Manhattan’s U.S. Attorney Preet Bharara claimed on Tuesday that Full Tilt Poker and its board of directors operated the company “as a massive Ponzi scheme against its own players.”

I expect more indictments are on the way and I should say goodbye to my FT bankroll….

Read more on Forbes.com:
http://www.forbes.com/sites/nathanvardi/2011/09/20/feds-call-full-tilt-poker-a-massive-ponzi-scheme/

Basically there is no news yet on the Full Tilt hearing today. The Full Tilt hearing with the Alderney Gambling Control Commission was as expected held behind closed doors. There have been no statements issued so far. One interesting twist is that the AGCC executive director Andre Wilsenach said he was “disappointed with the tribunal’s decision”. Here is his quote:

“I am pleased that the FTP hearing will continue as scheduled, as was argued on my behalf. Notwithstanding my arguments to the contrary, the hearing will be held in private. I believe the public has a right to know the reasoning behind the decisions to suspend FTP’s licences and call a hearing, and to hear the evidence that will be put forward on my behalf.”