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Ray Bitar and Bright Trading
- Thread starter lwlee
- Start date
That's if u agree that poker is illegal. Some tricky legislation got passed. Pokerstars has been one of best run poker company. After reaching an agreement with DOJ to bail out FT, they are at the forefront of returning to legitimacy when poker is reinstated.
Quote from icarus618:
If you read the Forbes article, it clearly states that the feds have been pursuing a civil forfeiture claim against PokerStars.
A few things.
-I have quite a bit of money locked up on these said networks, so full disclosure, my opinions could come across as bias.
-Volgaris is the truth, 100%. One of the smartest and most straight forward people out there. Kills it in sports betting.
-Chris Ferguson was a trader at bright, I believe he met Bitar there and they became cordial. It is still unimaginable why ferguson would ask Bitar to become CEO of an upstart online company when there were presumably other candidates in the industry that were way more qualified.
-If it is true that Bitar managed a bright office, then it might be possible that ferguson saw him in that leadership role and deduced his skills would translate well to FTP?
-I personally have no idea how Bitar became CEO. He was at my table in a tournament once and he seemed quite aloof regarding...everything.
-I have quite a bit of money locked up on these said networks, so full disclosure, my opinions could come across as bias.
-Volgaris is the truth, 100%. One of the smartest and most straight forward people out there. Kills it in sports betting.
-Chris Ferguson was a trader at bright, I believe he met Bitar there and they became cordial. It is still unimaginable why ferguson would ask Bitar to become CEO of an upstart online company when there were presumably other candidates in the industry that were way more qualified.
-If it is true that Bitar managed a bright office, then it might be possible that ferguson saw him in that leadership role and deduced his skills would translate well to FTP?
-I personally have no idea how Bitar became CEO. He was at my table in a tournament once and he seemed quite aloof regarding...everything.
Quote from lwlee:
That's if u agree that poker is illegal. Some tricky legislation got passed. Pokerstars has been one of best run poker company. After reaching an agreement with DOJ to bail out FT, they are at the forefront of returning to legitimacy when poker is reinstated.
Of course online poker is illegal in this country. Currently in the U.S., PokerStars is no more legitimate than any other online poker site regardless of how you want to spin it. You even state yourself that "tricky "legislation got passed. What is there to dispute?
Now, if you're asking for my opinion whether online poker SHOULD be illegal, my opinion is it should not, and I don't even play poker. We all know why such a law was passed, however, and it had nothing to do with protecting people from themselves.
Quote from atticus:I don't see what any of this has to do with Bright or empty parking lots. Don and Bob could shut down BT tomorrow and retire with 100s of millions.
See if this connects it for you.
I believe most of the traders at Bright Trading lost money. All of the players at Full Tilt lost their money. An Ex Bright manager orchestrated the Full Tile debacle and according to Forbes faces 145 years in prison.
The funny thing is that those that lost at Full Tilt, thanks to the Poker Stars purchase have a much greater chance of getting their money back than those that suffered losses at Bright.
My opinion is that members and/or ex members of the Bright management team are responsible for 1) the empty parking lot and 2) the loss of tens of millions of dollars by tens of thousands of players.
Management Styles? Birds of a Feather?
How much Don and Bob have stashed from all this is hardly the point.
Jack