LogFAQs > #366159

LurkerFAQs ( 06.29.2011-09.11.2012 ), Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear
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TopicCouple hours old now, but Full Tilt Poker = Ponzi scheme.
Gr8CyberMonkey
09/21/11 7:52:00 PM
#5:


It seems it's pretty easy to get called a Ponzi scheme these days. "Full Tilt Poker (apparently) had less cash than deposits. But banks do the same thing," NYT's @fivethirtyeight tweeted."That's not, intrinsically, a problem... Problems: (i) FTP may have misled players about this (ii) risk of "run on the bank" was high. But calling it a Ponzi scheme is spin..."
- http://consumerist.com/2011/09/us-accuses-full-tilt-poker-of-operating-300-million-ponzi-scheme.html

It was really just plain old embezzlement.

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