Wednesday, November 30, 2011

Just Conjecturin', Volume 37: The Clown Prince, err, Chairman of the Board

Time to return to the tales of AP and UB with a lighthearted look at one of the more public (and kinda pathetic) persons of the whole AP affair, one Philip Scott Tom. He's Scott Tom's daddy, and he figures in a whole bunch of entertaining stories, some directly connected to the cheating at Absolute Poker, and others not so much.

Phil Tom, as he's more commonly known, is quite the star unto himself, if you get my drift. As I hinted in a Twitter post a short while back, he might be capable of giving Doug "Toolbox" Lee a run for top toolbox honors, if Lee hasn't all but retired that honor years back.

While I'm saving some of the more serious Phil Tom stuff for the book, let's all share a moment or two and savor the man's self-aggrandizement. This is man who was the self-styled "Chairman of the Board" at Absolute Poker, and he indeed held that title, though he was wholly unsuited to the task: his alleged job duties amounted to showing up once a year to chair AP's annual board meeting, and then spending all the money that came his way.

One of the tapes I have includes a pointed conversation between AP shareholders and management bemoaning Phil Tom's negative effect on other AP executives' ongoing efforts to attract new investors, with the complaints generally categorized as having to work around a drunken Phil Tom always showing up at meetings with a hooker hanging on his arm. One need look no further than Tom's Facebook page to get a feel for his party-hardy lifestyle, and paying for it was always a big concern. Said one Vegas veteran to me, "Phil Tom is the greediest person I've ever met."

I can't vouch for that from personal knowledge, but there's plenty of evidence he's one of the most vain. Phil's way, way proud of his WSOP bracelet win, enough to have launched a site immortalizing it at thechairmanofpoker.com. Yep, that's the nickname ol' man Tom has chosen for himself.

Tom's got himself a nice sister site, which appears at lakeshoreopen.com, and details a bit of what he's done with his upscale Vegas home in the Scotch 80s neighborhood, which is kind of across I-15 from the Sahara. Ignoring the pool and the basketball court and all the other stuff paid for with AP money, Tom's love of golf led him to create something of a mini-golf course around his home, though one that uses real wedges and golf balls, wielded judiciously. You can read all about it here.

Now, about that "Chairman" thing. Seems the old Casa Tom used to boast a whole lot of giant AP logos, so all visitors to the place could be impressed at how Chairman Phil made all his money through this up-and-coming Absolute poker site, which was likely the fastest-growing US-facing site in percentage terms from 2004-06. Not due to Phil's contributions, of course, but in spite of them, according to other insiders. Phil was so proud of that diamond-shaped "AP" logo that he wanted to make it an endemic, instantly recognizable photo -- even without the "AP" letters on the inside. But using it with the "AP" was still good, and so he did, in several spots inside Casa Tom, and in big bold paint on the basketball court, which you can see in this historical photo from Google Earth archives, circa 2006. (Hint: Look at the lane on the west end of the court.):



Now the same shot, from a 2007 Google Earth satellite overpass, perhaps the same one Tom uses on the left side of his own LakeShore Golf page:



Look ma, no AP diamond. The big "AP" was painted over some time in late 2006 or early 2007, probably just after the UIGEA became law. Few people understood in 2006 that satellite photos are a bit like tattoos. They'll be around forever, so Phil Tom painting over the logo is understandable, if fruitless and more than a bit funny. It's even thinly possible that Phil's college friend and one-time housemate, Brian Coffey (who worked in home improvement) could have wielded the brush.

But more vain, more funny, is that Phil Tom is still today trying to create this "Chairman of Poker" persona while trying to cover up and destroy the very same AP history that might have given credence to the handle. That's not only chutzpah, but a cheap brand of chutzpah that you buy off the Wal-Mart shelves. His site shows a copyright date of 2010-2011, and one wonders what content he's trying to protect by his disclaimer at the bottom. All that stuff originated on other sites; it's not his, even if he's unlikely to get much heat from the rightful owners.

