Poker pro Andrew Feldman loses court battle

Posted by Steve Ruddock on Jun 11, 2010 Posted in Poker Player News | No Comments »

In one of the stranger poker stories –and that is saying quite a bit as anyone who follows poker knows—professional poker player, and Full Tilt Poker sponsored pro, Andrew Feldman has lost his court case in the UK. Feldman filed suit against Rabbi Simon Nissim after Nissim lost some £136,000 of Feldman’s money betting on the stock market.

Apparently Nissim was placing bets for Feldman on his account, with Feldman covering any losses, as well as reaping any profits –Nissim was also betting his own money along with Feldman’s. Feldman claimed that Nissim was not authorized to place so many bets (77 in just a few hours), but Deputy High Court Judge Richard Snowdon ruled that: “The undisputed facts provide more than sufficient grounds upon which to conclude that Mr Feldman agreed to indemnify Mr Nissim and acknowledged that the amounts claimed by Mr Nissim fell within the scope of the agreed indemnity.”

Feldman, has a history with losing big amounts of money –he notoriously blew his entire poker bankroll in a single day, some $100,000 when he was 18 years-old—and the deal with Nissim was born after a terrible week of poker in 2008 where the poker pro lost some $700,000 – $800,000.

On top of being out £136,000, Feldman will also have to pay an additional £20,000 in court fees; a real bad beat.

Tags: , , ,



Leave a Reply

Promotional News

$5 Free to play rummy RummyRoyal.com giving away a Free $5 to new players
Online Rummy players can take advantage of an exciting new promotion a …
Read more

lock-Exlusive Lock Poker announces new exclusive tournament schedule
The Revolution Gaming Network has overhauled their tournament schedule …
Read more

WINNER Receive $10 Free from Winner Poker
Winner Poker is now offering new players at the site a free $10 deposi …
Read more

tom dwan viktor blom New Full Tilt VIP Program targets high-volume players
After recently dropping to #4 in the traffic rankings, according to po …
Read more