Poker Forum

Even if you paid the money to a DOJ fund you would still owe the money to FT2 if you’re debt is part of their assets. You should pay money now. And you have now trying to make the money just help U.S players. You don’t owe the money to U.S players.

Barry makes some good points but I cant imagine they would just hand it over. I would think there would be paperwork presented indicating where the money would go. Anyhow, good interview Brett and Elaine! We always appreciate hearing these given we want to know when the heck we will get our money back!

Thanks again and keep them coming if you can.

Mike

this whole thing just reeks of corruption, lies, and deception. Terrible step back for online poker and it seems to just get worse and worse.

Barry is a true class act...Lifetime gambler and poker player, his word is much more important to me than the crooks at Full Tilt. Barry, you are the man, don't pay em a cent until they agree to pay the US players.

How can Barry be faulted when the money was so loosely being thrown around at Full Tilt? It was a total freeroll and its not Barry's fault, its the crooks at Full Tilt...No interest loans with a phone call, what kind of loan system is that? How could you not take a loan like that if it was available????

I had honestly not considered what GBT's motivations were. I was so drunk on getting refunded and getting back online ASAP that I was clamoring for all the debtors to repay now to help the DoJ deal go through. I never stopped to consider what the repercussions might be. For all we know, GBT might just be another Bain Capital who'll pitch FTP to the side of the road when a sufficient profit has been reached, leaving the players hung out to dry. Granted, I think we Americans would have something of a safety net in at least a partial refund per the deal, but what about non-American players? And could we get a better deal than $0.80 per $1.50? Our actions have consequences, and Barry helped me see that we might regret what we wished for if we want to rush this deal through. Plus, it's nice to know that not 100% of the players in this convoluted mess are motivated by pure greed.

BTW, +1 to bluestone77, I agree. Y'all at Pokernews keep up the good work!

If the forfeiture agreement has been finalized with the DOJ, then Barry (and others) should be putting that money into the DOJ forfeiture pool so that this deal gets done ASAP. I understand Barry has some concerns about where to best repay the money, but all in all, it sounded pretty lame. He's owed the money for years and never repaid it, admits he owes it, so pay it off! It's not his duty to ensure somehow that it goes to American players (though I appreciate the sentiment).

P.S. paying it off is also the FASTEST way to distance yourself from the FT fiasco

Respect Barry!

You owe money, you pay it back, period. This basket of lame & weak justifications is sort of like hoping the friend that loaned you money dies and you conveniently feel you don't have to pay it back. If you have the $400,000 Barry, give it to your lawyers in trust and get away from this FullTiltPoker fiasco which is bad news for your reputation, especially in light of your involvement with PokerStars, because it can easily get blown out of proportion and - unfortunately - cost you a lot more than $400K.

Hmmmm..is this the same Barry Greenstein that has had a lot of negative things to say about Full Tilt in the last several months? Interesting considering that you owe the site and players money. Nothing honest or forthcoming as if this never came up you would not be going to the DOJ and saying "hey-owe FT money and can add to the pool to pay back US players"..you would be skipping for joy that you would not have to payback almost half a million dollars. My recommendation would be to pay up, shut up and stop thinking that you have anyone fooled.

Barry has no reputation. He's full of shit and likes to hear himself talk. Pay the damn money!!!!

barry i guess is a sneaky man without integrity after all. im not saying he's a bad person or a thief like some of the full tilt
boys. but just because ft didnt ask for money back doesnt mean he didnt have to pay back! c'mon. you borrow, you pay back asap period.
so your decision to pay back depends on how much the lender pester you about the money? no integrity. and dont try to justify
not paying back with rationale that money may not go to players. that's not the issue barry. very disappointing. no gamblers code of honor.

How quickly they forget! This is the man dubbed, Robin Hood for all the hundreds of thousands (Millions?) he has donated to children's causes for many years. Not the kind of man I would describe as anything other than honorable. Here he is stepping forward to acknowledge that the debt is his to pay, not to deny it.
Bravo to Barry, always a class act. Successful in business (Symantec) at the tables and with family!

Everyone claiming that Barry should have to pay the money back ASAP has no idea how money lending works. If an institution lends you money, typically it's for a pre-determined amount of time, or in a zero-interest case, it could be open-ended. But it doesn't mean that institution just gets to pick a day, show up and say "All my money, now." It's easy to cry "Pay it back immediately," but those weren't the terms of the loan. Things obviously changed with Black Friday, and it is the prosecution in this case, the DOJ, who should be determining the repayment plans and options, not a potential buyer.