Phil Ivey sues Full Tilt

I'm sure Phil is very pissed at the damage done to his reputation but it's pretty stupid to claim he's not playing the WSOP because other players haven't gotten paid. He's not playing because he doesn't want to take abuse every single day at every single table. Players are pissed off. Full Tilt dropped the ball bigtime. Don't get me wrong, it's not their fault the gestapo in the Justice Dept did this bullshit but they should have had their money segregated like they always claimed.

http://news.bluffmagazine.com/phil-ivey-files-suit-against-tiltware-not-playing-wsop-20981/

He's such a dickhead.

Quote: EvenBob

He's such a dickhead.

Ivey?? Ivey is far from a dickhead, very cool guy actually. I like and respect him, I just think his reason for not playing in the WSOP is bullshit.

Quote: JimMorrison

Ivey?? Ivey is far from a dickhead

LOL, of course you're right, I like Ivey. I saw Ivey and read Helmuth, who really is a dickhead. Pretty funny.

okay...

#1 Ivey is not a dickhead. Hellmuth is a dickhead. Matusow is borderline, but more playful and ignorant.

#2 there is chatter on the world wide Inter-web-net that this is fake.

#3 WSOP needs/wants Ivey because he's the polar opposite of dickheadedness.

#4 As an investor and sponsored pro at FTP, Ivey is not legally burdened with day-to-day management of the business.

#5 I've met Phil Ivey, and he's not a dickhead. At all.

Quote: zippyboy

okay...

Matusow is borderline,

Read his book, he's a borderline psycho..

If you believe the rumors that Phil Ivey is part owner of Full Tilt, then I can't blame him for hiding.

If the rumors are false, then he is foolish for not participating in the WSOP.

Frankly, I kinda think this suggests that the rumor is correct.

Quote: zippyboy

#2 there is chatter on the world wide Inter-web-net that this is fake.

ESPN is now covering it http://sports.espn.go.com/espn/poker/news/story?id=6614429

Quote: JimMorrison

ESPN is now covering it....

I think it's more accurate to say that ESPN is reporting it.

"Covering" implies that they are doing some journalistic investigating and/or contributing new information to the story.

Quote: EvenBob

Read his book, he's a borderline psycho..

Yep, I do have his book. Entertaining read, but 3/5 of it is about the ever-shifting buffet of pills his dr. prescribes for him. That......gets really boring. Imagine if your friend who is into Star Trek constantly speaks in Klingon to you. Gets old....real fast.

Quote: zippyboy

Yep, I do have his book. Entertaining read, but 3/5 of it is about the ever-shifting buffet of pills his dr. prescribes for him. That......gets really boring. Imagine if your friend who is into Star Trek constantly speaks in Klingon to you. Gets old....real fast.

He's totally involved with himself to the point of mania. Not a fun guy to be with.

Quote: JimMorrison

it's not their fault the gestapo in the Justice Dept did this bullshit

It's the cops fault when you get caught breaking the law?

Quote: kp

It's the cops fault when you get caught breaking the law?

In this case and many others I feel the law is on the wrong side of things. Who gives a shit if a completely legal online poker site from a UK territory allows US customers to sign up? It's about clearing out the competition so Vegas can get in on it. And I think it's bullshit.

Quote: JimMorrison

In this case and many others I feel the law is on the wrong side of things.

I got pulled over for running a stop sign. I told the cop I thought it was a stupid place for a stop sign. Guess how much that helped my case?

I think this whole case sucks.
I think people should be able to play online poker.
I think there should be safeguards to prevent criminals and terrorists from money laundering.
I think there should be safeguards that would prevent online casino scams (like yesterday's thread).
I think the DOJ gives a rats ass about what I think when it comes to deciding their actions.

To my knowledge the Wire Act, which the DOJ relies on to bully the public, has never been tested for online poker, am I wrong? Hwoever they are going after the sites that violated UIGEA which only involves the payment process, not the act of playing poker itself.

Quote: JimMorrison

I think it's bullshit.

Do the bank fraud and money laundering charges fall under that, too?

Everyone has an opinion.. gotta love the internet! unless your in the public eye. and if you are , you better have thick skin and close your ears...

that being said, i think phil is a great player and is living his life the way he wants.... mostly because of all of the 'F U Money' that full tilt has been paying him over the years. Now he has the audacity to sue them. are you kidding me. He had a free ride. 1% of the company from my understanding, and bringing home anywhere from 20 to 40 million a year just by having his name associated with the company. He and a few others. That money was untaxed, illegal, and basically allowed him to walk up to craps tables and drop a million at a pop with no sweat. It also allowed him to play fearlessly with other poker players because phil wasnt afraid to lose a million on a hand... when others would crumble and fold.

the lottery days are over. thats why he is so pissed. he went through a divorce and the FU checks arent coming in anymore. now he wants to sue full tilt for 'others to get paid'. what has this world come to. are we all that stupid? he is walking on thin water because if this does go to court, all of the money laundering and back door deals are going to come out of the wash. unless, of course, the officials are paid off too, which wouldnt surprise me. we are talking major 'FU' type money.

