• Home
• Poker Reviews
• Poker Bonus
• Poker Strategy
• Poker Rules
• Poker Players
• Mac Poker

• Poker Freerolls
• Poker News

Subscribe

Class Action Lawsuit Filed Against FTP

As Full Tilt Poker players still remain unpaid and unable to withdraw their money from their player accounts, a class action lawsuit was filed yesterday in a Las Vegas federal court against former Full Tilt directors Chris Ferguson and Howard Lederer.

Coming up on the one-year anniversary of Black Friday, the lawsuit alleges that before and after Black Friday, Ferguson and Lederer “exercised unlawful dominion and control” of player funds in FTP accounts.

The lawsuit also focuses on the allegations that Full Tilt was a Ponzi scheme, claiming that US players were denied the some $150 million in funds that were rightfully theirs due in part to the actions of Ferguson and Lederer. According to the lawsuit, Lederer received around $42 million in “profit sharing” distributions, while Ferguson received $85 million, some in the form of loans.

The lawsuit reads: ”Additionally, defendants approved distributions and loans to the other owners of Full Tilt Poker from funds directly traceable to the player accounts. The distributions and loans to Lederer, Ferguson and the other Full Tilt Poker owners were from intermingled funds containing monies from the player accounts.”

The four lead class-action plaintiffs, Steve Segal of New York, Todd Rerry of New Jersey, and Robin Hougdahl and Nick Hammer of Minnesota, are requesting the defendants refund player funds and punitive damages. These same four players filed a class-action suit against Ferguson, Lederer, and other Full Tilt officials last year in New York with allegations of racketeering due to an alleged pattern of bank fraud, money laundering, and wire fraud; however, the federal judge presiding over the case found that the court lacked jurisdiction over the FTP defendants.

The new lawsuit was filed in Nevada as attorneys representing the players cited “diversity jurisdiction” as all parties reside in different states; and “personal jurisdiction” and “venue” since Lederer is a resident of Nevada, Ferguson has “conducted substantial business” in Nevada and “because many of the wrongs and acts complained of herein were contemplated and executed by defendants in this district.”

The FTP defendants haven’t commented on the new lawsuit, but they have denied similar suits by other poker players including one filed in Los Angeles back in October of last year. The October lawsuit names Ferguson and Lederer also, as well as Full Tilt CEO Raymond Biter and other professional poker players such as Phil Ivey.

There are three other pending federal civil suits against Full Tilt, filed by different plaintiffs in New York, one plaintiff being the United States, which unveiled the Ponzi scheme allegations in a complaint back in September. According to the allegations, the US government claims that FTP owes about $390 million to players internationally and about $150 million to US players with only $60 million in their bank accounts, as of March 31, 2010.

New PPA Campaign Makes Contacting Congress Easier than Ever

The Poker Players Alliance (PPA), a advocacy and lobbying group for poker, has recently launched a brand new campaign that will push even harder for Internet poker legislation and regulation in the US.

The new campaign features a splash page, which you can access here or visit theppa.org. The campaign uses Black Friday as a rally cry for US players to take action. The website states:

One year ago, U.S. government action resulted in the shutdown of major U.S.-facing poker websites. To mark the anniversary of this day and to send the message to our elected representatives that we demand action on legislation to license online poker, let’s all tell Congress that the poker players and enthusiasts of this great nation will never fold in the fight for the right to play America’s favorite card game!

The website provides you with a direct line to Congress, whether you want to email, tweet, or send a Facebook message with the tag line, “Your emails, tweets, and Facebook messages matter!” This is a great way to show you care. It truly takes seconds to contact Congress regarding your desire to have online poker legal in the US, and there’s even an editable letter already written that you can send as is, or add to. It’s never been easier to express your opinion regarding regulated online poker in the US. You really have no excuse not to take part in this opportunity, especially if you love online poker as much as the rest of us.

You can also join the PPA, if you haven’t already, or donate money via the PPA page if you so desire. If you can’t donate money though, do communicate your right to play online poker though if you have a few minutes, please.

