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  Latest Poker News  
Poker Scene News and Rumors
Posted by Raidern, January 26
Ferguson accounts 'could' impact FTP deal

According to Subject: Poker, Chris Ferguson had "secret" accounts into which he used to transfer FTP money before Black Friday. Pocket Kings held these accounts for him. Subject Poker estimates that Ferguson transferred around $60 million to these secret accounts. In addition to that amount, the Department of Justice reported, back in April 2011, that Ferguson received $25 million from FTP. SP's report says that Ferguson managed to withdraw about $45 million of the funnelled money, but $14.3 million of it was used, with Ferguson's approval, to cover FTP's post-Black Friday expenses.

Subject Poker sources say that the initial agreement between Full Tilt and Groupe Bernard Tapie included plans to give Ferguson passive shares worth roughly $14 million. These plans were canceled after the DoJ intervened and stipulated that FTP's board of directors could not be involved in the new company. Ever since, Ferguson and Ian Iamrich, his attorney, are claiming the $14.3 million back and are threatening to take legal action to see an accounting of the money and claim any money spent improperly. Ferguson has also threatened to file for constructive trust over the money seized on Black Friday,...

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Featured Poker Blogs
Video, poll
Written by: longple, January 26
 
Was thinking of maybe making another video for LP, what would u like to see?


Poll: What video should longple make?
(Vote): 4-6 tableing 100bb video
(Vote): 4-6 tableing deep video
(Vote): Hu video
(Vote): 24 tableing starsvideo (prolly w/o much commentary)

read entire blog(45 comments)



  Poker Forum Highlights  
    Poker streaming
Posted by TampaBayMat, January 26 (Main Poker)
    UFC on Fox: Evans vs. Davis
Posted by PuertoRican, January 23 (General)
    TV Shows Thread
Posted by thumbz555, December 29 (General)
    J9cc by thewh00sel
Posted by thewh00sel, January 23 (High Stakes Poker)
    ROFL thread with a "ROFL" in title
Posted by Ket, January 17 (General)
    ANDY MURRAY
Posted by RaiNKhAN, January 27 (General)
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