Phil Tom's connection to the story has more to do with an exploration of where the money went. Way back in 2007, during the height of the first wave of known AP cheating, there was a blatant transfer of $10,000 from the "graycat" account to Phil Tom. Odd thing: the Graycat account was Phil's, even though Scott was controlling it as part of his cheating and laundering of funds. And yet the $10K transfer to Phil stands unedited in the history:



Said one AP exec, when shown the transfer evidence: "Phil Tom was never an affiliate. That's pure graft."

Referring to yourself as the Chairman of Poker? That's a lot of chutzpah, indeed.

Tuesday, September 20, 2011

Book Update

No time like the present! And the present has been very, very busy. Folks have been wondering about the lack of posts here, but, not to worry -- work on the book proceeds apace. The majority of the book is in the tank, and we're working on the final chapters and the editing. If anything, it's turned into an even more complex and detailed story, and it's important to me and to everyone involved to get the tale right. There are so many subplots that at times it's like the old baseball saying: You can't tell the players without a scorecard. The complexity of the issues requires handling with the proverbial fine-toothed comb. As they say, it is what it is.

I'll also be venturing to Reno in a week or so for a working vacation, lugging along the laptop while I partake in other stuff as well. I'll be there starting next Tuesday the 27th and spending eight days. There's a couple or three Nevada contacts that might get a call while I'm out there, too, and if the timing is just right, I might rent a car and sneak down to Vegas to do an interview or two.

So hang in there, everyone. There's a great tale coming. I've come into possession of hours of secret tapes and documents never before published, and a lot of that will work its way into the open as well. Once we have a complete picture of what all will be included in the book's pages, then more supplemental items will once again be appearing here.

Monday, July 11, 2011

Geez, Just When I Thought the Poker Spam was Slowing Down

FROM: MR RAYED BITARIUS.
The Manager,Audit/Account Section
Full Tiltican Development Bank.(F.T.D.B.)
Ouagadougou Burkina-Faso.


Dear Friend of Full Tilt,


How are you today? Hope all is well. Please be informed that I have decided to contact you for a fund transfer transaction worth the sum of US$ 9,300,000.00 into your reliable Full Tilt account as the sole NEXT-OF-RAIL to the foreign deceased customer of our site (an International Billionaire French Businessman not named Cyril) who was killed with his entire family by NETTELLER-TROJAN in the shadow of the Las Vegas Sands at most 5 years ago. Since his death occured, no body have show up as his next of kin for the claim because the account is undonkable. Upon the investigation I carried out from his records, I found out that his foreign business make-up recipient who would have trace the account died earlier before the deceased. Therefore, this is a confidential and sealed deal. Even Cardrunners don't know about it.

For the success of this transaction, you should apply and act as the only existing NEXT-OF-RAIL to the deceased which our crack customer-service team will replace by 2013 the deceased account information through proper documentation in position of your own Full Tilt account. This transaction is risk-free, it will never harm your good reputation in your poker society because no one can trace the account, and on the instant of the transfer of the fund into your Full Tilt account, the chapter of this transaction will be closed entirely.

Note that in a business of this nature, the bank dont want to know your difference between the deceased country or Full Tilt avatar or Rush fondness because our avatar inheritance law is against that. So, it is a preference for us achieve this success without any problem.

Please note down that once the fund get transferred into your Full Tilt account, you will take 39% of the total sum while the rest will be for me as I will arrange myself a new clever-sounding site such as Rekop, Inc.

I need your urgent response and include your private telephone/mobile numbers/account names for easy communication and a freeroll entry. Please reply if you can be trusted in this deal.

Thanks,

Mr Rayed Bitarius

Wednesday, May 11, 2011

Just Conjecturin', Volume 36: More Norwegian Exposure

To clarify a couple of things for readers, the short piece on the corporate shenanigans of Absolute Poker appearing in the online Sunday version of Dagens Naeringsliv (dn.no) is not the major nuclear bomb against AP ownership that I referenced last time out. To view the longer and more important piece in its original entirety, you need to click on that link within the story linked above and fork over a kroner or three to DN. That longer piece appeared on Saturday and is the one really worth checking out.

