*********To All CEO Poker Tour Participants******

[PokeReader]

Stephen,

I completely approve of the action you are taking. I will assure you that my reading of the actions of the CEO Poker Tours constitue criminal fraud as well as civil liability. I consulted an attorney that deals with contract/fraud issues, and on his reading on the facts as given to him, he felt that individuals who bought in and did not cash would definitely be due the return of their entire buy-ins through a court action, (why this is should be obvious and not requiring legal training, clearing without the fraudulent practices players would not have played the event in the first place), and it is likely that players who cashed would receive the difference in the price pool because there was actual criminal fraud. However, it is always more difficult to argue to be "made whole" under the law, when you actually benefited in the situation. Also, if the company became insolvent, it would be the non-cashing players who would probably be paid first.

I think it is unthinkable that we as players will accept this pathetic settlement offer when it is not only so much less than what players would win via a legal suit, but that we will essentially forgive that these individuals have been operating a fraudulent business from the very beginning. This wasn't bad accounting, or bad staff, this was intentional misrepresentation for the purpose of misleading customers, and that constitutes fraud. Please contact the NJ and NV AG's, as well as the FTC and Gaming Commission. If you are going to go forward with a civil suit, having it previously established as a criminal fraud will give you better grounds in courts. Best of luck Stephen.

[Dranoel]

I called the PPA in California (415-975-0897) and spoke to Jason. He was courteous & professional.

Jason informed me that the PPA was aware of the issue, and they have been receiving calls & emails. He couldn't get any more specific, but he seemed to indicate they were looking into the matter.

Just thought I'd pass along what I knew.

[stephenNUTS]

[ QUOTE ]
I called the PPA in California (415-975-0897) and spoke to Jason. He was courteous & professional.

Jason informed me that the PPA was aware of the issue, and they have been receiving calls & emails. He couldn't get any more specific, but he seemed to indicate they were looking into the matter.

Just thought I'd pass along what I knew.

[/ QUOTE ]

I am trying my best,and any help from the PPA,would only help our cause!

~stephen feraca [img]/images/graemlins/cool.gif[/img]

[Adde]

This might be the first time someone delivers in real life, after talking big on the internet about legal actions, stealing charks, beating up someone, etc. Well played, Stephen.