p****r
发帖数: 9164 | 1 People on 2p2 used to bet the chance of getting FTP money back, now they
start to bet how many will suicide after Sept 15, when FTP may annouce
bankruptcy.
Do not be surprised if you never see me again after Sept 15.... I
was staying on a sinking boat , sadly I never know it was sinking before
April 15.
http://www.subjectpoker.com/2011/08/ftps-60m-shortfall-actually-much-larger/
On June 16th, Subject: Poker reported that Full Tilt Poker had credited
$60 million to players for deposits that never left their bank accounts.1
In fact, the total amount of still uncollected funds is $128 million.2 This
new sum represents a very signficant portion of Full Tilt’s total
obligation to players.
As we first explained in June, players who deposited by electronic funds
transfer (also known as EFTs or “e-checks”) received the deposited funds
instantly in their Full Tilt Poker accounts. Typically, these funds would be
debited from the players’ bank accounts a few business days after their
deposit.3 However, during the time period in question, many US players found
that these funds were simply never taken from their bank accounts. Full
Tilt had given them funds on their site for nothing.4
This was not simply an accident, as many had suspected. Full Tilt Poker was
actually accepting deposits and crediting player accounts without payment
processors in place to collect the money. Full Tilt had effectively given
players loans without telling them, under the assumption that they could
collect the debt later. According to numerous sources inside both Full Tilt
and PokerStars, FTP viewed this as an opportunity to gain US customers who
were unable to deposit on Stars.5
The shortfall was first mentioned publicly when the US Attorney of the
Southern District of New York released a press release about Bradley Franzen
’s plea bargain:
According to his plea allocution and the Superseding Information, FRANZEN
admitted that in early 2011 he had been asked to help Full Tilt Poker deal
with a $60 million shortfall created by the company’s inability to find a
payment processor to process transactions involving U.S. player accounts.
The company was facing the shortfall because it continued to credit funds to
player accounts despite being unable to actually debit (or “pull”) funds
from customers.
Franzen, a payment processing middleman, was indicted on April 15th for his
role in processing payments and allegedly defrauding banks on behalf of
PokerStars, Full Tilt Poker, and Absolute Poker. It is not clear at this
time why Franzen’s allocution only mentioned a fraction of the total
shortfall.
The new figure was first mentioned publicly by lawyers representing Full
Tilt in Todd Terry et al’s class action lawsuit representing US players
against many of the poker site’s companies and owners, and we have
confirmed it with numerous reliable sources. Though Subject: Poker has been
so far unable to learn exactly how much money Full Tilt owes its players, we
have learned from many sources that the total debt to US players is roughly
$150 million.6 (It is unclear whether this number includes funds that were
in transit on April 15th.) This, combined with the fact that US players
represented between 40% and 50% of Full Tilt’s total business, suggests
that the $128 million shortfall represents over one third of FTP’s total
debt to players.
It is extremely unlikely that Full Tilt Poker will be able to recover a
significant portion of this money. Full Tilt’s lawyers also reported during
the class action lawsuit that only $9 million of this $128 million is still
recoverable by simply debiting players’ Full Tilt accounts.7 That money
will likely be recovered.
However, the remaining $119 million is very unlikely to be returned. Full
Tilt has made an explicit agreement with the Department of Justice not to
accept deposits from US players. Even if that hurdle were overcome, these
debts range from over four months old to over a year old, and most of the
players are unaware that they even owe money to the poker site. Full Tilt
Poker had serious troubles with reversed transactions, emptied bank accounts
, and customer complaints trying to collect these debts four months ago.
These problems would doubtless be worse now. | p****r
发帖数: 9164 | 2 http://forumserver.twoplustwo.com/showpost.php?p=28352915&postc
I have to admit that I was too naive to think that Phil Ivey filed the
lawsuit for the benefit of U.S FTP players. Actually he was trying to force
FTP to deal with his connectioin and get a big piece of it.
He is the best poker player, but he is a total a**hole in this
case.
they
credited
【在 p****r 的大作中提到】
: People on 2p2 used to bet the chance of getting FTP money back, now they
: start to bet how many will suicide after Sept 15, when FTP may annouce
: bankruptcy.
: Do not be surprised if you never see me again after Sept 15.... I
: was staying on a sinking boat , sadly I never know it was sinking before
: April 15.
:
: http://www.subjectpoker.com/2011/08/ftps-60m-shortfall-actually-much-larger/
: On June 16th, Subject: Poker reported that Full Tilt Poker had credited
: $60 million to players for deposits that never left their bank accounts.1
| W********m
发帖数: 7793 | |
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