Full Tilt Poker
I am far enough behind on CFA studying that I have not yet learned how to do a DCF (is that on Level I?), but I’m pretty sure that even at Level IV you might have trouble modeling this acquisition:
Did FTP maybe commit a crime? Yes. Was the crime it committed a Ponzi Scheme under the strict definition of the term? No.
If you were worried that Social Security is a Ponzi scheme and planned to fund your retirement with poker winnings, today turned out to be a bad day for you. While we here at Dealbreaker generally endorse keeping all of your money in poker, keeping all of your money in Full Tilt Poker was not […]