76clubs 0 Posted July 2, 2006 Share Posted July 2, 2006 Man, I felt bad for him when he got down to headsup in the razz event a few years ago and just melted down. I would like to see him or Joe win it now that Daniel busted out.and by the way, WTF!? Link to post Share on other sites
jsmooth3434 0 Posted July 2, 2006 Share Posted July 2, 2006 dutch will choke Link to post Share on other sites
mooncons 0 Posted July 2, 2006 Share Posted July 2, 2006 Here is a link to Dutch Boyd's side of what happened in the collapse of Pokerspot.Keep in mind that is directly from him, so take it as you want.http://www.rakefree.com/faq2.htm#faq Link to post Share on other sites
blakheart 3 Posted July 2, 2006 Share Posted July 2, 2006 Do ou think he will honort hisd pledge?The following was given in a Q&A between Eric Rosenberg of Live Action Poker and Dutch Boyd.__________________________________________________________LAP: Do you have a plan in place that would eventually pay back those that lost their funds at PokerSpot? Dutch Boyd : There are basically two ways that I see the Pokerspot players getting paid back. The first way is through Rakefree.com. The business plan will call for purchasing the old Pokerspot assets in return for assuming the player debt. Like I mentioned before, there are several assets which are still in the old company. Proprietary poker software is not cheap, and it can definitely make business sense for Rakefree.com to purchase the software, the patents, and the old userlist for the amount it would take to pay off the Pokerspot debt. Ideally, this debt would be paid before Rakefree.com begins its operations. The second way is by pursuing a breach of contract claim against the Montreal-based casino which pulled out of the deal we made to sell the software and pay the players back. Up until now, I haven’t had the money to go forward with that lawsuit. I suppose a third way is if, by some miracle, I win a few million at poker. This year at the WSOP I pledged that if I won, I would personally pay back the Pokerspot debt. A lot of people got pissed at that, because they said it wasn’t enough… that I should be giving up every penny I make (in or outside of poker) until the debt is paid off. I think that’s a very unrealistic expectation. I don’t feel like that debt is my debt. Pokerspot was not Dutch Boyd. It was a corporation, not a shell of a corporation. I didn’t even own a controlling amount in it. And I’m not going to be carrying the debt as mine. But if I was able to make enough money so that the player debt wasn’t a majority of my net worth, I would pay it back to restore my reputation. Link to post Share on other sites
Incubus77546 0 Posted July 2, 2006 Share Posted July 2, 2006 Im rooting for Hachem Link to post Share on other sites
mooncons 0 Posted July 2, 2006 Share Posted July 2, 2006 Well, he won a good sum when he came in 13th in the main event two years ago (?) and he didn't do anything then. So now? even further after the fact?Hmm.... Link to post Share on other sites
jjdylan 0 Posted July 2, 2006 Share Posted July 2, 2006 i agree, now that DN is out im rooting for hachem Link to post Share on other sites
spikymarv99 0 Posted July 2, 2006 Share Posted July 2, 2006 I love how everyone thinks they know everything about pokerspot and what went down. I would be embarassed for him if dutch payed back a dime, he was scammed by a credit card company that went bankrupt, that is not his fault it sucks for the people who lost money but you can expect him to not earn a living. poker is his only source of income right now and you expect him to just hand over his check lol. good callWhat I am writing is a FACT. Dutch has confirmed it himself:A little while after PokerSpot went under, investors made an offer to Dutch. In exchange for his software, they would pay off all the players that lost money (a substantial amount), he would recieve $300,000, and various other bonuses. He TURNED IT DOWN. The reason is because there was a covenant not to compete clause meaning he could not open up a poker room. Instead of making right on his promises, he turned his back on all the players that trusted him and played on his site. Does he really think that people will play on any site he is affiliated with???? People who are sticking up from him need to be more informed. I don't know him personally, but from this incident, I would probably spit on his hand if he tried to shake my hand. Here is a link that repeats the story http://en.wikipedia.org/wiki/Russ_BoydThe whole deal with PokerSpot went like this.... players could deposit, but were never able to cash out. It was a one way ticket. Dutch said it was due to his credit card