A bit of backstory: DN reporters Goran Skallmo and Knut Like learned about a secret AP/Madeira Fjord board meeting being held in Toronto, and flew there to capture as much of the action as they could. In addition to a quote or two from the meeting's participants (perhaps captured unknowingly), the DN investigators also grabbed a handful of neat photos showing certain AP execs running around the office as this meeting was going on.

I have a couple of pretty good translations of the piece at this point, but for copyright reasons I can't do much more than offer brief excerpts here and there, though Goran has consented to allow me to run some of the pictures here. One of the key aspects of the DN piece is that a couple of Norwegian lawyers for the Norwegian law firm Bull & Co., particularly one Bjorn Blix, are now feeling some heat. From the piece:

Attorney Bjorn Blix rushes through the reception at the law firm of Bull & Co. During Madeira Fjords general shareholder meeting, he had refused to answer how much he and Bull & Co. has been paid by Madeira Fjord since 2008. There are millions. And officially Madeira Fjord has the no money. Then who pays Bull & Co.?

DN has been given access to informaton [that] shows that Bjorn Blix bills Madeira Fjord 3000 kroner per hour. Last fall Bull & Co. billed Madeira Fjord 550,000 dollars for one and a half months work. The payments came from several different banks in the U.S., Blix explains.

- Have Madeira Fjord accounts in the U.S.?
- No, no.
- But the transfer must show who the sender is?
- No, it does not, said Blix.
- So you simply do not know who has paid you for the assignment?
- No, says Blix and goes his way.

Lawyers are required to follow strict money laundering rules when they receive money from clients. They are supposed to know where the money comes from.


-- DN.no

My educated prediction: More lawyers than Blix are about to be swatted.

Ah, well, on to a couple of photos. The first here is a shot of the frat boys outside their U of Montana Sigma Alpha Epsilon house, circa 2002. The unblurred faces, in order, are Scott Tom, Hilt Tatum IV, Brent Beckley and Garin Gustafson. Click on it for a larger view:



The second is a shot of chairman Ron Janusz, who doesn't own a lot of stock, per se, but is a long time friend of primary fundraiser Hilt Tatum III ("Hilt Sr.") and has served as a willing frontman for the company of late. I've heard his voice before, but had yet to match up the face:



(Both photos courtesy Goran Skallmo.)

If you visit the detailed piece, it's apparent that the DN investigators literally shot some of these photos through eyeholes and slightly-ajar doors. Continuing kudos to Goran and his crew for revealing this important information regarding AP.

* * * * *

Update: An anonymous poster (see comments) claims that the person on the far right in the frat-house photo above isn't Garin Gustafson. Without the original it's hard to say for sure, though there's a tiny chance that the photo might be available in a University of Montana yearbook circa 2001 or 2002.

If it's indeed not Gustafson, as I believe it was identified to DN reporter Skaalmo and his crew, then the likeliest person for it to be is Shane Blackford, a rich trust-fund baby and fellow frat brother who was another of the original founders. Blackford also served a very recent turn as an executive board member.

Here's a blown-up version of the face on the right, along with those infamous wedding photos which included both Gustafson and Blackford:


(above)


Gustafson


Blackford

It still looks like Gustafson to me, though I suppose I could be argued the other way. Anyone have the original?

Monday, May 09, 2011

Announcing the Book

Dimat Enterprises, Inc. is pleased to announce the signing of Haley Hintze to author a book covering the UltimateBet and Absolute Poker online cheating scandal. The as-yet-untitled book will be released in the Fall of 2011.

Haley Hintze is a veteran writer/editor with decades of published writing credits, and at one time served as Editor-in-Chief of PokerNews.com. She reported on the Absolute Poker and UltimateBet cheating scandals for several sites, and has continued her independent investigation at her own blog, http://haleyspokerblog.blogspot.com.

