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Chris Ferguson and FTP, new news regarding FTP

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  1. MUPokerPlayer MUPokerPlayer is offline

    MO
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    Feb 2nd, 2012 (2/2/2012 8:33pm) in reply to scottypimpin1

     
    Originally Posted by scottypimpin1 View Post

    What does everyone think the chances/odds are we get our Full Tilt funds before the WSOP kicks off this year?

    greater than 20 to 1 against
  2. lunarphase lunarphase is offline

    MA
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    Feb 2nd, 2012 (2/2/2012 8:54pm) in reply to MUPokerPlayer

    Virtually no chance I took a look at another remission case by the doj which took over a year so considering a deal does get done by may we're not going to get paid in the good ol usa until may 2013
     
  3. odi420 odi420 is offline

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    Feb 2nd, 2012 (2/2/2012 10:14pm) in reply to lunarphase

    lol....
  4. agilles agilles is offline

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    Feb 2nd, 2012 (2/2/2012 11:09pm) in reply to odi420

    Anyone's point of view is sheer speculation. At least the topic has changed from "Are we ever going to see our money" to "when are we going to see our money"

    Tapie said they hope to finalize the deal by the end of this month. DOJ/GBT's process in returning funds is however, another animal.
  5. SpankyHamm SpankyHamm is offline

    Altamonte Springs, FL
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    Feb 3rd, 2012 (2/3/2012 2:29am) in reply to agilles

    We aren't going to see our money - 25%
    We are only going to get a portion of our money - 70%
    We are going to get all of our money - 5%
     
  6. Joe_STL_314 Joe_STL_314 is offline

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    Feb 3rd, 2012 (2/3/2012 6:27am) in reply to SpankyHamm

    http://www.pokernewsreport.com/full-...ompletion-7293
  7. MYBLUEDOG MYBLUEDOG is offline

    Greenville, MS
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    Feb 3rd, 2012 (2/3/2012 10:36am) in reply to MarkFSU1

    FTP & US DOJ Reach Forfeiture Agreement

    FTP & DOJ forfeiture agreement

    Judges Order:
    Jan 30 2012
    Edited By: MYBLUEDOG Feb 3rd, 2012 at 10:38 AM
  8. IBGrindin IBGrindin is offline

    Columbus, OH
    United States

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    Feb 3rd, 2012 (2/3/2012 5:09pm) in reply to MarkFSU1

    I'd say Barry Greenstein "Robin Hood of Poker"

    http://forumserver.twoplustwo.com/29...-tilt-1161767/
     
  9. ApesAreFun ApesAreFun is offline Moderator/Euro Donk

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    Feb 3rd, 2012 (2/3/2012 5:13pm) in reply to IBGrindin

    He's a fucking sham.
     906 
  10. odi420 odi420 is offline

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    Feb 4th, 2012 (2/4/2012 12:08am) in reply to ApesAreFun

    so who pays back all the "fake" money? i have quite a few friends that deposited 10k+, played with the funds, but it was never actually deposited?
  11. vicvegas007 vicvegas007 is offline

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    Feb 4th, 2012 (2/4/2012 5:00am) in reply to MarkFSU1

    What does this mean for Full Tilt?

    http://www.cardplayer.com/poker-news...-tilt-millions
  12. The Smoking Pimp The Smoking Pimp is offline

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    Feb 4th, 2012 (2/4/2012 5:02am) in reply to vicvegas007

    means they are even more of a joke run business than previous thought
  13. double_kyan double_kyan is offline

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    Feb 4th, 2012 (2/4/2012 6:59am) in reply to The Smoking Pimp

    they werent collecting funds from bank deposits and signed pros owe them money????????? how and why and wtf...............i worry all these negatives are going to ruin our game of poker
     1
  14. jtj03 jtj03 is offline

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    Feb 4th, 2012 (2/4/2012 10:12am) in reply to MarkFSU1

    Difference of opinions on whats blocking/delaying FTP deal:

    Cliffs:

    High profile players including Barry Greenstein owe money to FTP in the Amount of 16.5m
    B.G says he wants to wait to make sure that the money goes to U.S players and not to GBT pockets but has no problem paying money bac. (Wating on DOJ to start some sort of repayment pool)
    B.G. also says that this is not what is holding up the deal as GBT states

    GBT says this indeed what is holding up the deal as they dont want to take on the extra 16.5m (which they would obv make back very very quickly)

    B.G article: http://www.pokernews.com/news/2012/0...oney-11943.htm
    GBT statement converted to english: http://www.igamingfrance.com/full-ti...e-scenes/26186
    643 
  15. IslandJack IslandJack is offline

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    Feb 4th, 2012 (2/4/2012 10:21am) in reply to boneralert

     
    Originally Posted by boneralert View Post

    Clearly this is kind of shitty on his part, but let's not crucify the guy.

    Kind of hope you mean that sarcastically, because that is EXACTLY what should be done with this guy.
    With time, some people seem to forget how many families were screwed by these guys.
    And then the audacity to block the whole deal because SO MANY millions stolen just isnt enough for this guy!
    WTF?

    Guess Golden toilet seats for his mansions dont suffice, he NEEDS the Platinum ones....
  16. Ozzie Ozzie is offline

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    Feb 4th, 2012 (2/4/2012 7:53pm) in reply to IslandJack

     
    Originally Posted by IslandJack View Post

    Kind of hope you mean that sarcastically, because that is EXACTLY what should be done with this guy.


    facepalm.gif
  17. RANDYPET RANDYPET is offline

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    Feb 6th, 2012 (2/6/2012 5:48pm) in reply to MarkFSU1

    Is the poker community becoming numb to the insanity that has occurred at Full Tilt Poker? As reported by Card Player, how does a company get on the hook for $2 million in loans to a guy like Layne Flack, who wasn't even a main representative of the site?

