#1
|
|||
|
|||
Anyone besides me predict jail time for Doyle Brunson?
LINK. Odd how Lyle Berman could not contact Doyle, his long time associate and co-writer in Super System II. I think the SEC agrees. I hope Doyle is treated well when he heads to jail, he is an awfully nice guy[img]/images/graemlins/smirk.gif[/img]
SEC probing top poker player's bid for WPT Fri Dec 16, 2005 11:04 AM ET Printer Friendly | Email Article | Reprints | RSS WASHINGTON, Dec 16 (Reuters) - U.S. securities regulators said on Friday they are formally investigating U.S. poker champion Doyle Brunson's unsolicited $700 million offer in July to buy gaming entertainment group WPT Enterprises Inc. (WPTE.O: Quote, Profile, Research) News of the unsolicited bid, which was nearly double the company's market value, sent WPT's stock price soaring more than 50 percent in one day to an intraday high of $29.50 per share. The price then rapidly fell after the company said it was not able to reach Brunson or his attorneys for further information on the bid, according to the U.S. Securities and Exchange Commission. The offer later expired. WPT, which owns the popular World Poker Tour television show, was trading at $6.14 per share during morning trading on the Nasdaq on Friday. The SEC also said on Friday that it filed an action in Fort Worth federal district court to enforce subpoenas issued to attorneys David Chesnoff and Chaka Henry, whose Las Vegas firm Goodman & Chesnoff PC represented Brunson in his unsolicited offer. Soon after delivering Brunson's offer, the firm withdrew from the matter. Chesnoff said he did not have a comment, and a call to Henry was not immediately returned. Brunson and a spokeswoman for WPT could not immediately be reached for comment. The SEC said it is investigating whether Brunson's offer and its publication violated anti-fraud laws. Brunson, who is one of the best-known professional poker players in the United States, has invoked his Fifth Amendment right against self-incrimination and declined to testify in the investigation, the SEC said. The agency said Brunson directed the two attorneys to withhold certain documents and not to testify on critical aspects of the offer, under the attorney-client privilege and work product doctrine. The SEC's subpoena enforcement action seeks to compel Chesnoff and Henry to testify and provide the requested documents. TT [img]/images/graemlins/club.gif[/img] |
#2
|
|||
|
|||
Re: Anyone besides me predict jail time for Doyle Brunson?
I highly doubt he'll go to jail.
|
#3
|
|||
|
|||
Re: Anyone besides me predict jail time for Doyle Brunson?
[ QUOTE ]
I highly doubt he'll go to jail. [/ QUOTE ] Huge fine? The circumstantial evidence is awfully strong. TT [img]/images/graemlins/club.gif[/img] |
#4
|
|||
|
|||
Re: Anyone besides me predict jail time for Doyle Brunson?
When I heard of the "offer" here in LV during the WSOP, I kinda took it "tongue in cheek". But I badly wished I had some cash invested in wpt at the time...was as easy double or triple up.
|
#5
|
|||
|
|||
Re: Anyone besides me predict jail time for Doyle Brunson?
The man has O.J. money, he won't even be convicted of anything.
|
#6
|
|||
|
|||
Re: Anyone besides me predict jail time for Doyle Brunson?
[ QUOTE ]
The man has O.J. money, he won't even be convicted of anything. [/ QUOTE ] Tell Martha Stewart that. |
#7
|
|||
|
|||
Re: Anyone besides me predict jail time for Doyle Brunson?
Do not pass go....Do not collect $200.
|
#8
|
|||
|
|||
Re: Anyone besides me predict jail time for Doyle Brunson?
Doyle has way more money than orenthal ever did
|
#9
|
|||
|
|||
Re: Anyone besides me predict jail time for Doyle Brunson?
[ QUOTE ]
[ QUOTE ] The man has O.J. money, he won't even be convicted of anything. [/ QUOTE ] Tell Martha Stewart that. [/ QUOTE ] Martha was acting on inside information. And she probably would not have gone to jail if she had acted humble and contrite. Brunson is not an insider. They would have to prove fraud and conspiracy in his case, which is probably a lot more difficult. |
#10
|
|||
|
|||
Re: Anyone besides me predict jail time for Doyle Brunson?
ive forseen this since the day it happened and have been shocked that i havent heard of any sec investigations earlier. i have no idea whether doyle will have jail time or not because i really dont know how the law in this area works. it is my belief however that doyle almost certainly broke the law. however, he doesnt strike me as the type to do something so foolish that would put him in jail. doyle may be a crook, but hes a smart crook. id lay money that he gets away with it.
|
|
|