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Daily 3-Bet: AP Forfeit, Aussie Sellout, durrrr Blocked
The PokerListings Daily 3-Bet is a floppy-hat-and-fake-mustache sting operation right under the noses of the afternoon poker news establishment.
Any suggestions for a future 3-Bet, feel free to drop a note in the comments.
Today in the 3-Bet we check in on Absolute Poker’s less-publicized asset forfeiture, Aussie payment-processing turncoat Daniel Tzvetkoff’s lingering disappearance and Tom Dwan’s writer’s block.
1) Absolute Poker Forfeits Assets to US Government
Lost in all the hullabaloo over the PokerStars/Full Tilt consummation this week was a related notice from the Federal Government that it had seized the assets of Absolute Poker in exchange for dropping all civil liabilities (save for a few).
According to papers filed in court, as Bloomberg News reported, the forfeiture includes:
- Deposited funds
- Hardware and
- Intellectual Property
U.S. Attorney Preet Bharara also said the Absolute Poker database of players is likely to “substantially decrease in value if not sold soon.”
The full list of parties included in the settlement are Absolute Poker, Ultimate Bet, Absolute Entertainment, S.A., Blanca Games, Inc., Hoop & Javelin Holdings Limited, Hoop Payment Solution Services Ltd., and Morning Bliss Overseas Ltd.
The deal was still not “an admission of culpability, liability, or guilt," although Absolute Poker payment processing chief Brent Beckley was still sentenced to 14 months in prison for his bank and wire fraud charges.
2) Aussie Payment Processor in for "Lifetime of Pain"
An interesting piece on Aussie payment processor Daniel Tzvetkoff was published in the Melbourne Herald Sun today suggesting he may have made a bum deal with the US DOJ given the recent settlements of indictees.
An integral part of the grand jury indictments against PokerStars, Full Tilt and AP/UB, Tzvetkoff has dropped out of sight since his arrest in Las Vegas in 2010 (although a pic of him in Manhattan has been circulating).
Tzvetkoff allegedly “stole” about $100 million from the poker sites while processing online poker payments from US players illegally and then turned on the companies to keep from being sent to jail.
According to the writer, Paul Toohey, he may have turned too soon:
“As for Tzvetkoff, the genius kid from Queensland, you have to wonder whether he's done a bad deal.
“Did all those threats of facing "75 years in prison" get to him?
“Most of the men he employed to do his work have had jail terms of less than a year. And as for the really big boys in online poker, the stage seems to be set for them to pay their way out of jail.
“There also are federal authorities, and many creditors, waiting for Tzvetkoff back in Brisbane. Where does he go next? And do the US prosecutors even care?
“Seems like he could have taken a year or two in a US prison and claimed he'd done his time.
“Instead, by talking his way out of jail, his freedom may cost him a lifetime of pain.”
3) durrrr Can’t Quite Get His Full Tilt Thoughts in Order
Despite not really being a central figure in the whole Full Tilt debacle (he wasn’t an owner or even a long-term sponsored pro), Tom Dwan somehow managed to become a bit of a spokeperson/torchbearer in the wake of the Black Friday indictments.
He appeared on FOX news, was very present in the forums and even famously guaranteed $1 million of his own money to pay back players if things didn’t get sorted.
He’s off the hook now it looks like, but he still seems personally invested in "making things right," so to speak.
Reaching out to his fans via Twitter this week, durrrr suggested he’s got some things to reveal about what he did/didn’t know during the whole process.
A blog or interview is forthcoming, he says, but a few days later nothing has materialized:
Lol at ppl giving the doj the credit for today. I'll do a long interview or blog detailing who to rly thank and some random stuff— Tom Dwan (@TomDwan) July 31, 2012
Can the asshole who put the "ponzi scheme" wording in doj's release be fired now please?— Tom Dwan (@TomDwan) July 31, 2012
Jus had 3long paragraphs written out (took me abt 2hours I write slow), and comp died. Turned it back on and my words r there— Tom Dwan (@TomDwan) August 1, 2012
Apologies to anyone hoping to hear me on 2p2 pokercast. I wanna get this one right. Blog taking a while— Tom Dwan (@TomDwan) August 1, 2012
No ETA has been given but we'll wait with bated breath. We bet it'll be a doozy of a post.