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Chris Ferguson

Poll Results: Lederer and Ferguson Should Be In Jail


Lock 'em up and throw away the key.

Lock ‘em up and throw away the key.

The results are in, and you’re out for blood.

Earlier in the week we polled our readers: were Howard Lederer and Chris Jesus Ferguson‘s settlements fair? Should one or both of them been sent to the slammer?

Over 68% of you thought that both Lederer and Ferguson should be serving time. That far out-paced the second largest vote getter: neither should be doing time and we’re assholes for suggested they should (thanks, 14% of people who must hate-read WCP).

Can’t say the results are shocking, although we expected more in the “only Lederer should be in jail” camp.

New poll coming next week, maybe.

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Poll: Should Ferguson and Lederer’s Punishment Been More Harsh?


Can someone photoshop those bricks from his hands?

Can someone photoshop those bricks from his hands?

With the recent settlement of Chris Ferguson (we refuse to call him Jesus, as should the rest of the poker community) and the U.S. American Government (read more about it here), the ugliest chapter in online poker history (to date) has more or less come to a close. And that begs the question: did Howard Lederer and Chris Ferguson get off easy?

The topic was discussed on the Wicked Chops & Gavin podcast last week, and we’ve heard lots of feedback from industry friends on our take. So we’re putting it out to the people.

To recap, both Lederer and Ferguson avoided a second of jail time. They both paid fines. Ferguson can feasibly work for any legal U.S. online poker entity today if he wanted to (i.e. Caesars, Ultimate Poker, etc.). Lederer can’t get a similar job until after online poker is legalized in the U.S. Read more about the settlements and differences here.

So what do you think? Vote below, results posted at end of the week.


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Player Reactions to Chris Ferguson Secret FTP Account Story


Chris Ferguson has seen better days. Although this probably wasn't one of them either.

Subject:Poker dropped a thorough investigative piece on Wednesday detailing Chris Ferguson‘s [not so] secret [anymore] bank accounts with Full Tilt Poker/Pocket Kings.

Give it a read here, but the gist is Ferguson moved a lot of money between accounts, loaned Tilt a bundle of cash post-Black Friday, bought shares from many a shareholder, and is potentially keeping the skids on the Groupe Bernard Tapie deal from going through.

Player reaction to the story via Twitter was expectedly harsh. Some notable remarks:

Jonathan Aguiar:

Given recent reports detailing Chris Ferguson‘s transgressions at FTP I assume @WSOP will be covering his banner in the future

Gavin Griffin:

I’m disgusted, I used to like Chris

Brian Hastings:

Please no

Short-Stack Shamus:

Chris Ferguson‘s lawyer having the name Imrich is the uncanny-name-bookend of Moneymaker starting it all.

The biggest arrows though were flung by WPT Raw Deal host Tony Dunst:

If Chris Ferguson shows his face in poker again I’ll happily be the first one to drive a stake through that piece of shits ankle.

I’d bring retribution to Lederer too if I weren’t so confident that the fat fuck will eat himself to death if he has any money left.

Expect absolute bedlam to ensue if Ferguson actually does keep the Tapie-Tilt deal from happening.

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Feds Move to Seize Lederer, Bitar, Ferguson, Furst Assets


The Feds have moved to seize Chris Ferguson's cash money.

It’s gone from bad to worse for the Full Tilt Poker board members named in the SDNY amended civil complaint earlier this week.

Subject:Poker has confirmed that the FBI and law enforcement personnel have been authorized to seize assets belonging to Howard Lederer, Chris Ferguson, Ray Bitar, and Rafe Furst.

