Nothing to add, my opinion is pretty one sided so I would like to hear other opinions
Video:
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TeSpartan   Iceland. Oct 16 2012 17:43. Posts 15
D Negs is the man
Always respected the guy and I like his thought process and rational thinking on the whole FTP scandal
kind of agree with everything he said
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Zep   United States. Oct 16 2012 18:06. Posts 2292
oh man. lol. absolutely destroyed.
NeillyJQ: I really wanted to prove to myself I could beat NL200, I did over a small sample, and believe Ill be crushing there in the future.
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NewbSaibot   United States. Oct 16 2012 18:25. Posts 4943
Kind of a silly rant though. Everyone keeps criticizing his incompetence, his negligence, his basic lack of understanding business fundamentals, segregated accounts, etc etc etc. But uh, actually Howard was quite smart. Do you think he just accidentally found himself walking away with millions of dollars? This was clearly a scam set from the get go. You dont start embezzling company money and saying "whoopsie what did I do here!". He purposely built the business in such a manner that you COULD steal money like this. That was the entire point! It didnt start out like this, but once you look at the profit sheets and recognize "hey, we have a fuck ton of money coming in here, I could totally just steal this shit and nobody would ever know" then you're going to make it easy for yourself. There was nothing incompetent about it at all. He stole money exactly like he planned to.
bye now
Last edit: 16/10/2012 18:26
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DooMeR   United States. Oct 16 2012 18:43. Posts 8546
D neg is indeed the man. always respected the way he talks. no wonder he used to be my favorite poker player for like 2 years
I just saved a bunch of money on my car insurance, by running away from the scene of an accident.
0
Rapoza   Brasil. Oct 16 2012 20:07. Posts 1612
--- Nuked ---
Pouncer Style 4 the win
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qwerty67890   New Zealand. Oct 17 2012 08:09. Posts 14026
I wont be able to put it any better than Haralobos, so im just going to link to his blog that highlights Daniels inherant flaw in everything he does.
2c0ntent   Egypt. Oct 17 2012 14:03. Posts 1387
On October 16 2012 17:25 NewbSaibot wrote:
Kind of a silly rant though. Everyone keeps criticizing his incompetence, his negligence, his basic lack of understanding business fundamentals, segregated accounts, etc etc etc. But uh, actually Howard was quite smart. Do you think he just accidentally found himself walking away with millions of dollars? This was clearly a scam set from the get go. You dont start embezzling company money and saying "whoopsie what did I do here!". He purposely built the business in such a manner that you COULD steal money like this. That was the entire point! It didnt start out like this, but once you look at the profit sheets and recognize "hey, we have a fuck ton of money coming in here, I could totally just steal this shit and nobody would ever know" then you're going to make it easy for yourself. There was nothing incompetent about it at all. He stole money exactly like he planned to.
Yeah, incompetence is absolutely not howard's problem, to his credit.
+-
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Baalim   Mexico. Oct 18 2012 02:17. Posts 34250
On October 16 2012 17:25 NewbSaibot wrote:
Kind of a silly rant though. Everyone keeps criticizing his incompetence, his negligence, his basic lack of understanding business fundamentals, segregated accounts, etc etc etc. But uh, actually Howard was quite smart. Do you think he just accidentally found himself walking away with millions of dollars? This was clearly a scam set from the get go. You dont start embezzling company money and saying "whoopsie what did I do here!". He purposely built the business in such a manner that you COULD steal money like this. That was the entire point! It didnt start out like this, but once you look at the profit sheets and recognize "hey, we have a fuck ton of money coming in here, I could totally just steal this shit and nobody would ever know" then you're going to make it easy for yourself. There was nothing incompetent about it at all. He stole money exactly like he planned to.
I totally disagree.
A high caliber embezzler makes hundreds of millions out of ghost companies, Lederer Ferguson and Bitar turned a successful round business into shit for very little gain, it was buried in the ground in a mix of incompetence and fraud.
Ex-PokerStars Team Pro Online
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TeSpartan   Iceland. Oct 18 2012 09:34. Posts 15
On October 16 2012 17:25 NewbSaibot wrote:
Kind of a silly rant though. Everyone keeps criticizing his incompetence, his negligence, his basic lack of understanding business fundamentals, segregated accounts, etc etc etc. But uh, actually Howard was quite smart. Do you think he just accidentally found himself walking away with millions of dollars? This was clearly a scam set from the get go. You dont start embezzling company money and saying "whoopsie what did I do here!". He purposely built the business in such a manner that you COULD steal money like this. That was the entire point! It didnt start out like this, but once you look at the profit sheets and recognize "hey, we have a fuck ton of money coming in here, I could totally just steal this shit and nobody would ever know" then you're going to make it easy for yourself. There was nothing incompetent about it at all. He stole money exactly like he planned to.
I totally disagree.
