Then one day your $50,000 is gone. You were 100% positive your deposits were
ok since no company would ever steal your own money, your own deposits in
attempt to save the company would they. Holy Shit. They did. Now your $50,000
is gone but you still read stuff from the owner and listen to his stories.
Would your post have the same tone to it ? Would you still be telling the other
people that had their money stolen, their own money used in attempts to save
the company, to calm down and give this thief another break ?
Looking forward to your reply.
#1 - He's trying to get something going, but at no point did he ever say
he's doing so to pay people back. He's looking at it as a new venture, and
all the past shit has floated down the river and we should all just carry on
and forget about it. Recently, he's begun wondering if paying people back
is the only way to get them off his back.
If someone asks you to donate $100 to a charity, let's say you tell them no.
Then, they point a gun at your head and again ask you to donate to this
charity. Now you do. Does that suddenly make you a better, charitable
person? Of course not. Boyd feels he's got a gun to his head with all the
people pestering him, so now he's WONDERING if it would make sense to pay
people back. He's no less of a scumbag.
#2 - He DID have the opportunity at one point to unload the whole mess he'd
gotten himself into: sell the software for the outstanding debt, pay
everyone back and walk away a poorer, but wiser and more experienced person
(with some moral fibre still attached). He chose to be GREEDY and not
accept this offer.
When you say this type of thing happens in the real world, you're forgetting
one thing. The people who pull this sort of stuff off, even from more
established companies, find themselves in serious legal trouble when the
interests of the shareholders (or equity participants or anyone with what's
claimed to be a sequestered account (banks, S&Ls, etc)) get embezzeled or
compromised in any way. It's not a fair defense for the CEO or CFO of a
bank to throw his hands in the air, yell "we're bankrupt!", and have stashed
away $40 million in assests somewhere that can't be touched. That is a
serious crime, and the only reason Boyd is getting away with it is that
there's no jurisdiction from which former Pokerspot players can launch a
lawsuit.
"David Mills" <davidm...@yahoo.com> wrote in message
news:vv6b9db...@corp.supernews.com...
An additional reason is that a lawsuit would probably cost as much as the
funds to be recovered. Dutch Boyd got away, sad but true.
TD Lowball --
_________________________________________________________________
Posted using RecPoker.com - http://www.recpoker.com
Initially, he was confronted with some business decisions and he made some
moves that turned out to be dumb. That was too bad, but certainly excusable,
as a lot of us have done dumb things.
Then, he was confronted with an ethical decison. He had the opportunity to do
the right thing but chose instead to be greedy and immoral.
As my religion teaches the power of redemption, I hold to the hope that he
might someday see the error of his ways and turn from them. In the meantime,
any excusing of his behavior will have to come from a source higher than those
of us posting on RGP.
Edward Hutchison
Madison, MS
Point systems for evaluating poker starting hands:
http://PokerProfessor.homestead.com/links.html
I think they are performing a public service. Wouldn't you want to know this
salient information before you thought about depositing money at a poker site?
Unfortunately, for Boyd, I think he has little chance of making this venture
succeed. Too many enemies. And you writing a post saying to stop whining
ain't going to stop anything.
Investors in his site should be heavily forewarned that it will fail because of
all of these disgruntled poker players. They will pester other players there
and raise doubts. There are many other choices when it comes to where to play
and a lower rake fee won't overcome people's fear of losing their money.
And players lose because a lower rake fee would benefit us as well. Boyd is
not the person though to set this in motion.
I would be pretty upset if I lost my money at a site and I saw the same person
setting up another poker venture.
Cheers
>
>
>
>
>You played on the site
>for a year, kept it up and running, and kept a nice tidy balance of $50,000
>on
>the site.
>
>Then one day your $50,000 is gone.
Of course, anybody lame enough to keep that amount of money online in the
fledgling days of the internet is not entirely blame free for his losses.
>Subject: Re: Dutch Boyd and the Pokerspot Issue
>From: klingvi...@aol.com (KlingvilleBill)
>Date: 12/31/2003 1:24 PM Pacific Standard Time
>Message-id: <20031231162436...@mb-m22.aol.com>
This statement is simply untrue. Anybody who wants to commence a lawsuit
against Dutch Boyd can do so in virtually any state they find him in (there
may be a few states which would not entertain the action). The real problem
is that unless you can show actual theft of the money by Boyd all you can
really prove is a debt owed by the corporation (not him personally).
Jurisdiction is a non-issue for a civil action since he is here in the US.
A criminal action raises jurisdictional issues.
Those who've tried to find a way to sue Pokerspot and/or Boyd personally
have had all these questions answered.
"Pete" <nos...@nospam.com> wrote in message
news:wDHIb.97466$JW3....@twister.nyroc.rr.com...
Boyd didn't do that. He ratholed the assets for his own personal use later.
If he'd actually gone thru some kind of disolution of assets and made a
distribution to the depositers that would have been an appropriate response.
