re: Poker & Should the Poker Community Forgive Chris Ferguson?
Let's see what Negreanu says about banning Ferguson and Lederer:
(from his blog)
Chris Ferguson: At this point, it appears that Chris Ferguson’s role in the demise of FTP was that of a board member. Once Black Friday hit, he has completely disappeared. No statement, no sight of the man in almost four years since that dreaded day. Based on what I’ve gathered, he was essentially MIA when FTP was trying to find a buyer so they could pay back the players. That’s been confirmed to me by several sources. He essentially hid under the covers hoping it would all just go away.
So, does his behavior and lack of willingness to stand responsible for his role in the crash of FTP warrant a WSOP
ban? No, I don’t think so. I’m not pleased by how he handled things, disappearing just never seems like the most responsible choice, but to my knowledge Chris has never cheated anyone at the poker table.
Howard Lederer: As many of you likely know I’ve been very critical of Howard and his handling of the FTP mess that occurred a few years ago. There is no question, that he, the other board members, as well as the owners were all at fault for FTP not being able to pay back it’s players after Black Friday.
Do I think it was a ponzi scheme? That’s an absurd notion. Do I think it was gross negligence by management? Absolutely. A lack of oversight allowed for Ray Bitar to run the company into the ground. I’ve heard from various sources that not only was Ray in over his head, he was flat out lying to the other owners about the financial status of the company.
Howard, for many years was an integral part of operations at FTP before stepping down at some point before Black Friday. Most people assumed he was still running things, and Howard certainly played the part of the “guy behind the guy” if you will.
Once the news broke that FTP was insolvent, based on sources I’ve spoken to, Howard spent every day trying to find a way to get the players paid. Many of the owners didn’t agree with the direction Howard wanted to take the company, but it seemed to be a consensus that Howard’s main purpose and motivation was to get the players paid.
In come PokerStars to save the day, and players have been made whole as far as I’m aware. PokerStars bought FTP and paid back all the outstanding debts. So at this point, while you can like or dislike Howard Lederer as a person- that is your choice, of course, I think it’s clear that he should have every right to play in WSOP events. Aside from players having been paid now, to my knowledge he has never cheated at poker, nor have there ever been rumors about him doing so.
AND Negreanu regarding Lederer's apology:
“The choice to accept his apology is a personal one,” says Negreanu. “For what its worth, I personally believe the apology to be genuine.”
**** you Daniel - you sure didn't think it was a personal choice as to what other's should think about Howard and Chris when you were crucifying them in your rants.