FULL TILT POKER WAS 'A GLOBAL PONZI SCHEME'

FERGUSON

AN online poker company, formed and run by former card sharks was nothing more than "a giant ponzi scheme" federal investigators have claimed. 
Full Tilt Poker, formed by among others, world champion players Howard Lederer and Christopher Ferguson stand accused of "picking the pockets of loyal customers."
According to investigators, the company only had $60 million of the $390 million it owed its players in March and over the years they had allegedly used $444million of player funds to pay board members and other owners.