Further details on the FTP case. Unfortunately, no decisive news. Players must remain patient.
In the meantime, PokerCollectif would like to bring to your attention the last statement made by Full Tilt Poker Online poker room.
According to them, FTP is not a chain of Ponzi schemes. What there are frustrating in this statement is that rather than taking their time to give their players real setting-in-days, they take their time to deny to be a chain of Ponzi schemes. Details on prospective investors for example, would have been much more popular. As has often been said, the question that players are asking is: "where's my money and when do I get back it?", not "what is it exactly that a chain of Ponzi"?
Free translation of their release:
"September 19, 2011, the U.S. Justice Department said that the FTP poker room was an overall"string Ponzi scheme". The Government here has mesinterprete FTP activities since any FTP activities cannot be considered of "chain of Ponzi schemes.
In a chain of Ponzi scheme, money from new investors is delivered to former investors. In other words, in a chain of Ponzi scheme, money from new investors is used to pay dividends to initial investors".
In summary, FTP we probably lied and was probably handled by amateurs, but surely isn't a chain of Ponzi schemes. Big news. And that's all that FTP is tell us. Quite frustrating.
Here we have the impression that FTP mix the facts; the accusation "FTP was not a legal company, but a big chain of Ponzi," is not a quote from the DoJ, but of the Attorney of the District South of New York, Preet Bharara. And note that FTP did not even dare to refute the first charge!
Another frustrating fact in this case is that the AGCC promised us news as soon as possible, and what is it actually? Their Dernière mise-à-jour date of September 14. We knew that this hearing would be private-cloc, but we did not know that the actors would be as dumb following this hearing.
Recall that investors currently interested in FTP would be in Alderney discussing the situation of the licence for the poker room. It is at least that reported Mr Ifrah, counsel dealing with the Affairs of FTP. What most concerns investors is the future of the licence for FTP. If FTP is revoke its licence, investors will retreat because they will have too much difficulty in the future to continue to invest (time and money) in FTP.
Several if several yet. PokerCollectif alert remains in this folder and you will the latest details as soon as possible.
Let us hope that the future will be positive. ONE TIME!
Discuss this news on PokerCollectif forums: Full Tilt Poker denies being a chain of Ponzi scheme