But, he didn't do that.
He didn't start out to be a theif. But, that's what he is.
Gary Carson
I just will no allow him to take off any more people!
_________________________________________________________________
_________________________________________________________________
Actually thats not what you said, you specifically addressed the reason
people didn't sue him.
HAHAHAHA..........What a loser.
Ummmm........yeah, ok.
Another internet tough guy..........LOL........what a lowlife.
"Pete" <nos...@nospam.com> wrote in message
news:lGJIb.26678$q55....@twister.nyroc.rr.com...
"David Mills" <davidm...@yahoo.com> wrote in message
news:vv6qkn...@corp.supernews.com...
Another whiner...............
By the way, I've never met the guy.
However, for the most part, the victims of Dutch have handled it pretty
reasonably. Occasionally they warn others to be careful of his new website
and when someone post a question about him they post an answer. I think this
is a very decent thing to do. Some would even say that they ethically should
warn people of their experience. I know ethics may be confusing to Dutch and
his supporters, so I don't expect you to understand this.
They even seem to take assholes like you in stride.
"David Mills" <davidm...@yahoo.com> wrote in message
news:vv6s588...@corp.supernews.com...
----== Posted via Newsfeed.Com - Unlimited-Uncensored-Secure Usenet News==----
http://www.newsfeed.com The #1 Newsgroup Service in the World! >100,000 Newsgroups
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Happy New Years
> Some of these people have lost a great
> deal of money to this jack-ass...
That's the twist. Most of his critics on this board
have not lost a cent.
"Nat Silver" <mat...@worldnet.att.net> wrote in message
news:y9LIb.572475$0v4.22...@bgtnsc04-news.ops.worldnet.att.net...
No, this type of thing does not happen every day in the business world.
Let's say you're going to set up a new business, as a general contractor.
You sell shares of stock in your new company to investors. You also sell
your business services to customers, who place orders with you to supervise
construction of their buildings. Whenever you sign a contract with a
customer, they are required to pay in advance for the work, starting with
10% immediately, and then they must continue to make advance payments in at
least an amount deemed sufficient to cover next month's expenses on your
part.
Now the company folds. At the time, you had 10,000 shares of stock
outstanding. You also had $100,000 in corporate debt, money or supplies
lent to the company. You also had $200,000 in advance payments, the money
of your customers which had NOT YET BEEN SPENT on their behalf. However,
this money was gone, because you had been using it to pay for the debts of
the corporation, that is, if you hadn't used the customer's money, the
corporate debt would've been $300,000 instead of $100,000.
The money lost by the stock investors, that happens in the business world
every day. The money lost by the banks and suppliers who lent you cash or
supplies, that happens in the business world every day. YOUR illegal use of
the customer advance payments for corporate debts, that is illegal, and
while it happens a lot more than it should, it does not happen every day.
The advance payments were made in trust, that money NEVER belonged to the
corporation, it was supposed to have just been held for use in making
payments for that customer's projects, as the money was spent on their
behalf.
That is what Dutch Boyd did. He took the money that player's had in THEIR
accounts, money that NEVER belonged to him or to Pokerspot, and used it to
pay debts of Pokerspot. Then, when Pokerspot folded, the player's money was
gone, and their was nobody or nothing left to repay them. That makes him a
thief.
I didn't ever play at Pokerspot, and didn't lose a penny. But many of my
friends did. If I ever enter a tourney and am at the table with Dutch,
well, I'll be stuck there. But he will know what I think of him.
Later, Greg Raymer (FossilMan)
"David Mills" <davidm...@yahoo.com> wrote in message
news:vv6b9db...@corp.supernews.com...
Lance
"David Mills" <davidm...@yahoo.com> wrote in message
news:vv6b9db...@corp.supernews.com...
WAH, WAH..........Go cry about it you bitch.
>Well true. I kept alot at Party Poker in the starting days and could have
>lost
>it as well. But Party Poker wasn't run like PokerSpot was.
Easy to say that now,but how did you know then?
Some people did try to take money out and were unable to do so. Remember some
of the very creative excuses, such as "sun spots"?
Other may have put in smaller amounts of money (did they have 'freerolls"
there?) and worked that money up to sizeable bankrolls that they couldn't get
out (or partially out) of the site due to liquidity issues (I'm wondering why
else anyone would have sums of 50K at the site when the games didn't play that
high) And while their investment may have been less than their loss, it is
still a loss nonetheless. Remember Russ Boyd's comment concerning these people?
Joan
Lance
"KlingvilleBill" <klingvi...@aol.com> wrote in message
news:20031231162436...@mb-m22.aol.com...
He wants an "investor" (sucker) to put up 1.5 million to start his new
site and payoff the debt for him.
Asking for someone else to payoff your debt is trying to make amends? LOL.
David Mills wrote:
> It seems to me that he is trying to get something going so he can pay his
> players back at
> some point. I would be happy that he is trying to resolve this issue, 95% of