Lawyer Representing Some Of Fult-Tilt Poker Resents The Ponzi Scheme Label


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

Mr. Boss declined to address the substance of the charge because, he said, he did not represent all the individuals involved. But he said the Ponzi scheme language suggested an inherently flawed business model, which did not fit the charge, even if it were true.

“Even if, if a crime was committed, that doesn’t make it a Ponzi scheme,” he said, arguing that Full Tilt may have been mismanaged but was still an actual business. He said the term was not just wrong but “it’s loaded, particularly post-Madoff.”



Former Scores Stripper Took Cash in Ponzi Scheme

In the land of mini-Madoff’s, Kenneth Starr isn’t the biggest one out there. But, he did have a list of A-list clients that rivals only Bernie himself. Plus, his wife was a stripper at Scores, which is a lot more than you can say for Ruth Madoff.