    And even a stand-up guy like Barry Greenstein admits to borrowing $400k a 'few years' ago to play at Full Tilt. Why the hell didn't he just pay it back, we know he can afford it!

    I guess we all just sit here in a catatonic state hoping that Tapie and the DOJ will return our f-ing money someday!
  18. ApesAreFun ApesAreFun is offline Moderator/Euro Donk

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    Feb 6th, 2012 (2/6/2012 6:08pm) in reply to RANDYPET

    So sick...

    http://www.pokernews.com/news/2012/0...l-ti-11962.htm
     906 
  19. Chris Doggy Chris Doggy is offline

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    Feb 6th, 2012 (2/6/2012 6:41pm) in reply to ApesAreFun

    I hate the way Barry G keeps banging on about paying back the US players. You owe FTP money, who owe American AND ROW players money, so pay it back you rich fuck. At least he has said something to the community but I just don't like what he said or how he said it.
    Edited By: Chris Doggy Feb 6th, 2012 at 06:53 PM
     
  20. mcandrews3rd mcandrews3rd is offline

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    Feb 6th, 2012 (2/6/2012 7:03pm) in reply to Chris Doggy

    kind of scary to think that the players you thought were beating the game and were self made millionaires were in fact in debt
    183 1
  21. Geraldo22 Geraldo22 is offline

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    Feb 6th, 2012 (2/6/2012 8:40pm) in reply to mcandrews3rd

    i remember on PAD cash game a few years back, matusow was berating fergie for being the richest man in poker, but refusing to straddle. pretty pathetic that he wouldnt even straddle with other peoples money, i hope he burns!
     
  22. iamthedeck ftw iamthedeck ftw is offline

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    Feb 6th, 2012 (2/6/2012 8:56pm) in reply to Geraldo22

    Let's start with the $400,000 that you said you borrowed from Full Tilt Poker. Did you borrow the money from Full Tilt or from one of the board members directly?
    I just made a call. I don't think it's right to say to who

    Read more: http://www.pokernews.com/news/2012/0...oney-11943.htm

    It is not only right but it's imperative that we find out who this person was. There was someone in particular giving authorization for these huge "loans" that seemed to be treated more like freerolls, and we need to know who it was. This person is directly responsible for the money owed to us, the payers, and the turmoil that has come with it.
     
  23. IBGrindin IBGrindin is offline

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    Feb 6th, 2012 (2/6/2012 9:25pm) in reply to iamthedeck ftw

    I'm shocked Greenstein hasn't been released from his pokerstars contract and I urge Pokerstars to release him from it ASAP.
     
  24. ApesAreFun ApesAreFun is offline Moderator/Euro Donk

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    Feb 6th, 2012 (2/6/2012 9:56pm) in reply to Geraldo22

     
    Originally Posted by Geraldo22 View Post

    i remember on PAD cash game a few years back, matusow was berating fergie for being the richest man in poker, but refusing to straddle. pretty pathetic that he wouldnt even straddle with other peoples money, i hope he burns!

    Hey, he'd earned it fair and square.
    No wait...
    Edited By: ApesAreFun Feb 6th, 2012 at 10:58 PM
     906 
  25. Adam Adam is offline Emperor

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    Feb 6th, 2012 (2/6/2012 10:09pm) in reply to ApesAreFun

    This is the problem with having a poker site being run by poker players, tbh. Obviously that's not 100% going to happen any time this is the case, but the poker playing reality is very different from the real world. In the poker world people lend and borrow huge sums of money for all kinds of weird reasons that don't necessarily have the same types of terms that normal loans have. I'd bet they lent money to people like Layne just because he was their friend. If people don't have the ability to see their business in a different light than their (very) unorthodox lifestyle, they're going to be in problems, especially when their business gets big.

    I disagree with whoever said the new FTP will quickly make back $16.5M. I think a LOT remains to be seen about how viable that business will be. That have a lot of pros (great software, rush poker, gigantic userbase) but also some pretty huge cons, particularly that they've been offline now for more than 6 months and have a pretty terrible reputation right now. Even random people in my family ask me what the hell happened there. So it'll be a challenge to build them back up
     
  26. McBain74 McBain74 is offline

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    Feb 7th, 2012 (2/7/2012 1:42am) in reply to Adam

    Count Chocula is awful sketchy about his side of the story....regardless, what a fkn dog show show this whole ordeal is turning out to be.
     
  27. Ozzie Ozzie is offline

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    Feb 7th, 2012 (2/7/2012 5:56am) in reply to Geraldo22

     
    Originally Posted by Geraldo22 View Post

    i remember on PAD cash game a few years back, matusow was berating fergie for being the richest man in poker, but refusing to straddle. pretty pathetic that he wouldnt even straddle with other peoples money, i hope he burns!


    wtf? who cares?
  28. loose_cannon_jj loose_cannon_jj is offline

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    Feb 7th, 2012 (2/7/2012 6:06am) in reply to Ozzie

    If we're depending on degen gamblers to pay back FTP as a condition to get FTP up and running, and for players to get paid back, then we're all screwed. These guys are degens, that money is long gone.
    Edited By: loose_cannon_jj Mar 13th, 2012 at 12:11 AM
  29. MarkFSU1 MarkFSU1 is offline

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    Feb 7th, 2012 (2/7/2012 6:19am) in reply to loose_cannon_jj

     
    Originally Posted by loose_cannon_jj View Post

    If we're depending on degen gamblers to pay back FTP as a condition to get FTP up and running, and for players to get paid back, then we're all screwed. These guys are degens, that money is long gone.

    yes, tbh this is what i was thinking. if this deal with Tapie really hinges on these guys paying back were in pretty big trouble.
     
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