A high caliber embezzler makes hundreds of millions out of ghost companies, Lederer Ferguson and Bitar turned a successful round business into shit for very little gain, it was buried in the ground in a mix of incompetence and fraud.
+1 nailed it
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Daut   United States. Oct 18 2012 11:58. Posts 8955
daniel is a huge hypocrite. goes off on lederer but refuses to say anything bad about lindgren. if annie duke, howard lederer or anyone else he bashes did what lindgren did he would have a fucking field day.
while i agree with a lot of what he usually says, part of me has some sympathy for howard. guy was one of the only people who tried post black friday to get players paid and a deal was eventually made. everyone else quit while he stayed on and worked his ass off. i do place some of the blame on him for the situation happening, but he seems like the only one who tried to fix the problem. sure hes an unapologetic smug fucker who tried to blame the whole thing on ray bitar, but the amount of shit hes had to go through in the last 18 months i would never wish on anyone short of murderers and rapists. hes probably aged 20 years in that time.
NewbSaibot: 18 TIMES THE SPEED OF LIGHT. Because FUCK YOU, Daut
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VanDerMeyde   Norway. Oct 18 2012 12:29. Posts 5108
Why isnt Howard Lederer in jail... why is he allowed to walk around free in America, while we have a norwegian guy in prison for basicly misunderstanding a roadsign (7.5 years..)
Dude you some social darwinist ideas that they are giving hitlers ghost a boner - Baal
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devon06atX   Canada. Oct 18 2012 15:21. Posts 5458
Very concise analogy Vander
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VanDerMeyde   Norway. Oct 18 2012 16:32. Posts 5108
btw Mr.Larsgård sits in american prison for "attempted murder with a lethal weapon (car)" (he almost hit some person with his car in panic after misunderstanding a road sign = 7.5 half year prison in USA)
:D and Howard goes free after scamming people for millions of dollars !
LOLOL American "legal" system
:D
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TheTrees   United States. Oct 18 2012 21:48. Posts 1592
But witnesses and the prosecution describe an enraged motorist who refused pleas to turn around and instead screamed at pedestrians and drove as if aiming to hurt someone.
Navajo County Attorney Brad Carlyon said John drove toward one man and clipped a woman. Neither was seriously hurt.
"It was a case of bizarre, aggressive driving behavior," Carlyon said. "He was gesturing, he was yelling. People were getting out of the way for fear of being hurt."
* * *
Though bystanders waved and screamed at John Larsgard as he drove the wrong way, Liv said she could see the auto business where their belongings were. So, they decided to keep going. She got out and walked alongside, trying to explain to people why they just needed to go a little further.
"They became so angry, like we were trying to hurt someone," she said.
Sounds exactly like the story you just described. Lol
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MARSHALL28   United States. Oct 18 2012 23:42. Posts 1897
On October 18 2012 10:58 Daut wrote:
daniel is a huge hypocrite. goes off on lederer but refuses to say anything bad about lindgren. if annie duke, howard lederer or anyone else he bashes did what lindgren did he would have a fucking field day.
while i agree with a lot of what he usually says, part of me has some sympathy for howard. guy was one of the only people who tried post black friday to get players paid and a deal was eventually made. everyone else quit while he stayed on and worked his ass off. i do place some of the blame on him for the situation happening, but he seems like the only one who tried to fix the problem. sure hes an unapologetic smug fucker who tried to blame the whole thing on ray bitar, but the amount of shit hes had to go through in the last 18 months i would never wish on anyone short of murderers and rapists. hes probably aged 20 years in that time.
how can you have sympathy for this guy?
he profited like 40 million dollars off of us then didn't even consider paying us back even a penny after the shit hit the fan. he should be in prison for the next 20 years imo.
Last edit: 18/10/2012 23:44
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devon06atX   Canada. Oct 19 2012 01:57. Posts 5458
sadly, white-collar crime has massively easier sentences. Maybe that'll change after all the publicity madoff (sp?) created.
steal a 20k (insured) car with a prior, get a solid 10+ yrs.
steal 70 million from honest investors. get ~5. if that.
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Spitfiree   Bulgaria. Oct 19 2012 12:03. Posts 9634
On October 18 2012 10:58 Daut wrote:
daniel is a huge hypocrite. goes off on lederer but refuses to say anything bad about lindgren. if annie duke, howard lederer or anyone else he bashes did what lindgren did he would have a fucking field day.
while i agree with a lot of what he usually says, part of me has some sympathy for howard. guy was one of the only people who tried post black friday to get players paid and a deal was eventually made. everyone else quit while he stayed on and worked his ass off. i do place some of the blame on him for the situation happening, but he seems like the only one who tried to fix the problem. sure hes an unapologetic smug fucker who tried to blame the whole thing on ray bitar, but the amount of shit hes had to go through in the last 18 months i would never wish on anyone short of murderers and rapists. hes probably aged 20 years in that time.
how many people you know that earn 40milly in 20 years?