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Raidern   Brasil. Jan 26 2012 14:36. Posts 3825

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, as well as injunctive relief, which could delay the forfeiture of FTP assets.

Read the full report here.



Online poker granted new Congressional hearing

Another hearing on online poker is going to take place in the US Senate on February 9. One of the topics of the hearing will be a recent decision by the Department of Justice to reverse its position on the Wire Act of 1961. Late in December, the DOJ stated that “interstate transmissions of wire communications that do not relate to a ‘sporting event of contest’ fall outside the reach of the Wire Act," which means poker is not in violation of the Wire Act, as it had been in the past.

Rich Muny, a representative of the Poker Players Alliance, sent the following e-mail to PPA members this week: "These continued hearings are hard evidence of the great work the poker community has been doing to ensure our elected representatives hear from us. I thank everyone for taking the steps necessary to ensure our elected representatives understand that we poker enthusiasts will not back down and will not simply go away!"



World Poker Tour releases Season X TV schedule

The World Poker Tour will return to Fox Sports News on February 12 at 8pm with a Season X preview. The first episode will show the spectators bits of what is coming. Unlike other poker tv shows, the previous season of the WPT saw a large increase in ratings, so FSN decided to expand the number of episodes from 26 to 37 in season X. Mike Sexton and Vince Van Patten continue to be the voices of the show, providing commentary for televised events. They are joined by Kimberly Lansing and Tony Dunst.

World Poker Tour Season X schedule:

    Feb. 12 – Season X Special
    Feb. 19-Mar. 4 – Legends of Poker
    Mar. 11-25 – WPT Grand Prix de Paris
    Apr. 1-15 – Borgata Poker Open
    Apr. 22-May 6 – World Poker Final
    May 13-27 – Five Diamond World Poker Classic
    June 3-17 – WPT Venice Grand Prix
    June 24-July 8 – LA Poker Classic
    July 15-29 – Bay 101 Shooting Star
    Aug. 5-19 – Seminole Hard Rock Poker Showdown
    Aug. 26-Sep. 9 – WPT Jacksonville
    Sep. 16-30 – WPT World Championship Super High Roller
    Oct. 7-21 – WPT World Championship




im a regular at nl5Last edit: 26/01/2012 15:18

waga   United Kingdom. Jan 26 2012 18:46. Posts 2355

gfy Ferguson


YoMeR   United States. Jan 26 2012 18:53. Posts 12023

if good ol fergy does actually fuck up this deal time to ez spend the rest of the money i have in hiring an assassin and take him out ;(

eZ Life. 

Highcard   Canada. Jan 26 2012 18:53. Posts 5120

So the cunt Ferguson siphoned money out of the player accounts to line his own pockets for salaries, then when shit hit the fan he then took that money and put it back into secret accounts and withdrew it instead of keeping it for players funds. What a fucking prick and I hope someone who isn't an internet tough guy like me, actually finds him.

I have learned from poker that being at the table is not a grind, the grind is living and poker is how I pass the time 

barbieman   Sweden. Jan 26 2012 19:12. Posts 2132

...what? He's suing to get money back that never was his to own?! The fuck.


Shenny   Canada. Jan 26 2012 19:22. Posts 1506

Doesn't anybody keep money in banks anymore? Or am I doing it wrong?


f1shcake   United States. Jan 26 2012 20:19. Posts 272


  On January 26 2012 19:22 Shenny wrote:
Doesn't anybody keep money in banks anymore? Or am I doing it wrong?



wrong


NewbSaibot   United States. Jan 26 2012 22:01. Posts 4305

He's suing to get back money that he stole?

listening to edzwoo has made u a nit... *sigh* - Zalfor 

NeillyJQ   United States. Jan 27 2012 01:37. Posts 8947

and ricky was in deservenment of the change (tpb)

Just remember you need to be god damn sure about their tendencies. -Artanis11 http://www.pocketfives.com/profiles/neillyaa/ 

daysare   Poland. Jan 27 2012 23:18. Posts 670

He is almighty alpowerfull but he needs MONEY


 




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