Former Full Tilt Poker board member Chris Ferguson has decided to remain mute, raising the ire of at least one of poker's most outspoken ambassadors.

1. Second, and this is what really did in Full Tilt Poker and making it a shameful example of what can happen with no regulation, it was found out that executives, including Chris Ferguson and Howard.
2. Hellmuth Recieves an unbelievable bad beat by Ferguson at the National Heads-Up Poker Championship. Online Poker Player? Get a Rakeback deal at: www.letitrak.

'I am a very forgiving person, but usually you have to ask for forgiveness before you can get it,' Daniel Negreanu told PokerNews. 'Clearly he doesn't give a shit, responding with 'What are you talking about?' when people said he owed the poker world an apology.

Chris Ferguson Net Worth. Something that cannot go unmentioned in a page dedicated to Chris Ferguson is the Full Tilt scandal. Due to his skill as both a computer guru and a poker player, Ferguson is extremely gifted at developing gaming software. He helped to create the software for what became one of the largest online poker platforms. The short answer is that both Howard Lederer and Chris Ferguson were managing officers and the public faces of the once-popular online card room Full Tilt Poker. In September of 2011, Full Tilt was sued in federal court over allegations that it was a Ponzi scheme. Prosecutors alleged that both Lederer and Ferguson collected more than $40,000,000 each over a four-year period from unscrupulous and illegal. The real beautiful game. It’s even more beautiful when you play it with Full Tilt. Sit down in the presence of the greats, like Texas Hold’em and Omaha.Play at lightning speed with Zoom, the fastest poker game in the world, or mix it up with one of our many other poker variants.Whatever way you like to play, be like thousands of other poker players all over the world and play harder.

'Let me explain it to you Chris: You were part of a company, a very prominent part, asking people to trust you and the company. You made millions and millions of dollars off of this company, then you hid for five years when things got out of shape. Then you said nothing at all. Whether you're guilty or not, you've said nothing, which makes you guilty. If you don't feel like you're guilty, say so. Say something. You asked for the players to trust in you, don't you believe they're owed some kind of apology? Any man with a shred of integrity or human decency would understand an apology is owed.'

Until this year, Ferguson had not been seen at a live poker event since the infamous 'Black Friday,' on April 15, 2011, when the U.S. Department of Justice shut down Full Tilt and other offshore online poker operators, ultimately amending it's civil complaint against Full Tilt specifically, saying Ferguson and three other members of the company's board of directors were running a Ponzi scheme that paid out $444 million of players' money to themselves and other Full Tilt owners.

Ferguson denied the allegations through a lawyer, and the case was eventually dismissed after one-time competitor PokerStars bought Full Tilt and negotiated a plan with the U.S. Department of Justice to pay back players.

Without a word, Ferguson turned up early on in the 2016 WSOP, and has continued to play in a number of events, even making fourth in the $10,000 Six-Max No-Limit Hold'em Championship event last weekend, refusing to make any kind of public statement despite being offered several opportunities to do so.

'I don't care if he plays or not,' Negreanu continued. 'I just look at what a guy like [Full Tilt founder and board member] Howard Lederer did. Obviously he's no fan of mine, and we're not buddies, but at the very least, he took some time to write something out an issue an apology. You don't have to accept it, and people ask if it matters if Chris issues an apology or not, does it make a difference? It doesn't matter if it makes a difference. It's the right thing to do. As a man you should know that.

'The fact is that [Lederer] humbled himself, and knew that it would be inappropriate for him to just come back without some sort of statement, and he did that. He went through the right channels. This guy Chris, he just shows up and it's like 'Fuck you guys, I don't even need to do nothing.' Be a man and take responsibility. Even if it's not all your fault, take responsibility for your part in it. You signed autographs, you took pictures, you were in ads promoting a company that ended up fucking a lot of people. Take ownership of that, at the very least.'

When told PokerNews spoke to Negreanu, with Negreanu calling for him to issue an apology, Ferguson said, 'What do you want me to do about it?' When asked if he would respond to Negreanu's comments and make some kind of statement to the poker community, Ferguson said, 'No comment for now.'

With the 2016 WSOP Main Event a week away, the 2016 WSOP is in the home stretch, and Negreanu said Ferguson needs to address the community now, and understand this issue is not going to go away without that.

'It's going to ring a little more hollow if he were to [apologize] now, but whether or not people accept the apology takes a backseat to the fact it's the right thing to do,' Negreanu said. 'Even if people don't believe him, it's the right thing to do. He's going to continue to have this problem every time he plays poker. Anyone who was affected by it, for them, it's like he's spitting in their face. He's sitting there laughing and giggling, winning more money.'

Negreanu has yet to run into Ferguson on the WSOP felt this year, but said if that does happen in any event going forward, he's not going to be quiet about it.

'If I'm ever at his table I'm going to continue to explain to him why I think he owes the poker world an apology,' Negreanu said. 'I'm not going to be buddy-buddy with him. He had an opportunity to spin this in a better way. He clearly just doesn't give a fuck. He doesn't give a fuck about the poker community. He took all that money and now doesn't say a word? It's ridiculous.