888 Features MMA Champion Georges St-Pierre as Global Ambassador

The 888 brand, home of 888poker, 888sport, and 888casino, has recently announced a new partnership deal with French Canadian MMA champion Georges St-Pierre. The mixed martial arts world champion, also known as GSP will represent the brand globally as the official brand ambassador.

St-Pierre has become very popular among the MMA community over the past years and not without good reason. He has 22 wins—more consecutive welterweight title wins than any other fighter—as well as well as two MMA championship titles.
With GSP’s already well-known international identity, he will play an important role in the 2012-2013 marketing strategy of 888.

888 B2C Senior VP Itai Pazner made the following statement: “The partnership agreement with Georges St-Pierre will strengthen our brand awareness around the globe and introduce 888 to the growing sport of MMA and its fans. It is exciting to have this international sports celebrity on board with us.”

The endorsement is a 12-month deal that will continue through March 2013. During the campaign, St-Pierre will be a strong part of Team888poker, competing in several live events including the 2012 WSOP, as well as online at 888poker.com. Special events featuring St-Pierre will sponsor anti-bullying charities.

St-Pierre says of his new endorsement contract, “I am very excited to become a global brand ambassador for Team 888poker. I have wanted to play poker for a while now as it is a great game of skill. It is not just your cards versus my cards; it is you versus your opponent. However, the most important aspect of my partnership with 888poker is that we are going to generate a great deal of money for my foundation that dedicates its efforts towards anti-bullying causes.”

April 2012 PartyPoker Bonus Code

Poker Bonus

PartyPoker is a premier online poker room with one of the biggest poker bonuses in the industry. Sign up this month and receive a $/£/€500 poker bonus when you use PartyPoker Bonus Code 500PS and make a first deposit. Once you’ve successfully deposited, just start playing real money online poker at PartyPoker cash game tables and tournaments. You’ll receive PartyPoints as you play, which will add up to clear your bonus. For cash games, you’ll earn a point for every dollar you bet. For tourneys, you’ll earn a point for every dollar you pay in tourney fees. You will need to accrue six times the bonus amount in PartyPoints if you deposit US$; eight times for Euros; and nine times for Sterling. Your bonus will be deposited into your player account in 10 equal installments as you earn them. The bonus is good for 60 days!

Pokerfest II Online

If you register with PartyPoker now, you’ll be just in time for Pokerfest II Online, a massive online poker tournament series with a guaranteed $3.5 million prize pool including a $1 million main event. In addition, Pokerfest participants can also win tons of cash and prizes ranging from $50K to an iPad to a WSOP package.

Pokerfest will run from April 22, 2012 through May 6, 2012 and consist of 47 events leading up to the $1 million main event featuring a $640 buy-in. Other highlights include Event #2 – $2K prize pool in which you can buy into for only 20 points, giving everyone a chance to get in on the action; Event #23 – $350K guaranteed with a $215 buy-in, qualifiers beginning at only $2.50; or Event $46 – $50K guaranteed, only $33 to enter. There are 47 exclusive reasons to join PartyPoker this month, not to mention all the side games that will take place. Get in on the action now and get a head start on the rest of the world.

Does Online Gambling Lead to Substance Abuse?

A recent study shows that online gamblers are more likely to suffer from substance abuse than offline gamblers. This is surprising, considering how many drinks a casino will “comp” you if you sit at the tables at a land-based casino long enough. Perhaps Internet gamblers just undergo more stress and find themselves reaching for the bottle to comfort a big loss or a long-term losing streak.
Montreal Professor Sylvia Kairouz at the Department of Sociology and Anthropology at Concordia University studied socio-demographic profiles and game play patterns, comparing them with varying extremes of addictive behavior in both online and offline adult gamblers.

In her research, Kairouz discovered that not only do Internet gamblers spend more money, but they also use alcohol and marijuana more so than gamblers who do not play online, though her findings aren’t definitive yet.

Kairouz says, “We cannot determine … whether gambling on the internet creates problems in and of itself, or whether those who already have addictive behaviours are more likely to be enticed to gamble on the internet.”

« Previous Page

Best Poker Bonus at 888 Poker 100% up to $600/£400/€400 sign up bonus plus £5/$8/€6 FREE to new players(No USA Players) .

Copyright © 2009 Online Poker News | Partners | Sitemap