Full tilt players to be paid in full?

[Marky147]

Blue jeans, black socks and black shoes is such an poor clothing combo. If I had seen this vid before I would never have left money on Tilt. Those jeans look like prison jeans and the shirt is just very boring and doesn't match anything else. I mean it's annoying really how people from USA just throw random clothes about their person and seem totally blind to the car crash result.

[SuuPRlim]

I actually think (and have thought for a while) that Lederer prolly wasn't complicate in the illegal stuff at FTP, but that he (being quite a savvy/smart guy) had a pretty decent inkling something suspect was going on but didn't act on those suspicions. I'd like to think the hundreds of thousands of dollars p/m he was making weren't the reason he chose to ignore the concerns but I think we'd all be quite naive to think that didn't play a part.

Chris Ferguson's role in all this is something I'd really like to hear more about, I always felt like he was more innocent than the others BUT HL kinda implying he had a much more hands on role within the company than he did, which is interesting.

[77dave]

Blue jeans, black socks and black shoes is such an poor clothing combo. If I had seen this vid before I would never have left money on Tilt. Those jeans look like prison jeans and the shirt is just very boring and doesn't match anything else. I mean it's annoying really how people from USA just throw random clothes about their person and seem totally blind to the car crash result.

id say he took some time and decided what to where before the interview. didnt want to turn up in a designer suit and expensive watch.

[smashedagain]

Don't he always dress in a similar way to that?

[AlunB]

I actually think (and have thought for a while) that Lederer prolly wasn't complicate in the illegal stuff at FTP, but that he (being quite a savvy/smart guy) had a pretty decent inkling something suspect was going on but didn't act on those suspicions. I'd like to think the hundreds of thousands of dollars p/m he was making weren't the reason he chose to ignore the concerns but I think we'd all be quite naive to think that didn't play a part.

Chris Ferguson's role in all this is something I'd really like to hear more about, I always felt like he was more innocent than the others BUT HL kinda implying he had a much more hands on role within the company than he did, which is interesting.

So you're saying you're more inclined to believe he's an incompetent lazy idiot than a dodgy businessman? For someone to be on the board of a company like this and not have a clear view of what is going on is almost criminally incompetent.

I appreciate not everyone follows the biz as closely as I do, but it just doesn't wash for me. Everyone knew how difficult payment processing had got in the US. He knew the business inside out and wouldn't have needed things explaining to him from scratch. He would just need someone to say in simple terms what was happening and he would have got it.

[77dave]

Don't he always dress in a similar way to that?

just checked some HSP and he normally is in a suit with a fancy watch.

[jakally]

For someone to be on the board of a company like this and not have a clear view of what is going on is almost criminally incompetent.

Board members often only know what they are told - particularly in larger sized businesses.
Financial people, and operating execs can be quite creative, when it comes to business reporting.

[AlunB]

For someone to be on the board of a company like this and not have a clear view of what is going on is almost criminally incompetent.

Board members often only know what they are told - particularly in larger sized businesses.
Financial people, and operating execs can be quite creative, when it comes to business reporting.

I know this. I was a financial journo before getting into online gaming. But if a board member of a PLC missed this kind of thing they would arguably be classed as criminally negligent.

Also this isn't  some huge PLC with a massive board comprised of people from various fields and huge corporate structure. This is a four person board of directors and he was the ex-COO. He knew the business inside out. Hence my point.

[AlunB]

Also it wasn't a business as usual situation from late 2006 onwards. It was crisis management in the US. There were huge restrictions on their business and everyone had one eye on the DoJ. The cost of doing business in that market was rising and the risks were getting higher. Any director that simply ignored all this and didn't ask questions was not doing their job to put it mildly.

[strak33]

Bet he isnt wearing blackgreen hublot anymore

[Whollyflush]

Been pretty tilting to watch so far, its certainly no frost/nixon.

[MANTIS01]

Blue jeans, black socks and black shoes is such an poor clothing combo. If I had seen this vid before I would never have left money on Tilt. Those jeans look like prison jeans and the shirt is just very boring and doesn't match anything else. I mean it's annoying really how people from USA just throw random clothes about their person and seem totally blind to the car crash result.

id say he took some time and decided what to where before the interview. didnt want to turn up in a designer suit and expensive watch.

Yeah, we snap called his bluff tho. Wearing black shoes and prison jeans to try and pass as some hapless hobo is insulting our intelligence. Look Howard we all know you took our Tilt dollars so have a bit of respect and tidy yourself up for the camera. Decent suit, crisp white shirt, bit of bling, and perhaps facial. If you did nothing wrong those things are allowed.

[DMorgan]

I actually think (and have thought for a while) that Lederer prolly wasn't complicate in the illegal stuff at FTP, but that he (being quite a savvy/smart guy) had a pretty decent inkling something suspect was going on but didn't act on those suspicions. I'd like to think the hundreds of thousands of dollars p/m he was making weren't the reason he chose to ignore the concerns but I think we'd all be quite naive to think that didn't play a part.

Chris Ferguson's role in all this is something I'd really like to hear more about, I always felt like he was more innocent than the others BUT HL kinda implying he had a much more hands on role within the company than he did, which is interesting.

+1

Given that there is still a civil lawsuit pending against him and with the knowledge that all of this is going to come out anyway when Bitar goes on trial, he has very little incentive to lie in this interview.

[jgcblack]

anyone on here got a substantial amount on there?

I know haxton is supposed to have mid 6figs.. Best of luck to all the players involved.

[AlunB]

I actually think (and have thought for a while) that Lederer prolly wasn't complicate in the illegal stuff at FTP, but that he (being quite a savvy/smart guy) had a pretty decent inkling something suspect was going on but didn't act on those suspicions. I'd like to think the hundreds of thousands of dollars p/m he was making weren't the reason he chose to ignore the concerns but I think we'd all be quite naive to think that didn't play a part.

Chris Ferguson's role in all this is something I'd really like to hear more about, I always felt like he was more innocent than the others BUT HL kinda implying he had a much more hands on role within the company than he did, which is interesting.

+1

Given that there is still a civil lawsuit pending against him and with the knowledge that all of this is going to come out anyway when Bitar goes on trial, he has very little incentive to lie in this interview.

Disagree with this. This doesn't remove an incentive at all. Besides, there is a difference between telling the truth and telling the whole truth. Omission can be huge. There are a lot of I don't knows in there. I am NOT accusing him of lying, he may as you say be telling the complete truth. But if he is it seems bizarre and incompetent of him. Better to be a fool than a fraud though.