Full Tilt Poker Doug Lied To You

By Bess Levin

In fairness, no one straight up asked him “is Full Tilt a global Ponzi scheme,” as opposed to “a legitimate poker company.”

According to the government’s lawsuit, Full Tilt Poker sought to tamp down players’ concerns about the safety of their accounts. In 2008, according to the lawsuit, a “representative of Full Tilt Poker management, posting under the name ‘FTPDoug’” wrote to on an online forum for Internet poker: “Players’ funds at Full Tilt Poker are kept in several deposit accounts throughout the world, all of which are separate and distinct from our operating accounts.”

The Full Tilt Ponzi Lawsuit [WSJ]
U.S. Alleges Full Tilt Poker Was Ponzi Scheme [WSJ]

Comments (34)

  1. 1
    Posted by Danker_Banker | September 20, 2011 at 3:20 PM

    Isn't a casino, by definition, a ponzi scheme?

  2. 2
    Posted by UBS Sucks Guy | September 20, 2011 at 3:23 PM

    File Transfer Protocol? There must be a secret code buried in their somewhere.

  3. 3
    Posted by HAM05 | September 20, 2011 at 3:24 PM

    these fuckers still have my sheckles

    they have offered to make me whole with ubs pfd's though, which is nice

  4. 4
    Posted by Ouch | September 20, 2011 at 3:26 PM

    That's a bad beat right there.

  5. 5
    Posted by pazzo83 | September 20, 2011 at 3:26 PM

    Sounds like y'all are talkin' about Social Security again.

    - R Perry

  6. 6
    Posted by Woodhead | September 20, 2011 at 3:30 PM

    Uh-ohs! Better laywer up. I hear Benjarvus Green Ellis is pretty good

  7. 7
    Posted by bill harrah | September 20, 2011 at 3:36 PM

    not for the house

  8. 8
    Posted by guest | September 20, 2011 at 3:38 PM

    Anyone seen the "Professor" latley? I'm waiting for my FTP account settlement, had 35million in there and now need it to meet my DJX puts margin call at Amritrade.

  9. 9
    Posted by trojan_ | September 20, 2011 at 3:45 PM

    Just like a young man, coming in for a quickie. I feel so unsatisfied…

  10. 10
    Posted by deal_mkr | September 20, 2011 at 3:47 PM

    Sounds like my business…I dont see the problem here?

    - UBS PWM

  11. 11
    Posted by ahahah | September 20, 2011 at 3:49 PM

    TARP 2 for all of the fighters they sponsor?

  12. 12
    Posted by Guest | September 20, 2011 at 3:51 PM

    unsatisfied, or unnseeyatisfyied?

  13. 13
    Posted by ShortNaked | September 20, 2011 at 3:53 PM

    FTPDoug & Wollensky

  14. 14
    Posted by ETFDude | September 20, 2011 at 3:53 PM

    Separate and distinct from the operating accounts. Not quite as separate and distinct from the petty cash fund.

  15. 15
    Posted by trojan_ | September 20, 2011 at 4:06 PM

    you're alright guest. you're alright

  16. 16
    Posted by Guest | September 20, 2011 at 4:08 PM

    ?

  17. 17
    Posted by Jamie Gold | September 20, 2011 at 4:11 PM

    See what happens when you don't call a Pro's bluff? BURN!

  18. 18
    Posted by Guest | September 20, 2011 at 4:15 PM

    just a means of wealth redistribution….

  19. 19
    Posted by Anonymous | September 20, 2011 at 4:17 PM

    not quite separate from his wallet.

  20. 20
    Posted by guestified | September 20, 2011 at 4:18 PM

    Matt – take note of the brevity…yet the effectiveness here. Only 22 of her own words and so far 15 comments. That’s the key, low words-to-comments ratio.

  21. 21
    Posted by Glubglub | September 20, 2011 at 4:21 PM

    Cry me a river.

    FTP HR Employee #2

  22. 22
    Posted by Guest | September 20, 2011 at 4:35 PM

    Hit me bitches.

    –Guest who formerly got multiple thumbs up on comments, but getting bored with that and now commenting with the goal to get the most thumbs downs on each post

  23. 23
    Posted by whatever | September 20, 2011 at 4:46 PM

    Liquor in the front and poker in the back at Casino Lynn "Full" Tilton…

  24. 24
    Posted by I'm Back | September 20, 2011 at 4:47 PM

    In Soviet Russia, you scheme Ponzi!

  25. 25
    Posted by spanishmoon | September 20, 2011 at 4:47 PM

    FTPDoug is on his way to share a cell with Raj.

    I wonder who will get "all in " first.

  26. 26
    Posted by Backdoor_Bess | September 20, 2011 at 4:54 PM

    wait, sending money via Western Union to some island that I never heard of turned out to be a scam?

    Joke is on me – I never saw this one coming!!

    ~ SEC VP who loved to play 10 team parlays in hopes of a big payoff

  27. 27
    Posted by Mexi_Cant | September 20, 2011 at 4:56 PM

    Benjarvus Green Ellis is the running back for the New England Patriots, of the NFL. His name is so long that it has given birth to his nickname, "Law Firm." Woodhead is a reference to Danny Woodhead, another running back for the New England Patriots, of the NFL.

    -Substitute Joke Briefer

  28. 28
    Posted by 2ft$ | September 20, 2011 at 5:00 PM

    I've never been stiffed on a parlay though. Some of those Carib SB sites have been around since before WWW in the 1980s and are still paying players promptly. SUCK IT, poker n00bs!

  29. 29
    Posted by Guest | September 20, 2011 at 5:02 PM

    What the hell is wrong with you people?

    –Guest from above

  30. 30
    Posted by minus 1 | September 20, 2011 at 5:26 PM

    glad to have you back, please send the secret police after hakuna matada guy at your earliest convenience

  31. 31
    Posted by Guest | September 20, 2011 at 5:40 PM

    First of all there's only been two world wars and even if there had been 10, it would be WWX.

    – AIG History Quant

  32. 32
    Posted by guest | September 20, 2011 at 5:46 PM

    FTPDoug = Lenny Nails, it's all starting to make sense.

  33. 33
    Posted by Guest | September 20, 2011 at 6:04 PM

    For that comment I wish death upon you.

    - Salty Jets Fan

  34. 34
    Posted by Guest | September 20, 2011 at 6:32 PM

    What about all their legitimate hands?

    - Bernie

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