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The Department of Justice has approved the first round of payments to former customers of Absolute Poker and sister site Ultimate Bet. The feds said in April that it would begin compensating victims of the defunct poker sites that were based overseas.. Absolute Poker, founded in. Click to Play!

Cereus Poker Network was an online poker network comprising Absolute Poker and Ultimate Bet. The site is now insolvent and not processing player withdrawals. Cereus is owned by a private company, Blanca Games. Blanca Games bought all Network assets in August 2010 from Tokwiro Enterprises. The Cereus network ... Click to Play!

According to a press release by the Department of Justice and the Garden City Group, Absolute Poker and Ultimate Bet players will now have an opportunity to recover the money they lost some six years ago. Per the DOJ: “Joon H. Kim, the Acting United States Attorney for the Southern District of New York,. Click to Play!

History of UltimateBet (UB). The online poker world has seen more than its fair share of ups and downs since its inception in the late 1990s. One of the most egregious scandals to hit the industry involved one of the largest sites, Ultimate Bet. This site has had a series of missteps along the way, but still managed to compete ... Click to Play!

Ultimate Bet, Absolute Poker Victims To Receive More Than $30 Million - Poker News

After six long years, players at Absolute Poker and Ultimate Bet finally will receive money they are owed, bringing a close to leftover player accounts.
A Look Back at the Ultimate Bet Scandal. 08:02 13 Sep. It's been quite a while since we witnessed what is probably still the most controversial event in online poker's relatively short history. Anybody who has ever discussed their card playing hobby with family and friends has surely at one time or another been met with ...

Absolute Poker Superuser "POTRIPPER" Cheating (Part 1 of 4)

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Absolute Poker & Ultimate Bet refunds are finally on the way. US & ROW players can now file a claim to get back the funds they had frozen on April 15, 2011.
Absolute Poker/Ultimate Bet Claims Administration.
One of the first poker rooms to launch in 2011, Ultimate Bet became one of the largest poker rooms in the world. They gained prominence early on as the online poker home of Phil Hellmuth. Site traffic grew significantly as the poker room decided to stay in the United States after the UIGEA passed in 2006. Unfortunately, the ...
Crime is Slate's crime blog. Like us on Facebook, and follow us on Twitter @slatecrime. At the end of April, a website called UltimatePoker.com opened.

Poker Players Get $33.5 Million From Absolute Poker, Ultimate Bet Claims

ultimate bet
The scandals at Absolute Poker and UltimateBet only erupted after several frustrated players began investigating the cheating on their own. A look at the players' investigation and the response by online poker officials:
Ultimate Bet Update. Due to recent developments with Ultimate Bet, we can not recommend them to any players. Instead, we suggest you read our Luvin Poker review. Luvin Poker still accepts US players and is on the growing Everleaf network. All links will redirect to Carbon Poker.

