PPP KINGDOM

PPP KINGDOM

FEDS CALL FULL TILT POKER A MASSIVE PONZI SCHEME

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The U.S. Attorney in Manhattan, Preet Bharara, claimed on Tuesday that Full Tilt Poker and its board of directors operated the company “as a massive Ponzi scheme against its own players.”

Federal prosecutors in Manhattan said on Tuesday they were filing legal papers as part of a civil money laundering complaint that alleged Full Tilt Poker improperly used funds of online poker players to pay members of its board of directors, including famous poker players Howard Lederer and Christopher “Jesus” Ferguson, $440 million since April 2007.

File:Howard Lederer.jpg
Howard Lederer

http://www.forbes.com/sites/nathanvardi/2011/09/20/feds-call-full-tilt-poker-a-massive-ponzi-scheme/

Chris Ferguson
Christopher “Jesus” Ferguson

Best Regards,

FINANCIAL WARRIOR

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