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Big name poker players Dan Jungleman and Illya Trincher have filed a court action in an effort to claim their share of Phil Ivey’s World Series of Poker winnings after getting caught in the crossfire Borgata's battle to collect on a legal judgement.
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Ivey’s legal troubles have been well documented over the years. They include winnings confiscated by the New Jerseys Borgata Hotel Casino & Spa due to edge sorting and a similar action at Crockford’s in the UK.
The Borgata, in particular, made it clear they would leave no stone unturned in pursuit of Ivey's assets. These included his World Series of Poker winnings, which the Borgata managed to seize prior to Ivey being able to collect.
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From HighStakesDB.com:
Cates and Trincher stumped up all of the $50,000 buy-in for the Poker Players Championship in a 50/50 deal for any profit once the stake was paid back. As Ivey finished in eighth place for a $124,410 payday, Cates and Trincher argue that they are entitled to $87,205 - the stake plus half of Ivey’s $74,410 profit.
Through the legal firm Chesnoff and Schonfeld, an objection has been filed stating that Cates and Trincher are “the rightful and legal owners of the $87,205”. This is far from legally straightforward though, as Borgata filed the motion to take Ivey’s winnings back in February and it may simply be a case of first come first served for any debt collection.
HighStakesDB points out the inevitable: It's going to be a very long time before we see Phil Ivey playing in a US poker tournament just as long as this debt remains unpaid.
- Nagesh Rath, Gambling911.com
