infamous poker seasoned and persona non grata Chris Ferguson — co-founder and former director of Full Tilt Poker — has posted what appears to be a hostage-style apology video for his role within the routine that surrounded online poker’s Black Friday on April 15, 2011.
the former World sequence of Poker leading event Champion posted a forty two-2d video to his Vimeo yarn on Wednesday, addressed to the poker neighborhood he observed he “loves and had been part of for a very long time.”
but the consensus among the many American poker group turned into that it became disingenuous, too short, read in a monotone voice from an obvious cue card, and seven years too late. It additionally didn’t truly tell any one anything they didn’t already be aware of. Don’t take our word for it: the video is posted below.
the way it Went Down
On April 15, 2011, the us department poker domino of Justice seized the three market-main on-line poker websites — Full Tilt, PokerStars and the Cereus community — for violation of the illegal internet gambling Enforcement Act UIGEA and the 1961 Wire Act.
presently after, it emerged that Full Tilt had failed to separate player cash from business operating cash, which intended when the feds iced over up and took over the sites, there become no money to pay gamers.
the U.S. lawyer for the Southern District of ny, Preet Bharara, described Full Tilt as a “Ponzi scheme” that allowed the administration of the business and different half-homeowners to pay themselves $444 million, while on no account safeguarding their valued clientele’ dollars. He consequently spearheaded a couple of major prosecutions in the case.
another time, With Any Feeling
probably the most first to retort to Ferguson’s flatlined deposition became neighbourly poker celebrity Daniel Negreanu. in no way a fan, his response become below striking.
“It took all this time for Chris Ferguson to come up with THIS apology?” he asked incredulously on Twitter. “So heartfelt. Had me in tears,” he snipped. “My prediction: this doesn’t really support his trigger. rather the contrary.”
Negreanu become appropriate. commonplace reaction ranged from scorn to frustration. If Ferguson “hopes the chronicle of Full Tilt will one day be informed,” why doesn’t he simply inform it, if he has nothing to hide, many asked.
Ferguson apologizes for “failing to stop Black Friday from occurring” however not for being part of a board of directors that “lined their own pockets with money picked from the pockets of their most loyal shoppers whereas blithely lying to each gamers and the general public alike concerning the safeguard and protection of the funds deposited,” within the phrases of the DOJ.
Ferguson’s legal professional argued that mismanagement — not malice — changed into at play in the crumple of Full Tilt, yet the un-heartfelt birth doesn’t express regret for any of that. as an alternative, he highlights his “relentless” work to be certain gamers obtained paid.
however gamers had been paid, no longer by Ferguson, but by way of FullTilt’s rival PokerStars. That was achieved by means of a voluntary agreement of $731 million paid to the DOJ, which allowed Stars to acquire Full Tilt’s belongings. as far as we recognize, Ferguson had nothing to do with this technique.
Love him or hate him, that you can’t capture away from his success at the felt: Ferguson has accumulated just under $9 million in reside match wins during his lifestyles. but he will possible be derided once more when he returns to the Rio in Las Vegas for the realm collection of Poker, which kicks off next week.