Jamie Gold Responds to $12 M WSOP Lawsuit
 

Here's the link to Cardplayer's column. Not much detail. Does anybody have access to the full statement.

http://www.cardplayer.com/poker_news...lass=PokerNews

Doesn't give any details concerning the dispute.

6 Mil maybe just to much money to part with.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

Now it's making sense why Jamie considered throwing it to avoid all the publicity.

He was trying to avoid having to own up to his promise and getting hammered in the media.

I wonder if he'll ever be able to live this down.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

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Now it's making sense why Jamie considered throwing it to avoid all the publicity.

He was trying to avoid having to own up to his promise and getting hammered in the media.

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Sorry, but that doesn't make any sense. The guy who filed the lawsuit said that they agreed to split any winnings. If Gold finished 2nd and won $6 million, the other guy would have sued for $3 million.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

When I read stuff like that I start thinking English is my second language. Please, somebody tell me what the hell that means.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

That's true, but at that point he wouldn't be the infamous ME champ with this dark cloud hanging over him. He'd be the 2nd place finisher and who ever remembers them?

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

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That's true, but at that point he wouldn't be the infamous ME champ with this dark cloud hanging over him. He'd be the 2nd place finisher and who ever remembers them?

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WTF?

A dark cloud is worth $6M to you?

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

No, but from this point forward he'll be famous for trying to screw this guy out of 6m instead of being famous for winning the ME.

This once in a lifetime event is now forever tarnished for him.

I've said my peace on this topic. [img]/images/graemlins/smile.gif[/img]

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

From the ealier CP article:

Leyser claims the breach of their contract <font color="blue"> has caused and will continue to cause him irreparable harm</font>. He’s also stated publicly, “if Gold obtains the total sum of the winnings, Leyser <font color="blue"> will suffer further irreparable harm</font>.”

Some poster claimed to know this guy and described him as a stand-up guy. Sounds like a guy after a quick buck (6 million in fact).

Legality of any agreement aside, perhaps the two decided to split the winnings, say $20-40k if Gold actually made it into the money, if the dude helped Gold find celebrities to endorse Bodog.

Nice little earner, no problems there.

But Gold actually made it BIG. How on Earth does this justify a $6M payday?

If this is how it went, it's pure greed and makes me feel pretty sick.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

I also don't understand how the casino can be forced to withold payment (tho it sounds like Gold hasn't even asked for the cheque yet).

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

[ QUOTE ]
From the ealier CP article:

Leyser claims the breach of their contract <font color="blue"> has caused and will continue to cause him irreparable harm</font>. He’s also stated publicly, “if Gold obtains the total sum of the winnings, Leyser <font color="blue"> will suffer further irreparable harm</font>.”

Some poster claimed to know this guy and described him as a stand-up guy. Sounds like a guy after a quick buck (6 million in fact).

Legality of any agreement aside, perhaps the two decided to split the winnings, say $20-40k if Gold actually made it into the money, if the dude helped Gold find celebrities to endorse Bodog.

Nice little earner, no problems there.

But Gold actually made it BIG. How on Earth does this justify a $6M payday?

If this is how it went, it's pure greed and makes me feel pretty sick.

[/ QUOTE ]

A deal is a deal.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

Wow, you have a twisted way of looking at it. Gee, what is the magic number at which it becomes okay for Gold to default on his obligation?

In my book, you can't make an agreement with someone and then wuss out later because it would be advantageous for you. I hope Gold loses this case and pays the guy what he owes him.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

I knew the day Gold made the FT and cunnigham didn't win Poker + the ME would change in a bad way... [img]/images/graemlins/frown.gif[/img]

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

[ QUOTE ]
From the ealier CP article:


Some poster claimed to know this guy and described him as a stand-up guy. Sounds like a guy after a quick buck (6 million in fact).

Legality of any agreement aside, perhaps the two decided to split the winnings, say $20-40k if Gold actually made it into the money, if the dude helped Gold find celebrities to endorse Bodog.

Nice little earner, no problems there.

But Gold actually made it BIG. How on Earth does this justify a $6M payday?

If this is how it went, it's pure greed and makes me feel pretty sick.

[/ QUOTE ]

If Leyser has taped phone conversations that either Gold admits is his voice (or are proven to be Gold) and on these conversations Gold continues to assure Leyser not to worry, that he (Leyser) will get half of whatever Gold wins. Then IMHO Leyser is a stand up guy and Gold is a creep.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

We haven't heard Jamie or Jamie's people say that he (Jamie) does not intend to pay Leyser.

What I took from the PR statements was that Jamie wanted to settle the matter with Leyser without bringing in legal representation.

I never got nor do I have the impression (for the time being) that Jamie intends to stiff the dude.

