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A Layman's Translation of the Recent Full Tilt Poker Statement

1 26 September 2011 , By: compncards
Ferguson 261x300
Full Tilt Poker released another statement today. In it, they claim they are not a Ponzi scheme. The release is as follows: "Full Tilt Poker is not a Ponzi Scheme "On September 19, 2011, the Department of Justice issued a release stating that Full Tilt Poker was “A Global Ponzi Scheme. ” "While the government has taken issue with the underlying activities of FTP, under any reasonable interpretation, there is no way to characterize the operation of Full Tilt Poker’s virtual online card room as a global Ponzi scheme.
Categories: Full Tilt Global Ponzi Scheme, Full Tilt Poker, Full Tilt Ponzi Poker, Full Tilt Ponzi Scheme

Full Tilt "Ponzi Scheme" Rantings

23 September 2011 , By: compncards
Howard Chris PPA 430x285
Since the US DOJ released their amended complaint on Tuesday and called Full Tilt a "Ponzi scheme" there has been a ton of outcry, speculation, rumors, interview, etc from all over the poker world. Here are a few tidbits that I have been personally contemplating.   A few I have expressed, and some I have not. First, am I really one of the only people that finds it both ironic and almost hypocritical that the Poker Player's Alliance is being so vocal during all of this.
Categories: Durrrr, Full Tilt Poker, Full Tilt Ponzi Scheme, Poker Players Alliance, Poker Players Ponzi Scheme, PPA, Tom Dwan