All right, we’re not going to add to the Full Tilt Poker pro pile on, at least regarding the venom pouring out towards the site’s alleged founders.
The Tilt U.S. cash-out problems have way more to do with the day-to-day (mis)management of Ray Bitar and others than the guys who founded the site. Maybe said founders could’ve paid a more critical eye to the books over the years, or player account funds could’ve been segregated from business operation funds [face palm], but who’s keeping track when you’re making A-Rod-money?
However, in light of The Events of 4/15TM, it looks like some of the associated founders are going to be taking a decidedly less high-profile role with the company, or potentially leave the country all together.
First, two long-time PPA Board members–Howard Lederer and Chris Ferguson—are no longer part of the organization. Ultimately, Tilt is probably looking to cut expenses in the marketing department and the ONYX Cup and PPA were easy choices to scratch off the line-item expenses. Zing!
Second, it appears as if Howard Lederer’s dream $4.75M Las Vegas home is now up for sale.
Lederer spent years building the property, and it’s widely recognized as one of the sickest pads in Las Vegas.
UPDATE: Nevermind. Forgot Rule #1 of poker journalism. Always verify a story if your source is Gambling911. The above house listed is the house across the street. Blah.
UPDATE 2: Looks like this correction unpublished. Working through technical glitches between this and our Disquss comments.