I think we should wait and see how it plays out before we add this as another nail in Jamie's public opinion coffin.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

[ QUOTE ]
Legality of any agreement aside, perhaps the two decided to split the winnings, say $20-40k if Gold actually made it into the money, if the dude helped Gold find celebrities to endorse Bodog.

Nice little earner, no problems there.

But Gold actually made it BIG. How on Earth does this justify a $6M payday?


[/ QUOTE ]

Answer: the law of contract. If the contract was that they split any winnings 50/50, then the contract was that they split any winnings 50/50. They both knew that the there was a potential to win $12 million. If you ask me, Gold is a complete f9ckign idiot for making this deal. Your reaction is a common sense reaction - the consideration by Leyser for the contract - getting a couple of D list celebrities to wear Bodog shirts - does not seem sufficient to get him a $6 million dollar payday. However, if that was the deal, then that was the deal. And Gold is an idiot for making a bad deal.

Just listen to Gold's radio interview and you will be routing for this guy to lose in the courts. Total douche.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

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Just listen to Gold's radio interview and you will be routing for this guy to lose in the courts. Total douche.

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I listened to it and I was actually rooting for him to be kicked in the nuts by a rabid donkey.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

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We haven't heard Jamie or Jamie's people say that he (Jamie) does not intend to pay Leyser.

What I took from the PR statements was that Jamie wanted to settle the matter with Leyser without bringing in legal representation.

I never got nor do I have the impression (for the time being) that Jamie intends to stiff the dude.

I think we should wait and see how it plays out before we add this as another nail in Jamie's public opinion coffin.

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One obvious possibility is that Jamie Gold has some lawyers trying to cook up legal arguments as to why Leyser is entitled to something less than 1/2 the winnings. Another possibility is that they were just working out the tax ramifications of the whole thing. However, Lesyer filed a freaking lawsuit for chrisake. He obviously did not feel warm and fuzzy about Jamie Gold paying him his money. So far, it looks like Gold wants to pay Leyser something less than 1/2 or nothing, which is a total douche move. Gold may think its worth a shot to contest the contract in court. He obviously doesn't realize that when people sue each other, generally no one wins but the lawyers.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

I agree completely.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

[ QUOTE ]
From the ealier CP article:

Leyser claims the breach of their contract <font color="blue"> has caused and will continue to cause him irreparable harm</font>. He’s also stated publicly, “if Gold obtains the total sum of the winnings, Leyser <font color="blue"> will suffer further irreparable harm</font>.”

Some poster claimed to know this guy and described him as a stand-up guy. Sounds like a guy after a quick buck (6 million in fact).

Legality of any agreement aside, perhaps the two decided to split the winnings, say $20-40k if Gold actually made it into the money, if the dude helped Gold find celebrities to endorse Bodog.

Nice little earner, no problems there.

But Gold actually made it BIG. How on Earth does this justify a $6M payday?

If this is how it went, it's pure greed and makes me feel pretty sick.

[/ QUOTE ]

The "irreparable harm" phrasing is a legal term of art that is a condition for granting an injunction.

As far as I can tell, Leyser got paranoid because Jaime Gold wanted to structure the payment of the winnings to avoid paying full tax liability. Even assuming Gold promised half the winnings to Leyser, Gold hasn't done anything yet to indicate he intends to breach the deal.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

My understanding is that Gold was waiting to cash in so that he could set everything up to claim prize money in the most tax-efficient manner then Leyser became impatient (not that I would be patient with that much money at stake with someone I hardly know).

Also, I am still unclear as to why Jamie Gold ever promised half of his winnings in the first place.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

From one of the articles:

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Final table play on the last day of the championship event ...started at 2 p.m. Aug. 10.

About three hours beforehand, at 10:52 a.m., Gold left a message for Leyser, according to the complaint, in which he tried to reassure Leyser that he would be getting half of whatever after-tax winnings Gold won that day.

"I promise you - you can keep this recording on my word - there's no possible way you're not going to get half after taxes," Leyser claims that Gold said in the telephone message. "So please just be with me. I can't imagine you're going to have a problem with it. I just don't want any stress about any money or any of that (expletive) going on today, or even after the end of the day."

Later in the recording, Gold allegedly said: "But please just trust me. You've trusted me the whole way, you can trust me a little bit more. I promise you there's no way anybody will go anywhere with your money. It's your money."


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First, if Gold was going to back out, think he is going to leave that message as evidence?

Second, that "after taxes" sounds like Gold didn't realize he could have Harrahs give Leyser his cut and Leyser would be liable for the taxes on that part.

Thirdly, sounds like Leyser had already been pressuring him, even before the final day.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

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Also, I am still unclear as to why Jamie Gold ever promised half of his winnings in the first place.


