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Christopher Ferguson, what have you done?
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| Renzo |
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 $440 million since April 2007," the complaint read. |
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| Renzo |
| Ponzi schemes through poker are the new black. |
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| Chimney |
| One step closer to breaking down the Illuminati government. |
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| Fledz |
| The Illuminati aren't a government. |
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| Chimney |
| quote: | Originally posted by Fledz
The Illuminati aren't a government. |
That's what they want you to think. |
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| Ygrene |
| Christopher 'Turd' Ferguson, clearly. |
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| kadomony |
| quote: | Originally posted by Ygrene
'Turd' Ferguson |
:stongue: |
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| havokddg |
| I have over 500$ on this site :( sad |
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| Redd |
| It's good for poker, now we don't have to see his face on TV ever again. |
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| Halcyon+On+On |
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| dj_alfi |
| So that's what they did? Brilliant. |
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