According to former PokerNews Editor-in-Chief Matt Parvis, on August 30 he received a phone call from someone representing Lederer.
The unnamed person told Parvis that Lederer was willing to break his silence with a sit-down interview with PokerNews.
After a week of preparation and a video-interview format was agreed upon, Lederer and Parvis met at The Palazzo hotel in Las Vegas on Saturday, Sept. 8 at 5 p.m.
A seven-hour interview has now been compiled from the footage and is being released in seven parts beginning today.
The first part deals with the origins of the company, the general dissatisfaction of the FTP board with Ray Bitar, segregation of player funds, the beginnings of shareholder distributions and more.
The second deals with the decision to stay in the US post-UIGEA, his relationship with payment processors, the question of cash on hand being greater than customer deposits and Lederer's decision to resign from management in 2008.
Slumped over to the side of his chair, Lederer vacillates between contrite and apologetic and bristly and obstinate in tone depending on the subject.
Find the first two parts of the interview below. More details on how the interview came about here.