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Absolute Poker Absolute Poker VideoThe biggest cheating scandal in online poker history
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The deadline to submit Petitions for Remission was Thursday, September 7, While these reviews are being conducted, GCG will continue to accept Petitions, but late filings will be subject to review at a later date and at the sole discretion of the Department of Justice.
It was by far the smallest of the three sites left in the U. This story would all come to a crash landing on April 15 th , — Black Friday as it is known in the online gaming industry.
That day, indictments against the owners of the remaining U. This sparked panic and outrage in the industry. However, as Absolute Poker was so much smaller, it seemed as though all was lost.
Tom and the other founders had scattered, and only one saw jail time as a result of the actions against them. In , the fate of the balances of Absolute Poker players seemed to be a distant memory.
Then, without warning, the Department of Justice made an announcement: they had enough money left over from the PokerStars settlement to be able to offer both Absolute Poker and Ultimate Bet players refunds if they could remember their player information.
At almost the very same time that this announcement was being made, another announcement was being made: Scott Tom was turning himself in.
While he could have faced up to 15 years in prison, he seems to have gotten away with only a few days in jail, while being able to return to his island paradise.
The online gambling world has seen a wide range of company founders, but perhaps none as hell-bent on making their names as the founders of Absolute Poker.
This group of twenty-something year old friends tore through the industry, launching a poker brand from which they were able to afford a fantastic lifestyle.
Their rise and fall is a thing of legend in the space, and gained public notoriety when they sold the rights to their story to Ben Mezrich, who turned it loosely into the book Straight Flush.
In the end, the cheating scandals and Black Friday shut down a site which, had it continued, may have taken more money from players than it ended up being responsible for when it ultimately shut its doors for good.
This site will be a stark reminder that the online gambling industry needs to continue to improve its operational security and transparency with players to ensure that everyone who wants to spend their money playing cards online feels safe.
Absolute Poker Fast Facts. He also made it clear that he had no interest in making things right. The tape proved that the extent of the scandal was much larger than originally thought.
The Ultimate Bet and Absolute Poker scandals underscore the potential danger of using online gaming sites, especially following the Black Friday scandal.
And many players have altogether given up playing poker online. Clearly, the acrid taste of online poker scandals is lingering.
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