Christopher Ferguson, what have you done?

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-- Christopher Ferguson, what have you done?

Posted by Renzo on Sep-20-2011 21:55:

Christopher Ferguson, what have you done?

http://money.cnn.com/2011/09/20/new...x.htm?hpt=hp_t2

quote:
NEW YORK (CNNMoney) -- Federal prosecutors on Tuesday accused executives at the online site Full Tilt Poker of operating a Ponzi scheme, siphoning more than $440 million in gamblers' winnings to board members and owners.

The U.S. Attorney's Office for the Southern District of New York also charged poker celebrities Howard Lederer and Christopher Ferguson, as well as PokerStars and Absolute Poker, of taking part in and profiting from the scams.

According to the complaint from U.S. Attorney Preet Bharara, Full Tilt Poker and its board, including Howard Lederer and Christopher Ferguson, "defrauded players by misrepresenting that their funds on deposit in online gambling accounts were safe, secure, and available for withdrawal at any time."

"In reality, Full Tilt Poker did not maintain funds sufficient to repay all players, and in addition, the company used player funds to pay board members and other owners more than $440 million since April 2007," the complaint read.

Posted by Renzo on Sep-20-2011 22:01:

Ponzi schemes through poker are the new black.

Posted by Chimney on Sep-20-2011 22:01:

One step closer to breaking down the Illuminati government.

Posted by Fledz on Sep-20-2011 22:47:

The Illuminati aren't a government.

Posted by Chimney on Sep-20-2011 22:48:

quote:
Originally posted by Fledz
The Illuminati aren't a government.

That's what they want you to think.

Posted by Ygrene on Sep-21-2011 01:15:

Christopher 'Turd' Ferguson, clearly.

Posted by kadomony on Sep-21-2011 05:20:

quote:
Originally posted by Ygrene
'Turd' Ferguson

Posted by havokddg on Sep-21-2011 12:12:

I have over 500$ on this site sad

Posted by Redd on Sep-21-2011 12:47:

It's good for poker, now we don't have to see his face on TV ever again.

Posted by Halcyon+On+On on Sep-21-2011 14:34:

Posted by itsamemario on Sep-23-2011 06:58:

So that's what they did? Brilliant.