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

Written by:
C Costigan
Published on:
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   

Poker News

Latest Poker News

Welcome to our new Poker News blog, all the latest tournament, player and juicy stories related to the game.

2019 Rock ‘N’ Roll Poker Open Kicks Off November 20

2019 Rock ‘N’ Roll Poker Open Kicks Off November 20

As Seminole Hard Rock Hotel & Casino Hollywood gets ready to celebrate its grand opening on Oct. 24, the integrated resort is also gearing up for tournament poker when the Seminole Hard Rock “Rock ‘N’ Roll Poker Open” (RRPO) returns Nov. 20 – Dec. 4, 2019. This year’s series features 27 primary events and 40 satellites, kicking off with a $400 buy-in Deep Stack NLH (Re-Entry) with a $1 Million Guarantee and headlined by a $3,500 RRPO World Poker Tour (WPT) Championship boasting a $2 Million Guaranteed prize pool. The final table for the championship will take place on Wednesday, Dec. 4 and will be livestreamed.

Will iPoker Be the Next to Shut Down?

Will iPoker Be the Next to Shut Down?

In the wake of the Microgaming Poker Network (MPN) announcing its upcoming shutdown in the next few months, rumors have begun swirling that iPoker could soon be next.

Poker Room Pulls Plug on Live Streaming in Wake of Postle Cheating Claims

Poker Room Pulls Plug on Live Streaming in Wake of Postle Cheating Claims

Stones Gambling Hall in Sacramento, California has opted to stop offering live streaming of poker games in the wake of cheating allegations that have engulfed the world of poker in recent days.

Poker Pro Mike Postle Accused of Cheating Man With Terminal Cancer

Poker Pro Mike Postle Accused of Cheating Man With Terminal Cancer

Poker pro Mike Postle has come under fire for apparently cheating during live streams and, as if that weren't enough, he may have cheated someone that was dying from cancer.