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marcro
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« Reply #450 on: June 30, 2011, 03:34:56 PM » |
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Cos, how do you know they don't?
Marcro, not many in the community questioned where FTP's marketing money was coming from so it doesn't seem that obvious. Are you talking about a situation prior to Black Friday where it was known that FTP had spent player's money?
I am questioning Lederer having good intentions. As far as I know, he was pretty hands on in the running of the company and he would have access to their financial statements. The secrecy about who were the owners, etc. also should have rung some alarm bells. |
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Spraggs
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« Reply #451 on: June 30, 2011, 03:35:28 PM » |
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these things just don't happen on other sites.
i'd me a lot more suprised to find that they dont, than i would to find that they do. |
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Longy
Professional Hotel Locator.
Learning Centre Group
Hero Member
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Posts: 10040
Go Ducks!
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« Reply #452 on: June 30, 2011, 03:37:16 PM » |
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Hmmm from what I've heard I'm not sure I'd say they all had good intentions longy.
Howard and co did lots of things they shouldn't have.
Eli elezra joked on tv about how many accounts he had. You could see from howard's face that he knew.
Patrik antonius also had several accounts. Doubt he was the only person within the crew that knew about it.
Benyamine was on the fiddle with a ftp member of staff too.
The selling of 100% accts isn't on either.
these things just don't happen on other sites. ftp are a disgrace. I'm gutted I played so much there and gave the crooked fks my custom.
Yeah you are probably right, though 2 of your points are relying on Nick Rainey's version of the truth. Also saying this doesn't happen on sites, I would be very careful with that statement. You do represent a network which openly allows bots! |
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Bongo
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« Reply #453 on: June 30, 2011, 03:45:57 PM » |
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Cos, how do you know they don't?
Marcro, not many in the community questioned where FTP's marketing money was coming from so it doesn't seem that obvious. Are you talking about a situation prior to Black Friday where it was known that FTP had spent player's money?
I am questioning Lederer having good intentions. As far as I know, he was pretty hands on in the running of the company and he would have access to their financial statements. The secrecy about who were the owners, etc. also should have rung some alarm bells. I guess the truth will come out eventually, I don't think either would surprise me. Was there a situation where it was known that FTP had spent players money before Black Friday? I only ask as I hadn't heard of one and I wouldn't of played there if I had. |
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Do you think it's dangerous to have Busby Berkeley dreams?
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DungBeetle
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« Reply #454 on: June 30, 2011, 04:30:05 PM » |
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"find it very difficult to believe that Lederer and the other players involved with Full Tilt were not aware of the situation, particularly the fact that players accounts were not segregated."
To be fair they were open about this in the terms and conditions. But I guess we all just ticked the box all those years ago when signing up without reading it and jumped straight into a game.
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SuperJez
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« Reply #455 on: June 30, 2011, 04:40:53 PM » |
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To be fair they were open about this in the terms and conditions. But I guess we all just ticked the box all those years ago when signing up without reading it and jumped straight into a game.
Not the case, they changed them recently and infact there is a post on 2+2 by FTPDoug from 2008 which SPECIFICALLY states "with authority" player deposits are seperate and protected from other FTP money. |
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Bongo
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« Reply #456 on: June 30, 2011, 04:47:18 PM » |
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That doesn't mean he wasn't lying.
I'm trying to find any mention of them in the internet archive, but currently can't seem to (either way)
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Do you think it's dangerous to have Busby Berkeley dreams?
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SuperJez
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« Reply #457 on: June 30, 2011, 04:49:45 PM » |
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Yeah your right about the lying, but it does mean they were not open and infact actively trying to pull the wool over players eyes
ill try find the link
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SuperJez
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« Reply #458 on: June 30, 2011, 04:52:14 PM » |
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Bongo
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« Reply #459 on: June 30, 2011, 04:54:44 PM » |
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Current T & Cs read:
"Customer funds are not segregated from company funds, but it is the intention of Filco Ltd to meet its liabilities as they fall due."
Google Cache from last week has no mention of this...
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Do you think it's dangerous to have Busby Berkeley dreams?
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SuperJez
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« Reply #460 on: June 30, 2011, 04:56:10 PM » |
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Those t and cs were recently changed and not only that they read differently depending what coutry you ip address is in
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Bongo
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« Reply #461 on: June 30, 2011, 04:57:00 PM » |
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Never mind, it seems the actual T&Cs aren't indexed by google only the play money terms.
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Do you think it's dangerous to have Busby Berkeley dreams?
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DungBeetle
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« Reply #462 on: June 30, 2011, 05:24:53 PM » |
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The key is that there is a difference between what he says below, and if the funds are segregated (i.e. legally client money)
"Players' funds at Full Tilt Poker are kept in several deposit accounts throughout the world, all of which are separate and distinct from our operating accounts."
They put the money in seperate accounts all they like, but if it is still not "client money" then if they go bust the money is not segregated and the players will become general creditors.
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DungBeetle
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« Reply #463 on: June 30, 2011, 05:26:35 PM » |
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But I do agree with you that his comments give the impression that the funds are indeed segregated.
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GreekStein
Hero Member
Hero Member
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Posts: 20728
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« Reply #464 on: June 30, 2011, 05:29:54 PM » |
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Hmmm from what I've heard I'm not sure I'd say they all had good intentions longy.
Howard and co did lots of things they shouldn't have.
Eli elezra joked on tv about how many accounts he had. You could see from howard's face that he knew.
Patrik antonius also had several accounts. Doubt he was the only person within the crew that knew about it.
Benyamine was on the fiddle with a ftp member of staff too.
The selling of 100% accts isn't on either.
these things just don't happen on other sites. ftp are a disgrace. I'm gutted I played so much there and gave the crooked fks my custom.
Yeah you are probably right, though 2 of your points are relying on Nick Rainey's version of the truth. Also saying this doesn't happen on sites, I would be very careful with that statement. You do represent a network which openly allows bots! Only the rakeback account selling relies on Nick Rainey. The rest of the stuff I'd heard from several sources. Yeh I defo worded that badly about other sites. I was mostly trying to draw a comparison with stars and wrote without thinking. |
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@GreekStein on twitter.
Retired Policeman, Part time troll.
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