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Professional poker player Tom Dwan discusses how the scam at Full Tilt Poker has impacted the game.
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Goes on the Department of Justice says the online -- -- full tilt Coca was a big Ponzi scheme.
It was supposed to have more than 400 million dollars in play -- funds in its.
But -- only had about sixty million dollars yet according to the DOJ it was still paying millions of dollars to -- -- Joining us now is one of the biggest victims of them.
Pro -- play Thomas long right Tom this is a very big story not just in the poker playing community.
So on the -- -- to the New York Times on the front page of the what Wall Street Journal and the headline.
In the -- -- post says.
-- up Ponzi.
So this is a big story and how much did you lose.
Well if they don't pay out and it was -- like guarantee you'd that I give back all the Miami if you full tilt.
So that that's gonna cost me a bit of and there are various friends that I had pieces of -- have money online.
But I actually busted my account when I was on the USO tour about a week before and so.
Personally in my capital -- thing but I wish there was so.
I just everybody understands you all considered to be one of the top five I think top five poker players in the world.
And you have made millions of dollars playing poker is that accurate.
Government a bit.
Good diplomat to look at you made -- bet you've done very well is it -- Ponzi -- full tilt poker in your opinion.
Is that bonds or not it's obvious enough Ponzi scheme and I mean that's not to justify.
Clearly having a poker site not happen all the players money is -- complete joke and that's not it's ridiculous that happened.
We're calling it a Ponzi scheme is there's obviously unfair Ponzi scheme don't mix.
Ponzi schemes -- tens of millions dollars a year in which and -- -- -- how to do it if it's not a Ponzi scheme.
Would you say that the photos I believe there are three or four people in question how they -- it's.
Well there was a ton of mismanagement.
IA I don't think there is the intention.
From the start to commit our but there were a lot of things done that were.
-- -- -- Bit of not having all player front is completely verdict is is the end this on -- they -- not the end all but is this a huge black guy file online -- Well obviously yeah it's a huge like a as of -- should be a initiative -- player ones in.
Before close -- do wanna find out how much are you out and -- if you lost at least a million.
Wolf more than that if if they don't -- back because I sort of give back all the wanted to give me so that's a bit over okay.
Tom Dwan one of the world's great poker -- as we understand thanks so much for joining us today human Las Vegas get back to the tables do you view -- If you play actually at the tables or -- strictly an on line -- You cannot play in the blog real lot.
And it's a little earlier who wears -- Las Vegas our goal we'll start with.
Okay it's what 73211.
And ultimately you've been -- my Hampshire -- yes -- no I haven't actually I went to sleep more -- first on the other government parents.
Aren't gonna believe it.
But we believe it though we thank you very much -- -- is today it's a very big story and we glad you helped is that coverage.
Excellent stuff on the wanted to want thank you so appreciated.