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Despite his bluster, do you really think he imagined he would make the top 20?
And some reports made it seem like Gold wanted Leyser to play instead, but Bodog said Gold had to play. So then it would have been half of what Leyser won.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

I didn't realize that Gold and Leyser have only known each other since July. If that's the case, I assume that they're both just covering their asses and nothing more. 12 million is a lot of money and it doesn't surprise me one bit that there are lawyers involved at this point. They probably just want to get this done in a manner that best suits both parties.

I still think JG is a douchebag, FWIW.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

[ QUOTE ]
We haven't heard Jamie or Jamie's people say that he (Jamie) does not intend to pay Leyser.

What I took from the PR statements was that Jamie wanted to settle the matter with Leyser without bringing in legal representation.

I never got nor do I have the impression (for the time being) that Jamie intends to stiff the dude.

I think we should wait and see how it plays out before we add this as another nail in Jamie's public opinion coffin.

[/ QUOTE ]
Yea settle = pay less than he owes.
If he intends to pay, then pay and the lawsuit is over.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

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Also, I am still unclear as to why Jamie Gold ever promised half of his winnings in the first place.


[/ QUOTE ]

Despite his bluster, do you really think he imagined he would make the top 20?
And some reports made it seem like Gold wanted Leyser to play instead, but Bodog said Gold had to play. So then it would have been half of what Leyser won.

[/ QUOTE ]

Yeah, I read this, but I don't understand why Gold would have promised his seat away in the first place to someone he hardly knew for services not worth close to 10K. It seems there is much more to the story than has been made public so far.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

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But Gold actually made it BIG. How on Earth does this justify a $6M payday?

If this is how it went, it's pure greed and makes me feel pretty sick.

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Right on! I agree. Another thing I've been wondering, why the hell was Harrah's going to pay this gold digger dude 12 million dollars in the first place?!?! For what? For a few days of work?

Come on, I've never seen a greed like that. A normal guy would be happy to get a thousand or two for his troubles. I say, pay them both five grands and the initial investment and they should be thankful and happy. If not, to hell with them! (The same goes with all the lotto winners etc. greedy bastards.)

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

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And Gold is an idiot for making a bad deal.



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I doubt that anyone here knows all the facts of the situation yet. My understanding was that there was one seat and initially it was not clear which of them was going to take it. Before that was settled, they both agreed that whoever played, they would split any money.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

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That's true, but at that point he wouldn't be the infamous ME champ with this dark cloud hanging over him. He'd be the 2nd place finisher and who ever remembers them?

[/ QUOTE ]

Agreed. I hardly ever hear the names Sam'my' Farha and David Williams anymore.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

I believe David Williams changed his name to Brian Pumper. Or maybe it was the other way around? I always forget these things.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

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[ QUOTE ]
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Also, I am still unclear as to why Jamie Gold ever promised half of his winnings in the first place.


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Despite his bluster, do you really think he imagined he would make the top 20?
And some reports made it seem like Gold wanted Leyser to play instead, but Bodog said Gold had to play. So then it would have been half of what Leyser won.

[/ QUOTE ]

Yeah, I read this, but I don't understand why Gold would have promised his seat away in the first place to someone he hardly knew for services not worth close to 10K. It seems there is much more to the story than has been made public so far.

[/ QUOTE ]


Gold smooth-talked bodog into buying his $10k seat if he could get the celebrities there.
Gold then realized he didn't have any celebrities to get and he asked Leyser to help him out.

If Leyser hadn't helped him out there would have been no celebrities (hypothetically) and Gold wouldn't have even been in the WSOP in the first place.


Getting 2 stupid celebrities shouldn't be worth $10k.
But that's what bodog wanted Gold to do.
And gold was too lame to be able to do this on his own (despite the big game I'm sure he talked of himself).
Leyser totally saved him on this one.

Although if I was bodog and I saw the celebrities they had gotten I would have said, "Sorry...we thought you meant REAL celebrities for a $10k seat. These guys are MAYBE worth a $1500 2nd-chance event seat for you. Good luck."

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

Do you or anyone else know what the celeberties get in return for wearing the gear?

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

Their entry fee paid for I'd assume.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]

Also, I am still unclear as to why Jamie Gold ever promised half of his winnings in the first place.


[/ QUOTE ]

Despite his bluster, do you really think he imagined he would make the top 20?
And some reports made it seem like Gold wanted Leyser to play instead, but Bodog said Gold had to play. So then it would have been half of what Leyser won.

[/ QUOTE ]

Yeah, I read this, but I don't understand why Gold would have promised his seat away in the first place to someone he hardly knew for services not worth close to 10K. It seems there is much more to the story than has been made public so far.

