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Full Tilt lost its gaming license permanently? Was Full Tilt a ponzi scheme?

Theres a rumor in the wild that Full Tilt Poker has lost its gaming license permanently. Aparently Alderney Gambling Control Commission (AGCC) has revoked FTPs gaming license for good as they also suspect that Full Tilt was a huge ponzi scheme.

According to the source (iGaming Post), they got the news from a reliable person who is working close to AGCC and Full Tilt Pokers case.

There hasnt been any confirmation of the rumor yet.

According to the source, AGCC is still negotiating with Full Tilt about the license payments and such.

Looks like Full Tilt hasnt found any investors to buy their business and if FTPs gaming license is revoked, they will need to file a bankrupt plan.

At the same time SubjectPoker.com is telling that FTP is negotiating with some French investors and FTP tries to get their EU license up and the site running.

All the possible investors might back up though, as FTP is under suspection that the company was ran like a ponzi scheme and site owners like Howard Lederer and Chris Jesus Ferguson would have raised tens of millions of dollars straight from the player accounts.

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This entry was posted on Friday, September 23rd, 2011 and is filed under Online Gambling. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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