Exclusive: PokerStrategy.com Receives New Full Tilt Poker Statement - 26/09

Full Tilt Poker has released a statement exclusively to PokerStrategy.com. In it, they comment on the latest happenings surrounding the company.

"Full Tilt Poker is not a Ponzi Scheme

On September 19, 2011, the Department of Justice issued a release stating that Full Tilt Poker was “A Global Ponzi Scheme.”  While the government has taken issue with the underlying activities of FTP, under any reasonable interpretation, there is no way to characterize the operation of Full Tilt Poker’s virtual online card room as a global Ponzi scheme.

A “Ponzi” scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi schemes do not involve any legitimate investment, but rather use the new investor funds to pay “dividends” to the initial investors.

Despite recent events, FTP remains committed to identifying a suitable investor and paying back its players in full."

Stay tuned to PokerStrategy.com for further press releases from Full Tilt Poker and us on @HQPokerStrategy.