Barry Greenstein Announces Intention to Repay Debt to PokerStars

Charade You Are

Charade You Are

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Debi

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Awesome - had a feeling he would do this.
 
Kenzie 96

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So Barrys charities are gonna suffer eh? jk, good for him.
 
TEG2300

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Being weird in this world culture might not be an all bad thing.
Only the freaks survive.
 
Four Dogs

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tbh I was always a little surprised at how much heat Barry took when the whole story came out that he owed FT $400k and that he hadn't paid it back. Seriously, who the f*ck were GBT to be outing him? They didn't even own FT and it would have been irresponsible for him to pay it back to the crooks who did. We don't even know that he was in default. Barry's a class act. He is a little weird though.
 
Daniel72

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I don´t want to know how much money all these "pros" borrowed from full tilt, one of the reasons full tilt became a sinking ship...
 
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MiddlePair

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wow whatta guy! I wish a site would give me that kind of money.....nvm id just lose it haha
 
GOIVIT

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Berry is a class act, I can't say that for some of the other "borrowers".
 
JusSumguy

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This is the kind of thing that appeals to Guy Laliberte. Not a bad friend to have.

Kudos for being first Barry... you (fellow) weirdo. ;)

-
 
Debi

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I don't understand why they borrowed money from FT - much less why FT agreed to loan it.
 
Charade You Are

Charade You Are

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I don't understand why they borrowed money from FT - much less why FT agreed to loan it.

Treating our funds like they were their own. No way should they have been loaning $ to poker players.

Is he saying this only to come to peace with the poker community or maybe part of his deal. Would he actually say this if he was never caught. Don't believe anything about this person but the he is wanting to take advantage of whoever he can.

What deal?
 
Poker Orifice

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Is he saying this only to come to peace with the poker community or maybe part of his deal. Would he actually say this if he was never caught. Don't believe anything about this person but the he is wanting to take advantage of whoever he can.
What are you talking about?
Guy well-known for donating large sums to charities is person who takes advantage of whoever he can??? You've lost me there
 
Kenzie 96

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What are you talking about?
Guy well-known for donating large sums to charities is person who takes advantage of whoever he can??? You've lost me there




Don't know PO, donating all your winnings to charity for a number of years is a great way to fool people into thinking your a good guy. :confused:
 
Debi

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He is just posting irrelevant crap all over the forum without reading the threads - cleaning up!
 
Poker Orifice

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Don't know PO, donating all your winnings to charity for a number of years is a great way to fool people into thinking your a good guy. :confused:
I need to start donating (obv.). Hmm... well I did a bit of that today in the CC games.
 
OzExorcist

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I don´t want to know how much money all these "pros" borrowed from full tilt, one of the reasons full tilt became a sinking ship...

The amounts make Greenstein's loan look pretty trifling - Ivey reportedly still has millions in outstanding loans: http://www.subjectpoker.com/2011/07/ivey-benyamine/ (old story, but figures unlikely to have changed in the interim).

I don't understand why they borrowed money from FT - much less why FT agreed to loan it.

From what I remember reading direct from Barry and others at the time this story first broke, it sounded like it was mostly a convenience thing: it was just easier to "borrow" a few hundred thousand from the site owners rather than try to get that much deposited in any kind of hurry.

Personally I don't think there's anything wrong with the concept per se, provided it's done with the site's own money and not player funds like Full Tilt was obviously doing. B&M casinos do similar stuff all the time (whether it's really appropriate to hold B&M casinos and online sites to the same standard is another question, I guess).

As to why Full Tilt would want to do it... who knows? I'm guessing they probably figured a guy like Barry (and others like Ivey - not so sure what they were thinking with Benyamine :p)was good for the money and they were happy to do what it took to stimulate nosebleed action on the site.
 
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So he has money. AND. HE doesn't want to give it back. Makes sense. I'm sure the "loan" was to play in high market value games to promote there site. $400k is a drop in the bucket when 10% rake = 1 million a day. Dod the loan have a APR? If it did then it was a stream of revenue for PS. I don't trust any of this.
 
Charade You Are

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So he has money. AND. HE doesn't want to give it back. Makes sense. I'm sure the "loan" was to play in high market value games to promote there site. $400k is a drop in the bucket when 10% rake = 1 million a day. Dod the loan have a APR? If it did then it was a stream of revenue for PS. I don't trust any of this.

He borrowed it from FTP not Pokerstars. What do you mean he doesn't want to give it back?

You are probably correct that he used it to play the nose-bleed games there.

Barry has been a member of Team Pokerstars since 2006 after turning down an offer by FTP. I'm sure that entered into his decision to pay it back now.
 
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Well, at least he's going to pay his part of the FT loans, wonder if the rest will do the same..
 
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Corey

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Good for you Barry, I feel he is a poker player with integrity.
 
Charade You Are

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