U.S. Calls Full Tilt Poker A Global Ponzi Scheme
If you are like me you play poker so when I heard this new allegation about Full Tilt poker I was interested. According to the U.S. prosecutors they claim that Full Tilt poker paid it’s members more that $440 million dollars while they screwed the player by not having sufficient funds to pay the players. They call it a Ponzi scheme, A Ponzi scheme is usually one in which early investors are paid with the money of new clients and it collapses when the funds run out. I don’t see how this can be. I would think they wouldn’t have to resort to this kind of shady bussiness practices. They made enough money with the rake they charged from every hand of poker and tournement that they ran. Full Tilt even sent out an email explaining how they treated players funds. Here is a sample of that email, “To protect both our players and business from financial problems, all player account funds are segregated and held separately from our operating accounts. Unlike some companies in our industry, we completely understand and accept that your account money belongs to you, not Full Tilt Poker.”











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