their rep / agent / stooge?
I heard $30k/month. I don't remember who told me, why they told me, or when it was that we were talking about it. I do remember thinking the person probably had as good an idea as anybody so it might be fairly accurate.

Also heard from someone else that the deal with UB was only possible bc of his 1 million followers on twitter. That probably isn't a huge surprise to anyone, but just shows it was clear UB was just looking for the guy with the loudest social media voice.
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:25 PM
Quote:
Originally Posted by tdomeski
I heard $30k/month. I don't remember who told me, why they told me, or when it was that we were talking about it. I do remember thinking the person probably had as good an idea as anybody so it might be fairly accurate.

Also heard from someone else that the deal with UB was only possible bc of his 1 million followers on twitter. That probably isn't a huge surprise to anyone, but just shows it was clear UB was just looking for the guy with the loudest social media voice.
Because having 950,000 inactive followers/bots/sex bots/people who don't know why they follow you is super valuable today.
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:26 PM
Quote:
Originally Posted by teddyFBI
How much did he get?

Has it ever come out how much Joe was paid by UB for the time during which he was their rep / agent / stooge?
30 pieces of silver
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:26 PM
It sucks that across a wide spectrum of institutions we have to suffer the less-than trust fund babies getting things they never earned and ruining the merit system that we all (except the powerful) wish existed. With all the talk of free markets, free choices, competitive forces determining who wins and who loses etc etc...with all that supposed market magic we still are helpless against nepotism. You work hard? FU. You're talented? Get in line and wait. Your father is Mr. Big shot? Step right up here son and don't worry about a thing.

Its not as bad a GW actually becoming president (how did that happen???) but it's an obvious injustice. I just heard today that Connie Mack is running for US senate from Florida. I knew Connie Mack used to be a senator. I thought "he's going BACK into the senate??". Nope. Turns out his kid, of the same name, is running. Moreover the kid basically skipped the republican primary, refused to debate any republican, and will nevertheless be the republican nominee it looks like. So here you have classic nepotism. Mack the less-than doesn't even have to go through the motions of competing because the party bosses decided he would be the nominee and they have the power hence it is written. It behooves powerful people to put their children in power, despite whatever pesky little value system is preached every day in our country. The rank and file of course don't like it, but they accept it.

I would estimate that it is unlikely that Barry Greenstein and Mike sexton are not good friends. Not saying that is the specific mechanism whereby a notorious douchebag gets a gig like that, but it probably is.

If you don't like it write letters and emails. Unlike governments, businesses are sometimes susceptible to their consumer demands.
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:28 PM
Quote:
Originally Posted by rubbrband
Phil Hellmuth had been with the company from the beginning and was locked into the company due to contracts and his investment into the company. Seebok jumped onto an already sinking ship and made many many promises. He even made promises of what he was going to do if ub didn't pay up. All of these were lies. There is a big difference not that Hellmuth is void of any blame.
Have the details of Hellmuth's contract been made public? Also, I never heard anything about him even trying to get out of it at any point. I would love to see documents of who was getting paid what under what conditions.

Back to the topic though, WPT you done f'd up.
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:29 PM
Quote:
Originally Posted by tdomeski
I heard $30k/month. .
Yeah this was a rumoured amount I heard/saw a lot. Just rumours tho
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:31 PM
Quote:
Originally Posted by teddyFBI
How much did he get?
There is no way for us to open the offshore trusts, but our source told us about a fairly large ownership stake in the original development company. It appears those shares were swapped for Excapsa shares when they created that vehicle to launch an IPO. The kind of percentage discussed equates to one of the top ownership trusts, two of which were in the 13M share range. The Feb distribution was $3.18M and if he held 13M shares out of the the final share tally, his take would have been approx $247k. The second distribution was a closing one and amounted to $500k and a 13M share holding would have received approx $39k.

Jim Ryan picked up $180k. A decent chunk of stock was cancelled following the investigation, though it wouldn't make sense that Hellmuth's shares were part of those. Oh yeah, Fluffhead picked up some $65k as well.
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:35 PM
Quote:
Originally Posted by gimmick122
Have the details of Hellmuth's contract been made public?
Not that I know of, but brainwashdodo (or at least the individual feeding the 2nd batch of bwdd's document trove) released a document showing annie getting $47k/mo, which was later adjusted downward to $25k + PR expenses (while she claimed to not be in a PR role). Phil was team captain, so you can probably draw some conclusions on the value of his contract. I asked his agent if he would do an interview for the film project I'm working on, but ... yeah, I know.
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:38 PM
Quote:
Originally Posted by ElevenGrover
Not that I know of, but brainwashdodo (or at least the individual feeding the 2nd batch of bwdd's document trove) released a document showing annie getting $47k/mo, which was later adjusted downward to $25k + PR expenses (while she claimed to not be in a PR role). Phil was team captain, so you can probably draw some conclusions on the value of his contract. I asked his agent if he would do an interview for the film project I'm working on, but ... yeah, I know.
Was Hellmuth an Owner/shareholder?
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:38 PM
they should have signed joe serock obv!

