More fallout from the PPC Poker Tour. PokerStars support has a little fun with a Twitch streamer while playing at PokerStars. These stories and more are in the Wednesday Hit and Run.
PPC Poker Tour Receive Civil Racketeering and Fraud Charge
Some players participating in the PPC Poker Tour Main Event in Aruba in early November have yet to be paid their full winnings. Now some of those players are taking action.
Owners of the PPC Poker Tour, Bryan Oulton and Sandy Swartzbaugh, now face a civil racketeering and fraud charge from a lawsuit filed on January 3rd. A Maryland state court has also issued a restraining order with litigation pending. The restraining order prevents Oulton and Swartzbaugh from engaging in any business for the time being. It is believed that over $370,000 is owed to players that reached the final table of the PPC Aruba Main Event.
The motion filed on Tuesday refers to the actions of the PPC as a “Ponzi scheme,” and claims that they failed to segregate prize money from operational funds.
“PPC has been operating a complex international Ponzi scheme involving poker tournaments at myriad casinos inside — and outside — the United States for at least one year and potentially for as many as four years. It is now apparent that the Ponzi scheme has reached its final legs, PPC has invaded the trust holding the Plaintiffs’ money, and a mad dash toward illegality has come to subsume the financial and operational affairs of PPC with its fraudulent patterns and practices now publicly exposed.”
– PokerStars support hilariously trolled Twitch streamer tonkaaaaP during a recent broadcast. Check it out below.
– The first PokerStars Championship looks like it setting up for a fast start. Over 250 online qualifiers from over 40 countries are scheduled to attend PokerStars Championship Bahamas set to kick off January 6th. It will be the first major poker tournament of the season.
– ICYMI: Part Time Poker’s Lorin Yelle has posted his take on how buy-in increases that players demanded over the last few years may have done some unattended consequences.
– How about a feel good story? Dan “KingDan” Smith has raised $1.7 million in his latest charity drive, easily matching his goal of $175,000. Top DFS players Martin and Tom Crowley were among those making large contributions of $200,000 and $500,000, respectively.
– Does Phil Galfond and Lucky Chewy Poker represent a new brand of online poker sites? OPR’s Steve Ruddock takes a look at how new upstarts are trying to change the face of online poker.