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The Lederer Files: PokerStars Saves the Day, Apology to Full Tilt Poker's Customers

Since April 15, 2011, the poker world has waited anxiously to hear from Howard Lederer about the downfall of Full Tilt Poker. That wait is officially over.

In Part 7 of this exclusive interview series with, Lederer discusses the closing of the deal between PokerStars, the Department of Justice, and Full Tilt Poker. The deal was finalized on July 31, 2012, but Lederer explains how it got "very dicey" toward the end.

Lederer then addresses Full Tilt Poker's customers one last time before the site launches under PokerStars' management:

"As an owner of Full Tilt Poker, I take full responsibility for what happened. What happened wasn't right and it caused a lot of pain, a lot of suffering, and in some cases just inconvenience for 3 million customers. That wasn't right. And for that I am truly sorry.

"I look very much forward to the reopening of the site under PokerStars' leadership. I am incredibly thankful for their incredible professionalism in the way they handled the situation. I'm going to be rooting for the company every day.

"I can't tell you how happy I am that the deal happened, that hopefully our customers are all going to be made whole."

Here's the the seventh and final segment of The Lederer Files:

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Disclaimer: The thoughts and opinions expressed in this interview are those of the interviewee and do not necessarily reflect those of PokerNews.

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  • mikey8765 mikey8765

    The Andy Bloch interview pretty much collaborates Lederer's story. I'm convinced all the owners cashed in big time before the fall and some have houses/cars while others left theirs at the craps tables and got deeper into debt. After they found out how bad it was - a few tried to fix it and get the players paid - while everyone else ran. Sure Howard got his 42 Million over the years , but everyone else profited handsomely at the same time - If you are going to hang Howard then you have to hang all the rest of them. Hats off to Howard for staying in Dublin day after day and trying to get it fixed - That must have been quite the humbling experience. As for Ivey, Lindgren and Juanda and all the rest that refused to pay back their loans - Well, nothing else needs to be said about them. When they were asked to help the company they defaulted - pun intended. Many shattered friendships for life I suspect.

  • Ace1177 Ace1177

    Buddy265: I take offense to your comment:

    " main point. Taking responsibility for you own actions. First off anyone playing online poker that is owed money and says they did not know online poker was going into meltdown and considered illegal at the time in the US is full of &*&^^%%$$#%^%."

    How was I supposed to know that online poker was going into a meltdown? How did you know it was? And what do you mean 'considered illegal'? Online poker was never illegal and still is not! If I am mistaken, please refer me to the law that states it is.

    Also you cry about the players who weren't honest about their deposits not being withdrawn from their accounts, but what about players like me? I have only made one deposit on FTP, and that was for $20 back in 2005/06. And the only reason that took place was to honor FTP's requests in order for me to process withdraws. So, essentially, I have never needed to deposit on FTP, and therefore have not. But they do have my money (or the DOJ does now). And I have not been paid. Surly you don't mind if I complain a little, eh?

  • Stacker11 Stacker11

    String him up!!!

    Hope the DOJ does its job and finds all the players money that Howard and Chris paid themselves with and have been trying to hide for the past two years.

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