Phil Ivey Posts Bail Money for Suspected 14K Triad Member
The Las Vegas Review Journal released a story on Sunday that revealed that Phil Ivey and Andrew Robl had posted $2.5 million in bail money to attempt the release of Paul and David Phua.
The pair had been arrested on July 13th following a FBI raid of a multimillion-dollar sports betting operation at Caesars Palace. A federal judge had ordered that the Phuas post $2 million in bail money and their $48 million Gulfstream jet as collateral.
After meeting these terms, the pair were not released because U.S. Immigration and Customs Enforcement stepped in an is considering deporting them.
Up to this point, nothing was really all that shocking. Gamblers involved in gambling? Who would have thunk it? Then a little tidbit caught my attention and has been largely overlooked in reports on other sites.
The U.S. Government is claiming that Paul Phua is a high-ranking member of the 14K Triad. This is a huge accusation and not something that should be overlooked.
Naturally his lawyers are going to deny involvement but I'd be interested in seeing the evidence supporting this claim.
If Phua's connection to the 14K Triad is indeed proven true, this isn't exactly the best news for Phil Ivey and others associated with him. Phil is already going through legal issues with the Borgata in connection to alleged cheating at Baccarat. How would his association with an alleged high-ranking member of the 14K Triad be viewed by the courts?
Right or wrong, we are many times judged by whom we choose to associate with. This situation could prove very harmful to Phil in the court of public opinion, especially if Phua's connection to the 14K Triad is confirmed.
Keep an eye on this story folks. This could be a juicy one.