processors, but who knows if that is the truth. Additioanlly, he chose to go into buisness with that company and promised the players that he would pay them back. I really wouldn't trust anything he said. ESPN just spins things around to make him look like a victim instead of the villan that he is. If he wins the event and doesn't pay people back then he is truely a dirtball.Well, he won a good sum when he came in 13th in the main event two years ago (?) and he didn't do anything then. So now? even further after the fact?Hmm....He won $80,000 that year. After taxes it wouldn't even be worth it to pay people back. I don't think people realize how much money players lost when everything happened. PokerSpot had very nice traffic for an online poker room during that time. Can you imagine all those players who deposited, played, maybe redeposited..... that's alot of money. Don't forget, no player could cash out their money, only deposit... very convienent. Link to post Share on other sites
mooncons 0 Posted July 2, 2006 Share Posted July 2, 2006 He won $80,000 that year. After taxes it wouldn't even be worth it to pay people back. I don't think people realize how much money players lost when everything happened. PokerSpot had very nice traffic for an online poker room during that time. Can you imagine all those players who deposited, played, maybe redeposited..... that's alot of money. Don't forget, no player could cash out their money, only deposit... very convienent.Well, it only started doing that a few months before Pokerspot's demise (supposedly the credit company having hiccups, then collapse). Some people were able to cash out. And I think the total amount people were stuck was around 500,000. I know 80k isnt all that much, but he could have made some gesture with the money suggesting he would pledge some to the victims. Link to post Share on other sites
jooka 0 Posted July 2, 2006 Share Posted July 2, 2006 Greg Raymer put it into perspective on the 2+2 thread better that I could. Please, let's not be ignorant. There is no similarity between investing in a failed business, and having a business misappropriate your money and then fail and become unable to give you back the money they stole.If I was still an attorney, and you paid me a retainer, that is your money. If I mismanage my business, and go bankrupt, your retainer money is supposed to have been kept in a separate and safe account, not to be touched by me (unless and until I do work for you, at which point I bill you and deduct the money from your retainer) and beyond the reach of creditors of mine. If I take your retainer money out of its separate account, and use it to run my legal business, I am guilty of theft. It is that simple. I will be disbarred, and put in jail.This is exactly what Dutch did. He may not have intended to do this from day 1, but once his business started running out of operating capital, he ransacked the player's money and used it to keep the business afloat. When that money was all gone, he then went bankrupt, and left the players with nothing. His proper course of action was to have declared bankruptcy before he ever touched the player's money, and then give that money to the players.While it is easy to understand how somebody could make this bad decision, as at the time it probably appeared to be the only way for his company to succeed, that doesn't make his actions any less illegal. It is similarly easy to understand why somebody who sees a bag of hundreds sitting unprotected in the back of an armored car might take it. It is a crime that appears easy and has lots of upside if you don't get caught. Dutch took the easy and illegal route, but escaped jail because he committed his crimes outside US jurisdiction. There are no excuses for what he did. I will never forgive him until he pays back the players. If he should win this event today, which has a prize of nearly $1M I believe, and he doesn't pay it all to the players from PokerSpot, he is just proving he is scum.Later, Greg Raymer (FossilMan) Link to post Share on other sites
getarealjob 0 Posted July 2, 2006 Share Posted July 2, 2006 He's sorta paid his dues. He's been kicked around so much, but manages to hang in there; you gotta admire his tenacity and heart for poker.Even a dog gets a piece of the sunlight. This is Dutch Boyd's breakout year. Link to post Share on other sites
mooncons 0 Posted July 2, 2006 Share Posted July 2, 2006 He's sorta paid his dues. I take it you didn't lose any money in Pokerspot. Link to post Share on other sites
Dirtydutch 8 Posted July 2, 2006 Share Posted July 2, 2006 He's paid some back, or some I've heard. How much does he (still?) owe? Link to post Share on other sites
