As reported earlier, it was likely that the AGCC would suspend Full Tilt Poker’s license after the poker room was not able to meet the requirements set out by ther Gambling Control Commission.
Last week, Full Tilt Poker lawyers were still denying the company working as a Ponzi-scheme, while Rafe Furst issued an open letter on the accusations received from the DoJ.
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!