[/ QUOTE ]


Gold smooth-talked bodog into buying his $10k seat if he could get the celebrities there.
Gold then realized he didn't have any celebrities to get and he asked Leyser to help him out.

If Leyser hadn't helped him out there would have been no celebrities (hypothetically) and Gold wouldn't have even been in the WSOP in the first place.


Getting 2 stupid celebrities shouldn't be worth $10k.
But that's what bodog wanted Gold to do.
And gold was too lame to be able to do this on his own (despite the big game I'm sure he talked of himself).
Leyser totally saved him on this one.

Although if I was bodog and I saw the celebrities they had gotten I would have said, "Sorry...we thought you meant REAL celebrities for a $10k seat. These guys are MAYBE worth a $1500 2nd-chance event seat for you. Good luck."

[/ QUOTE ]

Did you see the Wild Card Poker series that was on FSN? It wasn't chock full of A-listers.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

I thought in the entertainment industry any publicity is good publicity.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

A deal is a deal. Its really simple.

I think that that the bottom line in this story is that Bodog got pwned bigtime.... Everytime JG talks, his marketability goes down.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

[ QUOTE ]
From the ealier CP article:

Leyser claims the breach of their contract <font color="blue"> has caused and will continue to cause him irreparable harm</font>. He’s also stated publicly, “if Gold obtains the total sum of the winnings, Leyser <font color="blue"> will suffer further irreparable harm</font>.”

Some poster claimed to know this guy and described him as a stand-up guy. Sounds like a guy after a quick buck (6 million in fact).

Legality of any agreement aside, perhaps the two decided to split the winnings, say $20-40k if Gold actually made it into the money, if the dude helped Gold find celebrities to endorse Bodog.

Nice little earner, no problems there.

But Gold actually made it BIG. How on Earth does this justify a $6M payday?

If this is how it went, it's pure greed and makes me feel pretty sick.

[/ QUOTE ]

Not to be a Gold hater BUT. From what i understand/have read Leyser either paid for Golds entry and/or helped get some b list celebrities to wear Bodog gear in return for HALF of any cash Gold won.

Now maybe all the facts are not out there but from how i see it they both entered into an agreement and if either party didnt like it they should of hashed it out before the WSOP.
Gold owes half of the money he won to Leyser and if Gold gives any less than that hes garbage. end of story.

Again maybe all the facts are not out yet but if everything is close to accurate thats how i see it and i dont see how anyone can see it differently. wait and see how this goes down.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

They say the only thing worse than bad publicity is no publicity. But Gold, winning the ME, already had publicity. The subsequent bad publicity is precisely that: bad.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

[ QUOTE ]
If Leyser has taped phone conversations that either Gold admits is his voice (or are proven to be Gold) and on these conversations Gold continues to assure Leyser not to worry, that he (Leyser) will get half of whatever Gold wins. Then IMHO Leyser is a stand up guy and Gold is a creep.

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Exactly. If those tapes exist, then Gold is going to lose this lawsuit and go down in history as the biggest scumbag to ever hold the title of World Champion.

Notice that nowhere in Gold's press release does he deny the allegations in the complaint. That would have been very easy for him to do if the allegations weren't true.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

[ QUOTE ]
Exactly. If those tapes exist, then Gold is going to lose this lawsuit and go down in history as the biggest scumbag to ever hold the title of World Champion.

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Um, you may want to review a list of past champions.

Re: Jamie Gold Responds to $12 M WSOP Lawsuit
 

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[ QUOTE ]
If Leyser has taped phone conversations that either Gold admits is his voice (or are proven to be Gold) and on these conversations Gold continues to assure Leyser not to worry, that he (Leyser) will get half of whatever Gold wins. Then IMHO Leyser is a stand up guy and Gold is a creep.

[/ QUOTE ]

Exactly. If those tapes exist, then Gold is going to lose this lawsuit and go down in history as the biggest scumbag to ever hold the title of World Champion.

Notice that nowhere in Gold's press release does he deny the allegations in the complaint. That would have been very easy for him to do if the allegations weren't true.

[/ QUOTE ]

People are really quick to jump on Jamie Gold without any real understanding of the facts. I don't have any real understanding of them either, but what I have read gives me no indication that Gold is trying to breach a deal.

My impression of this lawsuit is that Gold is not trying to deny Leyser his share, but is instead trying to structure the division in a way that will reduce their tax liability.

If you read the entirety of the phone conversation, it sounds like Gold is responding to a really paranoid Leyser who has been harassing him about getting his share of the money for the past several days. The fact that Leyser filed this lawsuit before Gold even attempted to redeem his money from Harrah's also seems to indicate some paranoia. I'm obviously not privy to any private conversations the two have had, but my reading of the facts at this point make Gold out to be the more reasonable of the two.