spikymarv99 0 Posted July 2, 2006 Share Posted July 2, 2006 He's sorta paid his dues. He's been kicked around so much, but manages to hang in there; you gotta admire his tenacity and heart for poker.Even a dog gets a piece of the sunlight. This is Dutch Boyd's breakout year.Let's make a deal then.... how much is your parent's house worth? If it's worth $600,000 let me scam your parents out of it. You can bash me for a couple of years. I'll still hang in there, I got a nice new house. I'll get a piece of the sunshine too. How about it. I'll pay my dues too... yeah? You can admire my tenacity too.To this day, the guy is scum..... if he pays back the customers he ripped off, then he will start to rebuild his image. I don't believe he will, but I hope so. My friend lost over $20,000 because of Dutch. That may not be alot of money to some of us, but it was the world to him. If people want to keep holding on to the image that ESPN portrays then keep burying your head in the sand. For everyone else, if Dutch doesn't pay back the money with his winnings, everytime you see him in a casino or online, tell him to **** off. Link to post Share on other sites
Fade2241 0 Posted July 3, 2006 Share Posted July 3, 2006 Let's make a deal then.... how much is your parent's house worth? If it's worth $600,000 let me scam your parents out of it. You can bash me for a couple of years. I'll still hang in there, I got a nice new house. I'll get a piece of the sunshine too. How about it. I'll pay my dues too... yeah? You can admire my tenacity too.To this day, the guy is scum..... if he pays back the customers he ripped off, then he will start to rebuild his image. I don't believe he will, but I hope so. My friend lost over $20,000 because of Dutch. That may not be alot of money to some of us, but it was the world to him. If people want to keep holding on to the image that ESPN portrays then keep burying your head in the sand. For everyone else, if Dutch doesn't pay back the money with his winnings, everytime you see him in a casino or online, tell him to **** off.LOL Nice post. I actually hope he does take this tourney down so that we can see what he decides to do with all the money. I will have a clearer opinion of Dutch then. I am still leaning toward scum though. Greg's comments were helpful. Link to post Share on other sites
crowTrobot 2 Posted July 3, 2006 Share Posted July 3, 2006 LOL Nice post. I actually hope he does take this tourney down so that we can see what he decides to do with all the money. I will have a clearer opinion of Dutch then. I am still leaning toward scum though. Greg's comments were helpful.hachem is spanking him at the moment Link to post Share on other sites
76clubs 0 Posted July 3, 2006 Share Posted July 3, 2006 right, he deserves to lose this one after calling as much as he did with KQ Link to post Share on other sites
Fade2241 0 Posted July 3, 2006 Share Posted July 3, 2006 Yeah, KQ is the nuts yo!! Link to post Share on other sites
Incubus77546 0 Posted July 3, 2006 Share Posted July 3, 2006 Im rooting for Hachem Link to post Share on other sites
pokerplayer24 0 Posted July 3, 2006 Share Posted July 3, 2006 right, he deserves to lose this one after calling as much as he did with KQHis read was wrong oh well.Though I do agree that it was a pretty awful call. He seems to be controlling the table, dunno why he'd put in so many chips with KQ. I still think hes the favorite to take this down, Link to post Share on other sites
gkunit20 1 Posted July 3, 2006 Share Posted July 3, 2006 Go Big Joe!!! Link to post Share on other sites
76clubs 0 Posted July 3, 2006 Share Posted July 3, 2006 He was just raping the table, which is why im shocked he would call so much with only KQ.I want him or hachem to win, i can go either way.should be a good heads up match Link to post Share on other sites
Dirtydutch 8 Posted July 3, 2006 Share Posted July 3, 2006 He was just raping the table, which is why im shocked he would call so much with only KQ.I want him or hachem to win, i can go either way.should be a good heads up matchDude, you've gotta' pull for the D man. He's my hero. I'm not kidding. Link to post Share on other sites
gkunit20 1 Posted July 3, 2006 Share Posted July 3, 2006 Dude, you've gotta' pull for the D man. He's my hero. I'm not kidding.Yeah, but Joe is auzzie. He sounds weird when he talks. OY! Link to post Share on other sites
76clubs 0 Posted July 3, 2006 Share Posted July 3, 2006 Yeah, but Joe is auzzie. He sounds weird when he talks. OY!But also, Dutch is bypolar. Im not sure what this has to do with anything. Link to post Share on other sites
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