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Poker News | World Poker News

The Lederer Files Part 3 - Black Friday and the Backlog

The Lederer Files - Part 3
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The interview with Howard Lederer has moved to Part 3 where Lederer discovers the transaction issues with payment processors that have created a nine figure backlog. CEO Ray Bitar is the one that receives the credit for the backlog because Lederer claims that he and the board members had no knowledge of it.

"Clearly, things got out of hand and people in Dublin were trying to clean up the mess and not tell the board or the members," Lederer said.

Lederer says that he learned from Bitar about the backlog on April 7, which was just eight days before the Department of Justice shut down the top three online poker sites - Full Tilt Poker was one of them. Lederer happened to be preparing to board a flight out of Dublin to Dubai when Bitar broke the news to him and Chris Ferguson; Lederer boarded his flight anyway even though he was shocked and upset after hearing the news.

"I had no time to wrap my head around it," Lederer said. "I had to fly to the Middle East in the morning. I just couldn't cancel that trip, but I knew that the news Ray had given me was important."

The Video - Part 3:

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