Lawyer and High Stakes Poker Player Tom Goldstein Indicted for Tax Fraud
Tom Goldstein, a high profile attorney, is also a long time high-stakes poker player. On January 16th, he was indicted for tax evasion related to a failure to adequately report gambling winnings. The indictment details a number of ultra high stakes games in Asia, Dallas and Beverly Hills as well as Goldstein's coaching by two unnamed professional poker players.
Some key excerpts discussing the high stakes games:
SCOTUSBLOG founder, also didn’t berkey say the guy on HCL was another VIP
Also reading the indictment is pretty crazy, winning 50 mil heads up against Macau whales and others then somehow blowing it and having to embezzle his law firm, bringing duffles of cash back from Paul Phua…
Wait, “Tom” from the HCL game isn’t actually BerriSweet?? Noooo. Thought chat had it on that one for sure.
I think the announcers also said he was a Portuguese businessman. Goldstein doesn’t sound like a very Portuguese last name to me.
Didn't that guy from the HCL game play like an absolute whale? and somehow he won millions in private matches?
There's a segment on Megyn Kelly on YouTube about who he is, the SCOTUS blog and the poker story
https://youtu.be/E4WOaOHCnRU?si=WMUJjeZ3...
1hr07 or so, Megyn talks about the poker part. 1hr1 min or so, she introduced his name and talks about the SCOTUS blog.
As Gods chosen people we do as we please so
stfu
Between 2016 and 2022 Defendant was involved in, or pursued, intimate personal relationships with at least a dozen women, transferring hundreds of thousands of dollars to them from his financial accounts or joint bank accounts he set up with the women, and paying for travel and other expenses for many of them. Defendant executed tehse financial transactions while he owed substantial amounts of money to the IRS
Getting these vibes.
In a sense court cases are the ultimate gossip
Yes, I think if it was just some kind of plant by HCL to boost engagement and distract people from his real identity. The official disclosure from announcers was that he was a “Portuguese business man”. They kept pronouncing his name as “tome-azz” not Tom or Thomas.
I wonder what the explanation is for why he would even use his real name at all.
Seems like the case is correlating wins on certain occasions to overall annual wins. That's a pretty big assumption, but prosecutors are only interested in winning regardless of the truth.
Is the Texas billionaire Beal? The actor Toby McGuire? Shows how disconnected the NVG thread is from HS poker.
Seems like the case is correlating wins on certain occasions to overall annual wins. That's a pretty big assumption, but prosecutors are only interested in winning regardless of the truth.
Is the Texas billionaire Beal? The actor Toby McGuire? Shows how disconnected the NVG thread is from HS poker.
I don't think that's the case. Citizens are required to report gross income as well as expenses, and from there calculate the net income.
If he would have won 100m and lost 99m, he would have reported both of those facts. I understand that he didn't report the win at all.
Seems like the case is correlating wins on certain occasions to overall annual wins. That's a pretty big assumption, but prosecutors are only interested in winning regardless of the truth.
Is the Texas billionaire Beal? The actor Toby McGuire? Shows how disconnected the NVG thread is from HS poker.
Yeah figured they might have a jabroni way of calculating wins and losses…imagine that Beal is the Texas Billionaire and that Salomon is the producer…Paul Phua is the Malaysian Businessman…also didn’t people “confirm” earlier that HCL “Thomas” was Rob Drydek?
I don't think that's the case. Citizens are required to report gross income as well as expenses, and from there calculate the net income.
If he would have won 100m and lost 99m, he would have reported both of those facts. I understand that he didn't report the win at all.
Would you mind citing where every win/loss needs to be reported? If there's no net income, no need to record wins/losses as I understand it. Easy to imagine he was actually a loser that year despite the big wins. He seemed like he was in financial distress.
Would you mind citing where every win/loss needs to be reported? If there's no net income, no need to record wins/losses as I understand it. Easy to imagine he was actually a loser that year despite the big wins. He seemed like he was in financial distress.
https://www.irs.gov/taxtopics/tc419
You are required under the federal tax code to report -all- gambling winnings, whether or not you these are reported directly to the IRS on a W2-G. This means reporting any event where you have a gambling win, regardless of whether you have offsetting losses. You are then allowed to deduct gambling losses up to the amount of your gambling wins, but then you need to itemize your deductions and not take the standard deduction.
The rules are different for professional gamblers, but that wouldn't seem to apply here.
I can't help but think if my name was, Tom Goldstein, and I played on stream undercover with masks and fake tattoos... I've go by a name other than "Thomas"
Doug Polk covered the story:
A law blog also compared the dates of Goldstein's supreme court cases with the games mentioned in the indictment:
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I can't help but think if my name was, Tom Goldstein, and I played on stream undercover with masks and fake tattoos... I've go by a name other than "Thomas"
Especially considering it's entirely standard for livestream players to go by a nickname or use their social media handle. Love the logic - "I'll just say I'm a EUROPEAN businessman instead of an American businessman, and no one will be the wiser."
If you read the disposition or listen to any of the summaries you get a distinct picture painted of a guy who doesn't make very good decisions despite having reached the pinnacle of one of the most prestigious career paths in the country
**** me, all of this already and still 10 days left in January.
Seems like the case is correlating wins on certain occasions to overall annual wins. That's a pretty big assumption, but prosecutors are only interested in winning regardless of the truth.
Is the Texas billionaire Beal? The actor Toby McGuire? Shows how disconnected the NVG thread is from HS poker.
Case is not correlating anything. Don’t need to to convict. If they can prove the claimed wins, and seems likely they can, then they can show he hid income. Since was not filing as a professional gambler, wins are entered as “other income” while losses are entered as misc deductions. You don’t net them.
The bank fraud indictments are even easier. There are signed notes and contracts. There are also loans docs denying these loans existed. That seems to be easy fraud to convict.
Ofc an indictment is only one side with no rebuttal.
