KLAW 101 - Oklahoma's Best Country » online poker http://klaw.com Oklahoma's Best Country Wed, 22 May 2013 01:45:03 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 Is the Full Tilt Poker Site Just a Massive Ponzi Scheme? http://klaw.com/full-tilt-poker-ponzi-scheme/ http://klaw.com/full-tilt-poker-ponzi-scheme/#comments Wed, 21 Sep 2011 13:48:05 +0000 Danny Groner http://tsminteractive.com/?p=48101 Full Tilt Poker, one of the Internet’s most popular poker sites, operated “as a massive Ponzi scheme against its own players,” alleges Manhattan’s US attorney.

The allegations come as part of a civil money laundering complaint claiming that funds the site raised went to pay members of its board of directors, which includes poker pros Howard Lederer and Christopher “Jesus” Ferguson. The board is reported to have taken $440 million since April 2007.

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