SEC probes Doyle

[Uglyowl]

This story is starting to get mainstream press as well. Wonder how big a story it will become?

[Rudbaeck]

Someone made alot of money in that circus.

While I feel for Doyle I somehow don't see how he can be blameless in this. But on the other hand I can't see him being stupid enough to try this kind of moronic trick either. Oh well, I am fairly sure the SEC will manage to pierce attorney privilege and take this to court. Will be interesting to see who pulled the strings.

[AAAA]

what grounds would they use to pierce attorney client privilege?

I can think that when attorneys are acting as businessmen, they should lose that privilege, but if they were advising him, and he confessed to something, that shouldn't be admissible.

I am concerned that this doesn't blow the whole poker world to pieces. Don't know who is old enough to remember what the $64,000 question scandal did to tv game shows. I would hate to see online poker get tarred with that brush.

[GrannyMae]

[ QUOTE ]
what grounds would they use to pierce attorney client privilege?

I can think that when attorneys are acting as businessmen, they should lose that privilege, but if they were advising him, and he confessed to something, that shouldn't be admissible.

I am concerned that this doesn't blow the whole poker world to pieces. Don't know who is old enough to remember what the $64,000 question scandal did to tv game shows. I would hate to see online poker get tarred with that brush.

[/ QUOTE ]

martha stewart has never been so big since her scandal.

people will not stop playing poker because the old boys's club pulled a fast one on a lightly traded (relatively speaking) security.

Personally, I'm a little bit apprehensive about confidently declaring somebody is guilty before a conviction. Heck, not even all the facts are known. Doyle Brunson has previously conceded he's prone to making poor business decisions (independent of playing poker) and this quite possibly could be one of them?

Sadly, many posters seem delighted in this man's potential downfall. This leaves me confounded as Doyle's ruin could also negatively impact the poker community (which I assume these posters could belong to). My personal hope is that he's exonerated and the stock thrives instead of ultimately being delisted. I would like to see poker continue to grow and gain acceptance by ordinary Americans (and American politicians). Given Doyle's position and influence on poker, it seems self-defeating for enthusiasts to hope for his ruin. I fear a conviction would have a substantial and lasting negative impact that extends far beyond Doyle and a handful of Wall Street grifters.

JeffreyREBT "Wherein I don't promise to make you rich without trying, or even very trying very hard; I do promise to say things that will make you FEEL rich."

[memphis57]

[ QUOTE ]
what grounds would they use to pierce attorney client privilege?


[/ QUOTE ]

Patriot Act.

And, as for what relation this might have to terrorism, well everybody knows that all illegal perpetrators hang together, so it's not at all unlikely that online poker is funding Al Queda.

(This is sarcasm, but only just barely - they're already using Patriot Act powers widely in the war on drugs.)

[FlFishOn]

The worlds of poker and finance are full of opportunistic scumbags (think Dutch Boyd). Where does Brunson come down on this sliding scale? I guarantee you he will not get sainthood for his part in it.

[GrannyMae]

[ QUOTE ]
The worlds of poker and finance are full of opportunistic scumbags (think Dutch Boyd). Where does Brunson come down on this sliding scale? I guarantee you he will not get sainthood for his part in it.

[/ QUOTE ]

do you know the facts? nobody does, so STFU until you have a basis for your opinion.

mentioning boyd and doyle in same post shows you are simply a provocateur.

fool

[FlFishOn]

"a basis for your opinion."

I've gone round with Brunson and my limited experience is that he's no virgin. That's a bit too charitable. I thought he was duplicitous and disingenuous, 2/3rds of the way to being a scumbag.

Perhaps your experience is more favorable. You could throw his bail then.

[adanthar]

[ QUOTE ]
do you know the facts? nobody does, so STFU until you have a basis for your opinion.

mentioning boyd and doyle in same post shows you are simply a provocateur.

fool

[/ QUOTE ]

If Doyle is guilty - and let's face it, from the outside the main factor in his defense right now is that nobody could be dumb enough to do something this obvious in public - the difference between him and Dutch is that Dutch didn't pay back/may or may not have intended to steal money from his players, while Doyle outright stole millions from WPT stockholders.

I don't know which one is worse, but that's not exactly on a different level, except maybe scale.