Absolute Poker, UB.com, IDS and TBT employees.....

[TheWatchdog]

http://www.pokernews.com/news/2011/05/ub-absolute-poker-to-file-bankruptcy-10337.htm

These assholes are filing for bankruptcy which is 100% horse shit.

10 years of generating over $500k per day and they are filing for bankruptcy?? freaking unbelievable.

It is very sad but it all seems that if someone doesn't do something fast this will be just another episode like the one with BOS.

I hope everything works out well for all the good people working for these thieves..

Needless to mention the amount of players that are about to get royally screwed...

$$$$

 

[dean_jones]

There was a report last night on Canal 7 that all the poker companies are been investigated here as well.

http://www.teletica.com/noticia-detalle.php?id=95793&idp=1

 

[worldstage]

http://www.pokernews.com/news/2011/05/ub-absolute-poker-to-file-bankruptcy-10337.htm

These assholes are filing for bankruptcy which is 100% horse shit.

10 years of generating over $500k per day and they are filing for bankruptcy?? freaking unbelievable.

It is very sad but it all seems that if someone doesn't do something fast this will be just another episode like the one with BOS.

I hope everything works out well for all the good people working for these thieves..

Needless to mention the amount of players that are about to get royally screwed...

Stop crying you baby. Just like BOS, you decided to work for a legally questionable business (US government calls it a criminal enterprise). What do you expect, a gold watch and paper weight as a parting gift?

 

[TheWatchdog]

Who is crying moron?

I don't work for them, but I have probably 10-15 friends that might not get a dime for years working there.

And I am not expecting anything, not even stupid comments from a smart ass like you.

 

[timshady]

What do you expect, a gold watch and paper weight as a parting gift?

LMFAO. Line of the year.

 

[offshoresecrets]

Stop crying you baby. Just like BOS, you decided to work for a legally questionable business (US government calls it a criminal enterprise). What do you expect, a gold watch and paper weight as a parting gift?

Because the US Government calls something a criminal enterprise does not make it fact. There are no laws on the books in Costa Rica prohibiting the operation of an online betting business as such HERE where we are it is NOT a criminal enterprise.

The US Gov is notorious for throwing around terms such as criminal enterprise, money laundering, etc etc

It is all a thinly veiled disguise to attempt to either STEAL or EXTORT monies from the owners/shareholders of these businesses here who LEGALLY employ many many people and contribute to the local economy.

So from what I can see, the only assholes in this scenario are the US Government and their band of thieves.

 

[gamingdude]

Because the US Government calls something a criminal enterprise does not make it fact. There are no laws on the books in Costa Rica prohibiting the operation of an online betting business as such HERE where we are it is NOT a criminal enterprise.

The US Gov is notorious for throwing around terms such as criminal enterprise, money laundering, etc etc

It is all a thinly veiled disguise to attempt to either STEAL or EXTORT monies from the owners/shareholders of these businesses here who LEGALLY employ many many people and contribute to the local economy.

So from what I can see, the only assholes in this scenario are the US Government and their band of thieves.

You forgot to mention their supporters, like worldstage.

 

[SVT_Cobra]

Who is crying moron?

I don't work for them, but I have probably 10-15 friends that might not get a dime for years working there.

And I am not expecting anything, not even stupid comments from a smart ass like you.

What they got was their pay check twice a month.

In the US if the company you work for goes broke, you get nothing. In fact it is legal for them to spend your 401K fund as they are going broke.

 

[gamingdude]

What they got was their pay check twice a month.

In the US if the company you work for goes broke, you get nothing. In fact it is legal for them to spend your 401K fund as they are going broke.

While what you said is half true, you are mostly talking out your ass.

There are two types of wages that are at issue in US bankruptcy cases: 1) pre-petition wages; 2) post-petition wages.

Pre-Petition Wages Due By Bankrupt Companies

These are wages and compensation that became due (and were unpaid) prior to the date of the bankruptcy. This would include regular wages, severance pay, the value of unpaid benefits, accrued vacation and the like.

