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ABSOLUTE POKER SCANDAL UNDER THE MICROSCOPE AGAIN
4/29/10 - The Absolute Poker cheating scandal continues to haunt the online poker company despite the passage of time, mainly because cover-ups are still suspected and many players feel that the culprits were not identified and should have been punished more severely for the multi-million dollar rip-offs perpetrated on players (although compensation has been paid).
This week Haley Hintze, a former and respected editor of Poker News who now has her own online blog, has published information and screenshots which, if unadulterated and true, cast new light on to an old but industry-significant scandal.
Hintze reveals in her blog that during her investigations into the Absolute Poker affair she was twice threatened with legal action by Scott Tom, a prominent figure in the dispute and allegedly a senior executive at Absolute Poker at the time. It didn’t stop her.
She has now come into possession of documents not previously made public, and these, along with her interesting expose of what happened, can be viewed at http://haleyspokerblog.blogspot.com/
In Hintze’s own no-punches-pulled words: “The greater truth? [Allan] Grimard and others may or may not have been heavily involved in the cheating, but Scott Tom was the real force behind the ongoing scandal at AP. While there is a miniscule chance that the evidence was somehow doctored itself before it reached me, its content correlates so well with what I'd already learned elsewhere that I believe it to be genuine. In full and honest faith, I believe the images you'll see to [be] undoctored, and that Scott Tom himself was the primary Absolute Poker cheater.”
Hintze provides the evidence behind her accusation in a long and convincing article detailing the issue and displaying the new information. It’s an absorbing tale of intrigue, technology and falsehoods that makes fascinating reading despite the elapse of over two years.
Moving on to a related issue which has intrigued many in the industry over the years, Hintze also addresses the business moves and significant amounts of cash that were involved in the purchase by Ultimate Bet/Absolute Poker/Tokwiro Enterprises associate Blast Off Limited of Excapsa and its poker software.
The blog publishes correspondence from the liquidators of Excapsa, XMT Liquidations Inc., which give an indication of the substantial monies that went into the deal.
Apparently, Blast Off Limited signed two Promissory Notes in June 2009 in favour of 6356095 Canada Inc. (formerly known as Excapsa Software Inc.) for US$41,900,000.00 and US$64,469,257.00.
The correspondence informed shareholders that a US$500 000 instalment had been missed in November last year, and detailed the possible moves that would follow if the account was not brought up to date. This included demanding full payment of all monies owed and the possible seizure of Blast Off shares reserved as security on the debt.
However, Blast Off appears to have made good, because a second letter advising that the issue has been negotiated and giving full details was also published.
The issue is still very much a live one, and shareholders can be thankful that XMT liquidator Sheldon W. Krakower, C.A. is so diligent and hard-nosed in looking after their interests.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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