In April 2011, the poker world came to an abrupt stop in US as news spread of the indictment of the infamous 3. Somehow, Chris Ferguson was on the thick of it. If you are in the dark on what transpired, let me recap it for you.
On 18th April 2011, the unthinkable happened; three main poker sites founders were indicted for broad spectrum of charges. The “unsealed” files also indicated over 75 banks and payment processors were served with restraining orders.
In a press release by the U.S. Department of Justice, the three- Full Tilt Poker, Absolute Poker, and Poker Stars were indicted on Illegal gambling, bank fraud and money laundering charges. The charges were based on the Unlawful Gambling Enforcement Act of 2006 and the Illegal Gambling Business Act of 1955.
The allegations revolved around the poker bigwigs circumventing federal law by using underhand tactics to trick banks into processing payments After UIGEA was passed. With the inevitable closure of the poker rooms owned by the three US poker titans, money owed to players was not paid which could amount to millions of dollars.
So, what role did Chris Ferguson Play?
Before Chris Ferguson evolved to a professional poker player, his is a long struggle along the corridors of poker industry. He started by playing for nothing and eventually became a star we know today. However, taking advantage of his success story, he was one of the founders of the Full Tilt poker brand which served a diverse clientele. In just a few months, Full Tilt’s popularity exploded attracting US players in droves. However, the success was short-lived, Full Tilt bowed out of the poker industry as fast as it had grown. And with it, millions of dollars vanished into thin air. He became arguably the most hated player in the poker world.
And yes, I still hate him.
Chris Ferguson’s Apology
In a 42 seconds video posted on Vimeo, Chris Ferguson tries to exonerate himself from the mess and this is what he had to say.
Hi, it’s Chris Ferguson.
I’d like to take this brief opportunity to address the poker community which I love and have been part of for a long time. I deeply regret not being able to prevent Black Friday from happening. After Black Friday, I worked relentlessly to ensure that all players got paid back, and I sincerely apologize that it took as long as it did.
I also realize it has taken me a long time to make any sort of public statement and I appreciate my fans and the poker community as a whole for the patience and support. One day, the Full Tilt Poker story will be told, and like many of you, I look forward to that day.
I hope to see you all at the World Series of Poker this summer. Thank you and good luck.
Do you forgive me? Well, as for me and my friends, he has to do more than a 42 secs video.True to the adage, Once trust is broken, it can’t be rebuilt.
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