Post-Petition Wages Due By Bankrupt Companies

These are wages and compensation that become due after the date of the bankruptcy. This would also include regular wages, severance pay, the value of unpaid benefits, accrued vacation and the like.

How Are Pre-Petition Wages Paid in Bankruptcies?

For employees who are no longer employed, they are typically paid just like claims to all other creditors - EXCEPT: the first $11,725 due are treated as priority claims, thus giving a leg up on most other creditors. See 11 U.S.C Section 507(a)(4).

For employees still employed as of the date of the bankruptcy (and thereafter), they are entitled to the same priority claim; however, many employers will file a motion with the bankruptcy court seeking permission to bring their obligations to such employees up to date before the reorganization is completed.

How Are Post-Petition Wages Paid in Bankruptcies?

For employees who remain employees after the bankruptcy filing, wages owed are usually deemed Admistrative Expenses, and typically the Bankruptcy Judge will permit the bankrupt company to pay those wages on an ongoing basis while the reorganization is being planned. See 11 U.S.C. Section 503(b)(1)(A).

Bankruptcy law is very complicated, and anyone saying 'well it works this way' is just ignorant. Anyone who knows anything will understand that the type of broad stroke statements you use to try and justify what is happening to the UB/IDS/TBT employees is just bullshit.

 

[WSU_Tbone]

lmao

 

[ChristianTroy]

Stop crying you baby. Just like BOS, you decided to work for a legally questionable business (US government calls it a criminal enterprise). What do you expect, a gold watch and paper weight as a parting gift?

the US can call it whatever they want, as they usually do, but ......wait wait wait............. stop crying you baby??? guess again bro, shit wont wash off just because you decided to share it..............

 

[SVT_Cobra]

While what you said is half true, you are mostly talking out your ass.

There are two types of wages that are at issue in US bankruptcy cases: 1) pre-petition wages; 2) post-petition wages.

Pre-Petition Wages Due By Bankrupt Companies

These are wages and compensation that became due (and were unpaid) prior to the date of the bankruptcy. This would include regular wages, severance pay, the value of unpaid benefits, accrued vacation and the like.

Post-Petition Wages Due By Bankrupt Companies

These are wages and compensation that become due after the date of the bankruptcy. This would also include regular wages, severance pay, the value of unpaid benefits, accrued vacation and the like.

How Are Pre-Petition Wages Paid in Bankruptcies?

For employees who are no longer employed, they are typically paid just like claims to all other creditors - EXCEPT: the first $11,725 due are treated as priority claims, thus giving a leg up on most other creditors. See 11 U.S.C Section 507(a)(4).

For employees still employed as of the date of the bankruptcy (and thereafter), they are entitled to the same priority claim; however, many employers will file a motion with the bankruptcy court seeking permission to bring their obligations to such employees up to date before the reorganization is completed.

How Are Post-Petition Wages Paid in Bankruptcies?

For employees who remain employees after the bankruptcy filing, wages owed are usually deemed Admistrative Expenses, and typically the Bankruptcy Judge will permit the bankrupt company to pay those wages on an ongoing basis while the reorganization is being planned. See 11 U.S.C. Section 503(b)(1)(A).

Bankruptcy law is very complicated, and anyone saying 'well it works this way' is just ignorant. Anyone who knows anything will understand that the type of broad stroke statements you use to try and justify what is happening to the UB/IDS/TBT employees is just bullshit.

That's great. Do you think any one cares?!?

 

[SVT_Cobra]

Any one working there knows who took their money. Here's a hint, he's tico, lives in Escazu and his name starts with "O".

 

[dean_jones]

Any one working there knows who took their money. Here's a hint, he's tico, lives in Escazu and his name starts with "O".

http://haleyspokerblog.blogspot.com/2011/05/just-conjecturin-volume-34-behind-ids.html

 

[SVT_Cobra]

http://haleyspokerblog.blogspot.com/2011/05/just-conjecturin-volume-34-behind-ids.html

And he's already been released ....