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FULL TILT PONZI: DID JESUS AND THE PROFESSOR DEFRAUD FANS?

On April 15 of this year, federal prosecutors brought charges against poker websites PokerStars and Full Tilt Poker accusing them of running illegal gambling sites and closed down most online gambling websites. However, this week things have gotten worse for Full Tilt. While PokerStars was able to return $120 million dollars in frozen player’s accounts, Full Tilt Poker has not. Tuesday a complaint was filed by the government accusing the Full Tilt Poker, including famous players Howard “The Professor” Lederer and Chris “Jesus” Ferguson, of lining their pockets with money from players’ accounts before it was lost. While players were under the impression they could have their money returned at any time, Full Tilt is alleged to have taken over $400 million out of the site over the years, currently leaving $60 million to pay for $390 million in players’ accounts.

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About Nerds in Court

John G. Nowakowski, Esq. (LLMT), is a graduate of the University of San Diego School of Law, and is licensed to practice law in California and Nevada. Christina R. Evola, Esq. is a recent graduate of the University of San Diego School of Law where her studies focused on intellectual property, antitrust, and media law. She is a lifelong gamer and avid cosplayer. DISCLAIMER: ‘Nerds in Court’ is for entertainment purposes only. Nothing should be construed as legal advice, or any advice for that matter, and no attorney-client relationship is formed by reading these posts. Do not consider information provided here as a substitute for obtaining legal advice from a qualified, licensed attorney in your state.

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