Hintze has assembled a deep library of documents including e-mails, taped conversations, and whistleblower interviews, which detail the inside secrets and cover-ups of these ongoing scandals – much of which has yet to be released to the public. This story will show the corrupt, shady dealings of two major online poker rooms – which later joined as one -- and how they did everything they could to prevent the true stories of the cheating from reaching the poker-playing public.

Dimat Enterprises, Inc. is one of the most popular poker publication companies in the world with titles that include The Poker Mindset by Ian Taylor and Matthew Hilger, the Winning Poker Tournaments One at a Time series by Eric "Rizen" Lynch, Jon "PearlJammer" Turner, and Jon "Apestyles" Van Fleet, the Advanced Pot-Limit Omaha series by Jeff Hwang, Small Stakes No-Limit Hold’em by Ed Miller, Sunny Mehta, and Matt Flynn, and others. Dimat’s next release, The Math of Hold’em by Collin Moshman and Douglas Zare will be released in late May.

------------------------------------------------------------

About Dimat Enterprises, Inc.

Dimat Enterprises, Inc. is a publishing company founded by Matthew Hilger in 2003 and specializes in poker strategy and content. Along with the poker books above, Dimat Enterprises, Inc. has several new releases planned for later this year including Winning Poker Tournaments One Hand at a Time Volume III and Tournament Endgame Strategy. Any authors interested in being published may contact Matthew at pokerbooks.InternetTexasHoldem.com.

Dimat Online, Inc, also owned by Matthew, operates multiple popular poker related websites focusing on online poker tournament player rankings, poker blogs and texas holdem strategy / community, (www.InternetTexasHoldem.com ) aka "ITH". ITH is also the home of the original Free Poker Gift Offer. By using the ITH Poker Stars bonus, Party Poker Bonus, or Full Tilt Poker bonus, players can receive Dimat publications for free, including other poker books, DVDs, and poker chips.

* * * * * *

I'd like to thank Matthew for offering me the opportunity to craft a single, comprehensive tale of the UltimateBet and Absolute Poker scandals, even as events connected to these continue to surprise us nearly every day. There will be at least one dedicated thread for book matters over at the ITH forums, where I'll be hanging out quite a bit in the coming months.

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

Saturday, May 07, 2011

Pauly's Blow-by-Blow of the Costa Rican Raids

I'm pretty sure that everyone who reads me also reads Dr. Pauly, but just in case, here's his read-it-as-it-happened account of yesterday's raids against the Costa Rican offices of Absolute Poker and PokerStars. The Stars part of the raid was a big mistake by the authorities. A Spanish TV station picked up some video of the raid, including a scene where they knocked down the doors at a private residence, perhaps Olman Rimola's mom's house or something like that. Rimola, a former mayoral candidate for the upscale Ezcazu enclave near San Juan with an interesting past, is an emerging figure of some importance in the overall story.

So many things are happening right now that it's hard to keep up. One should also check out the various Norwegian-language business reports surrounding Madeira Fjord's declaration of bankruptcy. Run them through Google Translate and you'll get a reasonable idea of what's going on, including a couple of scummy lawyers running for cover there as well.

Much more to follow soon.

Wednesday, May 04, 2011

Just Conjecturin', Volume 34: Behind the IDS Closing -- Olman Rimola vs. Paul Leggett

This one is smoking hot, and points at some of the real reasons that the IDS offices in Costa Rica (the customer support centers for Absolute Poker and UB.com) have closed.

The following is a Spanish-language memo to all the CR workers, followed what can only be described as a mind-bending exchange between Paul Leggett and Olman Rimola, operational head of the Costa Rica IDS office. I will re-sort the latter section into a top-to-bottom, chronological order. It's almost too much too grasp in a single reading. English version is lower down:


* * * * *

Date: Tue, May 3, 2011 11:36 am
To: allcr@idscr.com
Priority: Normal

Estimados compaÃ’eros:

Desde que el problema legal de AP/UB fue de mi conocimiento, he estado tratando de lograr el pago de las prestaciones de todos los empleados de IDS por parte de las compaÃ’ÃŒas cuestionadas.