Last edited by mo3rtelmu; 07-19-2012 at 09:39 PM. Reason: pooh bah itt!
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:40 PM
regardless of whether or not you think joe sebok is morally culpable for anything that happened, the poker playing public mostly seems to think he is. i dont understand this as a business move.
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:40 PM
Quote:
Originally Posted by ElevenGrover
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?

The bolded disgusting part almost deserves its own thread, or does noone care about the Cereus travesty enough anymore?

If this is true, it surely puts Hellmuth on par with Lederer and Ferguson in the pure scum/ripping off the community stakes??

If anything, Hellmuth is worse as he helped damage control the first cheating incidents

If I had "money" stuck on Cereus, I wouldnt appreciate the fact that Hellmuth and his cronies were able to extract any money from the smouldering ruins of this black, corrupt carcus of online gaming
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:42 PM
Quote:
Originally Posted by jaimestaples
I guess i don't really deserve to have an opinion as I wasn't involved, and don't know all the facts. Even with all that was said above, I still can't see the justification for the level of hate he gets. I think gimmick122 nails it on the head from my perspective. Attempting to rectify a situation doesn't deserve the hate because it fails.
I can't tell whether you know this or not from your posts, but Sebok signed with UB well after it was shown that they were thieving scum. It's not like he was already with the site and was trying to protect his reputation, he specifically signed with them under the pretenses of finding out what happened, then whored himself out for them.
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:43 PM
Not sure how relevant this is to be honest but...

Brian Balsbaugh who is the Agent for most of the big name pros tweeted today about how a company he was negotiating with recently rated someones "celebrity value" using thier Klout scoring which is like a social media ranking if you like. After reading this thread seems like this may have been related as I was not aware of his 1 million plus followers.

If it is it may explain WPT's decision a little.

Just a though.
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:45 PM
I'm excited for ElevenGrover's film.
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:46 PM
Quote:
Originally Posted by ike
It's not like he was an investigative journalist who tried his best to dig up a story and failed. He was a paid representative of UB, spun that role as some sort of "I'm gonna get to the bottom of this!" bull****, learned nothing, and then turned around and assured people that it was safe to play on UB.

The people who believed him lost every dime they had on the site when the **** hit the fan. He continues to tweet about his awesome life and his sweet house on Hermosa Beach that he pays for with money UB stole and gave to him to tell people they weren't crooks. He's never even made a proper public apology or admitted his role in helping UB rob more people.

If anything, he doesn't get enough hate. The fact that poker related businesses continue to pay him money to use his name in association with their products is mind-blowing.
too bad 2p2 doesnt have the upvote system (like on reddit), this really should be the first thing everyone in this thread reads
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:48 PM
Quote:
Originally Posted by YoGraeme
Not sure how relevant this is to be honest but...

Brian Balsbaugh who is the Agent for most of the big name pros tweeted today about how a company he was negotiating with recently rated someones "celebrity value" using thier Klout scoring which is like a social media ranking if you like. After reading this thread seems like this may have been related as I was not aware of his 1 million plus followers.

If it is it may explain WPT's decision a little.

Just a though.
this is a good point
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:49 PM
Sebok's Klout score is 41.

Mine's currently at 64 /sickbragbro
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 09:58 PM
They know Sebok is a "company man" who will stonewall the public, and spew propaganda to his 1 million Twitter followers.
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 10:00 PM
Quote:
Originally Posted by Kevmath
Sebok's Klout score is 41.

Mine's currently at 64 /sickbragbro
kevmath for life
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 10:00 PM
Quote:
Originally Posted by Karak
regardless of whether or not you think joe sebok is morally culpable for anything that happened, the poker playing public mostly seems to think he is. i dont understand this as a business move.
It is because you don't understand that to many people, there is no such thing as "bad" publicity. If the WPT had signed Dennis Phillips, you think the thread would have been this long?
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 10:01 PM
how does he have 1 mil followers? I am missing something here?
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 10:08 PM
Looking forward to some sick commentary.
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 10:09 PM
Quote:
Originally Posted by Karak
regardless of whether or not you think joe sebok is morally culpable for anything that happened, the poker playing public mostly seems to think he is. i dont understand this as a business move.
Maybe him and Leggett really did find the HHs and are now trading them in on Door #2.
WPT signs Joe Sebok (Edit: Not happening) Quote
07-19-2012 , 10:10 PM
Quote:
Originally Posted by ElevenGrover
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?
As much as I love Hellmuth every single word in this is true. He needs to stop concealing what he knows and he needs to out his so called friends. Peoples lives got ruined in all this and some continue to really hurt from it.
WPT signs Joe Sebok (Edit: Not happening) Quote

      
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