More details about pros' debts to Full Tilt Poker emerge

Additional details about a number of poker pros' debts to Full Tilt Poker have emerged today. Anonymous sources claim that Phil Ivey and Erick Lindgren owe the company $4 million each.

Groupe Bernard Tapie this morning revealed that a number of well-known pros owe Full Tilt Poker a substantial amount of money, and that the debts could represent a serious obstacle to the investor group's plans to relaunch the company.

According to GBT lawyer Benham Dayanim, players such as Phil Ivey, Layne Flack and Barry Greenstein are all among those in debt to Full Tilt, and it now emerges that some owe as much as $4 million each.

The information comes from an unnamed source, who told CardPlayer Magazine that the total debt owed to Full Tilt Poker amounts to $18 million.

Of this amount, Phil Ivey and Erick Lindgren each owe Full Tilt $4 million, while David Benyamine and Layne Flack owe $2 million apiece.

Mike Matusow also owes an undisclosed but smaller amount, while Barry Greenstein this morning confirmed that he borrowed $400,000 from Full Tilt that he has still to pay back.

The source additionally said that the debts are on the books, and that Groupe Bernard Tapie has known about it for several months.

According to the provided information, the group could take legal action to recover the money, possibly through payment plans once Full Tilt Poker's sale is finalized.

However, retrieving the full amount from some of the named players could prove "extremely difficult," the source said.

So far, the only player to respond to the claims is Barry Greenstein, who issued a statement to Groupe Bernard Tapie on the Two Plus Two forum.

In this, Greenstein acknowledged his debt of $400,000 to the company, but said that he will only pay back the money if it goes into a fund to repay Full Tilt Poker's American players.

Black Friday, PokerStars, Full Tilt Poker, DOJ, Groupe Bernard Tapie

May 15th, 2012

PokerStars, Full Tilt Poker and the Department of Justice are reported to have reached an agreement on paying back Full Tilt Poker players after a recent court hearing. An announcement will be made at the end of this month, the report says.

Leaked email hints Tapie comeback under new brand

FTP, Full Tilt Poker, Groupe Bernard Tapie, Laurent Tapie, Pocket Kings

May 2nd, 2012

A leaked email to Pocket Kings employees in Dublin indicates that Laurent Tapie is not completely done with the online poker industry. In the mail, Tapie claims that he now aims to launch a brand new brand if he can get the support of former FTP key staff.

GBT lawyer: "We were prepared to go with FTP deal"

Black Friday, Full Tilt Poker, Groupe Bernard Tapie, PokerStars, Benham Dayanim

Apr 30th, 2012

Groupe Bernard Tapie lawyer Benham Dayanim has denied allegations that the investor group was hesitant in finalizing the takeover of Full Tilt Poker. The group was prepared to move ahead but was obstructed by the DoJ, Dayanim claims.

Comments

ProBlackbird

of PokerOwned Sharks

279

4 months ago

Well, this news become both good and bad .

I expect some better news.

crash899

of RollBusters.com

554

4 months ago

Any day and steal they have other problem. The big question in this moment if they will be reopened or not? For me FT was the only poker room where i have account but no deposit

y2icon

of Icons

3122

4 months ago

Another dark cloud over Full Tilt. Why did Barry borow 400k..... giving away books getting expensive?

Roocius

of KNIGHTS II

633

4 months ago

Its always good to borrow money when you think that you can keep it and not to give it back or you know more that others

Punter4444

of We are ONE

818

4 months ago

Full Tilt in full trouble dunno wats gonna happen next 18 million $ is a lot of cash

dracosul

of Dracosul

717

4 months ago

Borow 200.000$ from Fultilt omg and y personaly considered phill ivey in top3 player on the world shame for those kind of guys

pokerandu

4 months ago

Maybe they heard something before the closure of FTP and they thought that it could be a great idea to take some money for themselves :P :))

AAChipMagnet

171

4 months ago

Well screw the Ivey's of the world. WhyTF are they borrowing money from FTP? don't they have enough of their own money already? I thought these guys were profitable players?

bOyA

of Cocaine Inc.

705

3 months ago

Have you seen that guy gamble? He's known to lose millions on sports bets, craps, and other casino games. Personally, I think a lot of these pros would be broke if FTP didn't bail them out.

samuraislim

of Icons

463

3 months ago

Even all the greats of other sports lose big in casinos. They are addicted to winning. In some circumstances it makes them the greatest ever. Jordan, Tiger, Barkley, Ivey. You cant beat the house ever.

benspocket

of Lowrollers Poker

778

3 months ago

Well that might be true about the pro`s , but that doesn`t give ftp the right to keep us small players money and not even say anything about giving are money back to us, i guess we just peons to them

alldaywb

3 months ago

Thats nice, no wonder why I never one on that site.

wooo

397

3 months ago

And to think ivy put on a song and dance about not playing in the wsop becos fulltilt wasnt paying out small players accounts....
paint himself as an angel to help the small guy....
its the devil that does that...
the guy suks big time

Edited by wooo 3 months ago

madevgenii

of Amkar

215

3 months ago

It's funny to watch when influential people in poker does not want to pay their bills

PTOAligator

of RollBusters Grinders

3 months ago

Well i hope they will finnaly open FullTilt poker room again also i hope USA players could play again on ftp but the verification should be more tight ;) well this is my option but who cares.

MrDignified

3 months ago

I have always liked Barry Greenstein and his track record of donating any and all tournament winnings to charity. His stance on repaying Full Tilt only if the money goes into a fund to repay US players is further proof of his character. Thank you sir for playing the game, and life with decency and honor.