Tom Dwan On Fox! Interview About Full Tilt Poker Being A Ponzi Scheme
The millions of people who signed https://krimket.com/poker/olimpic-casino-poker-club.html for a Web site called Full Tilt Poker knew they full tilt poker pros there full tilt poker pros gamble.
But it turns out they were taking on far more risk than they realized, even when they had no chips on the virtual table.
That is the essence of a that federal prosecutors filed on Tuesday.
Bharara, the United States attorney for the Southern District of New York in Manhattan, whose office filed the complaint on Tuesday.
Barry Boss, a lawyer for Full Tilt, which had its headquarters in Ireland, was on a flight and unavailable to comment, a person at his office said.
In April, the government shut down access to the sites for American players, arguing that they were violating fraud and money-laundering laws.
Advertisement Before that, American players had wagered hundreds of millions of dollars on the sites.
From their home full tilt poker pros, players would put money into accounts with the virtual poker clubs and then bet against one another.
Full Tilt, like the others, told players that it kept their money — including their winnings — in accounts that they could tap into or close out at any time.
And the company had a reputation for paying back players in a timely fashion.
When the sites were shut down, prosecutors worked out agreements with them to help them repay players what they were owed.
But reimbursements to Full Tilt players slowed or stopped altogether.
Photo A screen shot of the Full Tilt Poker site on Tuesday.
The two men could not be https://krimket.com/poker/high-stakes-poker-you.html for comment.
Greg Brooks, an accomplished poker player who check this out once a regular player at Full Tilt, said the federal complaint was a painful eye-opener about what was happening behind the scenes at Full Tilt.
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He said he was reimbursed a substantial but lesser amount by Poker Stars.
Their behavior, he said, represented a major breach of trust and honor among players.
In its complaint, which is meant to amend the original criminal complaint unsealed in April, the government asks that the members of Full Tilt management forfeit illicitly gained funds.
Under federal rules, Full Tilt players could have the opportunity to petition for their money once the lawsuit is resolved.
To the extent sites get a reputation for slow pay or no pay, that will quickly circulate.
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