'I can't wait to get him at my table. Put us together at the Main Event feature table and we'll see what happens there.'

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Full Tilt Poker used to be one of the biggest and most popular destinations during the early days of onlinepoker, and while it had to compete with the likes of PokerStars and Party Poker, Full Tilt managed to hold its own over the years for many reasons.

The first and the most obvious one was their
roster of high-profile players.

With the likes of Phil Ivey, Chris “Jesus”
Ferguson, Howard “The Professor” Lederer, and Tom “durrrr” Dwan wearing their
colors, Full Tilt quickly became the number one destination for poker fans.

Chris Ferguson Full Tilt

Secondly, their software was unique and quite
modern for the early to mid-2000s. Featuring a cartoonish design and funny
avatars but still offering a very player-friendly and easy-to-use interface, it
was well ahead of its time.

So, what happened to Full Tilt Poker?

If you try to look up the room today, you might
get excited initially as the website still exists.

However, that excitement will be short-lived as
you’ll quickly realize it’s just a skin of PokerStars that kept some of the
original design, but not much else.

If you’ve been wondering what happened to FTP,
this is the full story, from the glorious beginning to the bitter end.

Full Tilt Poker Takes
The Poker World By Storm

The poker boom started during the early 2000s, before things really took off in 2003 after the legendary WSOP Main Event win by Chris Moneymaker.

The writing was on the wall, and those in the
know saw a huge business potential in the game.

Chris Ferguson, already an established and
accomplished player at the time, was among those who saw the opening and
decided to take his chances. He paired up with Ray Bitar, and together they
launched Full Tilt Poker in July of 2004.

They wasted no time bringing big names onboard.

The likes of Howard Lederer, Phil Ivey, John Juanda, Erick Lindgren, and Jennifer Harman joined Full Tilt Poker, and the room devised a very clever strategy to attract new players.

Under the slogan “play with the pros” FTP appealed
to the masses of poker fans who rushed to the site for their chance to sit
across from one of their favorite players.

The room received plenty of additional
marketing thanks to High Stakes Poker’s sponsorship, easily the most popular
poker show ever filmed.

On top of all this, many fans of the game would
log in to Full Tilt just to observe some high stakes cash game action.

The site became the go-to place for everyone
seeking to playonline nosebleeds, with $300/$600+ games running regularly.

By the end of 2005, Full Tilt Poker had taken over the onlinepoker scene, leaving Party Poker and PokerStars, their two biggest competitors at the time, far behind.

Full Tilt was the synonym for onlinepoker
during those early years.

FTP Rolls The Dice As The UIGEA Is Passed

By this point in time, there is hardly anyone
in the poker world, especially if they happen to be from the U.S., who doesn’t
know about the infamous Unlawful Internet Gambling Enforcement Act of 2006.

The Act was targeted at financial institutions in the States, expressly forbidding them to process any transactions directed towards online gambling sites.

This was a big hit for onlinepoker.

Prior to 2006, players from the U.S. made up a
large percentage of the overall player pool.

However, the UIGEA was directed at financial
institutions and not gambling and poker operators themselves, so there was some
grey area.

Party Poker decided that it was too much of a
risk to continue operating in the States, but PokerStars and Full Tilt saw
another opportunity here.

Chris Ferguson Racing

The people behind Full Tilt Poker decided to
roll the dice and continue business as usual. Some years later, this would
prove to be a big mistake.

Once the initial dust had settled, it seemed
things were back to normal.

With one competitor less to worry about, Full
Tilt made the brand even stronger and it seemed like their decision to ignore
the UIGEA was spot on.

This was just an illusion, though.

Things were happening behind the scenes that
the general public and even some of those inside the company weren’t aware of.

The pin was about the drop, and when it finally
did, FTP received a huge blow that it would never recover from.

The U.S. Department Of Justice Takes On Online Poker

April 15, 2011, is a date that almost every
poker player who’s been around for a while is well familiar with.

It became known as Black Friday as it was easily the hardest and ugliest day in the relatively short history of onlinepoker.

Players who logged on that day were faced with this shocking message:

On that day, the U.S. Department of Justice (DoJ) made it very clear that pretending the UIGEA didn’t exist wasn’t the best move.

Chris Ferguson Full Tilt

They spent several years building the case and collecting the evidence, but they went hard when they were ready to go.

In a single day, they took down websites of
three major poker operators in the U.S. Apart from FTP, PokerStars and Absolute
Poker’s domains were also seized.

The shock that players experienced on that day
when they tried to log in to their Full Tilt accounts can hardly be put into
words.

Many people had substantial amounts of cash
stuck on the site, and no one saw the DoJ coming.

False Promises And The
Fall Of Full Tilt Poker

Initially, Full Tilt Poker issued several
reassuring statements that players had nothing to worry about as their money
was safe.

With the promise of paying U.S. players in
full, the room was allowed to continue operating in the rest of the world for a
short while.

However, after a few weeks, it became clear
that something wasn’t right. The DoJ shut down FTP once again, and underlying
problems started to surface.

It would turn out that the promises about funds
being safe were completely false.

The room didn’t have all the players’ money
readily available, and the DoJ launched a full-scale investigation into the
matter.