Como ustedes saben, esta operaciÛn la controlan varios extranjeros, algunos de ellos ubicados en IDS y yo no tengo participaciÛn en la toma de decisiones. Me limito a seguir instrucciones.

La semana pasada, como pueden ver en este correo, ejercÃŒ la presiÛn m·xima para lograr el pago de sus prestaciones laborales, tal y como por derecho les corresponde.

Ellos en ning˙n momento me han depositado el dinero de las prestaciones ni los gastos de planilla de mayo. Yo los perseguirÈ con el fin de lograr este objetivo, para lo cual acudirÈ a las autoridades de los Estados Unidos y de Costa Rica seg˙n corresponda.

Es deseo de esta gente seguir con su cuestionada operaciÛn en otro lado y dejarnos guindando. Al punto en que han liquidado y recontratado a los empleados directos de Brent en Escaz˙ y los de TBT.

TambiÈn pueden leer en el email que les di tiempo hasta hoy a las 12 de la noche para resolver esta situaciÛn. En caso de que insistan en su incumplimiento, los invito a unirse a este movimiento que hoy encabezo para lograr que se haga justicia. Y si tienen alguna prueba que aportar que apoye la acusaciÛn que se est· tramitando, por favor, (redacted) saber para conducirla a la embajada de los Estados Unidos. Sigo en contacto por esta vÃŒa.

Lamento toda esta situaciÛn y le pido a Dios guÌa y consejo para poder salir delante.

Olman RÃŒmola

--

Alejandro "hdbets" translated this for English readers as follows:

Dear Colleagues:

Ever since i learned about AP/UB legal issues i have been trying to obtain payment for the labor benefits of all IDS employees from these companies.

As you know this operation is controlled by several foreigners, some of them inside IDS and I don’t have any saying in decision making, I limit myself to following orders.

As you see on this email, last week i put maximum pressure on them, in order to obtain payment for the labor benefits you are entitled by law.

They have NOT deposited the money for these payments nor that for May payroll and expenses. Ill pursue them in order to achieve this, for which I’ll contact both US and Costa Rica authorities as needed.

This people intend to continue with their questionable operation somewhere else and leave us hanging, this has gone to the point of liquidate and then rehire both Brent’s employees at Escazú ( an exclusive neighborhood in San Jose, Costa Rica) and those from TBT.

As you can read on the email I have given them until 12AM tonight to solve this situation, in case they continue to ignore us and breach their contract I invite you to join this movement I’m leading to help us get justice. If you have any evidence to share that could support our case, please let me know so I can see that It gets to the US embassy, ill keep in touch via email.

I deeply regret this whole situation, and i ask God for guidance to be able to get through this.

Olman Rimola



* * * * *

(Date: Sometime last week, possibly very early on 4/29)

> Hi Paul,
>
> The company always has deposited IDS operational expenses.
> The liquidation for all IDS employees is USD$2,750,000.
> This amount has not been deposited yet into IDS bank account.

> If next Tuesday, May 3rd, this amount has not been deposited in IDS bank
> account, I will face all IDS employees and I will explain this situation.
> After that, I will go to the US Embassy and I will contact FBI agents,
> who are right now in Costa Rica, and I will reveal all the information I
> have of Absolute Poker and UltimateBet operations, including full detail of
> original shareholders, corporate structure, processing procedures, all
> related companies, lawyers, executives, bank statements, bank wires,
> emails and instructions I have received, etc.
> FBI will be more than glad in to grant me immunity exchanging this
> information.

> Just a reminder, if anything happens to me, or people close to me, I
> have prepared 3 sets of this information which are in hands of 3 different
> lawyers, with instructions to proceed with US Embassy and Costa Rican
> authorities.

> I feel sorry about ending our relationship like this way, but my IDS
> employees are first.
> Best regards,
>
> Olman RÃŒmola
>

* * * * *


Hi Olman,

I am shocked by the content of your email as it contradicts everything
that you said in the meeting earlier this week.

Can you please send me the detailed list of IDS liquidations so I can
discuss this with Stuart Gordon? Once I have met with Stuart, I would be
open to another meeting with you.

