Full Tilt a victim also? Or is the DOJ to blame?

**suzy** · 09-21-2011 01:57 PM

Is the DOJ partially to blame for the demise of players money by not acting fast enough? The DOJ had squeezed every avenue for a US operating poker site to be able to get funds transferred legally so they were forced to deal with bad processors. Therefore rooms were left doing what we might look at as a underground option. Prohibition sound familiar? FT had to go underground looking for processors who would move money for them and yes I am sure it was very expensive to do so.

Only if the DOJ had made a case to prosecute early in stead of cutting off all ties of money transfer to dry the site up, it then would still be there and owners would not be taking the funds, and all players monies would had to be refunded. So when should this have happened? I say in 2006 when it was in it's prime and all others left the US when they should of. This way even if FT stayed and did not process funds from players it would of still been OK based on the funds that were still in the accounts.

Yes there were some bad decisions made on the part of owners.

**suzy** · 09-22-2011 08:50 AM

Ponzi scheme? Prosecutors are quick to label it that way. Players were not promised anything in return for their play at FT. Players based on THEIR play were to generate profits based on THEIR efforts rather than the efforts of FT. Also players could at any time take their funds out. Misrepresentation yes and illegal funding of owners yes has a bit of Ponzi in it but I do not believe it is an actual Bernie Madoff style.

It is just simple where players entrusted their funds to a third party and FT had bad judgement, management and for the most part greed.

**pokerbandit22** · 09-24-2011 12:34 PM

the gov. is nothing but a bunch of greedy sobs.
i truley think that is what it is,
there not getting any tax money out of us playing poker.
i think that the doj/ fbi/and the gov. was in the wrong.
they do not have the right to tell us what we can and cant do in our own homes.
they do not have the right to tell us what we can and cant do with our money that we all work for.
the poker world is something they should stay the hell out of.

**msuduster** · 09-25-2011 07:44 PM

I don't believe the DOJ is to blame here. Players, affiliates, etc. that played and had money on FTP were likely acting legally. There's a reason the DOJ isn't going after high stakes players. However FTP really screwed up. As soon as they realized they wouldn't be able to cover player funds they should have stopped allowing US players to deposit.

Anyone who had money on FTP took a calculated risk to leave it there. It was becoming tougher and tougher to get money off of the site. Whether that was due to the feds seizing control of FTP bank accounts or FTP's lack of ability to pay we may never know. It was probably a combination.

If anything I blame FTP. A prime example of how to kill a golden goose.

I sincerely hope everyone who had funds on there is able to get them out. It's our (players, affiliates, etc.) money and I think that's an equitable solution. If and when FTP gets sold I look forward to the day everyone gets a check or bank wire.

Thread: Full Tilt a victim also? Or is the DOJ to blame?

LinkBack

Thread Tools

Display

Full Tilt a victim also? Or is the DOJ to blame?

Ponzi Scheme?

Tags for this Thread

Posting Permissions