| Author | Message |
|---|
CoraBets
Age: 65
Joined: 21 Nov 2005
Posts: 1352
263990 NLN Dollars
Tournament Dollars
 |  Posted:20.09.2011, 19:11 Full Tilt Poker A Ponzi Scheme According To U.S. Attorney |   |
http://www.huffingtonpost.com/2011/09/20/full-tilt-poker-ponzi-scheme_n_972349.html?icid=maing-grid7%7Cmain5%7Cdl3%7Csec1_lnk3%7C97511
NEW YORK -- An Internet poker company that was blocked from operating in the U.S. in the spring as part of an online gambling crackdown was "not a legitimate poker company, but a global Ponzi scheme," federal prosecutors said Tuesday.
The popular Full Tilt Poker website illegally raided player accounts to fund operations and make lavish payments to its owners, Justice Department lawyers said in a revised civil lawsuit filed in New York.
Over four years, the company used $444 million in player money to pay board members, including well-known professional poker players Christopher Ferguson and Howard Lederer, investigators said.
|
|
|
|
kitzianne
Age: 54
Joined: 17 Feb 2008
Posts: 1105
Location: Minnesota
120245 NLN Dollars
Tournament Dollars
| | Posted:20.09.2011, 20:00 (No subject) | |
Wow!
_________________
|
|
|
|
TDTAT
Joined: 11 Mar 2006
Posts: 57203
Location: Gambleville
1186904 NLN Dollars
Tournament Dollars
| | Posted:21.09.2011, 06:22 (No subject) | |
|
     | +1 Member Likes This Post (250 NLN Dollars Earned) |
|
|
kitzianne
Age: 54
Joined: 17 Feb 2008
Posts: 1105
Location: Minnesota
120245 NLN Dollars
Tournament Dollars
| | Posted:21.09.2011, 15:52 (No subject) | |
« TDTAT » wrote:
Yes well I read this... it is an interesting theory. Full Tilt was always crooked, but players were paid when they cashed out. It occurs to me if they are a ponzi scheme then many businesses and certain governments are bigger ones. 
Amen!
_________________
|
|
|
|
TDTAT
Joined: 11 Mar 2006
Posts: 57203
Location: Gambleville
1186904 NLN Dollars
Tournament Dollars
| | Posted:21.09.2011, 16:42 (No subject) | |
|
| | +1 Member Likes This Post (250 NLN Dollars Earned) |
|
|
|
Legal Statements and Privacy Policy: Noluckneeded.com provides links to gambling related websites which are legal in many jurisdictions. Each user is responsible to determine the legality of online gambling under their own local laws and act accordingly. All links provided on Noluckneeded.com are informational and for entertainment purposes. Noluckneeded.com cannot be held responsible for any activities undertaken by or on external websites.