Paul


* * * * *


---------------------------- Original Message ----------------------------
Subject: Re: IDS employees liquidations
From: Olman RÃŒmola Castillo
Date: Fri, April 29, 2011 11:28 am
To: "Paul Leggett"
--------------------------------------------------------------------------

Paul, there is nothing to discuss here, that is the amount.
I know you will continue the operation elsewhere, make it easier for you.
Next Tuesday, I will close IDS; if you send the money the closing down
will be done without any problem. If you do not send the money I will
proceed as I mentioned before.
And if you try to misinform or slander me with my employees, I will
proceed too.
I am very serious this time.
Clock is ticking, don't waste your time...

Tuesday, May 03, 2011

Just Conjecturin' Supplemental: Index of Entries

I get a lot of complaints from readers that earlier entries in the Just Conjecturin' Series are hard to find via the archives, so here's a list of links to all the posts. starting with the first way back in September of 2009:

Just Conjecturin', Volume 1

Just Conjecturin', Volume 2: Sebok Signing (w/ Update)

Just Conjecturin', Volume 2.5: Oh, Those UB Hand Histories

Just Conjecturin', Volume 3: The 56% Solution

Just Conjecturin', Volume 4: Inside the Excapsa Ownership Bloc

Just Conjecturin', Volume 5: If a Forrest is Silent, Does That Mean There Aren't Any Trees?

Just Conjecturin', Volume 6: More on Excapsa: The Missing 2.6 Million Forfeited Shares

Three supplemental entries connected to Barry Greenstein's early UB hand histories from the UB cheating days; Barry was among those who played against the cheating accounts:

Barry's HH's Part 1
Barry's HH's Part 2
Barry's HH's Part 3

Just Conjecturin', Volume 7: (Help Me, KevMath, Help Me... with this Numbering Mess)

Just Conjecturin', Volume 8: Make That the 83% Solution

Just Conjecturin', Volume 9: The 'Shut Up and Settle, Dammit' Scene

Just Conjecturin', Volume 10: Defaults and Dividends, Chorus #2

Just Conjecturin', Volume 11: Meanwhile, Over at Absolute Poker, It Seems Scott Tom Really Did It

Just Conjecturin', Volume 12: The Absolute Scandal and the Day Occam Rolled Over in His Grave

Just Conjecturin', Volume 13: Absolute and the Snared Screen Names

Just Conjecturin', Volume 14: More Snared Images from Absolute

Just Conjecturin', Volume 15: The Graycat File

Just Conjecturin', Volume 16: The Curious Case of 'brainwashdodo'

Just Conjecturin', Volume 17: The Real Story of the UltimateBet Refunds

Just Conjecturin', Volume 18: Fakes a-Plenty Among the KGC 31

Just Conjecturin', Volume 19: The Real Problem with the UB Hand Histories

Just Conjecturin', Volume 20: The Carpenter Connection

Just Conjecturin', Volume 21: Graycat the Traveler

Just Conjecturin', Volume 22: It's the Plane, Boss, the Plane!

Just Conjecturin', Volume 23: So What Happened to the Plane?

Just Conjecturin', Volume 24: Tying Together Some Leads

Just Conjecturin', Volume 25: Flotsam, Jetsam and Other Errata

Just Conjecturin', Volume 26: Who or What is Riviera, Ltd.?

Just Conjecturin', Volume 27: Uncovering Brainwashdodo

Just Conjecturin', Volume 28: The Brainwashdodo Correspondence

Just Conjecturin', Volume 29: Inside the Makar Email

Just Conjecturin', Volume 30: Naming Names -- Greg Pierson

Just Conjecturin', Volume 31: Intermezzo

Just Conjecturin', Volume 32: Cereusly Funny Missing Videos

Just Conjecturin', Volume 33: Down Goes Frazier... err, Cereus

I'll try to remember to update this or get a widget or something that keeps a running index near the top of the page, as TenMile noted in the comments.

