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: Read more »

Did FTP maybe commit a crime? Yes. Was the crime it committed a Ponzi Scheme under the strict definition of the term? No. Read more »

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 the correct way to do so. Insofar as it now looks like you’ll only get back at best fifteen cents on the dollar. From the US Attorney’s complaint today:
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