From PokerNews,com 12/18/12
According to a Stipulation and Order of Settlement filed on Tuesday, former Full Tilt Poker board member Howard Lederer has settled his civil case with the Southern District New York.
Lederer was one of four Full Tilt Poker board of directors named in a September 2011 Amended Civil Complaint in which the Government sought the forfeiture of $42.5 million paid by the company to Lederer. The U.S. Attorney's Office alleged that Full Tilt Poker operated as a "massive Ponzi scheme," and claimed that the board defrauded the players out of more than $330 million.
In September of this year, Lederer and the other board members were named in a Second Amended Civil Complaint, introducing new forfeiture charges including the purchase of assets with “illegal proceeds.” The Second Amended Complaint gave a detailed account of Lederer’s expenditures from the end of 2006 up until September 2011, and provided records indicating that Lederer used illegal funds for retirement funds, mortgage payments, property taxes and to purchase numerous vehicles...
This Friday night, November 9, 2012, the Chicago Cultural Center will see the 7th Annual Chicago Poker Open, benefiting the Boys & Girls Clubs of Chicago, presented by Joel Schaub and Guaranteed Rate. The event is expected to sell out this year, with space for 150 poker players, and 150 casino players and other spectators. You may register online (and secure a discount) by going to ChicagoPokerOpen.com and clicking the registration link.
The winner of the event will take home the "Rain Man Getaway" - featuring two first-class tickets on United to Las Vegas, a four-day, three-night stay in a new tower at Caesar's Palace, dinner for two in Las Vegas, and a custom suit and shirt courtesy of Balani Custom Clothiers. Other prizes include electronics - iPods, televisions - sports paraphernalia, a Lake Michgan cruise and dinner, gift certificates for restaurants and massages, a Skyliner Bicycle, and more.
Celebrity invitees planning to attend include perennial supporter, columnist, and movie critic Richard Roeper, former Chicago Bear Chris Zorich, sports host David Kaplan of Chicago Tribune Live, Urban Prep Academies' Tim King, Cook County Commisioner John Fritchey, Alderman Rick Muñoz, Christina Scoleri from Mob Wives Chicago.
There will be Add-On and Re-Buy opportunities Please check out the Tournament Rules and Regulations.
This year we will also be joined by some of the Chicago Blackhawks Ice Crew, on the felt, and on the gaming floor!
Well Guys... We did it.
In my last blog, which was my first blog in 4 months, I discussed my failures during this Summer's World Series of Poker. I highlighted the aspect of having "emotional control" while dealing with downswings, and the resilience necessary to keep competing at the highest level. I discussed my perspective on the importance of learning through failure, identifying the value gained, and continuing the uphill battle as a more prepared, improved warrior.
Perhaps I was having a moment of clarity the day I wrote that blog, but I did make a lot of sense. I had noticed a huge progression in the way I was handling everything. I felt more like a "grizzled veteran" in the game. I could feel myself gaining that grasp on my emotions, which has been the biggest leak in my game for some time. I also knew that a had a lot of work to do to improve in this particular area, so I made it the focus of my thoughts. I was on my way to Biloxi to play the WSOPC series... and that is where we left off.
During the Biloxi series I played very well and, more or less, laughed off each of my bust outs. This was obviously a very good sign. Throughout the week I played a lot with John Dolan and hung out with him away from the table. I learned a lot about a lot, lets just say that. In the $1125 event I played great... near perfect. I steam rolled everyone the entire day and made the final table of 9 with 40% of the chips in play. We came back the next day and I did just the opposite. I made 2 marginal mistakes, both times doubling up the short stack. I had a slipped a little but didn't lose that many chips, and was still in 2nd place. The old man who had just busted a player doubled his stack and had me barely covered, although we were both head and shoulders above the other players remaining. 4 hands later I got it all in pre flop against this guy with KK to his AA and was busted in 6th place. I made like $5K, but 1st place was $30k. Bad luck right? No. My marginal mistakes cost me the ability to have him covered and as a result I had no chips to fight back with. The way I see it, I had cost myself $25k. I was upset with myself but was aware of the errors I had made and identified them.
Also, read Aaron's interview with Cardplayer magazine: http://ow.ly/dZMDx