According to the complaint, the players were contacted separately by one or more agents for htop secret roulette lloret de mar PPC and an individual purporting to be counsel for a third-party creditor of PPC in other words, an as-yet-unnamed financial backer of the tour seeking to get a return.
ClickItBak, 03:43 PM # 14 ClickItBak enthusiast Join Date: Sep 2014 Posts: 97 re: PPC Poker Tour ( Bryan Oulton Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.
Enough so that they could pay out casino del sol job fair 2017 the prize pools in the past events.
Should be held responsible, as the casino had a representative who was present throughout. Fourth-place finisher Lerners official winnings were 48,126, while Ott was supposed to receive 32,085 for fifth, and Sandoval 21,930 for sixth.So the PPC (Player's Poker Championship) is a small poker tour that was running in Aruba in the void left.How is it possible no players have been complaining thus far?Editors Note: This is a developing story, check back for updates.
Geezer Soze, 06:41 PM # 17 hedgecock banned Join Date: May 2007 Posts: 226 re: PPC Poker Tour ( Bryan Oulton Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.
PPC was, in essence, operating as a Ponzi scheme at all times relevant, utilizing funds obtained for one purpose to pay individuals owed funds for another purpose, constantly masking this chronic misappropriation until such a time as an insufficient flow of new monies proved inadequate to make good.
The complaint, whose authenticity has been verified by VerStandig, was filed on behalf.
ClickItBak, 05:14 PM # 15 insanepain centurion Join Date: Jun 2012 Posts: 135 re: PPC Poker Tour ( Bryan Oulton Sandy Swartzbaugh ) Very Likely a Ponzi Scheme.Here is some information.Each year they take these 5k packages from running satellites or events at each property and get paid by the casinos for the in good faith that they will then correctly escrow the funds and use it for the prize pool in Aruba later.Count 6: Aiding and abetting negligence; defendants Swartzbaugh and Oulton.The complaint alleges Maryland Live!I believe this is likely the case.