Already facing a multi-million dollar lawsuit in one state because of his alleged cheating in the Stones Live cash games, Mike Postle is now the subject of a federal lawsuit in another state.
Marle Cordeiro filed a lawsuit against Postle this week in Nevada, seeking a quarter-million dollars in punitive damages plus three times the amount of money she lost to Postle in the live-streamed cash games at Stones Gambling Hall, as well as all legal fees. The first lawsuit, filed in California in October 2019 seeks $30 million on behalf of a number of poker players who were allegedly cheated by Postle.
The latest lawsuit alleges Postle was in violation of the Racketeer Influenced and Corrupt Organizations (RICO) Act, committed fraud, negligent misrepresentation, and negligence per se.
The suit details one particular hand Cordeiro and Postle played together on the live stream as a means of demonstrating Postle’s cheating. On September 21, 2019 Cordeiro was playing $10/$25/$50 NLHE and was dealt the and raised to $150. Postle defended his big blind with . After the flop, Postle check-called Cordeiro’s bet of $200. The turn was the and Postle check-folded to Cordeiro’s bet of $600. The lawsuit points to the live stream commentator who “exclaimed, “It doesn’t make sense!” and claims that Postle’s fold in this spot “is only attributable to his tortious conduct.”
In total, the lawsuit mentions 68 sessions between July 2018 and September 2019 in which Postle played on the Stones Live live stream and is alleged to have cheated. The lawsuit points out Postle was a winner in 94% of the sessions he played and points out that “such a winning percentage, under these confined circumstances in a streamed environment, is not known to have ever been achieved by any other poker player…”.
The filing details the allegations against Postle that he used a cell phone placed in his lap, out of the view of other players, to receive information regarding the hole cards of other players from a “confederate” working on the live stream broadcast. Postle is the only defendant named in this filing, but the California lawsuit listed Postle, as well as King’s Casino, the owner of the Stones Gambling Hall, and Justin Kuraitis, the Stones Tournament Director who was also responsible for the management of the streaming operation, as defendants.
Earlier this year, King’s Casino filed a motion to dismiss the lawsuit, claiming that the “lawsuit reflects the oldest complaint of gamblers – that their lack of success means they were cheated”.