Full Tilt Money Management???

[4 of a kind]

I think many players will realize what these sites were and are actually doing with all the money, as the inside mud slowly gets to the media. Unlike PokerStars, players money reaching home from Full Tilt are not looking good.

The first paragraph about Phil Ivey and his lawsuit against Full Tilt leaves me unsure of his actual intentions. He would want us to believe that after all these years he never knew or asked a single thing of what they were doing. I guess as long as he was getting his cut that 's all that mattered.

As far as him boycotting the WSOP this year, personally I think he's in fear for his life. I bet many other pros won't be showing either. I think many players will connect the pros to the sites they pushed for all these years, and are bitter, since many trusted the sites because of the pros. Read what happened to John Juanda at a table.

Apparently P.S. did things right on their own. But I also would bet if their was regulation being enforced, the players lost monies today would have been forced to be in the right place for the players safety all along. So much for self regulation.

http://www.pokerky.net/

[PlexRep]

Read what happened to John Juanda at a table.

If you mean the altercation with James Bord, that's more likely to do with an argument they had in Macau than the Full Tilt debacle..
http://www.pokernewsreport.com/james...hn-juanda-2686

I'm not sure I agree with you that the pro's would (or should) be fearful of a physical backlash from players. Yeah it looks bad for them to be affiliated with the site right now but I would hope that most players would know where the blame really lies.

When the Playstation network was hacked and taken down recently... I didn't bear any grudges against the many celebs who have endorsed the product. Maybe I'm being too nice, but I really don't think the pro's would have signed on as the pubic face of these sites if they thought this mess would ever happen.

Just my two cents as always.

[jetset]

It appears from initial WSOP coverage that in fact there's been a good turnout of the international pros so far.

[4 of a kind]

If you mean the altercation with James Bord, that's more likely to do with an argument they had in Macau than the Full Tilt debacle..
http://www.pokernewsreport.com/james...hn-juanda-2686

Your probably right about that. I was basing my comments on the way it sounded in that article I linked too in my post. (see below)

In addition, I also agree that players should not hold responsible any of the pros for sponsoring any of the alleged past top poker sites. The perks pros received from poker sites is every poker players envy.

Yet, the allegations being made below is becoming typical and expected when bad things happen involving gambling regardless of the circumstances surrounding them. It's these type of comments or facts that drag gambling affiliation through the mud, and always leaving the impression to others that there's always something shady taking place behind the scenes when gambling is involved. (especially online)

More Bad News and Bad Press for Full Tilt Poker.
The Department of Justice announced that it has not allowed the release of any bank accounts despite the rumors to the contrary from Full Tilt Poker.
Brazilian and South American players are reporting that they cannot withdraw from Full Tilt Poker.
John Juanda, FTP Team Pro, was verbally assaulted at WSOP table by James Bord requiring an escort out of the poker room.
Nick "MiTurtle" Rainey appeared on the QuadJacks Radio Show and went into great detail on the inner workings of FTP and and employee named Chris Porter.
Among allegations made during the interview:

* 100% Rakeback accounts, ie "Red Pro" status, were sold by employees for $50,000 or rented for $10k plus $2k a month.
* Patrick Antonius, a "Team Pro", used over 40 different accounts that Nick established as his assistant so PA 'could get action'.
* David Benyamine owes Full Tilt millions. Apparently a low level player manager at FTP kept transferring money to DB even though he was on a massive downswing and completely out of control. Ray Bitar had to personally intervene to terminate the employee and stop the transfers.
* Poker Royalty, Inc. operated as the business agent between FTP and its Team/Red Pros collecting 20% monthly.
* Full Tilt operated on "Handshakes" and verbal agreements. Very little of FTP's business was conducted by written contract and only minimum email correspondence to protect itself from lawsuits.
* Full Tilt payed its bills and contracts into poker accounts rather than direct check or transfer. Many service providers were caught with hundreds of thousands of dollars locked up in the DOJ seizures.
* Full Tilt refused to pay a $300,000 win to a student of Nick Rainey despite a history of 7,000 games and $12,000 in previous cash outs.
* Full Tilt used player funds to finance the "Rush Poker" media blitz and advertising campaign believing they would earn it back.

[jetset]

Lots of dirty laundry being aired which true or false does little for the companies so accused, I fear.

These are disturbing assertions...I wonder whether we will see confirmation by way of futher disclosures or legal actions.

[CasinoBeacon]

Things are worse than I thought for Full Tilt. Perhaps I've been too out of the loop with the poker side of things but I really thought that it was only US-based players who were unable to withdraw from Full Tilt.

Not so. I'm in the UK and Full Tilt are telling me they are unable to pay out any withdrawals and don't know when they will be able to do so - and yet they're still accepting deposits.

[pokeraddict]

There have been many player complaints about cashouts from FTP, especially to Moneybookers. I have two friends that tried to cash out over 10k each right after Black Friday and neither have been paid yet. There are countless other forum posts about the same issue, large cashouts are not getting processed.

[CasinoBeacon]

Thanks for the update, pokeraddict.

I would recommend that players report the matter to Moneybookers, as I have done. Full Tilt cannot be allowed to continue accepting deposits when they have no means/intention of paying winnnings.

Moneybookers can be e-mailed directly at login@moneybookers.com

MB have told me they're investigating.

[CasinoBeacon]

I meant to add - it's not just large cashouts that are not being processed. My withdrawal was just $50 - and they can't tell me if or when it'll ever be processed.

[CasinoBeacon]

Okay, another update - just checked my inbox and I've had this useless reply from MB:

"This is to confirm that we have received reports from customers complaining about being unable to withdraw funds from FullTilt Poker. Unfortunately, it appears that at this time Moneybookers is not available as a withdrawal option on the FullTilt website. We cannot provide you with a time-frame in which the issue will be fixed since any delay falls solely with the operator in question(Full Tilt).

Unfortunately we have no visibility on your account details with their site or the impact of their current investigation. For questions related to your balance or any payouts we would therefore advise you to contact their service department directly."

I've contacted MB again, with this question - "Why are you allowing Full Tilt to accept Moneybookers deposits when they are not issuing payouts?"

I'm wondering why MB are throwing their customers to the dogs here. Not great.