Back in 2012 PokerNews.com managed an exclusive interview with Full Tilt Poker's former exec Howard Lederer and one segment of the interview brought up loans made to players that were never paid back to the company. The one loan that triggered the most shock and awe was a double-credited $2,000,000 loan that was given to former Full Tilt Poker Pro Erick Lindgren. The loan was never paid back to Full Tilt Poker. The $2 million loan was a double, the second one being a mistake, and the rumor is that Full Tilt Poker tried to retrieve the money but Lindgren kept it.
When the The Rational Group, PokerStars' parent company, acquired Full Tilt Poker, the rights to Lindgren's $2 million debt went to them and the loan has never been paid off.
PokerNews.com received confirmation on Monday from the Rational Group that Lindgren is being sued in federal court for the $2 million that he received "erroneously" in his account in April 2011, along with a $531,807 separate loan Lindgren received from the company to play in poker tournaments.
The Hendon Mob's report on Lindgren has him earning more than $10 million in live tournament cashes. Lindgren is a two-time World Poker Tour and World Series of Poker champion. He has won more than $1.6 million since PokerStars acquired Full Tilt Poker!
In an attempt to control his gambling addiction Lindgren entered a rehab facility in Newport Beach, California, in 2012. In an interview with BLUFF, Lindgren said that his gambling debts climbed as high as $10 million and he was without a bankroll but working to pay them off. Once PokerStars renewed their efforts to collect the debt in 2012, Lindgren filed for Chapter 7 bankruptcy.
The Courthouse News reported that the bankruptcy court did not discharge the debt to The Rational Group. The Rational Group is able to pursue the collection of the $2.5 million. Included in the lawsuit against Lindgren is a demand by Rational Group for damages for conversion, unjust enrichment, and breach of contract.
PokerNews.com reports it tried to contact Lindgren on Monday for comments but as of press time had not received a response.