Do You Forgive Lederer and Ferguson?
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Do You Forgive Lederer and Ferguson?

D
ULTRAAAAOP
1yr ago

After the Full Tilt Poker debacle of 2011 both Howard Lederer and Chris Ferguson were by and large villainized by the po

28 October 2023 at 09:42 PM
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ULTRAAAA
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Avatar2pairsof2s
11mo ago

This myth lives on. Everyone DID NOT get their money back. I for one never got a dime. And I am far from the only one.

Never mind that that the money that was paid out did not come from Tilt or anyone associated with Tilt. (The payoff came from Pokerstars in a deal with the Feds to get them to stop suing PS.)

The persistent myth that everyone got paid has no basis in fact. I lost a little under $2000. I was told that I was paid out but I never received it. They blamed the payment processors, just as if hiring conmen and criminals to handle payments was not something Tilt was responsible for.

I am not American and do not live in the USA. That is defiantly one of the reasons I did not get paid. But that doesn't mean that you can discount or ignore me when you make blanket statements like "everyone got their money."

Lucky me the amount I lost was small enough to be merely annoying and not enough to damage my financial well being. But it was my money and I won it fair and square they had no right to keep it.

The Full Tilt debacle was one of the most successful scams of our lifetimes. Lederer, Ferguson and Ivey each made $$$MILLIONS$$$. Many others made big money from the scam. And they all walked away scott free, at least form a legal standpoint.

Ivey is so Teflon, he even avoided the reputational hit that Lederer and Ferguson took, despite the fact that he was the big shareholder and apparently made more coin from Tilt than anyone else.

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