-- Haley
Haley's Poker Blog

Just Conjecturin', Volume 33: Down Goes Frazier... err, Cereus

An internal memo sent out at Absolute's Costa Rican offices early this morning:

From: The Executive Management Team
Date: Monday, May 2, 2011
Re: Restructuring

As all of you are aware, action was taken by the U.S. Department of Justice on April 15th and we have closed our US-facing operations. We now have to focus our resources on developing our non-US operations and software business. Unfortunately, this also means we must immediately restructure our organization and significantly downsize our operations.

It is a very sad day for all of us, as we have worked so hard to create a truly amazing company that is filled with extraordinary people. We have always been and remain fully committed to the employees and consultants of this business.

TBT employees will be paid full liquidations in accordance with Costa Rican labor laws. Consultants will be paid severance based on length of service. IDS liquidations have been previously funded in full to Olman Rimola.

Some of you will be approached by the business for a new role with a much smaller company that is focused on continuing our non-US operations and software businesses.


Now, the worse news. This comes to me second-hand, but I believe it, even if it must be labeled "conjecture" until we know for sure: There isn't going to be any new company; the letter itself is a ruse to buy time in which the bosses are going to get the remaining funds out of Costa Rica... along with themselves. Next destination is probably Panama, where a duplicate server farm was set up years ago.

I expect that non-US players will be allowed some sort of play-through option for their bankroll balances when the remnants of Cereus emerge under a new name, perhaps late this year or in 2012, and we'll probably all be subjected to some "assets sold to XYZ Company" garbage release down the road, which is likely to be untrue. The US players? I think the plan is to let them go whistle to the DoJ for their money, and that this move also represents Absolute waving a certain middle finger in the DoJ's direction.

Tuesday, April 26, 2011

Just Conjecturin', Volume 32: Cereusly Funny Missing Videos

Nothing too shattering this time out, friends and neighbors, just a quick note. The eight-video series put out by AP that features Paul Leggett being interviewed by Susan Reisler, with a couple of Annie Duke cameos, had been available for almost three years on YouTube.

Guess what's been yanked down in the past few days?

Not to worry, I had asked someone to archive those a while back and I'll put them up on my own YouTube site shortly. It wouldn't do for those to disappear, and so they won't. I'll let everyone know the new account name for accessing these when I have them in place.

Tuesday, April 19, 2011

Just Conjecturin', Volume 31: Intermezzo

Once again, major news developments have forced a change of schedule in my "Just Comjecturin'" publishing plans. I'd hoped to have my original Volume 31 up a week or ten days ago, but behind-the-scenes events required me to hold back for a short while.

Then, of course, Black Friday happened, and things everywhere are in an uproar. I asked one of my contacts what the latest was regarding the core folks at Cereus, and he replied back: "The rats are running for cover. Not taking any calls."

It's affected some (not all) of my good sources as well, but for those who are on the right side of this, I'm pretty sure they'll realize that nothing really has changed. As I've written elsewhere, this day was always going to happen, and the charges brought in those indictments center solely on alleged illicit banking practices, no matter what other noise the DoJ proclaims. I firmly believe that events were set in motion when PartyGaming paid its blood money to the US a couple of years bac. When financial boy-toy Daniel Tzvetkoff later paid back those who turned him in by turning states' evidence, it was a fait accompli that what happened Friday... would.

Of course I noticed that Scott Tom and Brent Beckley, stepbrothers and two of the original "frat boy" founders of Absolute Poker, were among those indicted. Absolute Poker SA, as shown in the indictments, is the parent company of the Cereus Network, which in turn houses the AP and UB sites. I don't know if this scuttles the rumored plans of Victory Poker to join that network, though that's a bit of a digression.

Regarding good ol' Scott Tom, of course he's been with the company the whole time, and yes, I'm still holding that evidence in abeyance, too. There will come a time when it is made public, and it will bring into question the actions of at least one more big name. There is also one other major poker player, plus one additional WSOP bracelet winner (though not a household name), whose involvement will be examined as well.

