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According to the complaint from U.S. Atty. Preet Bharara, Full Tilt Poker and its board, including Lederer and Ferguson, "defrauded players by misrepresenting that their funds on deposit in online gambling accounts were safe, secure, and available for withdrawal at any time." "In reality, Full Tilt Poker did not maintain funds sufficient to repay all players, and in addition, the company used player funds to pay board members
they must have managed this site very, very poorly. i remember reading how lucrative the poker sites were at one point. so much so that the gov't got interested.
Originally posted by darrman
reply to post by darrman
as this story moves to the "over-looked" file
i find solace in posting about the loss of my lunch money..
dangy bully s