Specifically:

  • All funds and other property on deposit in account numbered GB81 RBOS 6095 4234087766 held at NatWest, in the name of Raymond Bitar, and all funds traceable thereto;
  • All funds and other property on deposit in account numbered 7655741861 held at Wells Fargo Bank N.A. in the name of HH Lederer Consulting LLC, and all funds traceable thereto; and
    All funds and other property on deposit in account numbered GB56LOYD30166314010402 held at Lloyds TSB International, Isle of Mann, in the name of Howard Lederer, and all funds traceable thereto;
  • All funds and other property on deposit in account numbered 40039049628 held at Citibank N.A., in the name of Chris Ferguson, and all funds traceable thereto; and
  • Account numbered CH87 0875 5057068400100 held at Pictet & Co Bankers, Switzerland, in the name of Telamonian Ajax Trust, and all funds traceable thereto.

The inclusion of Rafe Furst’s Telamonian Ajax Trust should put to rest the industry rumors that he’s “the one” who flipped and provided the Fed with some of the detailed information regarding Tilt and its shareholders listed in the civil amendment.

Read more about the seizures here.

UPDATE: ESPN Poker first broke the asset seizure story on Tuesday. Read more here.

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Epic Poker League Suspends Howard Lederer and Chris Ferguson


Damned if they do, damned if they don’t: Howard Lederer and Chris Ferguson have been suspended indefinitely from the Epic Poker League.Awkward.

Today the Epic Poker League announced the suspensions of Howard Lederer and Chris Ferguson.

Lederer is the brother of Epic Poker League commissioner, Annie Duke.

From the statement:

“…Epic Poker League’s Standards & Conduct Committee indefinitely suspended League members Howard Lederer and Chris Ferguson. The Amended Complaint named Lederer and Ferguson as defendants, specifically in relation to their roles as directors of Full Tilt Poker from April 2007 to April 2011….Although the Amended Complaint constitutes a civil, and not criminal, action and facts are alleged but not yet proven, “the specificity of the allegations and the fact they came from the United States government made this the right course of action in the best interests of the players in the League…The Committee will continue to monitor the legal actions. “If other members are named in the actions, the Committee will consider additional disciplinary action.”

The suspensions of Ferguson, and in particular Lederer, is yet another PR blow for the fledgling league.

While the 2011 WSOP brought in record numbers, and the WPT and EPT continue to exceed expectations, the EPL’s second Main Event brought in only 97 players, around a 30% drop from the first event (the second ProAM performed even worse, dropping over 50% in participation). The inaugural event was won by David “Chino” Rheem, who then was quickly put on probation for debts owed to the poker community (a slippery slope given the industry). Then, during the second ProAm, Michael DiVita, a registered sex offender, won a Main Event seat, but was not allowed to play in the Main Event or even claim the value of his $20,000 seat.  DiVita claims he was bullied/intimidated by league officials into just accepting a refund of his $1,500 ProAm buy-in.

Now with the Lederer and Ferguson charges, the company effectively finds itself in a “damned if you do, damned if you don’t” situation.

Yes, the civil charges against Lederer and Ferguson are damning. But typically in America you’re still innocent until proven guilty in a court of law. So despite the “specificity” of claims against Lederer and Ferguson, and whatever the poker community’s (justified) feelings towards them may be, due process is still due process. The league could’ve (and we’d argue should’ve) waited until a judgment was made against Lederer and Ferguson before making any decision–or at least waited to see if actual criminal charges are filed.

By not doing so, they’ve established themselves as the judge and jury and moral arbiters of the poker community. And while they have every right to do so if they want to, they’ve set themselves up for more and more difficult decisions down the road.

However, and ultimately in their defense, they may not have had any choice in the matter. The shareholders and management of Epic likely recognized the potential shitstorm of having the brother of their commission–Annie Duke–receiving a mountain of bad mainstream press, and wanted to distance the company–and Duke– from it. “Hey–we suspended the commissioner’s own brother–that’s how serious we take these charges,” is a good story to spin to advertisers, TV networks, and investors.

So are Epic’s ethics committee’s decisions painting the league in bad corner after bad corner? Yes. Should Epic have suspended Lederer and Ferguson so soon without any criminal charges or due process? We’d say no–at least not yet. But did Epic have any other choice? Probably not.

Read Epic’s announcement here.

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