How could a company in CA, which Jesus Ferguson and others started in order to process funds from full tilt to us citizens like ivey and others to make it look legit, how could they not get in trouble? Thats in your face laundering! Somebody is getting paid off to close their eyes. Gov officials included.

He should just fold and live another day.

Quote: WatchMeWin

Everyone has an opinion.. gotta love the internet! unless your in the public eye. and if you are , you better have thick skin and close your ears...

that being said, i think phil is a great player and is living his life the way he wants.... mostly because of all of the 'F U Money' that full tilt has been paying him over the years. Now he has the audacity to sue them. are you kidding me. He had a free ride. 1% of the company from my understanding, and bringing home anywhere from 20 to 40 million a year just by having his name associated with the company. He and a few others. That money was untaxed, illegal, and basically allowed him to walk up to craps tables and drop a million at a pop with no sweat. It also allowed him to play fearlessly with other poker players because phil wasnt afraid to lose a million on a hand... when others would crumble and fold.

the lottery days are over. thats why he is so pissed. he went through a divorce and the FU checks arent coming in anymore. now he wants to sue full tilt for 'others to get paid'. what has this world come to. are we all that stupid? he is walking on thin water because if this does go to court, all of the money laundering and back door deals are going to come out of the wash. unless, of course, the officials are paid off too, which wouldnt surprise me. we are talking major 'FU' type money.

How could a company in CA, which Jesus Ferguson and others started in order to process funds from full tilt to us citizens like ivey and others to make it look legit, how could they not get in trouble? Thats in your face laundering! Somebody is getting paid off to close their eyes. Gov officials included.

He should just fold and live another day.

Oh it is JL. You have been pretty controlled but I wondered.

Quote: kenarman

Oh it is JL. You have been pretty controlled but I wondered.

The sig didn't give it away?:-)

Quote: kenarman

Oh it is JL. You have been pretty controlled but I wondered.

I called this guy being JL a week ago at the McNuggets eating contest. So pathetic that he needs attention so bad that he keeps coming back to a place he is unwanted. Then again he probably doesn't know what it's like to be wanted so I guess you could say he doesn't know any better at all.

Quote: kp

I got pulled over for running a stop sign. I told the cop I thought it was a stupid place for a stop sign. Guess how much that helped my case?

I think this whole case sucks.
I think people should be able to play online poker.
I think there should be safeguards to prevent criminals and terrorists from money laundering.
I think there should be safeguards that would prevent online casino scams (like yesterday's thread).
I think the DOJ gives a rats ass about what I think when it comes to deciding their actions.

I agree
I agree
Never heard of a terrorist laundering money on a poker site but I guess it could happen. Money laundering laws are bullshit in my opinion though.
Safeguards is another word for regulation and I'm fearful of over regulation in anything. Less government in our lives the better.
I agree

you got the wrong guy.. im not jl.

I think FTP mis-managed their money, paid off certain Player's losses, spent too much on adverts and face-recognition/sponsorships.
If the DoJ wants to stop USA moneyflow in/out of Internet Poker, they are right to do so. Show a tax-receipt for winnings/losses at on-line gaming.
What... no receipt? NO PLAY.
Taxes, taxes, taxes, and did I mention its all about collecting taxes.

BP&M all you want, its unfair, poker should be legalized.
OK, pay your income taxes on it !

No tax collection = no play. Plain and simple.

N&B

Quote: NandB

I think FTP mis-managed their money, paid off certain Player's losses, spent too much on adverts and face-recognition/sponsorships.
If the DoJ wants to stop USA moneyflow in/out of Internet Poker, they are right to do so. Show a tax-receipt for winnings/losses at on-line gaming.
What... no receipt? NO PLAY.
Taxes, taxes, taxes, and did I mention its all about collecting taxes.

BP&M all you want, its unfair, poker should be legalized.
OK, pay your income taxes on it !

No tax collection = no play. Plain and simple.

N&B

Or we could be a civilized country like the UK and not tax gambling winnings. Tax and spend liberals annoy me to death. I'd rather keep my money, I think I do a better job with it that the government.

Quote: JimMorrison

Or we could be a civilized country like the UK and not tax gambling winnings. Tax and spend liberals annoy me to death. I'd rather keep my money, I think I do a better job with it that the government.

Gambling has been tax free here since I was a child, if it can work here, it can work anywhere.
The government just loves the money, any idea how much would be lost if they didnt tax winnings?
They would be loooking to recoup it somewhere is my guess.
Some people DO pay tax on winnings in this country, but they are self-confessed professional gamblers.
When I asked Inland Revenue to clarify, they said if you can support your lifestyle from an income that is taxed any winnings are tax free, otherwise you pay standard income tax on your winnings. So living in a £3M home, driving a £100k car and having a newspaper delivery round is not acceptable when your winning £100-200k a week at poker.

"When I asked Inland Revenue to clarify, they said if you can support your lifestyle from an income that is taxed any winnings are tax free, otherwise you pay standard income tax on your winnings. So living in a £3M home, driving a £100k car and having a newspaper delivery round is not acceptable when your winning £100-200k a week at poker."

So at some point, there is a test as to which source of income prevails, and that shall be taxed... one would therefore owe the difference if the poker-play prevails over the "regular" income. Thus it behooves the poker-player to have or establish some accurate accounting of the sources of income.

N&B