Striper Talk Striped Bass Fishing, Surfcasting, Boating

     

Left Nav S-B Home FAQ Members List S-B on Facebook Arcade WEAX Tides Buoys Calendar Today's Posts Right Nav

Left Container Right Container
 

Go Back   Striper Talk Striped Bass Fishing, Surfcasting, Boating » Striper Chat - Discuss stuff other than fishing ~ The Scuppers and Political talk » The Scuppers

The Scuppers This is a new forum for the not necessarily fishing related topics...

Reply
 
Thread Tools Rate Thread Display Modes
Old 09-20-2011, 11:28 AM   #1
PRBuzz
BuzzLuck
iTrader: (0)
 
PRBuzz's Avatar
 
Join Date: Feb 2009
Location: Brockton
Posts: 6,414
Send a message via Skype™ to PRBuzz
Another Ponzi Scheme?

The U.S. Justice Department accused poker celebrities Howard Lederer and Christopher Ferguson among other executives of a major poker website of defrauding poker players out of more than $300 million.


The U.S. Attorney in the Southern District of New York filed a motion Tuesday to amend an earlier civil complaint to allege that Mr. Ferguson, Mr. Lederer and two other directors for the website, Full Tilt Poker, operated what the Justice Department says was a Ponzi scheme that allowed the company to pay out $444 million to themselves and other owners, which included other famous poker players.


U.S. Alleges Full Tilt Poker Was Ponzi Scheme - WSJ.com

Given the diversity of the human species, there is no “normal” human genome sequence. We are all mutants.
PRBuzz is offline   Reply With Quote
Old 09-20-2011, 01:04 PM   #2
FishermanTim
Registered User
iTrader: (0)
 
FishermanTim's Avatar
 
Join Date: Feb 2003
Location: Hyde Park, MA
Posts: 4,152
Doesn't that make all casinos housing for multiply ponzi schemes as well? I mean the games are rigged so that the house really never loses money, it just takes from Peter and gives some to Paul and keeps the rest!
FishermanTim is offline   Reply With Quote
Old 09-20-2011, 03:13 PM   #3
spence
Registered User
iTrader: (0)
 
spence's Avatar
 
Join Date: Nov 2003
Location: RI
Posts: 21,183
Quote:
Originally Posted by FishermanTim View Post
Doesn't that make all casinos housing for multiply ponzi schemes as well? I mean the games are rigged so that the house really never loses money, it just takes from Peter and gives some to Paul and keeps the rest!
No, I don't think most casinos hold players credit...it's cash in/cash out.

-spence
spence is offline   Reply With Quote
Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 09:51 AM.


Powered by vBulletin. Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Please use all necessary and proper safety precautions. STAY SAFE Striper Talk Forums
Copyright 1998-20012 Striped-Bass.com