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PokerStars Sues Erick Lindgren For $2.5 Million

Company Says He Won't Respond To Collection Attempts

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The parent company of PokerStars is suing gambler Erick Lindgren in federal court in Nevada for $2.5 million, according to court documents filed on Jan. 30.

The debt dates back to Lindgren’s days as a Full Tilt Poker sponsored player when the company was run by the likes of Howard Lederer and Ray Bitar. PokerStars acquired Full Tilt Poker and its assets as part of a 2012 settlement with the United States government.

Most of the $2.5 million comes from Full Tilt erroneously wiring an extra $2 million into Lindgren’s bank account, on top of the $2 million he was taking as compensation for work with the company. The rest of the debt comes in the form of a loan to Lindgren.

From the lawsuit:

On or about April 18, 2011, Full Tilt erroneously deposited a $2 million distribution into Lindgren’s bank account. This was a duplicate payment…because Full Tilt had already deposited $2 million into Lindgren’s bank account approximately one week earlier. Various offìcers of Full Tilt corresponded to Lindgren requesting that Lindgren return the full amount of the erroneous deposit, which Lindgren failed to do. Lindgren requested and received from Full Tilt loan advances in the aggregate principal amount of $531,807, all of which (and all interest thereon) remain outstanding. Full Tilt also requested the repayment of the principal of, and payment of the interest on, the loan advances, but Lindgren has persisted to wrongfully retain the total such loan advances and the erroneous deposit, which is a total amount of $2,531,807.

Though Lindgren filed for bankruptcy in 2012 due to total personal debt of nearly $4.8 million and an additional $3.8 million owed to the IRS, a bankruptcy court did not discharge the debt owed to PokerStars, the complaint said. Lindgren’s bankruptcy process is finished and thus PokerStars is resuming efforts at collection.

Lindgren has admitted to having a gambling problem and has sought treatment. Over the past two years he has had success on the tournament circuit, scoring for $1.3 million in 2013 and $153,000 in 2014. He captured his second career WSOP bracelet in 2013.

PokerStars asked Lindgren to repay. He didn’t, and so the company filed a lawsuit. The Isle of Man-based online poker site is also seeking money for damages and attorney’s fees.

“To date, PokerStars and its counsel have not received any response to the request
for payment, which caused PokerStars to file this complaint in an effort to preserve its legal rights,” the court document said.

Card Player contacted a spokesperson at PokerStars to ask about other debts owed to the company and whether they were repaid. PokerStars declined to comment.

Here’s a look at the six-page document.

Lindgren Lawsuit

 
 
 
 

Comments

Baywolfe
over 5 years ago

What a shock, another degenerate gambler is found to be a degenerate gambler. It seems like 50% of the early TV "stars" of poker are bankrupt, in or out of therapy/rehab, and, of course, still gambling.

 
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L2K4FC
over 5 years ago

I don't know how some people sleep at night. How do you not return an oops 2 million dollar deposit?

 
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TandG21
over 5 years ago

Oh that's easy L2K4Fc is what a low life dose

 
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pokertruth
over 5 years ago

Without taking sides please consider the following:

Before and after the time cited in the complaint Full Tilt was operating an illegal enterprise. Did the first distribution of funds to Lindgren be in effect a conspiracy by Full Tilt and Lindgren to knowingly deprive the customers/players of Full Tilt out of their due funds (especially just after Black Friday)? Was the knowing retention by Lindren of the erroneuos second distribution from Full Tilt a criminal act of theft or larceny by Lindren? In many states that would be a crime. Is the alleged debt from Lindren to Full Tilt enforceable in a court of law when in fact the transactions were effected by an illegal enterprise? In many states an illegal loan is not enforceable.

 
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WPS22
over 5 years ago

FTP was never an "illegal enterprise". You are making it sound like a drug smuggling ring.

FTP certainly had its share of legal issues, all have been resolved through payouts to the DOJ at this point though.

They are allowed to sue people and do business and all that, just like any other company could. They are not currently in bad standing with the DOJ, and their entire enterprise certainly isn't deemed to be illegal.

 
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swallsjr
over 5 years ago

You can't draw blood from a stone.

 
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cardplayer1222
over 5 years ago

At the end of the day, the winner is the ATTORNEY.

 
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pokertruth
over 5 years ago

The Complaint fails to allege that Full Tilt ever complied with the Nevada business statutes etc etc etc including but not limited to the filing certain documentation as per below:

"IMPORTANT: READ ALL INSTRUCTIONS CAREFULLY BEFORE COMPLETING FORM.
Before commencing or doing any business in this state (see exceptions in NRS 80.015), every corporation (for profit or nonprofit) organized pursuant to the laws of another state, territory, the District of Columbia, a dependency of the United States or a foreign country, must file in the Office of the Secretary of State:
• The attached Qualification to do Business in Nevada form.
• A file stamped copy of the document most recently filed by the corporation in its home jurisdiction verifying the total authorized stock. If the application is for a nonprofit, non-stock corporation, provide official verification.
etc etc etc

 
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