HOW LONG HAS THE ABSOLUTE POKER SCAM BEEN OPERATING? (Update)

26 October 2007

Insider sources claim cheating has been happening for 3 years, earning the culprits millions


The well connected and informed gambling information portal Point-Spread.com made further serious revelations in the Absolute Poker scandal Monday, claiming that unidentified sources have revealed a greater web of deceit than just one tournament.

Webmaster Tommy Jensen quotes sources in Costa Rica who say that the cheating scam has been ongoing for the past three years and the actual amount that was skimmed from online poker players could be as much as $7 million. The actual amount is still unknown as an internal audit is underway.

Jensen says a former employee of Absolute Poker confirmed to Point-Spreads.com that the security department at AP suspected something years ago but were told it was just the owners testing out the system and to forget about it. AJ Green (see previous InfoPowa reports) is alleged to have been involved in the scam and employees of Absolute Poker are prepared to implicate him, apparently.

Meanwhile, the 911 portal continued to publish what appear to be damage control reports from its sources, who claim that Absolute Poker takes in between $1.5 million and $2 million a day in gross revenues. "Absolute Poker will survive this (scandal)," the unnamed source predicted. "There are about a hundred investors in the company to ensure this happens."

911 reports that, contrary to reports that a band of college fraternity brothers started Absolute Poker in 2003, it was in fact started by a Las Vegas-resident college grad named Scott Tom with financing from his father. Tom subsequently brought other college friends into the business. Tom, who has since dropped out of sight, is believed to have resided in Panama City and Costa Rica.

"They (AJ Green and Scott Tom) are not talking to investors," the source told 911. "But Absolute Poker does not need Scott Tom. There is a strong management team in place with hundreds of employees." Other investors in the poker site include former employees of the Nine.com operation which now belongs to VIP.com.

Online Casino News courtesy of InfoPowa