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13 Oct 2011
9 Oct 2011
FTP – Alderney License Finally Revoked
FTP – Alderney License Finally Revoked
Filed Under Online Gambling News, Online Poker News
We have been waiting with baited breath to find out the outcome of deliberations between Full Tilt Poker (FTP) legal representatives, and the Alderney Gambling Control Commission (AGCC). A hearing in this regard, took place ‘in camera’ last week in London, and there was huge hue and cry regarding the fact that the hearing was not made public. After over a week of deliberations the AGCC has revoked all FTP licenses with immediate effect. Licenses for trading as Full Tilt Poker were held with Oxalic Limited, Vantage Limited and Filco Limited. Orinic Limited – a recent sub-division licensee of FTP, remains suspended for now.
The reason for this decision is cited to be “serious breaches in regulations”, and follows, perhaps not so fast on the heels of the suspension of all licenses on June 29th 2011.
The hearing was held over six days, and it seems to be true to form – that FTP was found to have “fundamentally misled the AGCC”. This is with regards to their operational integrity. The Alderney Gambling Control Commission released a statement today which in no uncertain terms said; that FTP had failed to report material events, had breached regulations by making use of unauthorized credit provision, and had reported that funds were liquid, despite the fact that these funds had been seized by US authorities.
It looks to us that the serious poker minds behind Full Tilt Poker have tried to pull off the biggest bluff of their careers; only this time it did not work. They have been accused by US authorities of making payments in the millions, to shareholders, while their loyal members have paid the price. In fact the US Attorneys Office has publicly called this once famous online poker site, a Global ‘Ponzi” scheme. This is a very hectic allegation to make publicly, so, we assume that perhaps the DoJ is sure of their evidence?
Tags:FTP – Alderney License Finally Revoked
Filed Under Online Gambling News, Online Poker News
We have been waiting with baited breath to find out the outcome of deliberations between Full Tilt Poker (FTP) legal representatives, and the Alderney Gambling Control Commission (AGCC). A hearing in this regard, took place ‘in camera’ last week in London, and there was huge hue and cry regarding the fact that the hearing was not made public. After over a week of deliberations the AGCC has revoked all FTP licenses with immediate effect. Licenses for trading as Full Tilt Poker were held with Oxalic Limited, Vantage Limited and Filco Limited. Orinic Limited – a recent sub-division licensee of FTP, remains suspended for now.
The reason for this decision is cited to be “serious breaches in regulations”, and follows, perhaps not so fast on the heels of the suspension of all licenses on June 29th 2011.
The hearing was held over six days, and it seems to be true to form – that FTP was found to have “fundamentally misled the AGCC”. This is with regards to their operational integrity. The Alderney Gambling Control Commission released a statement today which in no uncertain terms said; that FTP had failed to report material events, had breached regulations by making use of unauthorized credit provision, and had reported that funds were liquid, despite the fact that these funds had been seized by US authorities.
It looks to us that the serious poker minds behind Full Tilt Poker have tried to pull off the biggest bluff of their careers; only this time it did not work. They have been accused by US authorities of making payments in the millions, to shareholders, while their loyal members have paid the price. In fact the US Attorneys Office has publicly called this once famous online poker site, a Global ‘Ponzi” scheme. This is a very hectic allegation to make publicly, so, we assume that perhaps the DoJ is sure of their evidence?
Tags:FTP – Alderney License Finally Revoked
Google Small Business
Google Small Business
Check out the all new "Google Small Business Blog"
Many new features added, with tools & tips for small
to medium sized businesses.
Check out the all new "Google Small Business Blog"
Many new features added, with tools & tips for small
to medium sized businesses.
8 Oct 2011
7 Oct 2011
Apple (United Kingdom)
Apple (United Kingdom)
Steve Jobs - 1955-2011
Apple has lost a visionary & creative genius, and the world has lost an amazing human being. Those of us who have followed his work or have been fortunate enough to have worked with Steve who has inspired people all over the world has lost a dear friend and an inspiring mentor. He leaves behind a company that only he could have built - The founder of apple. My personal opinion is that apple are going to have to do a hell of a lot of work to compete in the market, especially the way the economy is heading. Without
Steve jobs I think Apple may be buried with him. "Only the good die young; All evil is said to live forever" My condolences go out to you steve. You will never be forgot.
R.I.P (A scholar & a True Gentleman)
Apple has lost a visionary & creative genius, and the world has lost an amazing human being. Those of us who have followed his work or have been fortunate enough to have worked with Steve who has inspired people all over the world has lost a dear friend and an inspiring mentor. He leaves behind a company that only he could have built - The founder of apple. My personal opinion is that apple are going to have to do a hell of a lot of work to compete in the market, especially the way the economy is heading. Without
Steve jobs I think Apple may be buried with him. "Only the good die young; All evil is said to live forever" My condolences go out to you steve. You will never be forgot.
R.I.P (A scholar & a True Gentleman)
4 Oct 2011
Adobe - CS5.5 Master Collection
Adobe - CS5.5 Master Collection:
Get Creative With a Free trial of Adobe's CS5.5 Master Collection - It does exactly what it says on the box.
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Get Creative With a Free trial of Adobe's CS5.5 Master Collection - It does exactly what it says on the box.
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