full tilt poker was ponzi scheme

[WaTaGuMp]

If not mistaken sometimes they allow an OT version and a P&N version to keep the savages separated...

I don't know for sure if that's true or not. I didn't report this or anything, I was just letting the OP know it was already being discussed.

 

[pau1]

Sad, hopefully law enforcement (a government entity funded by tax dollars stolen from good Americans at gunpoint) can effectively pursue this.

So is social security an government entity funded by tax dollars stolen from bad americans that feel other americans should drop dead if they are irrational spenders who are fuc**ed over by a no holds bar private marketplace??

 

[actuarial]

It's incorrect to call it a Ponzi scheme - otherwise every banking institution in the world would be in the same boat.

Fun to see the gambling addicts blame this on the US, don't worry kids, I'm sure there's an internet cafe just down the road from you.

No it wouldn't, and yes it's a ponzi scheme.

From the article:

The poker site had promised players that their accounts were protected and wouldn't be touched.

I have never read a bank account contract that said the cash would be kept in a vault (on computers) and not be touched.

In addition, while in both cases cash would not be on hand, there was apparently no plan to ever get the cash back as it was paid out to people in salary, not invested.

Can you really not see the difference between this and what a bank does?