On Tuesday a settlement was reached between Howard Lederer and the United States Department of Justice (DOJ) stemming from the amended civil charges Lederer faced for his role as an owner and executive at Full Tilt Poker. The amended civil complaints against Lederer, Rafe Furst and Chris FergusonRead Full Article
The news came one day later than expected, but given the official announcements that have been hitting the Internet in the past few minutes it appears that the nightmarish run for Full Tilt poker players in the aftermath of Black Friday is coming to an end. Thed newsRead Full Article
It appears all of last week’s talk about Chris Ferguson single-handedly holding up the sale of Full Tilt Poker to Groupe Bernard Tapie (a deal being brokered by the United States Department of Justice) was off the mark, as it came to light today that player loans fromRead Full Article
The Federal Wire Act of 1961 has been used for years by the United States Department of Justice as a tool in their fight against online poker. For year, it has been interpreted to mean that online gambling and poker is illegal. That changed earlier Friday when theRead Full Article
Unless you have been living under a rock, you know that on Tuesday, the United States Department of Justice issued a modified civil complaint that included Howard Lederer, Chris Ferguson, and Rafe Furst. Furthermore, it was revealed that Full Tilt not only had a shortfall of funds forRead Full Article
On Wednesday Full Tilt Poker released their second statement in recent weeks, this time detailing the current financial plight of the company, and detailing some of the steps the company is taking in order to remedy the situation. The statement was issued to PokerStrategy.com –whereas the first statementRead Full Article