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.