Haley's Poker Blog

No bad beats, but still a poker blog... hence the anguish.

Monday, May 09, 2011

Just Conjecturin', Volume 35: Norwegian Exposure

I've received word that a major new investigative series on the Absolute Poker scandal has dropped today on the Norwegian site dn.no, hone to the online Dagens Naeringsliv Magazine. This piece is written primarily by Goran Skaalmo and includes a ton of stuff never before made public. I have the article in hand and am searching for someone to do a proper Norwegian-to-English translation so I don't miss any of the subtleties. This is the second (and by far more important) of the two major pieces that I knew of in the works regarding Absolute Poker; to the best of my knowledge, Goran and his team have been working this for nearly three months.

This piece offers up some historical information on AP's founders that has never before been published, and it also will go a long way toward explaining properly the true nature of Madeira Fjord, which I touched on briefly last time out. It also appears that there has been a raid on the "business address" associated with one of the law firms (Bull & Co.) connected to Absolute Poker, and I'll be searching for secondary confirmation shortly.

Here's a brief taste, roughly translated, from late in the piece:

"At the Annual General Meeting in March, the shareholders know that there should be an agreement where the two founders of Absolute Poker, Tom and Scott Hilt Tatum IV, still have hidden interests in the company that controls the Absolute Poker. In a draft of the agreement, called "Share surrender agreement", it emerges that the two founders are entitled to benefits and the right to come back as major owners in Madeira Fjord or in the Portuguese subsidiary Avoine, which handles all the money flows from Absolute Poker." -- dn.no

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