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Full Tilt Poker a Ponzi Scheme

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Old 09-23-2011, 02:01 PM   #1
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Full Tilt Poker a Ponzi Scheme

After playing thousands of hands at PokerStars and FullTilt, I eventually realized their software was rigged. Turns out the sketchiness doesn't stop there...

Feds: Full Tilt Poker site was Ponzi scheme - WSJ.com

Luckily I got out with some profits. Unfortunately the $100 I still have sitting there is likely gone forever. And it was earmarked for a Warpath donation!!
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Old 09-23-2011, 02:18 PM   #2
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Re: Full Tilt Poker a Ponzi Scheme

Ouch, sorry man. If it makes you feel any better I wasted a little over 20 bucks trying out one of those penny auction sites, I think it was Beezid.com (I actually posted a thread about it somewhere on here). There's one in the news now because not all of them are legit, a lot of people are complaining about not receiving products, etc. The internet has its' shady corners.

One of my friends' mom was addicted to the online poker sites, I'm sure she's devastated by this. It sucks but you gotta be careful what you get into on the web.
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Old 09-23-2011, 03:16 PM   #3
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Re: Full Tilt Poker a Ponzi Scheme

in china they they execute people for fraud. just saying.
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Old 09-24-2011, 08:16 PM   #4
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Re: Full Tilt Poker a Ponzi Scheme

LOL...it's the internet....a series of tubes no one knows where it may lead. If you want to play poker just go to your local casino, if you don't have one then go to vegas couple of times a year. Pretty simple.

People are too trusting of internet ventures.
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Old 09-25-2011, 09:07 AM   #5
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Re: Full Tilt Poker a Ponzi Scheme

Quote:
Originally Posted by CrazyCanuck View Post
After playing thousands of hands at PokerStars and FullTilt, I eventually realized their software was rigged. Turns out the sketchiness doesn't stop there...

Feds: Full Tilt Poker site was Ponzi scheme - WSJ.com

Luckily I got out with some profits. Unfortunately the $100 I still have sitting there is likely gone forever. And it was earmarked for a Warpath donation!!
How did you realize their software was rigged?
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Old 09-25-2011, 02:00 PM   #6
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Re: Full Tilt Poker a Ponzi Scheme

LOL, there are some smart criminals out there!
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Old 09-25-2011, 09:22 PM   #7
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Re: Full Tilt Poker a Ponzi Scheme

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Originally Posted by htownskinfan View Post
How did you realize their software was rigged?
Don't have any proof, just experience playing tons of hands and tournaments. It's not cheating per se, more like a player handicapping system. I still made profits and Pokerstars did pay me promptly.
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Old 09-29-2011, 05:19 PM   #8
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Re: Full Tilt Poker a Ponzi Scheme

Full Tilt Poker's gambling license revoked over finances - ESPN

License: revoked
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