For a few months now, there have been whispers that Pokerstars would buy out Full Tilt Poker for a whopping $731 million, which would have been a huge step towards getting players from the United States their money back. Well today, that news has become official, and poker players around the country are rejoicing.
In case you don’t know the story, last April, the Department of Justice banned all online poker in the United States, saying they were doing an investigation of the money that the websites were making. Pokerstars quickly settled with the government, and paid their players right away, but FTP was not able to. It was later revealed that the primary share holders of FTP, Howard Lederer, Chris Fergueson, Rafe Furst, and Ray Bitar, were running a Ponzi scheme of sorts, and had taken most of FTP’s money for themselves. This left US players high and dry, with many of them having hundreds, if not thousands of dollars, frozen online.
One of the biggest victims of this scheme from Full Tilt was poker pro Blair Hinkle. It is rumored that he had over $1 million dollars on Full Tilt that he had no access to. Want to find out what it looks like to wake up to someone telling you that you will have $1 million?