The past weekend was a memorable one for Steven Albini as he won his very first WSOP bracelet in Event #31 $1,500 Seven Card Stud, taking home a nice sum of $105,629. He managed to overcome a player field of 310, outlasting a stacked final table that included the likes of two-time bracelet winner Frankie O'Dell, and two six-time bracelet winners Chris Ferguson and Jeffrey Lisandro.
Seven years after the Black Friday, an event that shook the poker world with poker's big three (Full Tilt Poker, PokerStars, and Ultimate Bet) getting indicted, Chris Ferguson finally re-emerged issuing an apology for his role in it.
On Wednesday, poker pro and former Full Tilt owner Chris "Jesus" Ferguson won his 6th WSOP bracelet and €39,289 in WSOP Europe Event #7 €1,650 POT-LIMIT OMAHA HI-LO 8 OR BETTER.
The event, which was played at King's Casino in Rozvadov, Czech Republic attracted a field of 92 players who battled it out over 2 days of play. While big stars such as Phil Hellmuth and John Racener were eliminated just before the money (14 players got to share the entire prize pool), Ferguson reached the 8-handed final table in 5th place.
There were mixed emotions when Chris Ferguson showed up last week at the World Series of Poker. Many of the players were not happy to see him returning. Nevertheless, there were some who urged him to come clean and tell his side over what happened at Full Tilt Poker.
The U.S. Department of Justice (DOJ) has now hired a Claims Administrator, Garden City Group, and claims that U.S. players soon will be able to make claims. According to one news site, about 1.3 million players are still waiting for their money since Black Friday (April 15, 2011) and the amount owed is about $159,000,000.
PokerStars purchased Full Tilt Poker for more than $730 million in July 2012 - the amount included money for the DOJ to repay U.S. players. Three former Full Tilt Poker managers/owners have settled their civil cases with the government since then: Rafe Furst, Howard Lederer and Chris Ferguson. Former CEO Ray Bitar still faces several charges and might spend the rest of his life in prison.
Click here to visit the Full Tilt Poker claims site.
On Tuesday, Chris Ferguson's attorney, Ian J. Imrich, revealed that Ferguson filed for a settlement with the United States Court Southern District of New York. Here are some "highlights" of the settlement:
Ferguson to hand over at least $2,350,000, along with "all funds in the Ferguson Account (the "Ferguson Account Funds")." I don't know what the figure in those accounts would be. At one point the government was seeking $42mm from Ferguson.Read more » Chris Ferguson Settles Black Friday Charges
Howard Lederer, the former Full Tilt Poker president, settled with the U.S. District Court in New York on Tuesday the 18th of December. Lederer agreed to pay more than $2.5 million to settle the civil suit that was brought on him by the U.S. government.
According to Bluff Magazine, "Lederer will turn over to the government two bank accounts of unknown value, a 1965 Shelby Cobra roadster, two Las Vegas properties with a combined value of approximately $975,000 and an additional $30,000 traceable to the sale of a third Las Vegas property".
In addition, "Lederer also agreed to pay the government a two-part money judgment, comprised of a civil money laundering penalty of $1.25 million and an additional $168,000 that will be liquidated from certain of Lederer’s other bank accounts. The money laundering penalty is payable in two installments, due 18 months and 36 months from now, and is secured by Lederer’s two remaining Las Vegas properties".
With Lederer's settlement, two of the four people that was "personally named" in the Black Friday case against Full Tilt has reached an agreement with the court. A few weeks ago, the former director Rafe Furst settled his case with the U.S. District Court in New York by paying a $150,000 penalty.
Chris Ferguson and Ray Bitar's cases remains pending.
In the latest edition of the Weekly Rant, Daniel Negreanu talks about the upcoming 2012 World Series of Poker and changes that have been made, golf, what he thinks about ballerina shoes, Howard Lederer and Chris Ferguson, and more.
Daniel Negreanu posted a video blog yesterday in which he talks about Full Tilt Poker and Black Friday, and some other stuff. It's not very often you see Negreanu pissed off, but when it comes to how Howard Lederer, Chris Ferguson and Ray Bitar have handled things after Black Friday, Negreanu doesn't hold back his anger.
Chris "Jesus" Ferguson and Howard "the Poker Professor" Lederer are now getting further involved in the Full Tilt Poker scandal. Together with a few other persons in the Full Tilt management they are accused of taking 440 millions from their players and to have put them in their own pockets.
The poker giant Full Tilt Poker is being investigated by a federal jury in Manhattan at the moment. The main owners of Full Tilt Poker, Howard Lederer and Chris Ferguson are 2 named persons in the investigation. They are accused of money-laundering and breaking the american gambling laws.
According to Nelson Rose, an author of books on gambling law, the government is trying to make example on Howard (right) and Ferguson (left) because they are both 2 well-known faces in the poker world.
125 players made it to Day 2 of World Poker Tour in Cyprus. Of those 125, only 64%, or 55 players survived to Day 3 of the tournament. Among the survivors we find Full Tilt pros Allen Cunningham, Andy Bloch, Chris "Jesus" Ferguson, along with the overnight chip leader, Nenad Medic. Unforutunartly the 4 players (Phil Gordon, John Tabatabai, Jan Skampa and Ludovic Lacay) with the biggest stacks as Day 2 started, were sent packing.
Day 3 of the tournament has now been running for a while now and at the moment there are only 47 players left. Nenad Medic is still the chip leader, he has around 360,000 chips at the moment. On second place and ninth place we find Full Tilt pros Roy Winston and Huck Seed. It will be very interesting to see if any of the big names will make it to the final table.