The Alderney Gambling Control Commission (AGCC), which recently revoked Full Tilt Poker's egambling license, just might have legal problems of their own. The notorious poker pro and businessman Antanas “Tony G” Guoga accused AGCC of malpractice claiming that the commission was well aware of Full Tilt Poker's debts and financial issues long before April 15th, but did not take any action to protect Full Tilt's users from losing their money. Tony G says that AGCC, as a controlling institution is responsible for their licensees and should be ready to face the consequences of their (lack of) actions.
Guoga is seriously considering taking legal actions against the commission and seeking that it takes responsibility for its negligence. “We believe they knew about it a long time ago,” Tony G said in regard to the AGCC, “That security for the players’ money was not there, they hid this fact together with their auditors for years, benefiting in return. We raised it with them and they knew then and there.”
Vont Limited, a legal consulting company is already working on filing a complaint against AGCC. “The security statement for the players’ money was not there, this was raised with them, and they knew that FTP was in breach of regulations back in December 2010,” explained Vont Limited CEO, Jon Sykes.
Not having a statement on player funds in FTP’s Terms & Conditions violated AGCC regulations, but it appears that the commission ignored this fact which was the main reason Guoga has decided to take legal actions. At the end of February, 2011, Full Tilt finally added the required clause to their T&C's stating that: “Customer funds are not segregated from company funds, but it is the intention of Filco Ltd to meet its liabilities as they fall due.”
“It appears likely that this statement was added to the site as a result of my contact and the Commission’s subsequent investigations,” Sykes explained. “Obviously, before the issues with the indictments this was perceived to be more of a minor clerical issue for the Alderney Regulators and FTP but now I wonder if there was more to it.”
Tony G added: “Surely such a breach of the regulations for such a long period prior to the omission being highlighted to the AGCC by Sykes in late 2010 must have initiated a full review of the operator and its financial position by that stage, which then begs the question, how long did they know about the precarious financial position before they finally pulled the plug following the DOJ indictments? We want to prove that they have responsibility, we are coming after them.”
As Tony G, Sykes, and Vont Limited seek to prove AGCC's negligence and responsibility for not taking action which resulted in Full Tilt players' losses, they also plan to allow victims to join the complaint by adding valuable information about their FT accounts. All those Parties/Players having a personal interest in this matter, specifically those with (A) funds locked at Full Tilt and (B) a serious interest in joining with the proposed action, can contact us, in confidence, at firstname.lastname@example.org. You must email the following information to be included in the database; (1) Your real name and address, (2) Your FTP Player ID name, (3) Your contact email address (4) the amount (in round thousands) that you have locked in your FTP account. Please note that this is not a facility for entering into correspondence, but your email will be acknowledged.All correspondence is required to be in English.
The Alderney Gambling Control Commission was established in 2000 and is “independent and non-political, and regulates gambling on behalf of the States of Alderney. Consisting of the Chairman and three members, it includes people with international experience in the fields of gaming, regulation and licensing. The single most important policy of the Commission is to provide a regulatory environment that meets the highest international standards and thereby both protects the reputation of Alderney and attracts 'world-class' operations.”
AGCC's mission is “to ensure and maintain the integrity of the electronic gambling industry in Alderney." And its objectives include ensuring that "all electronic gambling on Alderney is conducted honestly and fairly, the funding, management and operation of electronic gambling on Alderney remains free from criminal influence, and electronic gambling is regulated and monitored so as to protect the interests of licensees' customers as well as the young and vulnerable.”
*Image courtesy of PokerNews.com