Full Tilt Scandal Gets Worse
This blog covers live poker action in Atlantic City poker rooms, but there’s no question what the main topic of conversation is right now around the city’s rooms and at The Borgata Open.
And that’s the accusations today by the U.S. Department of Justice that Full Tilt poker was essentially a massive Ponzi scheme that ripped off online players to the tune of $444 million.
The DOJ specifically named pros Howard Lederer and Chris Ferguson, who were founders of the site in 2004, in the scheme, but the amount of poker pros who were involved with Full Tilt is hard to ignore.
Like we said, we haven’t followed the Full Tilt situation step by step, but thousands of online players are looking less and less likely to recover their online accounts.
Here’s the story from The Wall Street Journal.
By the way, there’s a sign at The Borgata Open asking players not to wear poker logos during the tournament.
This would be a good day to follow that rule