Shocking: Offshore Gambling Site Was A Ponzi Scheme

You are already pressing the envelope of moral hazard with the business plan of "Offshore online gambling company," but make it an online poker company, and we're talking about one dangerous sandwich of a proposal.

I mean, you want a sandwich, and sure, it's an old chicken salad sandwich, but you're hungry, and...oh my. This particular chicken salad sandwich? You got out of a vending machine, one you just realized was not plugged into anything. Mmm. Salmonella! It's the Ponzi Scheme of sandwich flavors, just like Full Tilt Poker was the viral chicken salad sandwich of internet gambling companies

The U.S. Attorney in the Southern District of New York filed a motion Tuesday to amend an earlier civil complaint to allege that Mr. Ferguson, Mr. Lederer and two other directors for the website, Full Tilt Poker, operated what the Justice Department says was a Ponzi scheme that allowed the company to pay out $444 million to themselves and other owners, which included other famous poker players.

Thus continues the fallout from the stupidest decade in American history since the last one, a time when no one actually tried to make money my making things or inventing new things, and instead just figured out ways to get people to throw money down holes labeled "Ol' Dollar Bill Brad Moneymaker's Money-burpin' Holes." These holes did not burp money, and instead went straight to the pockets of people named Brad. There are only seven of them, and we all work for them now because as a nation we really dumb enough to be outfoxed at Connect Four by particularly gifted samples of animate kitchen mold. 

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.