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Judge in Jamie Gold Case Keeps Money Vaulted

Gold's Lawyers Asked for the Frozen $6 Million to Be Released, Judge Refused

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A judge in the Jamie Gold-Crispin Leyser case refused to lift a September injunction that froze half the World Series of Poker main event's $12 million championship prize yesterday, but at least now the money isn't just sitting in a vault at the Rio.

Gold's lawyers asked for the money to be given to Gold until the case was decided, but the judge said no. Both lawyers in the case agreed to have the money moved to an interest-bearing account.

Leyser is suing Gold for the $6 million because he claims that Gold promised him half the winnings if he won the WSOP's main event. Gold did, and Leyser claims soon after Gold told him the deal was off.

Leyser claims Gold promised half the winnings in exchange for finding celebrity clients to play in the main event wearing Bodog gear. Leyser says he found two celebs to play - Punk'd comedian Dax Shepard and Scooby Doo star Matthew Lillard - and therefore, deserves half the winnings.

 
 
 
 

Comments

sped_85
almost 15 years ago

jamie gold is a donk and they should take half his money.

 
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petroglyph
almost 15 years ago

Jamie Gold is a pompous fool. He made a promise and should keep it. I cringe every time I hear him speak.

 
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zetus
almost 15 years ago

A deal is a deal, and poker has received enough bad press lately. If Gold refuses to pay up, he should be banned from entering any future tournaments. He exposed the dark side of poker, and honorable players took a slap in the face from Gold.

 
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chrisbest
almost 15 years ago

Ultimately, the facts of the case will determine whether there was a "contract" between the two individuals involved. Absent a written agreement, the judge will have to assess whether Leyser acted in reliance on Gold's words, the extent and reasonableness of that reliance, and whether giving Leyser $6M will be equitable (=fair). You don't just give away $6M just because Leyser had a couple of marginal "celebrities" wear hats and shirts. The outcome will probably involve a settlement or a judgment for something less than $6M.
The lesson here, for anyone who takes a piece of a player's action in a major tourney is...get something in writing...bottom line.

 
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anazar01
almost 15 years ago

I don't think he expected to win so much when he made that aggreement and that's why he doesn't want to pay up. But if he agreed he should have to pay up! but like chris said, is 6 mill fair and equitable? Either way, some compensation has to be given.

 
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vertsk8r
almost 15 years ago

Jamie Gold gives poker a bad name. Shame on you, Jamie. Give the guy his money and stop being so greedy. It is what it is. Pay up and shut that hole in your face!!

 
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Cummings81
almost 15 years ago

If Jamie Gold made the deal as Leyser claims he should pay. 6 million seems kinda high but don't agree before to give half your winnings thats a risk u take. If they were smart maybe they could agree to each take 3 mil so the money would get released.

 
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garyak
almost 15 years ago

Crispin is a guy who is just trying to have his end of a deal hold. The key in all this is the "deal" was verbally struck when the 2 were deciding which one would play in the main event when Crispin helped Gold promote Bodog & Gold considered not playing. Crispin at one time was going to play in Gold abscence. Each apparently agreed to split any winnings which ever guy actually played. A deal is a deal & this hand should "hold".

 
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reggm33
almost 15 years ago

This is ridiculus... Joe Hachem promised me half his winnings from the DBNA championships the other day, and I still haven't seen shit! Get my point? Do we not need contracts for legal deals anymore!?

MikeG

 
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zetus
almost 15 years ago

In a pecentage deal, the $ amount is irrelevant, be it $1 or $1billion.
According to the message left by Gold to Leyser, this constitutes a verbal aggreement and should be upheld. Most agree that Gold owes 50% and should pay up, but greed is more powerful than honor.

 
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marjasin
almost 15 years ago

The whole agreement looks to me as rather silly... And very bad defined. And on top of that a the guy goes on suing Jamie before he even tries to settle this man to man. I wouldnt want to pay that kind of a guy, that tries to take advantage of you like that, a penny.

 
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PatHart
almost 15 years ago

Obviously this case can be viewed 2 different ways. First is jealousy. A typical "nobody" wants a piece of the pie. Second is promises. Unlike other situations in the everyday world where usually a contract is drawn up when big money promises are made, a casino is different. In the world of poker, your word is your bond so to speak. There's no legal documents, there's no signatures. When a player gets staked or backed by a pro in a tournament, usually the agreement is, if the player wins, the financial backer gets 1/2 the winnings, or 1/3 etc.. The point is, it's all about your word. When yuo get staked for the $10,000 main event, theres no legal documents, just your word. And a good player keeps his word, for his reputation, and for the sake of keeping his word. I think if Jamie Gold was stupid enough to promise 1/2 of his winnings, he should ante up.

 
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Eighter10
almost 15 years ago

The fact is, Jamie Gold is just another Chris Moneymaker donk who only won could he got hit in the head with the deck. Marjasin, you're an idiot cuase you dont know the facts. How in the hell are you trying to take advantage of a guy that leaves you a tape recorded message on your answering machine the morning before the final table saying "not to worry, your gonna get your money as promised". Sounds like a binding contract to me. Half is half last time I checked. If I were Leyser, I'd get that damn bracelet apprased and get half of that two.

