Chrono1219 posted...
From: red sox 777 | #003
Banks actually have things like credit cards and fees, memberships etc that rake them in huge money. One of the issues with Ponzi schemes is that the money they make from the scheme is not as much as the promised investment. Not sure how much Full Tilt was into it though.
That's the main reason this wasn't a Ponzi scheme. There were no outlandish promised returns, and you weren't "investing" anything besides the ability to buy-in to tables and tournaments. That doesn't mean what they did wasn't illegal. It just wasn't part of a crime fad.
--
Please don't go. The Drones need you.
Einstein would turn over in his grave. Not only does God play dice, the dice are loaded.