But the thing is a lot of the money's still went on accounted for, including forty four million dollars that were paid to Howard Lederer Over the course of full-tilt. Now Howard ended up settling with the DOJ, But only to the tune of 2.5 million See yeah. You can say that he probably got away with it.
He also did this interview where he was gon na come forward and talk about what happened. But uh things didn't exactly become more clear. I don't know, I don't know, I don't know, but I don't know I don't know. I have no recollection. I remember one time at a party now You might be wondering well What about Ferguson, What was going on with him and there isn't as much Information.
No one because he wasn't quite in as prominent a role as Howard Lederer. The problem is it's not really clear how much Chris Ferguson was involved in the day-to-day operations of the company. He claims he had nothing to do with them, But it's not really exactly easy to find out what role he played if any, in the way that player funds were Mismanaged, I mean maybe, for example, He had actually no idea about the side of the company and Is actually somewhat innocent, However, it could be anywhere from that to all the way towards He knew exactly What was happening and he he was being paid money.
That was actually you know supposed to be protected in players. Accounts, There's really no way for us know the exact degree of how guilty he is in the situation now after Black Friday, Both guys laid low for a bit while trying to figure what they were going to do obviously settle any any cases they had ongoing. But realistically neither one of these guys ended up going to jail.
You know they were not Convicted of a crime as much as that hurts. I think a lot of us the way that they handled the company. You know, at least maybe they didn't do their dude due Diligence to make sure the funds are being handled correctly, But whatever the case may be, these are innocent people Within the eyes of the law and in our country you are innocent until proven guilty. So we do have to have some degree of respect for that. However, Even if they are innocent, that does not make them automatically good people, I think, to at least some extent.
Howard letter Probably had some knowledge about the way funds are being handled and makes some mistakes along the way while receiving money. Chris Ferguson Also certainly possibly, is part of that, so I'm not gon na Just let them off the hook because they are innocent and now they're back in the poker community. I'D be like. Oh, it's cool man Yeah, Those millions of dollars that people might have not been paid. If PokerStars didn't step in and agree to pay out those players.
Yeah, it's cool, No sweat, look! Here'S the thing when you run a company and when you're the largest shareholder in a company, It is part of your responsibility to make sure that people get paid out. What'S rightfully theirs.
You know I don't have a very large company, absolute poker, obviously my training site, But if people were paying and not getting their training, then obviously I would be responsible for that and just because this company was operating in a much larger scale, it doesn't absolve you Of your Personal responsibility to take care of the customers that trusted you with a lot of their money.