ZeeJustin the next to get caught multi accounting Party MTTs

aeest400 · #11 02-27-2006, 01:21 PM

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Yes, it is foolish to play at a site that adopts considered policies with the goal of avoiding massive legal liability and the discerning interest of courts, enforcement officials, regulatory bodies and, oh, Congress. There must be a forest in here somewhere, but I can't seem to find it behind all these trees.

By the way, Party's terms and conditions state that disputes with them can only be heard in Gibraltar--and in their pre-IPO prospectus they say that their Girbralter lawyers told them it was ok to say this. Funny thing is, US courts get to decide if their Gibralterese lawyers are correct. [Hmm, didn't Californian's sue Nike for unfair labor practices in Vietnam? Oh, that's different, because it's legal to sell Nike's shoes in California. Oh wait.]

Hmm, How does the IRS handle cheating on taxes? Well, you pay what you owe and then a penalty on top of that. They don't take everything you own. You also get to argue on your own behalf, sometimes even with a lawyer (which the state seems to think is pretty important, it being unconstitutional and all for them to take things from you without providing one). But, then again, taxes aren't as imporant as making examples out of grandmas playing poker.

If I were an (outside) lawyer for Party I would be very happy, because business is going to be good. If I were an owner of some of their 8 billion public shares I'd be worried. If I were a founder, I'd be glad I already dumped $1 billion worth of my shares.

Try to guess the country from which Party derives 87% of its revenue?

***In case some people can't read and/or think: Private Companies Seizing Assets = -EV for the companies doing the seizing, especially if those companies are illegal.***

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To help address ghostwriter's confusion I've significantly edited my prior post to make things a bit clearer.

[And I'm quoting it here because going back to read it after heroically reaching this point in the thread cannot reasonably be expected.]