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The Act of Forgiveness ?

The Act of Forgiveness ? | This Week in Gambling - Poker News | Scoop.it
If Full Tilt Poker repays their players in full, can you forgive Howard Lederer and Chris Ferguson?


Merriam-Webster’s Dictionary defines forgive as “to give up resentment of or claim to requital for.” Resentment is a strong emotion, but because of the events that occurred April 15, 2011, countless poker players and fans don’t just resent Howard Lederer and Chris Ferguson — they hate them.


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“New Full Tilt Limited" Incorporated in Ireland

“New Full Tilt Limited" Incorporated in Ireland | This Week in Gambling - Poker News | Scoop.it
According to records obtained on SoloCheck.ie, a software consultancy & supply company known as New Full Tilt Limited was incorporated on February 14, 2012.


According to those records, Laurent Tapie is named as the company’s director and secretary while Prosper Jerémy Masquelier, a co-founder of the International Stadium Poker Tour (ISPT), was added as second director in March.


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Public Hearing Into New Full Tilt Poker License - Poker News

Public Hearing Into New Full Tilt Poker License - Poker News | This Week in Gambling - Poker News | Scoop.it


The Alderney Gambling Control Commission has announced a public hearing into the recent application by Orinic, a Full Tilt company, for a new license.


Oral submissions will be accepted at the public hearing in the Braye Beach Hotel, Alderney on Thursday May 3 at 2 p.m.


Orinic is a Full Tilt related company. It’s license was suspended by the AGCC at the time other Full Tilt licenses were revoked last year.Public Hearing Into New Full Tilt Poker License


Public Hearing Into New Full Tilt Poker LicenseAlderney Gambling Control Commission Announces Public Hearing Into Suspended Licence of Orinic, a Full Tilt Company
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New class-action suit filed against Full Tilt Poker directors

New class-action suit filed against Full Tilt Poker directors | This Week in Gambling - Poker News | Scoop.it


Two Full Tilt Poker directors were hit with another class-action

lawsuit Thursday by online poker players upset because they can’t withdraw funds from the company.




Attorneys for four lead class-action plaintiffs filed suit in federal court in Las Vegas against Full Tilt directors Howard Lederer and Chris ''Jesus'' Ferguson, alleging conversion.


The lawsuit complains that before and after ''Black Friday'' — nearly one year ago on April 15, 2011 — Lederer and Ferguson ''exercised unlawful dominion and control'' over players’ funds in Full Tilt accounts.

It was Black Friday when federal prosecutors unveiled a crackdown and criminal fraud charges against online poker sites Full Tilt, PokerStars and Absolute Poker.


Later in 2011, the government claimed Full Tilt ''was not a legitimate poker company, but a global Ponzi scheme.''


Thursday’s lawsuit in Las Vegas focused on the Ponzi scheme allegation, charging U.S. players have been wrongfully denied access to some $150 million in their Full Tilt accounts in part because of the actions of Lederer and Ferguson.


The lawsuit claims Lederer received some $42 million in distributions and ''profit sharing'' payments, some of which was loaned from Full Tilt and may or may not be outstanding; while Ferguson similarly received $85 million, some of which may have been in the form of loans.


''Additionally, defendants approved distributions and loans to the other owners of Full Tilt Poker from funds directly traceable to the player accounts,'' the lawsuit says. ''The distributions and loans to Lederer, Ferguson and the other Full Tilt Poker owners were from intermingled funds containing monies from the player accounts.''


The suit seeks a court order requiring the defendants to refund players their money and punitive damages.


The lead plaintiffs in Thursday’s suit are poker players Steve Segal of New York, Nick Hammer and Robin Hougdahl of Minnesota and Todd Terry of New Jersey.


The same four players last year filed a class-action suit against Lederer, Ferguson and other Full Tilt officials and corporate entities in New York alleging racketeering because of an alleged pattern of bank fraud, wire fraud and money laundering; but in January a federal judge found that court lacked jurisdiction over the individual Full Tilt defendants.


In trying to establish jurisdiction for the new Nevada lawsuit, the players’ attorneys cited ''diversity jurisdiction'' in which all parties are residents of different states; and ''personal jurisdiction'' and ''venue'' because Lederer lives in Nevada, Ferguson has ''conducted substantial business'' within Nevada and ''because many of the wrongs and acts complained of herein were contemplated and executed by defendants in this district.''


The Full Tilt defendants have not yet answered the new Las Vegas lawsuit, but they’ve denied similar allegations in other suits including one filed in October in Los Angeles by different poker players.


The Los Angeles lawsuit names not just Lederer and Ferguson, but also Full Tilt CEO Raymond Biter and celebrity players including Phil Ivey.


Besides the New York and Las Vegas cases involving Segal and his three co-plaintiffs, and the Los Angles case; there are three other federal civil suits pending against Full Tilt and its officials involving different plaintiffs in New York.


One of those plaintiffs is the United States, which in an amended complaint in September unveiled the Ponzi scheme allegations against the company. The government claims that as of March 31, 2011, Full Tilt Poker owed about $390 million to players around the world, including about $150 million to U.S. players, but had only about $60 million in its bank accounts.


Thursday’s Las Vegas lawsuit was filed by attorneys at the firm Shook & Stone Chtd. In Las Vegas and the firm Wolf Haldenstein Adler Freeman & Herz LLP in New York.

