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Doyle Brunson defends Howard Lederer in new blog post
Doyle Brunson has published a blog update in which he issues a number of statements on the ongoing Full Tilt Poker debacle. Brunson among other things defends former Full Tilt boss Howard Lederer's role in the scandal.
Doyle Brunson has published a new controversial blog post, discussing his view on the Full Tilt Poker scandal.

In the post, Brunson claims to have known about the inner workings of Full Tilt Poker in the period leading up to Black Friday, and says the he doubts that Howard Lederer is to be blamed for the site's demise.

The outrage against Lederer, Brunson writes, is misplaced and should instead be directed against Ray Bitar, who he claims was familiar with all of the details of the evolving scandal.

"The site under Bitars direction started paying the stockholders he dividends as the business grew," Brunson writes.

"He got into trouble and instead of telling the stockholders thought that he could work his way out of the trouble. So he continued sending out the large dividends to the people giving the illusion that everything was alright. Bitar was obviously a very smart guy and things might have worked out but Black Friday happened and everything came to the surface," he adds.

With regards to the roles of Lederer and fellow stockholder Chris Ferguson, however, Brunson claims that the allegations against them are exaggerated and out of place.

"It looks like Bitar, Ferguson and Lederer are taking all the heat. Ferguson had a lot of faith in his friend Bitar. It is widely perceived that Howard Lederer was still heavily involved in running the company even though he retired two or three years earlier," Brunson writes.

"I've been in contact with Lederer the last few months. When someone I've known for years, trusted and respected looks me dead in the eye and says he didn't know about the financial problems, call me a big old Texas sucker because I will believe them. I have not talked to Ferguson but I understand he says what Lederer told me, that they didn't know. There are at least 4 stockholders that own more of FT than Lederer. Where were they? The guilt should be shared IF its true Lederer and Ferguson didn't know of the financial mess," he adds.

Finally, Brunson also denies that he holds any grudges against any of the involved shareholders, and says that he does not want them excluded from the poker world, as it has otherwise been suggested by a number of high profile poker pros, including Daniel Negreanu.

"I don't want to take a baseball bat and crush their grapes and I don't want to keep them from rejoining the poker world. Where do you stop the level of responsibility? I don't know, I only know all of the FT people were my friends and they still are," Brunson writes.

Read his full blog post here.
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By David Michael Barnwell
Poker.org News Editor
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Comments
132
3
3 months ago
Fk this now nobody will be to blame
177
3 months ago
I'm not sure what to think, but it would make more sense that Ray Bitar is more to blame. Lederer and Fergusen always seemed so nice.
66
3 months ago
I hope all the thieves and swindlers of the FTP guide will be put in jail for a long time!Shit team, shit management of their place in the electric chair or gas chamber!
434
3 months ago
If they are so innocent, they should give Tapie their dividends so it can be used to repay players.

Maybe Doyle didn't think of that?
463
3332
3 months ago
Theres more then one guilty party Doyle. Alot of people abused and all the players below them suffered from it.
171
3 months ago
Whatever the case is it really doesn't matter at this point as they will probably never see the light of day in the US again. Most likely the big casinos and other online media giants like Facebook will be in the best position to move right into the online scene of US real money poker and take over.
Edited by AAChipMagnet 3 months ago
64
2 months ago
They should take their precious dividends & repay some of the open accts of online players
that got screwd then if so innicent why not try solve situation instead sitting back doing nothing
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