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.
Lederer
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.
Ferguson
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
September 20th, 2011 at 6:14 pm
There is no doubt in my mind that full tilt is rigged. May they get what they deserve.
September 21st, 2011 at 8:36 am
Interesting story. Seems like a pretty lame thing to do since they could make money hand over fist totally legally without resorting to outright fraud. Still, it’s only an accusation at this point. Funny that too. I thought the justice department would be busy indicting crooked banksters and war criminals…at least the admittedly proud ones who aren’t even shamed enough to crawl away quietly.
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