There has been such a huge scandal surrounding the fact that Members of the Board of Tiltware lined their own pockets at the expense of fans who played at Full Tilt Poker (FTP), it really is about time that everything got sorted out now. Its seems that 2013 might be the year when everything falls into place, the Department of Justice are happy, and online gambling in the USA finally becomes legal. Well…one can only hope. At the centre of the FTP scandal have been Chris (Jesus) Ferguson, Howard Lederer, Ray Bitar and Rafe Furst – well mostly these players have been mentioned.

Rafe Furst has surrendered a Trust Fund held in a Swiss Bank Account (?), plus agreed to pay the DoJ about $150 000 in fines. Howard Lederer knew that the DoJ had set their sights on his mansion, and has managed to stave off the forfeiture of this piece of property by bargaining with the authorities to take something else instead. In fact he has pledged to them, the proceeds from the sale of a property in Twin Palms Circle Las Vegas, as well as traceable proceeds from the sale of his Kingsclear Court, Las Vegas, property. So that is two Las Vegas properties he is down, and there is only something like five to go.

He has also forfeited his 1965 Shelby Cobra , plus funds a Lloyds TSB International account located on the Isle of Man. We have no idea what the amount involved with this transaction is. There is also an additional retirement account which was arranged using FTP funds, and this too has gone to the feds.

Apparently these monetary amount, plus those being surrendered by Raef Furst are going directly into the $184 (or thereabouts) owed to US online poker players; if and when they are able to process their claims with the DoJ. One would however assume that some of the funds paid to them in the FTP sale to PokerStars would have been earmarked for this process. However, we don’t know the finer details of the sale, only how many millions it cost.

It appears that only Ray Bitar and Chris Fergusson have to settle with the DoJ, which might be a faster process now that these two gamblers have fessed up and settled. It certainly goes to show that big money can keep you out of jail, as most of the deals made with the DoJ have entailed, forfeiture of vast amounts of money to admit no wrong-doing, and avoid any future prosecution. This is what PokerStars, Rafe Furst and Howard Lederer are all currently paying for. We suppose they have learned one thing from this – that crime doesn’t pay, but if you can pay, you can also get off the charges.

These charges included but were not limited to "conspiracy to commit bank, and or wire fraud, money laundering, as well as operating an illegal online gambling business." An amendment to the charges also accused these people of misrepresentation in that player funds were "safe and secure" both prior to and after Black Friday.

In the world of online poker – there has been so much drama taking place ever since April 15th last year. That is 15th April 2011 – now more infamously known as Black Friday. We have all heard of Black Friday, but the biggest impact this day probably had was for Full Tilt Poker (FTP). This brand unfortunately had made some huge mistakes in their management of the site, and despite the fact that they had grown into the second biggest online poker operator still doling out services to the USA marketplace; they also crashed the hardest. Sometimes it is true what they say – "the bigger they are, the harder they fall".

Anyway, not to harp on what was a huge misfortune for the FTP brand and thousands, and thousands of members who could not withdraw their funds from the site.PokerStars also took a knock on black Friday, and unsurprisingly bounced right back. This was chiefly because PokerStars was positioned properly to hit the European market hard after the loss of their USA fan-bases, and because they had their fiduciary responsibilities taken care of.

Now after eighteen months and a whole lot of heartache for FTP fans, and owners; their biggest rival in the online poker industry has taken the steps to save their collective bacon. What this also means is that 600 Irish employees, might not all lose their jobs completely.
How is this relevant to two online poker sites?

Well, despite what the rest of the world might think, the world of online poker is no longer a niche product. It has grown into a mainstream industry, together with most forms of online gambling over the past decade and a half. Today more people gamble online than (we would hazard a guess), than gamble in live casinos.

This knowledge tells us that because it is such a huge industry, there must be people employed to help run it. The World Wide Web might be clever, but at this point in time, people still need to be employed to make sure that the job gets done. The Company that provided IT handling and software development for FTP is situated in Cherrywood, Co Dublin, they are called Pocket Kings, and FTP was probably one of their biggest clients. With 600 Irish employees on the job, while we are not sure who will be re-hired, or fired, but at least these jobs are no longer so much at risk. Obviously some staff has already been let go.

The Irish Times, and other Irish-based newspapers have been spreading the news, so, we believe that it is good news.

