GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Full Tilt Poker Blew $444 Million Of It's Players Money

porno jew · 09-21-2011, 07:04 AM

http://newyork.ibtimes.com/articles/...s-new-york.htm

Full Tilk Poker, an online poker company that illegally paid its board members over $440 million from its player accounts, was "a global Ponzi scheme," said federal prosecutors Tuesday.

The initial complaint, filed in April 2011, alleged that Full Tilt CEO Ray Bitar and board members Lederer, Ferguson and Rafael Furst defrauded players of $300 million by failing to maintain sufficient funds to pay out the players' deposits and winnings.

Prosecuters now accuse the executives of transferring player funds to their own accounts in Switerzland and other offshore locations, according to a Forbes report.

As of March, the company had only $60 million left in its bank accounts while owing around $390 million to gamblers around the world.

09-21-2011, 07:04 AM
porno jew Too lazy to set a custom title Industry Role: Join Date: Nov 2006 Posts: 10,166	Full Tilt Poker Blew $444 Million Of It's Players Money http://newyork.ibtimes.com/articles/...s-new-york.htm Full Tilk Poker, an online poker company that illegally paid its board members over $440 million from its player accounts, was "a global Ponzi scheme," said federal prosecutors Tuesday. The initial complaint, filed in April 2011, alleged that Full Tilt CEO Ray Bitar and board members Lederer, Ferguson and Rafael Furst defrauded players of $300 million by failing to maintain sufficient funds to pay out the players' deposits and winnings. Prosecuters now accuse the executives of transferring player funds to their own accounts in Switerzland and other offshore locations, according to a Forbes report. As of March, the company had only $60 million left in its bank accounts while owing around $390 million to gamblers around the world.