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Jeff Ifrah’s Last Stand: “I Plead With All of You To United” Regarding Full Tilt Poker, AGCC

Written by:
C Costigan
Published on:
Sep/21/2011
Full Tilt Poker

An attorney for Full Tilt Poker claims that an investment group is waiting in the wings to purchase Full Tilt Poker, but any negative ruling by the Alderney Gambling Control Commission (AGCC) will result in “failure” to seal any deal that might currently be on the table. 

The AGCC is in talks with Full Tilt Poker lawyers to determine the fate of the company after the Commission yanked its license on June 29.  On Tuesday, the US Justice Department announced an amended complaint against three of Full Tilt Poker’s professional players who they say owned stakes in the disgraced company while orchestrating an elaborate ponzi scheme. 

Ifrah in the past has talked about the prospect of “investment groups” with nothing yet coming to fruition.

A statement was issued by Ifrah, a former attorney for Greenberg, Traurig:

Right now it is important to encourage the AGCC to delay any ruling for a minimum of 30 days in order to permit a timely transition to a new ownership structure. The AGCC is aware of the identity of the new ownership group. It does not involve anyone associated in the slightest way with the current FTP membership. I plead with all of you to do this and unite in this one effort. A negative AGCC ruling will cause all efforts that have been undertaken to secure this investor group to fail and leave customers in the cold. It is not necessary for the AGCC to issue any negative ruling now. The company is not operating and there are investors truly interested in closing a deal with the company. I can assure you that the investor deal includes repayment of ALL player obligations. We have come too far in these months since Black Friday to let this fall apart now. Please.

Unfortunately, these words will likely fall on deaf ears as Full Tilt has yet to pay any US players since April 15 and no reason has been given for this failure to pay.  Tuesday’s news regarding the alleged “pilfering” of funds hasn’t exactly helped instill confidence in anyone that news coming from the FTP camp has any type of credence.

Sadly it’s become nothing more than “the boy who cries wolf syndrome”. 

- Chris Costigan, Gambling911.com Publisher   

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