Soon after, the claims of the “Ponzi
scheme” operation came about.

Full Tilt Poker has been experiencing problems
processing payments for years.

Some payment processors that dealt with U.S.
deposits weren’t sending them money, but the room continued to add it to the
players’ balances just the same, while actual transactions were stuck in limbo.

While the room was operational, they could
handle the backlog, although players were complaining about delayed withdrawals
long before Black Friday.

But, once they were forced to shut down the
operation and money from new players stopped coming in, it was the end.

There simply wasn’t enough money in FTP’s accounts
to cover everyone’s balances.

Players were furious and felt betrayed, but
there wasn’t much anyone could do at that point. It was hopeless situation.

Who Was To Blame For Full
Tilt Poker’s Fall?

Once the FTP scandal came to light, both the
authorities and players started to ask questions.

Whose fault was it? How did such a big room
with such a great market position end up where it was?

All eyes were directed at the main honchos: Ray
Bitar, Howard Lederer, and Chris Ferguson.

At the very least, they had to know about these
issues, and they had the responsibility to act before it was too late.

But, the poker community was hit with deafening
silence for the most part – they never got the answers they were hoping for.

By that time, Ferguson (below) was no longer as involved with the company management.

Lederer did a few interviews, but his response to most questions was, “I don’t know.” Bitar stayed away from the public eye.

During the investigation, it was revealed that
the management of FTP further deepened the crisis by issuing big loans to some
of their big-name players.

In the end, the blame for the FTP fiasco falls
to those in charge at the time.

For that reason, they were ostracized by the
poker community and had to pay hefty fines.

But, the whole story of what was actually
happening behind the closed doors in those last years and months of Full Tilt
Poker was never told in full.

One must wonder what would have happened if
Black Friday had never occurred.

Full Tilt Poker Chris Ferguson

Perhaps the story of Full Tilt Poker would be
much different. Maybe they’d have found a way to get the funds, and we’d have
been none would be the wiser.

PokerStars Buys Full
Tilt And Restores Player Funds

The uncertainty surrounding FTP was concerning.

It soon became clear that the company couldn’t
pay players back, so they had to find someone willing to take over and rectify
the situation.

With the brand tarnished and the player trust
severely shaken, this was not an easy feat.

In July 2012, former FTP players could finally
see the light at the end of the tunnel after long and painful months of
waiting.

PokerStars agreed to purchase the fallen star and
reimburse all players’ balances: those from the U.S. and the rest of the world
alike.

Shortly after, the ROW players could log back in
to their old FTP accounts and access their funds.

Money was available for withdrawal, and players
could also opt to transfer it to their PokerStars account through a rather
simple process.

However, U.S. players weren’t so lucky.

Although the repayment money was secured, there
was a long process ahead. It wasn’t before 2014 that first installments started
to come in for those who went through necessary steps to claim what was owed to
them.

It took several years for this process to
complete.

Chris Ferguson Poker

With financial issues out of the way, the
question became: what would happen with Full Tilt Poker?

For a little while, the room was up and running
again, and with PokerStars now backing the brand, some players believed the
room would bounce back and reclaim its position.

FTP Discontinued: The
End Of An Era

It seems that PokerStars entertained the idea
of keeping Full Tilt Poker alive but eventually decided not to go through with
it.

While the brand certainly had some value,
everything that happened over the years made it very difficult to rebuild the
trust.

Plus, with PokerStars being the biggest brand
worldwide now that FTP was out the picture, there wasn’t much incentive to
spend resources on what used to be its competing brand.

PokerStars created a huge amount of goodwill
with the player base by purchasing FTP and reimbursing players in full.

They came through like a knight in shining
armor, making sure everyone got every single cent of their money back.

From a marketing perspective it was a great
move, even if a costly one.

PokerStars demonstrated their care for the
community, regardless of what their business motivation might have been. They
came through on their promise with no excuses.

But Full Tilt Poker had to go.

Once repayments were done, PokerStars decided
it was time to send the legendary room to the sidelines.

They kept the domain and the software, as this
was a part of the purchase, but FTP stopped existing as a standalone entity.

Instead, it is now just a skin of PokerStars
with a slightly different design.

If you download Full Tilt Poker today, you’ll
find that it features exactly the same games and players as the original
PokerStars client.

The Final Goodbye To
Full Tilt Poker

Those involved with onlinepoker during the
early 2000s will always remember Full Tilt Poker with a bit of nostalgia.

It was the place where some of the most epic
high stakes battles took place and where many up-and-coming players made a name
for themselves.

On the other hand, heaps of freerolls and
small-stakes games and tournaments made it possible for everyone to experience
the game and build their bankrolls from scratch.

Had chips fallen differently, there is no
telling what would’ve become of Full Tilt Poker.

Chris Ferguson 22

Perhaps it would be the strongest brand today.
Perhaps it would run its course and shut down, like so many other rooms over
the years.

In the end, the story of Full Tilt Poker wasn’t
a glorious one, but the room certainly had its moments.

It’s a shame that PokerStars decided to put it
away for good, but maybe it was for the best.

Chris Ferguson Poker Player

For more articles in this series, check out: