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Found 5 results

  1. No one can deny that tournament pro Erick Lindgren (pictured) has had a stellar career at the poker tables. But, a penchant for betting on sports and playing table games has left him near penniless, with creditors demanding the repayment of millions. Unable to cope with his financial burdens, the two-time bracelet winner recently filed for bankruptcy protection for the second time in just three years. Facing a $2.5 million debt to Full Tilt Poker and a $3.8 million bill from the IRS, Lindgren first filed for bankruptcy in 2012. His hefty online poker deficit was the result of previous loans of $531,807 coupled with a $2 million transfer accidentally paid to his account in 2011. After noticing the multimillion dollar mistake, Full Tiltfounder Howard Lederer contacted Lindgren requesting he transfer the money back. "I called him maybe a dozen times," Lederer told PokerNews. "I shipped him off the wire information and he never paid it back… Ever." PokerStars would later go on to acquire Full Tilt and, at the same time, the $2.5 million IOU from Lindgren. The gaming giant sued in 2012, but a judge suspended the proceedings due to Lindgren's bankruptcy case. In the end, the poker pro's move did not have the intended effect and the $2.5 million was kept on the books. Once the bankruptcy trial concluded, PokerStars was once again free to renew efforts to collect the payment, which it did in January. Things have not been all bad for the former Full Tilt pro as of late. In this year's WSOP, Lindgren cashed for $4,000 in the Colossus and made a deep run in the Millionaire Maker, taking seventh place for a $193,675 payday. But between backers, creditors, and the IRS, he could see little of that prize. In fact, court documents reveal that Lindgren's debt has grown even larger, now totaling more than $8 million. The two-time bracelet winner, who has banked over $10 million in live tournament earnings, now lists his assets at just under $50,000. Before his second bankruptcy filing, Lindgren spoke to Bluff Magazine, stating that before Black Friday, he had whittled down his debts to under $2 million. After a stint in rehab, the poker pro claimed he had made a deal with his creditors to repay the funds over a period of time. Problem gambling aside, Lindgren is recognized as one of poker's brightest stars. He consistently makes his way to final tables and can even boast of being the only WSOP bracelet winner to win $1 million in tournaments for five consecutive years. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook.
  2. In 2013, the Millionaire Maker debuted at the World Series of Poker (WSOP), the goal of which was to give those who couldn't shell out five-figure buy-ins the chance to play in a massive live tournament for a whopper of a potential prize. --- Tournament Poker Edgeis the only poker training site dedicated exclusively to MTTs and features over 1,000 training videos, blogs, articles, podcasts and a dedicated strategy forum for members. Check Tournament Poker Edge out on Twitter. --- A total of 6,343 entrants bought in to that first Millionaire Maker, creating the largest single-day starting field in WSOP history. Benny Chen took the title and nearly $1.2 million. The following year, even more people showed up – 7,977 – and Jonathan Dimming won the top prize of over $1.3 million. This year, the numbers are down, but at 7,275 registrants, it is still a larger Millionaire Maker than the original. What has become interesting about this one is that while the tournament was originally designed to give relative low-rollers a shot at the big money, the remaining field of 17 people going into Day 3 of the event features a number of well-known, successful players. Many such players tend to focus on the higher buy-in events, but the possible payday for a cheap buy-in in a field filled with what one would assume are lesser-skilled players can be too tempting to pass up. Let's take a look at a few of the notable players who have waded through the 7,275 player field to the edge of the final table. Seventeen players remain. 2nd Place – 5,950,000 chips – Erick Lindgren Lindgren (pictured) was one of the stars of the poker boom, one of the Full Tilt pack whose face was all over poker television. Black Friday was the catalyst of a downward spiral for Lindgren, though, as the lack of income from the Full Tilt combined with a sports betting addiction put him in a massive, multi-million dollar financial hole. Reports surfaced in 2012 from many fellow poker players that he had not made good on betting debts and, earlier this year, Rational FT Enterprises sued him for $2.5 million for disputed money transfers from Full Tilt. Lindgren has $10 million in lifetime earnings, but aside from two $600,000+ cashes in 2013 (including a WSOP bracelet), he has been relatively silent at the tables for the last few years. 4th Place – 5,150,000 chips – Olivier livb112 Busquet A very successful tournament player, Busquet has over $6.1 million in live earnings and is currently ranked 30th in the Global Poker Index. His most recent significant score came last August when he won the European Poker Tour Barcelona Super High Roller for €896,434. Busquet is probably best known by poker fans as a commentator for ESPN's WSOP broadcasts. 6th Place – 3,300,000 chips – Mike Sexton Not much needs to be said about Sexton (pictured at top), the "Ambassador of Poker" and 2009 Poker Hall of Fame inductee. He is one of the most popular faces in poker history. Though many have had more success than Sexton – he only has one WSOP bracelet – he is one of the most important figures in the game, helping popularize poker during the boom as a PartyPoker spokesperson and commentator for WPT broadcasts. 16th Place – 1,340,000 chips – Andrew luckychewy Lichtenberger Lichtenberger (pictured) first made his name online under nickname luckychewy, amassing $2.4 million in tournament earnings and making it into the top 100 of the PocketFives Rankings. As recently as May, he nabbed a six-figure score, finished second in a SCOOP event for $135,300. He has made the transition into a very successful live tournament player, earning more than $6.2 million in live events, according to TheHendonMob.com. He currently ranks 71st on GPI. His best live cash came last December, when he won the $100,000 Alpha8 at the WPT Five Diamond World Poker Classic, a $1.77 million score. Lichtenberger is seeking his first WSOP bracelet. Congrats to Hellmuth on his 14th bracelet! Stay tuned to PocketFives for the latest WSOP coverage, brought to you by Tournament Poker Edge. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook.