ultimate bet One of the first poker rooms to launch in 2011, Ultimate Bet became one of the largest poker rooms in the world.
They gained prominence early on as the online poker home of Phil Hellmuth.
Site traffic grew significantly as the poker room decided to stay in the United States after the UIGEA passed in 2006.
You can read more in our History of UltimateBet UltimateBet was launched in 2001.
The poker room signed several well read more professional poker players including Phil Hellmuth and Annie Duke to help promote the online poker room.
These professional players had an ownership stake in the company.
UltimateBet quickly became the fourth largest online poker room.
The poker room also had several skins in its early years.
Devil Fish Poker and Green Tie Poker were among those skins.
Exscapa owned the software but was never licensed by the KGC.
All entities were acquired by Tokwiro Enterprises in October 2006.
Jim Ryan, current CEO of Party.
UltimateBet Cheating Scandal UltimateBet, later referred to as UB.
While Absolute Poker eventually acquired them, the two cheating scandals were unrelated, although they shared many of the same characteristics.
The cheating appeared to start on or around June 2003.
The cheating continued until at least December 2007.
That is the time that high stakes players at the Two Plus Two poker forum began to realize that there was cheating at the high stakes no limit tables.
When the cheating first started at UltimateBet, the company was owned by Http://the-best-slot.top/betting/bets-hockey-game.html />The company went public in 2006.
The company was brought private after the went into effect.
The company decided to sell the company on credit to Absolute Poker in late 2006.
The company was bought by Tokwiro Enterprises, who also owned Absolute Poker as part of a later exposed shell game.
This was during the middle of the cheating at UltimateBet.
The online poker community click here buzzing with mountains of proof that something shady was going on at UltimateBet.
The company refused to acknowledge the accusations even though there was ample proof in poker forums and the company appeared to have known it was going on well before players discovered the irregularities.
It appeared part of the reason that the company did nothing was because UltimateBet insiders were the actual cheaters.
Not only did they fail to do anything about the cheating, they even tried to cover it up after it was discovered.
The cheating was being facilitated by a superuser account.
Auditmonster2 was the superuser account used.
Auditmonster1 also existed but there was no proof it was ever used to cheat UltimateBet players.
Auditmonster2 would observe tables without playing the game.
The observer could see all cards dealt to players at the table.
This account would tell the cheating players all of the holdings at the table held by the other players.
The cheating players knew when to make bluffs and when to call bluffs.
The cheats also knew when to fold second place hands.
Most hands that the cheats would lose were hands that were checked down or where the cheat would get all in and get drawn out.
There were a handful of times the cheats would call a small bet and lose to try and cover their tracks.
UltimateBet Investigates Cheating On March 6, 2008, UltimateBet finally made a public announcement stating that they were investigating the cheating claims.
This included the deletion of the most obvious cheating account, NioNio.
It is interesting to note that Absolute Poker had taken over by then.
The two poker rooms were operating separately at the time, but Absolute Poker management was heavily involved in UltimateBet.
NioNio stopped playing under that name on September 4, 2007.
That was the same week that the Absolute Poker cheating scandal was exposed.
The user of this account was able to have his username changed after that time.
Further research showed that NioNio, and another cheating account Nopaddles, had their usernames changed by UltimateBet support.
Other accounts were closed or had their names changed immediately after the cheating scandal broke.
It was obvious that insiders at UltimateBet either facilitated what was going on or were the cheats themselves.
There were dozens of cheating accounts.
To this day, many of those accounts have never been named.
UltimateBet Admits Cheating In May 2008, UltimateBet admitted that insider cheating had occurred.
The company stated that they would issue refunds to players that were cheated.
While some players did receive refunds, many players felt that they were either short changed or never paid at all when they were due money.
Cereus Network Launched In June 2008, Absolute Poker and UltimateBet merged their player bases.
The Absolute Ultimate bet software was used for the new network.
Their software would keep the look and feel of the previous UB software but it was really just a skin of Absolute Poker with a different color scheme and logo.
The UltimateBet software was no longer used at UB.
This money would end up lost when Absolute Poker and UltimateBet had most of their assets seized by the U.
Government on April 15, 2011, a date referred to as Black Friday in the online poker community.
On September 29, 2008 KGC distributed a press release.
The KGC stated that UltimateBet would refund all players that were cheated.
KGC ultimate bet noted that the proper law enforcement authorities had been notified.
A http://the-best-slot.top/betting/tab-online-bet-types.html of 23 accounts used 117 different usernames during that time.
A total of 31 people associated with eWorld Holdings were potentially involved but were never named.
Victims Sue UltimateBet Eight superuser victims filed suit against UltimateBet in an attempt to recover stolen funds in January 2011.
ClubWPT Using Cheating UB Software ClubWPT is a subscription based U.
The World Poker Tour licenses its name to be used for the website.
ClubWPT is legal in most U.
The software used at ClubWPT is the same platform that hosted the years of UltimateBet cheating.
Shell Games Tokwiro Enterprises reportedly sold the company to Blanca Games in August 2010.
Blanca Games was essentially an empty shell.
It was discovered later that this move was done to shield the company from a lawsuit filed by the former owners of UltimateBet.