 
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CyberChas
almost 15 years ago

As Larry said earlier, it's not about the $6M, it's about the PROMISE (and that wonderful voicemail recording) to give him 50%. At the time of the original promise, that 50% was worth $5,000 IN THEORY and $0, most likely. By some flukes of luck and some skill and a hell of a lot of table talk, Jamie turned dead money into $12M. Now, Leyser may be an asshole for panicing and going to court, but that doesn't change the deal. Jamie was apparently looking for either some way to lesson the tax consequences of "giving" Leyser 50% or was looking for some way OUT of doing so -- we may never know. Point is, though, that whether he likes it or not, he OWES him 50%. That was the deal, and he should live up to it. I agree, with the idea of Jamie offering $3M or $4M for Leyser to "go away" just because otherwise, the lawyers will eat it all up and when it's over, there will only be $56,893.12 in the bank account.

 
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PokerBrat420x
almost 15 years ago

Jamie Gold should justbe happy that he is a world champion which is PRICELESS and give dude the 6 mil. He is a great poker player and eventually make alot of the money back from playing all the events. He is wasting his time and missing alot of turney in which he coukd/ and would be cashing in doing this court stuff. You think gold is another moneymaker than i guess you didint see him play. He played really good traped ervyone and won some coin flips just like phil ivy and all the other reat players do. He may be the next Joseph Hachem or Jesus as far as the last few champs go!

 
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Eighter10
almost 15 years ago

Well, kabeezy, that sounds like a newbie comment. He's not a good player and he wont win more tourneys. Anyone who was gettin' the cards he got could have easily won that tournament. As for runnin' his mouth, the guy was way out of line most of the time like a number of players are (not gonna name names, I think its obvious). Basiclly, you're a moron and don't have a clue whats going on in the poker world if you thought he played well. He's not gonna make any money off endorsements now cause nobody wants him. Golds not a marketable guy, he's dishonest and everyone should see that. If it weren't for him gettin ' "hit in the head with the deck" we wouldn't even be talkin' about this. Out!

 
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PokerBrat420x
almost 15 years ago

Well, ADAM, hE'S A PLAYER THAT MADE OTHER GREAT PALYERS DO THINGS THEY WOULD NOT HAVE DONE BY USING HIS MOUTH AND BY PLAYING THE WAY HE DID CONFUSED THEM ENOUGH TO KNOCK HIM OUT. HE WAS NOT GETTING ACES AND KINGS EVERY HAND AND THE LUCKIEST OF ALL IS RAYMER ON THAT FINAL TABLE. H HE WAS PLAYING MARGINAL HANDS AND HITTING FLOPS AND TRAPPING WITH BIG HANDS. IT TAKES BALLS TO CALL RAISES WITH THOSE HANDS WHERE AS A LITTLE GIRL LIKE YOU WOULD HAVE FOLDED AND NOT AMDE THE BOLD MOVES HE DID. YOUR AN IDOT FOR ATTACKING MY POKER KNOWLEDGE SHOWING THE LACK OF CLASS AND THE LACK OF KNLOWLEDGE OF THE GAME. TRUST ME BUDDY HE WILL DO GOOD, HE USIED HIS MOUTH AS A WEAPON BETTER THAN NAYONE IN THE GAME. I DONT EVEN LIKE THE GUY, I JUST AM NOT A TRANNY LIKE YOU WHO WAS PUT OFF BY THE WAY HE OUTPLAYED EVERYONE. GET OVER IT HE IS GOOD AND YOUR WEARING PANTIES.

 
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Chilipot
almost 15 years ago

One thing about all this is that it does not matter how good or how bad a player Jamie Gold is. The won the World Series and thats a fact. He won 12 million again a fact. Thanks to the taped phone messeages we know he promises half his winnings to Leyser for convincing celebraties to wearing Bodog gear. Now Dax maybe a small time celebrity as I would not have known who he was but I canbet the farm my son knows him since he loves MTV. As for Lilard I have seen several movies with him. They both as far as I believe anyone concerned are celebrities.

So was the verbal contract kept by Leyser? Legaly the answer is yes. Was it as many or as well known as Gold would have liked. Probably not. So yes in my opinion and everyone has one like other things. Jamie did not think we was going to win the whole thing when he make the promise and was hoping to make the money bubble. So unfortunatly he not only finished on the final table but he won the whole thing. Is six million too much for Leysers actions? Personaly I think so but none of that matters. The point of the matter is that Leyser was promised half be that half of ten thousand 6 million or zero he still gets half.

So yes I feel Jamie should pay him half. If not it starts to undermine the whole sponsership deal system. Not only does it mean that legaly you would not have to pay half a third or sixty percent of your winnings to someone who post your entrance fee but a verbal contract is still a binding legal contract. With the taped messages we know they had a verbal contract.

just my two cents as a prelaw student and a American poker player in germany

 
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