PokerStars is looking a helluva lot like Wall Street giant JP Morgan, compared to Full Tilt Poker mirroring JT Marlin, the chop house investment firm in the film Boiler Room.
Unless you’ve been in a coma or trapped in a mine the last few weeks, the big news of the day — the DOJ called out Full Tilt Poker as a global Ponzi Scheme. Man, I know something really bad happened in the poker realm when non-poker friends are emailing me Wall Street Journal articles, such as…. U.S. Alleges Full Tilt Poker Was Ponzi Scheme.
Ponzi scheme? Full Tilt Poker? Full Tilt Ponzi Poker.
Shouldn’t the DOJ be knocking down doors of 200 West Street or 23 Wall Street and locking up the real career criminals responsible for the financial collapse of 2008 and bilking taxpayers for billions in bailouts?
While thousands of disgruntled Americans are protesting in the streets of the financial district in a movement called Occupy Wall Street, the DOJ is focusing their attention on Howard Lederer and Jesus Ferguson. It’s not JP Morgan head vampire, Jamie Dimon, that the federales are after, but rather, public enemy number one, two, and three were a former computer geek and bookie who teamed up with a semi-successful day trader, Ray Bitar, to pull off the greatest incident of fraud in the poker realm with the inception of Full Tilt Ponzi Poker.
For more on the Full Tilt brouhaha, follow Paul McGuire at TaoOfPoker.com.