The Just Conjecturin' series marches on. You haven't seen it here, but I've never been busier, working on it virtually full-time of late. I am in the way of knowing about a couple of significant things about to occur, perhapsjustmaybe a news story or two, and out of professional courtesy I choose to let at least the first one of those things come out before I move forward once again. So I wait, a bit longer, but I'm still working on these affairs. If those expected stories take too long to appear or seem to fizzle out, I'll go ahead at some point anyway.

I am fairly confident that Stars players will eventually receive their money. I'm a hair less confident regarding Full Tilt, though it's probably only a few percent less likely than Stars. Quite a ways down the probability chart is where I place the Cereus sites, AP and UB, and this only because of the extenuating circumstances surrounding the company. My personal opinion is that Cereus players have a less than 50% or recovering their bankrolls, but I hope I'm pleasantly surprised, despite my feeling that these players were collectively stupid and greedy for continuing to play on the network in the first place.

So it's a holding pattern here, but I'm pretty sure that May will be momentous.

Sunday, April 17, 2011

Catching Up with the News

Nope, nit asleep at the switch, just handling paid priorities first while traveling much of the weekend, as I've been doing most weekends of late.

The news of the online-poker indictments had me working at a rush on Friday, as I did a last second please-hold-while-I-rewite-things in my News Briefs piece for Lou over at PPN. That's normally the most fun thing that I get to write, every other week, but I have a hunch Lou had a really nasty weekend trying to pull all this stuff together in time for his latest deadline. I figured the least I could do was making sure my small part was fit to print.

Then it was traveling to Milwaukee, from whence I have just returned, though I did spend a couple of hours up there soaking up all the news stories, including a few of those crazed threads on some of the largest discussion sites. Next weekend, northern Wisconsin; the weekend after, Michigan. Maybe some time home the weekend after that?

Who knows. It's all a blur at the moment.

I did take the time after arriving back at the apartment today to try to capture my indictment thoughts in a post over at the KAP blog. In a nutshell, this has all been destined to happen some time, as my friend the fallen lawyer F Train duly notes over at his blog. And as always, Pauly has a collection of salient links on the matter.

Times of true crisis in any bubble of influence are marked by those times when every sits around to see what happens next. That's where we are right now, and things will need to shake out some before we all have an idea as to poker's new shape. Some entities will find themselves crippled in the interim; some others will become stronger.

Me, I don't know. I can see myself losing at least one of my small remaining gigs, but that is to be expected. Some of my friends will probably taste some job-loss bitterness in the near future; been there, done that, but that won't bring those peeps and comfort or money. I can tell them that time marches on and life has a way of filling the same voids it creates, but most of them are smart enough to know that already. I've got other things to do, and if that stuff runs dry, I'll try to find something else. Or I won't.

Whatevah.

* * * * * * * * *

A bit of flotsam to end this one. Yes, there is more "Just Conjecturin'" coming. One little funny I've been meaning to toss in is that the commentary I receive is largely, but not universally positive.

There are always those few beings out there that don't seem to like either me or what I write. One such comment, which I won't publish but include here for its gallows humor on a weekend when we can all use a bit of even the darkest type of smile:

lol Haley, can anybody possibly be as cool as you? You are so fucking awesome. My hero. {3

Nope, no sarcasm there... much. But I do what I do because I choose to do so, and trying to be "cool" is something I gave up on decades ago. I take as the true indicator of this and other like commentors' collective worth the fact that it was signed, as always, "Anonymous". And it's of course more entertaining than the "HI I like the adult site Supper hot girls" spam. Supper indeed.

Better to have guts and be disliked by some than to be an anonymous, gutless coward, but I guess that's the internet age in a nutshell. These days society trains people to faceless cowards and hide in the shadows, and I do not accept that fate.

C'mon, life, bring it on. Deal your next hand and let's go on from there.

Friday, April 01, 2011

OMG!!!! (Not a Just Conjecturing' Post)

I was working on some news briefs this morning and visited xe.com to use their currency converter tool. I had to blink about six times to make sure I wasn't suffering hallucinations.

Look who's advertising there!