http://wickedchopspoker.com/confirme...ll-tilt-poker/
my buddy is a part owner of pokerfuse (mamba pit member on Venompoker) and works @ pokerstars and they broke the original story so I believe this is solid info
GBT was going to use FT to help launch the ISPT. Now hopefully they will buy UB to do it and give UB$ holders a ray of hope.
The more I read, it's kind of shocking that they didn't arrive at this juncture much sooner. Given Dikshit paid out $300 million to be rid of smaller issues, and the DOJ fines are calculated arbitrarily without precedent with so few of this type case, that I imagine the DOJ could have simply shipped a $600 million fine offer to Isai's lawyers to make it all go away, and he likely would have took it straight up, getting nothing in return.
Instead, they simply call it the player balances + over $400 million in fines, and the players get paid back, and the DOJ can call it a win, and avoid a bunch of nonsense regarding how to charge and extradite a guy whom I'm sure is very powerful in Israel, which is a political clusterfuck of an issue between two friendly allies. This way, he can travel anywhere he wants, his company by proxy will likely make their money back by licensing shit to the US, and everyone is happy. On the surface, I don't even know who the winner is, both I think. In a way, they made him pay premium for a less than premium company, but on the other hand, it's kind of a sweetheart deal as it will take any pressure off him, and he'll make it back one way or the other eventually, and though he may have never wanted to leave Israel anyways, his heirs won't have to sweat asset grabs, etc. for the rest of their lives.
In retrospect, it makes total sense.
I write things about poker at my Poker Blog and elsewhere on the Internets
No, it is public info what I posted
His name is on pokerfuse which is a great site
And he has helped tremendously working with Pokerstars to lower rake in the limit games and I believe (not 100 %) he has a title on 2+2 with a pokerstars logo
I am not saying he directly leaked the info and I haven't even read the story on pokerfuse. But reports are pokerfuse broke the story
Edit: just read the story on pokerfuse and he did write it. Still doesn't mean he leaked the info as he has credited other sources for the details of his report
http://pokerfuse.com/news/law-and-re...ions-with-doj/
Last edited by chinamaniac; 04-25-2012 at 06:10 PM.
It looks like the HUGE thread on the 2+2 NVG forum about PS buying FT was deleted without any explanation. (?)
(Then, a thread that was started asking why the other thread was deleted, was locked by SGT RJ (a mod) with a warning and then THAT THREAD looks to have been deleted now!)
Pokerstars sponsors the 2+2 pokercast, right?
Just sayin'.
Looks like the thread has been restored... Apparently it was quarantined after "DF" (?) made a detailed post that "violated the terms" of some NDA (non-disclosure agreement) and the mods had a powwow in the moderator forum about what to do about the post. I don't know if that post in question has now been lost forever or what.
Looks like censorship at its finest tho.
("DF" = "Diamond Flush", apparently)
I thought this was going to be a level, but it isn't. Video found of Howard Lederer talking about ethics and honesty. Give the site that found this a click:
http://pokerupdate.com/features/iron...-ethics-video/
"You create a group of friends that all are willing to help each other. You find you gravitate towards other honest people. That allows you to play bigger. Maybe a little beyond your bankroll."
2+2 Thread
http://forumserver.twoplustwo.com/29...thics-1198409/
Sabbotaged my ass.. Only people responsible for GBT failing to buy FTP is GBT,.. Truth is this fucking idiots had no idea what they were getting themselves into. Also they assumed somehow they wouldnt be responsible for the funds owed US players and basically told the DOJ the same thing that they felt the DOJ had the responsibility since they seized FTPs assets that they alone (DOJ should be DOH) should eat the costs to repay US Players, cant say I blame them for feeling this way but it was a pipe dream. When suddenly they were buying an asset of unknown worth with a liability of well over a qtr billion to US players they decided to back out and claim sabbatage by some 3rd party which is BS and GBT lying abotu shit giving Bernards own criminal behavior for game fixing etc nobody should be surprised by this.. Just glad the most viable option out there is going to try an dmake it right.. It does however create the high likelyhood of a near monopoly in the online poker world but lets be honest Pre BF FTP and PS numbers represented a huge pct of the online poker business anyway.. The reality is PS and FTP though will have to be content with the Euro/Asian market as no sign of them being allowed back into the US to joint he party again anytime soon after online poker is legalized (again thank god for Dual citizenship I will eventually get back on PS legally through a 2nd home and well some well placed electronic maneuvering such as logmein or flat out using a VPS) with legit Canadian passport, Address and what not and playing through Canadian locations be it my home or VPS theres nothing PS can do to bitch about me playing once I get it all taken care off
There are currently 1 users browsing this thread. (0 members and 1 guests)