I love the people who say, "no one will play on that POS site b/c of its rep" etc. No such thing as bad publicity. This site has an unreal amt of exposure (all be it, negative exposure) and so when it does get the "new image" and repositions itself under new management, you better believe that not only will there be players but I think there will be more than before...

Funny I don't see too many "go put on your tinfoil hat" comments anymore. Looks like blind faith in an unregulated overseas operation will have some of you eating out of tinfoil containers for awhile. Best of luck getting your $$ back.

donkeytrap - I know alot of people in Europe that would be happy if FTP was back up under new ownership and paying its customers. It will never be available again in the US imo, but the software, game selection, rush poker, and rewards program (+ rakeback) are missed by many. If I feel I can make money there and will get paid out (i.e. secure ownership), I would go back myself as well. I still hate Bitar and Lederer, but if my bottom line can improve by playing there again, I and others I know would gladly go back to play there if the circumstances made sense under new ownership.

 

Originally Posted by blackberry_jam

please stop posting. you're making the great people from our commonwealth look incredibly ignorant. i'm assuming you alos do NOT know what the definition of "ignorance" is either and you will take it as an insult. which i am insulting you because you obv do NOT know what a ponzi scheme IS, nor do you you understand the situation entirely. FTP has nothing to do with why stars has paid out. geeezus you ppl are so tilting.

It's [flaming removed] that make the commonwealth state's crime rate increase year in and year out. You also appear to have no idea what proper "grammar," "punctuation," and "spelling" consists of. I highly doubt you even graduated high school.

Why don't you take your little sissy attitude and apply at McDonalds? At least you'd get paid to spit in your rival American's food. You probably live in Harlan county, and only see the sunlight when you step away from the backlashing you just endured while working in the coal mines. LMFAO!

 

Originally Posted by DanVee

It is NOT a Ponzi Scheme. That's the main problem - the media. A Ponzi Scheme is a fraudulent investment operation, which I would not consider Poker to be; whereas Embezzlement is a fraudulent "appropriation of funds.entrusted to your care but actually owned by someone else"

It is most definitely a Ponzi Scheme. Here's why:

The investor aka "Poker Player" deposits funds into Full Tilt's online account. Full Tilt then sits on the funds and allows it to collect interest over the next several months. Meanwhile, as new investors join/deposit on the site, Full Tilt pays the initial player's winnings with those funds. Eventually, the scheme falls under it's own weight due to the default in depositors and increase in profits earned by players.

Now, tell me it wasn't a ponzi scheme.

 

Originally Posted by NeedsMeSpinach

Because they made 14billion a year.

Yet our government sits and debates which non-profit funding organization they can cut to save money. LMFAO!!!!!!!!!!

[QUOTE=wackyJaxon;6518332]donkeytrap - I know alot of people in Europe that would be happy if FTP was back up under new ownership and paying its customers. It will never be available again in the US imo, but the software, game selection, rush poker, and rewards program (+ rakeback) are missed by many. If I feel I can make money there and will get paid out (i.e. secure ownership), I would go back myself as well. I still hate Bitar and Lederer, but if my bottom line can improve by playing there again, I and others I know would gladly go back to play there if the circumstances made sense under new ownership.[/QUOTe

i agree and think the sofware,rewards,structures,etc were all top notch and I would also gladly go back and improve my bottomline under the right circumstances(i like money 2). i just think the damage done is going to be extremely tough to recover from if your looking at it from a brand name/value standpoint its name is burned into peoples minds as a big scam , time will tell but yes there setup/clientbase was premium and all i can say is you dont know what you have until its gone. makes me sick they had to run this thing crooked and ruin such a great thing

Never will I play there again, they lied and said player funds were segregated, they started taking our money as far back as 2007, years before the processor problems, there was criminal intent here, this was not just a poorly run business. This was a criminal enterprise

 

Originally Posted by blackberry_jam

^^^^^^^^^^ This

you other trolls are really the most moronic, ignorant ppl in the world.
FTP under new management, but with the same software and game offerings, would be back and better than ever IF and WHEN the money owed out, is paid.
all of this debacle has been an absolute shit show for the past few months, agreed... however it was NOT done intentionally by one, some, or all members of the FTP owners. The owners and operators of FTP had no way of knowing an event like BF would ever occur, causing such dramatic effects throughout the world of online poker. They had a multi billion dollar business, agreed that was managed very poorly, however there is and was NO REASON for them to ever "fuck us over". they were making WAY TO MUCH $$$$$$ to ever have to do that. The most part of the blame should go on the US DOJ, Eric Holder, and this fucking camel jockey, preet bharara, parading around trying to make names for themselves. FTP was not a "ponzi scheme" as tho dubbed by Bharara. OBV this fucking tool doesnt even know the true definition of what a ponzi scheme is, and i'm assuming most of you ignorant mother fuckers dont either. I'm not taking up for anyone associated with the decision making of FTP... things should have been handled very differently from the get go! however... i believe in my heart that they do want to make things right... they do want the players to be paid... and they are working very hard on making that happen. If this deal is real and does happen... and we get our $$$... ftp reopens its tables under new management, that works tremendously hard to get things going again,(with the same MTT sched) they will be right back as one of the largest sites in the world. Sit back and watch...............

lol, this is the most ridiculous post I have read yet, all they had to do was take US player funds back out of their personal accounts and pay the US players. Then, they could have carried on like pokerstars and continued serving the rest of the world except the US. There is no way they spent all that money, apparently nobody was willing to give it back because these arrogant bastards believe they earned it