In another aside, while criminal charges were filed against owners of both Full Tilt Poker, and PokerStars which caused Black Friday, and it is PokerStars that have done the deal with the DoJ, we would love to be privy to what the deal entails. However, we believe that it is highly unlikely that we will ever know what truly went on behind closed doors. PokerStars took a huge gamble, it’s bound to pay off, because gamble is what they do best.

Whether or not it was a huge bluff that PokerStars was buying out what was left of Full Tilt Poker (FTP) remains to be seen. There was massive excitement surrounding this topic just before the World Series Of Poker took place, but now the fuss seems to have died down. Popular opinion has it that the PokerStars/FTP Deal was only pie in the sky, and nothing much more. But of course, just as the possibility of the deal was conjecture, so, too is this opinion; but stranger things have been known to happen.

Discussions do however appear to have faded into the background. Rumour had it that PokerStars had been working with the U. S. DoJ to see if they could realize what Group Bernard Tapie could not. According to certain poker professionals who are in-the-know – these talks have ‘fizzled out’ – were "only hope and nothing more."(Matt Glantz).

Obviously it is wishful thinking for the online poker community to want this matter to be resolved. Any deal that any poker company might make with the US DoJ would have a vested interest for former poker players at FTP. It is no secret that the website was grossly mismanaged, and that millions of dollars worth of player funds were not been paid back to its members. The chances that these members will ever get their money back are indeed incredibly slim, despite the fact that there are half a dozen class action lawsuits still pending against FTP. We know that this deal would have brought some hope to FTP former-members, but there are huge problems involved for any online gambling or other company to attempt to rescue FTP from the morass.

First off we know that FTP’s Ray Bitar has faced the charges for Black Friday indictments, and plead not guilty; but PokerStars founder – Isai Scheinberg has not faced up to any charges, and does not intend to plead. This would probably be a pre-requisite for any DoJ deal, and PokerStars wants to avoid any leadership prosecutions. The Department of Justice (DoJ) is unlikely to decide not to pursue their criminal case against both Scheinberg and executive Paul Tate.

Even more telling with regards any discussion deal is the fact that there is no Federal landscape for online poker in the USA – so there is no ‘nationwide’ environment for PokerStars to get back into. Currently state-by-state individual changing of online poker laws is taking place, but the wheels of power are turning slowly, and there is not a great deal of incentive for PokerStars (a massive online poker offering in Europe) to offer ’íntrastate’ online gambling to the USA. Although to get a foot in the door; the efforts may be worthwhile. But then again, it would be smart business for big USA brands such as Caesars to keep this brand out of the USA, and Caesars as well as other big gambling brands have a lot of political influence.

Poker Nations and the TPT (Twitter Poker Tour) have announced a Charity Poker Event in aid of Poker Gives taking place on April 4th at 2pm EST.

Poker players can help support a number of great charities while playing their favourite game online. A number of poker professionals will be joining regular players at the tables, for the game and to chat, in one of the most prestigious charity poker events of the year!

Big name professionals including Andy Bloch, TJ Cloutier, Jan Fisher, Susie Isaacs, Jena Delk, Linda Johnson, and Eric "Rizen" Lynch have all confirmed and will be playing the event benefiting Poker Gives.

Poker Gives was founded by poker industry professionals Mike Sexton, Linda Johnson, Jan Fisher, and Lisa Tenner as a way for the poker world to "Give Back" to worthwhile charity organizations. The goal is to raise funds through poker events and donate it to four mainstream charities that are near and dear to their hearts. The benefactors are the Intrepid Fallen Heroes Fund, Special Olympics, Paralyzed Veterans of America and the Step by Step Foundation.

The tournament format will be No-Limit Hold’em and will have a double starting stack of 3,000 tournament chips. Buy in for the event costs just $10 and will be split equally between the charity and prize pool.

There are also a large number of donated prizes to further add to the excitement of this prestigious event. Full details of the tournament and registration details to be eligible for the sponsored prizes can be found at http://www.pokernations.com/charity.php.

To register for the charity poker tournament event, log into Full Tilt Poker, click on tournaments, and then click on the "private" tab in the tournament lobby. Scroll down to the Poker Nations / TPT event on April 4 that starts at 14:00 (it is listed in red). The tournament id is 137275439 and the password for tournament registration is PokerNations.