Re: Updated Cliff Notes On Absolute Poker Scandal (18th October)
Absolute I don't believe that anyone in security could have looked at those accounts and determined there was no cheating and no chip dumping. You tried to cover it up and failed when more irrefutable evidence came out, (the complete hand history.)
If you want to know how to survive this as a company, look to Tylenol. Their complete transparency with the public during the poisoning is studied in business schools today.
You screwed up big time. You need to reveal all the details, return the funds, prosecute if at all possible the perpetrators, rebuild your management from the ground up.
IF you choose to do this and then go forward to ensure Absolute has better transparency and security than the industry standard, you can survive, and even come out better in the end. Only this will save you.
Pocket5's It's time to put aside our forum differences and come together as a poker community. We're all disappointed with the results of their meeting at Absolute. However, these guys took a stand early and got on a plane to Costa Rica to see if they could make any progress. I'm sure there was much more to the conversation than included in the blog post, including pressing the impossibility of the play of these accounts. Absolute is in total defense mode and decided to stonewall. Short of holding a gun to their head, I don't think there was more P5 could do to get them to come clean. P5 is on our side in this fight. Let's act like it. Give credit where credit is due.
Industry Transparency It's ridiculous to me that we're a month into this scandal and we're still in the process of trying to determine who owns who, who is management, etc. Players trust these companies with millions of dollars. As an industry, you all need to step up your transparency. In this regards, cheers to the UK who by making it legal and making the companies public have greatly increased transparency and accountability.
2p2 Watching this unfold, I have even more respect for the intelligence of this community. Mad props to all involved. We all know who they are.
|