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Classic Find: Disgraced Poker Pro Howard Lederer on Business Ethics

Classic Find: Disgraced Poker Pro Howard Lederer on Business Ethics | This Week in Gambling - Poker News | Scoop.it
Credit a poster from the CardChat Poker Forum with finding this rare jewel: Poker pro Howard Lederer on “Business Ethics”.


Considering what we know today, this is pretty sad watching. Lederer is accused by the US Justice Department of running an elaborate ponzi scheme as a stakeholder in Full Tilt Poker.


FTP has not paid players for more than a year, though it was announced this week that PokerStars was entering into a deal to purchase Tilt and pay back all affected players.


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Is Full Tilt gearing up towards re-launch?

Is Full Tilt gearing up towards re-launch? | This Week in Gambling - Poker News | Scoop.it

It's been a tumultuous year for Full Tilt to say the least. After the Black Friday indictments, the company had its license revoked, was named a "Ponzi scheme" by the Department of Justice, faced two class action lawsuits and had some of its biggest representatives suffer severe and irreversible brand damage. The company has also experienced a lengthy period of negotiations that has only left those interested in the company's status with a bitter taste in their mouth. There have been no formal press releases, no widespread media interviews and minimal outreach in communication. Quite simply, the company has done its best to remain in the dark as they appear to take a step in a new direction.


Through recent filings in Ireland and Malta, the company has finally revealed its new course and it appears to be under the guidance of Laurent Tapie and Prosper Jeremy Masquelier, the named directors of New Full Tilt Limited. Additionally, Orinic Limited, a subsidiary of Full Tilt, has applied for a Category 2 License with the Alderney Gaming Control Commission to offer online gambling. The license hearing will take place on May 3 in Alderney and will be open to the public. Even if the hearing goes smoothly, the license will not be awarded that day. The company is also hiring with start dates at the end of April.


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Bernard Tapie’s Fingerprints Now All Over Full Tilt Poker

Bernard Tapie’s Fingerprints Now All Over Full Tilt Poker | This Week in Gambling - Poker News | Scoop.it
Several months after it was announced Group Bernard Tapie was to acquire shuttered Full Tilt Poker, Tapie’s name now appears on the company’s registration.


On Tuesday, a sharp-eyed 2+2 forum poster (Gunner171) uncovered two newly registered companies in Malta under the names “Full Tilt Holding Ltd.” and “New Full Tilt Ltd.” Another 2+2 sleuth (Capt36feet) discovered GBT principal Laurent Tapie’s name as director and secretary on an Irish registration for New Full Tilt Ltd., which was incorporated on Feb. 14 with a declared capital of €1m. And a third 2+2 poster (GrassyKnoll63) found Bernard Tapie’s fingerprints on a Russian-made bolt-action rifle in Dealey Plaza in Dallas. (Just kidding on that last one.)


Full Tilt Poker was among three websites that were forced to exit the US market in April 2011 following an extensive investigation by the US Justice Department. Bank accounts connected to FTP were also froze. US customers have yet to be paid for more than a year now and there are no guarantees that an acquisition by Group Bernard Tapie will result in payouts. Tapie in recent months has suggested that his firm may not be able to refund US players, leaving that in the hands of DOJ officials.

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Full Tilt Applies for New License, Seeks Employees

Full Tilt Applies for New License, Seeks Employees | This Week in Gambling - Poker News | Scoop.it
A whole new round of speculation about the future of Full Tilt Poker is on the horizon following a wave of new information from its subsidiaries.


In addition to applying for a full license with the Alderney Gambling Control Commission, the company is seeking to hire dozens of short term employees to fill a number of different positions.As reported by pokerfuse, Full Tilt is applying to expand the one license it held with the AGCC that was not revoked during hearings in July 2011. The license is held by Full Tilt subsidiary Orinic Limited and is currently classified as a “Category 1″ license, one that does not allow them to hold gaming funds. While Orinic avoided revocation of their license, they have only recently completed a six-month suspension of said license.


In an application filed March 23, Orinic is seeking a “Category 2″ license with the AGCC that will allow the company to offer full scale online gaming services. There is currently a 14-day window in which those opposing the licensing of the company may submit a written objection with an explanation as to why they feel the company should not be licensed.

With the process of applying for a new license in progress, another of Full Tilt’s subsidiaries is currently in the process of hiring a number of new employees. Pocket Kings Ltd, perhaps the most well known of the Full Tilt subsidiaries, is hiring for various positions related to customer service and IT on a temporary basis.


Among the jobs listed is a posting for “Localization Specialists” who are multi-lingual and have experience in translating marketing materials. Pocket Kings is looking for employees who speak German, Russian, Spanish, Italian, Portuguese, Dutch, French, Hungarian, Romanian, Polish, Swedish, Danish, and Czech, and are clearly looking to expand quickly back into many of the markets in which Full Tilt was entrenched in the past. Each contract is for 2-3 months with the potential of a more permanent position.


The rest of the new jobs with Pocket Kings are specific customer service positions. They are seeking customer service reps in several different languages, as well as team leaders, supervisors, and quality agents in order to fully staff that office.


There has been no comment as of yet from Bernard Tapie on the current status of Full Tilt.

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