  3. Former Full Tilt Pokerpro Erick Lindgren (pictured) is being sued by PokerStars for $2.5 million after failing to repay various loans, along with an "erroneous" payment made by his former employer. In April 2011, Full Tilt credited Lindgren's account with a $2 million payment for services rendered as part of the company's sponsored roster. Perhaps indicative of the way Full Tilt executives played fast and loose with company funds, the 38-year-old pro was accidentally paid another $2 million one week later. The suit claims that after the second credit was made, Lindgren failed to repay the funds and became unreachable by company executives. "I tried calling him maybe a dozen times," said Full Tilt founder Howard Lederer in an interview with PokerNews. "I shipped him off the wire information and he never paid it back… ever." PokerStars subsequently bought Full Tilt for $730 million and, along with it, inherited debts owed to the company. Along with the $2 million, the Isle of Man-based gaming giant also seeks to recover pre-Black Friday outstanding loans made to Lindgren totaling $531,807. The poker pro was contacted by PokerStars attorneys in 2012 seeking repayment, but efforts to collect the cash were suspended due to Lindgren filing for bankruptcy. The poker pro didn't dispute the $2.5 million debt in his filing, but the bankruptcy court "took no action with respect to PokerStars' claim" and decided to keep the debt on the books. After the court proceedings were wrapped up, PokerStars was "free to renew its collection activities." The lawsuit comes as another blow to Lindgren, whose career rapidly took a turn for the worse after Black Friday. In 2012, well-known gambler Haralabos Voulgaris made a post on 2+2 claiming that Lindgren owed $100,000 in sports betting debts. "We all knew that Edog was pretty much a piece of **** when it came to settling gambling debts," wrote Voulgaris. "But as long as the Full Tilt money train was chugging along paying distributions, nobody wanted to speak up. Now, it's pretty clear that FTP is done and so are any prospects of Erick being able to pay anyone back." The post spawned a massive thread, with several other players claiming Lindgren owed them money as well. In an interview with Bluff Magazine, Lindgren revealed that at one point he owed $10 million, but "going into Black Friday" he had knocked that down to under $2 million. Later that year, the beleaguered pro eventually found his way into rehab and now claims he has made a deal with his debtors to slowly pay back what he owes. Even so, Lindgren continues to excel in the poker world and was recently lauded as the only known player to win $1 million in poker tournaments over five consecutive years. His worst year since 2000 came in 2012, when the pro won only $50,810. The 2013, he hit the million-dollar mark again, taking home $1.3 million. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  4. While poker superstars like Phil Hellmuth, Doyle Brunson, Johnny Chan, and Phil Ivey top the list of WSOP bracelet winners, only one player can boast earning $1 million in tournaments for five years in a row. The player in question is Erick Lindgren (pictured), who pulled off the accomplishment from 2004 to 2008. During that time, the California native pocketed $6,369,076, for a total of $10,005,543 in lifetime tournament earnings, according to the Global Poker Index. The team at PokerNewswas the first to report on the feat after overhearing it mentioned by Erik Seidel at the tables. While Lindgren might be the only member of the five years, $5 million club, several players are poised to join him. Daniel Negreanu is one of them and is on track to bank over a million dollars for the fifth consecutive year. In 2011, the Canadian grinder posted $1,534,367 in winnings and has seen his yearly scores increase ever since. With his second place finish in the 2014 Big One for One Drop, last year's take of $10,284,118 will be tough to beat, though. So far this year, Negreanu has added another $109,680 to his tournament bankroll and has more than enough time pick up the $900,000 he'll need to join the club. Also on deck are David Doc SandsSands (pictured), who has $6,657,264 in winnings over the past four years, Brian tsarrastRast with $6,947,556, and Philipp philbort Gruissem with $9,424,437. Some players have come close, but were sent back to the drawing board after a year of banking less than the seven-figures required. Tournament pro Jason treysfull21 Mercier has had a stellar career at the tables over the last eight years. From 2008 to 2015, Mercier won a total of $13,734,780, posting earnings of less than $1 million only in 2012, when he finished the year $523,587 in the black. This year, Mercier has pocketed $113,860; a one million-dollar 2015 would give the pro three years of consecutive seven-figure cashes. Sam Trickett, the second place finisher in the 2012 Big One for One Drop, also racked up four years of million-dollar cashes, but fell short of the fifth in 2014, when he took only $665,911. In eight years of recorded cashes, Trickett has banked over $20 million. Several others have started on the five-year accomplishment, getting two or three years toward the achievement. Germany's Ole Schemion already has three million-dollar years under his belt, with $27,700 in winnings in 2015. Grinder Joseph subiime Cheong is also knocking on the door, posting seven-figure scores every year since 2012. Want the latest poker headlines and interviews? Follow PocketFives on Twitterand Like PocketFives on Facebook. You can also subscribe to our RSS feed.
  5. Chino Rheem is about as polarizing of a figure as you’ll find in today’s world of poker, but for all of the issues he’s had over the years, there’s no denying his ability to perform on the game’s largest stages. Rheem has won three World Poker Tour titles, final tabled the WSOP Main Event, and amassed more than $10.5 million in live tournament earnings. Coming off a first-place score for more than $1.5 million in the 2019 PCA Main Event, Rheem recently became the 41st poker player in history to win more than $10 million from live poker tournaments. Here’s a look at the five biggest scores of Rheem’s poker career. 7th in 2008 WSOP Main Event ($1,772,650) Rheem had been around the poker world for a handful of years before the 2008 World Series of Poker, and he even had a second-place finish in a gold bracelet event in 2006 that earned him $327,981. He truly made waves in the 2008 WSOP Main Event, though, when he aggressively splashed his way through the 6,844-player field to reach the final table in what was the first-ever WSOP November Nine. Rheem entered the 2008 WSOP Main Event final table in sixth position on the leaderboard. His run ultimately ended in seventh place after he got the last of his money in with the [poker card="As"][poker card="Kc"] against Peter Eastgate’s [poker card="Ah"][poker card="Qd"]. A queen hit the flop, and that was all she wrote for Rheem, who was sent to the rail with a $1.772 million prize. 1st in 2019 PCA Main Event ($1,567,100) The 2019 PokerStars Caribbean Adventure Main Event attracted 865 entries. With six players left, Rheem entered the final day with the chip lead. He busted all five of his opponents to win the 2019 PCA Main Event and capture its $1.567 million first-place prize. This result proved to be, at the time, the second largest of Rheem's career, just behind his WSOP Main Event seventh-place finish. It also moved him to more than $10.5 million in live tournament earnings and he became the 74th player to eclipse the $10 million earnings mark, per HendonMob. 1st in WPT Five Diamond ($1,538,730) Rheem was one of 497 entries in the World Poker Tour’s Five Diamond World Poker Classic event at Bellagio in 2008. The event was part of Season VII of the WPT and featured a buy-in of $15,400. The prize pool was $7.231 million, of which Rheem got the most of when he scored the $1.538 million top prize. It was the first of Rheem’s three World Poker Tour titles and came just a month after he finished seventh in the World Series of Poker Main Event. At this final table, Rheem had stiff competition in the form of Justin Young, Evan McNiff, Steve Sung, Amnon Filippi, and Hoyt Corkins. 1st in WPT World Championship ($1,150,297) To conclude Season XI of the World Poker Tour, Rheem won the $25,500 buy-in WPT World Championship. The event was held at Bellagio in Las Vegas in 2013 and attracted 146 entries to create a $3.54 million prize pool. In the end, it was Rheem against Erick Lindgren for the title, with Rheem coming out on top to win a $1.15 million payday and his second WPT title. 1st in Epic Poker League Event #1 ($1,000,000) Currently standing as the fifth largest score of Rheem’s poker career is a victory in the now defunct Epic Poker League. Rheem won the EPL’s first title, defeating a field of 137 entries in the $20,000 buy-in tournament to score the $1 million top prize. At the final table, Rheem out-battled runner-up Erik Seidel and third-place finisher Jason Mercier en route to the title and million dollar payday.

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