It was also later discovered that the company was also trying to hide from its preferred shareholders.
Most or all of that was never paid.
Avoid KGC Sites This is another example of why players should avoid playing on KGC sites.
This is one of several failed online poker rooms that were licensed by KGC.
This was also not the first time an insider cheating scandal surfaced where insiders stole millions of dollars from players under ultimate bet watch of KGC.
Players http://the-best-slot.top/betting/bovada-baseball-prop-bets.html also avoid playing at ClubWPT.
The software is considered to be vulnerable to the same type of cheating that was discovered at UltimateBet.
For this reason, players should not pay for a subscription there.
Players that are interested in playing there should mail in a postcard to ClubWPT for free membership.
ClubWPT is required to offer a free membership under sweepstakes laws.
Lessons Learned From UltimateBet There were several lessons learned at UltimateBet.
The site was full of incompetent employees.
The software company created a backdoor to the system ultimate bet allowed players to see hole cards.
This created an insider cheating scandal that lasted for years.
Players started noticing oddities as far back as 2003.
There were countless accounts associated with transfers to and from Hamilton.
All of this was exposed when the site was still up and running.
Players chose to play there anyway, citing a shell game with as the reason the site was now safe.
UltimateBet merged with Absolute Poker, another site with an insider cheating scandal.
Neither site paid players all that was owed.
Both tried to cover up the crimes and then asserted that the theft was on a much smaller scale.
When affiliates start getting slow-paid, that is a sign that there are financial problems.
UltimateBet offered great rakeback deals good bonuses for the U.
All of these problems were ignored by players.
All of these issues should have been red flags.
If a site is cheating players, the people behind it are rogue.
The lesson is to not play at sites that steal.
What UltimateBet Was Like UltimateBet was once one of the top three sites in the U.
It was the first to attract a stable of professional players.
Annie Duke and Phil Hellmuth were the best known.
The tables were circular.
http://the-best-slot.top/betting/betting-exchange-market-share.html poker room spread unusual games that included Seven Card Stud, Pineapple and Pineapple 8 or Better.
In its early days, they awarded extra VIP points to players that helped start tables.
The ClubWPT subscription poker site uses the old UltimateBet software.
Pala Interactive appears to be developing a New Jersey poker platform using the old poker software as its base.
The CEO of UltimateBet during the cheating scandal,is CEO at Pala Interactive.
The CEO of the former software company, Greg Pierson, is CEO of Iovation.
A device reputation program known as iesnare was created through the UltimateBet software by the company that is now known as Iovation.
That product is used at offshore online gambling sites in an attempt ultimate bet prevent fraud.
Russ Hamilton is believed to be in Aruba working in the gaming industry.
Scandals Related to UltimateBet Player Funds Lost?
Yes Last Payout: 2011 Additional Resources: UltimateBet was scandal ridden.
While not directly related, Absolute Poker had a cheating scandal that used the same method.
The two sites later merged to become the Cereus Network.
Pitbull Poker also used rogue software to help insiders see hole cards of opponents.
The site went private after the UIGEA was enacted in the U.
boyles betting were eventually stiffed by the newly formed company that went through several shell games.
One of those was Blanca Games.
That ultimate bet stopped getting paid well before Black Friday and filed for bankruptcy shortly thereafter.
Speaking of Black Friday, it was another scandal involving UltimateBet that carried over into other sites.
Executives at Cereus, the network of the combined Absolute Poker and UltimateBet, were indicted on April 15, 2011.
That date is known as Black Friday.
PokerStars and Full Tilt were also indicted on Black Friday.
Cereus and Full Tilt imploded after the indictments were unsealed.
Financial improprieties were exposed.
There were more scandals related to UltimateBet well after the site closed.
It was was using the same software.
Iovation, a company derived from UltimateBet, tried to.
Iovation, even with its history, managed to gain licensing in Nevada after much debate.
All of this proves that online poker needs licensing.
It would prevent those with dirty hands to get back into the industry under the excuse that there was never a conviction.
Player Impact UltimateBet players were cheated twice.
The network used player deposits to pay back some of the affected players.
The same thing happened when the Absolute Poker cheating was discovered.
After Black Friday, it was clear the funds were not available to pay players.
Nearly everybody that had money on deposit at UltimateBet was lost.
A handful of players received small cashouts after Black Friday.
Justice Department decided to pay UltimateBet victims in 2017.
Affected players may file a claim at Absolutepokerclaims.
Related Failed Sites The Kahnawake Gaming Commission declares Russ Hamilton to be the mastermind behind the UltimateBet cheating scandal.
This transaction turns out to be a sham.
Prop players are given priority.
Pierson was caught in a recording trying to cover up the extent of the UltimateBet cheating scandal.
The old UB software may be under development there to be used in New Jersey.
Did UltimateBet players ever get paid?
Justice Department set up a claims process for UltimateBet victims in 2017.
The site to file a claim is Absolutepokerclaims.
Players have until September 30, 2017 to file a claim.
This website does not accept wagers or provide any gambling services.
These sites are both great resources and can provide you with help for your addiction.

Absolute Poker Superuser "POTRIPPER" Cheating (Part 1 of 4)

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Absolute Poker/Ultimate Bet Claims Administration.


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Total 5 comments.