Top

Howard Lederer Sighted at WSOP

June 13, 2016 by  

The 2016 World Series of Poker is currently ongoing. As usual there is a lot of famous players in the halls. Popular professional poker players as well as Hollywood celebrities can be seen at the Rio All-Suite poker rooms. But there is also a very unpopular player that decided to play some poker in Vegas this summer – Howard Lederer.

Howard Lederer, one of the leading figures behind the poker site Full Tilt Poker, decided to enter the $10 000 No Limit 2-7 Single Draw Championship.

Lederer was once a very popular player and a respected entrepreneur. But after the FBI and the Department of Justice shut down Full Tilt Poker in 2011, the mismanagement of the popular poker site was immediately brought into light and Lederer got a lot of the blame. Even though Lederer had stepped down as CEO of the company he was still a founder and a board member of Tiltware LLC, the company that launched Full Tilt Poker in 2004. The Department of Justice claimed that Full Tilt Poker was a Ponzi scheme that allowed Howard Lederer, Chris Ferguson, Rafe Furst and Ray Bitar to pay out close to $450 million to themselves and other owners. Late in 2012 Howard Lederer settled a civil lawsuit with the Department of Justice.

Full Tilt Poker is now a part of Amaya Gaming. The site operates under the name Full Tilt. Poker is still the main focus, but the new owners are making some big changes and you can now play a wide range of casino games and other games under the Full Tilt brand. There have also been some minor improvements since Amaya Gaming bought the site. The bonus offer for new players is better and the site can be set into different languages such as English, German, Russian, French and Swedish. But the most popular news since Howard Lederers’ departure from Full Tilt Poker was that the players got a guarantee to get their money back. It took years but eventually players did get their money back.

Howard Lederer was a quiet figure during this time and was heavily criticized for it. People wanted answers and an apology for what had happened. Just recently Lederer made a public apology via Daniel Negreanus blog on fullcontactpoker.com where he wrote: “I take full responsibility for Full Tilt’s failure to protect player deposits”.

Even though some time has passed, players got their money back and Lederer apologized, a lot of players were unhappy to see Lederer back at the tables. Nevertheless he is playing in the 2016 World Series of Poker and he made it to day 2 in the $10 000 No Limit 2-7 Single Draw Championship.

© 2016, VegasNews.com. All rights reserved. All content copyrighted or used with permission. All rights reserved. This content may not be distributed, modified, reproduced in whole or in part without prior permission from VegasNews.com






...
Now you can Follow VegasNews.com on
Facebook, Pinterest, Google+, Instagram and Twitter!

Shop Best of Vegas for all your Las Vegas Travel needs!
Las Vegas News Websites

Follow us on Social Media!

Friend us on FacebookFollow us on TwitterAdd us to Google+Follow us on PinterestJoin Bryan on LinkedInRSS FeedFollow us on Instagram
Advertise on VegasNews.com
Sidebar links, graphic ads, poster ads, sponsored articles, hot-linked terms! Click for Examples!

Nick Kallos' Casino Gaming School for casino dealers in Las Vegas. Learn to deal Roulette, Blackjack, Craps, Poker, Baccarat and Pai Gow Poker.

Learn to be a Casino Dealer in Las Vegas!

Click here!










VegasNews.com covers celebrity sightings, upcoming shows and concerts, hotel & casino news, nightclubs,
travel information, sports, plus information about restaurants, conventions and tourist attractions. We have
some of the greatest celebrity photos you've ever seen so check us daily for the latest news about Las Vegas!

VegasNews.com

Copyright (c) 2004-2017 Bryan Eggers
Send news, editorial comments, suggestions and press releases to
Editor