arahel_jazz
Unbalanced and Committed
Silver Level
Yeah - Chris Ferguson is a saint... to the tune of 14 Million dollars.
dmorris68
Legend
Loyaler
http://www.reddit.com/r/poker/comments/107f4g/the_lederer_files_30_truth_30_plausible
Very interesting AMA from a former FT employee. BTW the documents posted as verification of his insider status are quite interesting. Things like Security Team documents on how to investigate and deal with fraud and collusion and stuff.
Nutshell is he says HL is semi-honest about most things and truly wasn't in a position to know much of what was going on especially after the Dublin move, but calls BS on other things such as feigning ignorance about how they were skirting banking rules. And also obviously as a senior board member he was in a position to do more to get things under control than he did.
Juanda's twitter is also hopping with him refuting some of the things HL is saying.
Very interesting AMA from a former FT employee. BTW the documents posted as verification of his insider status are quite interesting. Things like Security Team documents on how to investigate and deal with fraud and collusion and stuff.
Nutshell is he says HL is semi-honest about most things and truly wasn't in a position to know much of what was going on especially after the Dublin move, but calls BS on other things such as feigning ignorance about how they were skirting banking rules. And also obviously as a senior board member he was in a position to do more to get things under control than he did.
Juanda's twitter is also hopping with him refuting some of the things HL is saying.
Debi
Forum Admin
Administrator
Can you share some details on those documents? I don't want to install the system that would allow me to dl them.
dj11
Legend
Loyaler
In part 7, HL talks about the mechanics involved in finalizing the Stars deal, how it was touch and go, and why it didn't happen last year. He talks about how it affected his lifestyle, and why he kept silent until now.
Overall my first concerns about a bias, one way or the other, never bore out. All in all this was a very good informative Q&A about the historical significance of this event pretty much from start to now (is it really finished?).
Kudo's to the interviewer, and HL for getting this into the community.
Only thing that could be better is for each of the primary participants to do something similar. We can only hope.
Hopefully HL can return to his first love....poker.
Overall my first concerns about a bias, one way or the other, never bore out. All in all this was a very good informative Q&A about the historical significance of this event pretty much from start to now (is it really finished?).
Kudo's to the interviewer, and HL for getting this into the community.
Only thing that could be better is for each of the primary participants to do something similar. We can only hope.
Hopefully HL can return to his first love....poker.
dmorris68
Legend
Loyaler
I didn't install anything to download them, you probably clicked on one of the big glaring paid download links instead of the usual buried free download link. Or I used a different site link -- the OP link had reached its limit for free downloads, but 2 or 3 posts in someone posted another link that worked for me. If you can't get that to work I'll find a place to put them.
At work right now and don't have them in front of me, but it was basically a big collection of files and folders where they kept training manuals and procedures, templates for the ubiquitous canned emails, PowerPoint presentations, etc.
EDIT: I see the OP has been edited with some of the alternate download links, did you try those? The one I used was the sendspace one. If none of those work, let me know and I'll get it to you when I get home.
moots
Min-cash specialist
Loyaler
This link should work. You should be able to view the docs without downloading anything:
http://www.slideshare.net/FrankSobotka/documents
dmorris68
Legend
Loyaler
On the sendspace link, ignore all the big download buttons and click the link at the very bottom that says "Click here to start download from sendspace." That is a direct download link to a 7-zip archive called stuff.7z that you can unzip with the password "scumbagFTP"
These free file hosting services always bombard you with those glaring download buttons that are either ads for other download services or point you to premium paid services. The actual free download link is usually buried or unobtrusive, like this one. Their goal is trick unwary people into clicking a bunch of paid ads so they get the referrals/impressions, or even trick really naive people into paying for a download they could get for free.
Now when you click the download link, it might also pop up another window offering some other download manager or something, you can ignore that. You should get a standard file download prompt to save stuff.7z to your local drive, like any other download. Again, if you have more trouble I can get you the archive.
If you have any real desire to study or just hang on to these (as I did if for nothing more than as a curiousity) I'd avoid depending on the slideshare link. It's an individual's account and who knows how long it'll be up or if it even contains everything in the archive.
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dj11
Legend
Loyaler
The 'parts' are only for our convenience. The whole interview dealt with the process from discovery of some serious problems thru the sale to Stars. At no point did HL say "this is the seed of the problem", then describe that seed.
He did describe a series of events experienced by a group of people who were sort of in way over their heads by the meteoric growth of the company. For the most part all of them were poker players and not Corporate Exec's experienced in growing a company responsibly.
Many of the rumored big loans to insider players were not discussed in detail. HL touched on a few of them. And in general, the size of those loans does not match the rumors we were hearing about back then.
The biggest problem (IMHO and extrapolated) was caused by the UIGEA and it's eventual effect on how FT collected money once players deposited. The perceived notion that all sites had to dodge things via payment processors made things difficult. Apparently depositing was also handed by processors and some honesty issues arose that was a direct result of the UIGEA rules. Again, much of that is my extrapolation of things as I see them, and is only my (now more) informed opinion. But, in defense of informed opinions, that is how court cases in front of juries are decided .
Things at FT apparently, according to HL, got very tense and muddled early on after BF, and while he didn't say so explicitly, there was an inference about how that state of civility effected the events of those days. He did say that in his opinion, that civility had deteriorated to the point where little if anything could be agreed on. He did infer a damned lawyers attitude.
jaymfc
R.I.P DJ & Buck
Loyaler
sounds like your on the defense team , is that for just Howard or all of them ? I agree with your side but still need to know about the others (esp. chris and ray )and truly hope they were all just in over their head too .
but no matter what , I think they still owe us something . first an explanation .
then the entire board should throw a series of million dollar freerolls for all real money players who had money in their accounts on BF . give 10% back of money paid them in 2011
$1 million for each $10 million earned from FTP in 2011 is fair and would be many freerolls for us to forgive them . I think that might be 5 from ray , 5 from Chris , 5 from Howard and then on down the line with under 10 mil a walk are any of them still playing poker in public ?
would love to hear some of the minutes from any post BF FTP board meeting .
Cheers dj
Someone on 2p2 has also provided cliffs in this video
http://www.youtube.com/watch?v=NkZrFSQkM2M
lol loved it and and don't know but don't think any don't knows were used more then once , but as I said I really don't know so I would just be speculating .
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Debi
Forum Admin
Administrator
beardyian
Scary Clown
Bronze Level
Charade You Are
you can call me Frost
Silver Level
Pokerfuse has compiled a list of related articles, posts, rebuttals, etc.
The Lederer Files: Index of Videos, Articles and Blog Posts
The Lederer Files: Index of Videos, Articles and Blog Posts
4thandinches
Enthusiast
Silver Level
Howard Lederer has NO credibility at this point. He should have addressed the Full Tilt members IMMEDIATELY after the scandal was uncovered. Phil Ivey is also a disgrace for not IMMEDIATELY becoming pro-active in trying to get the issue resolved. Crawling back under their rocks after the scandal become public says all you need to know about these criminals.
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