The DoJ accused Chris Ferguson, Howard Lederer, Rafe Furst and Ray Bitar of having paid themselves and their co-leaders of the company over $443 million from the players’ money. At the time, FTP spokespeople were denying the charges. Today, the AGCC released a statement, in which they declare that they have revoked Full Tilt Poker's license.
You can read the exact reasons of the Alderney Gambling Commission in this 26-page report.
As it can be read in the statement, "the revocation of FTP's licences does not, as has been suggested, prevent a reactivation of the business under new ownership and management".
We are curiously waiting what the French investors have to say about this.
Stay tuned for more up-to-date news concerning the FTP scandal!
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