Greenstein Responds to FTP Debt Allegations

Barry Greenstein
Barry Greenstein

Poker pro Barry Greenstein, a surprise name mentioned in the recent interview with Bernard Tapie Group lawyer Behn Dayanim regarding pros that owe Full Tilt money, has responded.

Calling the outstanding debts a "serious obstacle" to completing the deal, Dayanim named several players including Phil Ivey, David Benyamine and Greenstein as having outstanding debts they are seeking to have paid before the takeover.

Saying he's been inundated with calls from poker media, Greenstein said it would be easier if he responded in a public place and made a statement concerning his debt on 2+2:

Statement below:

"I borrowed $400,000 to play on Full Tilt a few years ago, before PokerStars had high stakes games. I didn’t pay it back, hoping that some people who owed me and had money on Full Tilt would pay me there so I could use that against the debt. (I'm only owed about $150,000 now).

"I have assumed when this case is resolved, the DOJ will allow methods for dealing with debt to FTP.

"Tapie Group contacted me last week and asked if I would pay them directly. Their attorney offered me the opportunity to pay in installments so I could have a chance to use money owed to me. He even offered me the opportunity to discount my debt if the US players don’t get paid in full"

"I told him that I have never paid less than I owe on any debt and I would rather wait until the DOJ establishes a fund for the US players. I don't believe my debt has any impact on the sale to the Tapie group as they have alleged.

"I was concerned about taking money due to US players and giving it to the Tapie Group because it is understood that the Tapie Group won't be the one paying the US players.

"On the other hand, I realize that the total debt counting other players is substantial, especially because I would include in that tally any money taken from FTP once it had become insolvent."

See the full post along with an excerpt from the letter Greenstein sent to FTP's attorney here.

Greenstein also suggested everyone who owes money to Full Tilt discusses it openly for "a better chance that they will make good on their debts" and so "money will end up in the pockets of players with balances on FTP."

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