ST Alpha - "Wow. And that's the end of their poker careers." (Reading a Post)

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In response to "Feds Call Full Tilt Poker A Massive Ponzi Scheme" by David, Archer fan

Wow. And that's the end of their poker careers.

Posted by Will Hunting (aka JoeMetz) Sep 20 '11, 09:38

they were afraid to play the WSOP this year becuase they feared someone would take a run at them....now that'd be almost assured.

Responses:

Ferguson is one of the most popular players I've ever seen. I'm blown away by his inclusion. This is Vick-ish. -- nm - David, Archer fan Sep 20, 09:41 21
- I'm not an avid poker-follower, but I've never read a bad word written about Fergueson in an arena where it's not hard to find bad words thrown about. - musubi Sep 20, 09:43 2
  - I'd include Ivey on this short list. Wow. -- nm - Strongbad Sep 20, 09:46 1
    - Yeah, but Ivey isn't named in the suit, and he bailed on FT relatively early in the investigation. - musubi Sep 20, 09:50
- It'll be really interesting to see who knew what ... Just how...the hell do you not make enough money raking at a top 3 site? - Will Hunting Sep 20, 09:42 17
  - We're going to find this out because they're going to face federal chargers over this, I'm sure. -- nm - David, Archer fan Sep 20, 09:54 4
    - For such a smart guy (Ferguson), this was brazenly stupid in every manner. - Will Hunting Sep 20, 09:55 1
      - That makes it even more stunning. Dude's god a PhD in comp sci, iirc. - musubi Sep 20, 09:59
    - Is this leading to a massive class action suit where players get their money back? -- nm - Strongbad Sep 20, 09:55 1
      - Well, some portion of it, years down the road. - Will Hunting Sep 20, 09:56
  - It's not like their juice (5-10%) was any different than other sites. That's just... strange. -- nm - Strongbad Sep 20, 09:49
  - it's never enough. look at sports stars who switch cities for cash. -- nm - amanda jones Sep 20, 09:44 10
    - That's really a different animal though. The basic math of gambling should be able to self propogate. - musubi Sep 20, 09:46 3
      - true, yeah. sorry I'm really stupid. -- nm - amanda jones Sep 20, 09:48 2
        
        That's ok, because you have your gorgeous red hair. - musubi Sep 20, 09:51 1
        
        *weeping* - amanda jones Sep 20, 09:54
    - There's a diff between greed and a ponzi scheme though. - Will Hunting Sep 20, 09:46 5
      - You can buy a middling NBA team for that. Where did that money go? -- nm - David, Archer fan Sep 20, 09:52 4
        
        Honestly, it wouldn't surprise me if a lot of that went to all the poker pro endorsements they had. - musubi Sep 20, 09:55 2
        
        I meant Lederer and Ferguson. Could they have lost $100+ million in real estate? -- nm - David, Archer fan Sep 20, 10:00 1
        
        If they bought tons of Vegas real estate, yeah, I could see it. (nm) - musubi Sep 20, 10:01
        
        Knowing how Ivey plays those guys, probably him at the 4k/8k no-limit table. -- nm - Will Hunting Sep 20, 09:54

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Wow. And that's the end of their poker careers.

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