Kevin Trudeau - ABC's the Lookout

JB Cases said:
No, they were holding events one year after, they were in business at the 12 month point as the bet stipulated.

Anyway, if you want to continue to bash this after what 7 years now, go for it. The point I and many others made was that the IPT was potentially a great thing, they tried to make a big splash, spent a lot of money, treated the pros well, and had a good model for building a sustainable tour. No one would have dreamed that anyone would pay $2000 to enter a qualifier before the IPT showed up but in fact we saw qualifiers filling up, we saw weeks of mini-tournaments with the prizes being entries to qualifiers, we saw people jumping up to sign players to management contracts, we saw player practicing more, buying tables, planning a real life as a pro based on the IPT's promise.

The IPT showed what it COULD be like with actual actions. Yes it crashed but the fact is that it COULD have gone the other way and ended up being something big. What if, just IF, the Travel Channel had picked it up or some VC had seen it and put in a huge amount? You haters acted like none of that was even remotely possible when in fact deals like this are made every day.

I consider myself lucky to have had a glimpse of what pool COULD be. That's where my enthusiasm and positive outlook came from. Maybe for those of you who were not able to attend any IPT event you could hardly have an appreciation for the energy and vibe happening at the time.

Condemn Kevin all you want but he did put on several high class events showcasing what an ideal professional pool setting could be.
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It could have been a positive outcome for pool if a positive person had a professional outlook for the game.
Kevin Trudeau had his own agenda and turned out to be the biggest pool hustler the game has ever seen.
 
Ralph Kramden said:
It could have been a positive outcome for pool if a positive person had a professional outlook for the game.
Kevin Trudeau had his own agenda and turned out to be the biggest pool hustler the game has ever seen.
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You can look at it that way but Kevin's outlook was professional and positive. If he had been able to get bigger investors then it could have been made into a viable and sustaining tour. As i said earlier the IPT was the most legimate thing KT ever did. Much harder than selling books on infomercials.
 
JB,
KT proved nothing but a bunch of promises. Even now you can't admit the obvious.

Nick


JB Cases said:
What? It could have ended differently. The IPT was something else entirely. For a lot of players it was a glimpse of how it could be. And it put a lot of money into pool for the time it was around.

To me that's no different than beer or cigarette money. Same thing, money made by preying on people's weaknesses.

Newsflash, a lot of the money backing pool players in gambling is drug and vice money....

Kevin is a little fish in the larger scheme.

You want crooks who rob the public of billions? Try telcos who charge 10cts a text message, a service that costs something like .0000000000001cts to provide.

You got blasted back then because you were so negative and refused to give it a chance. But Kevin proved that the model COULD work.
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Nick B said:
JB,
KT proved nothing but a bunch of promises. Even now you can't admit the obvious.

Nick
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Oh, so all the people who paid $2000 to get in qualifiers were not real?

All the tournaments that were run to put people into the larger qualifiers weren't real?

I know we at Fury ran several such qualifiers at $100 per man entry to fund spots in the IPT qualifiers.

The money that the players got paid wasn't real? The way the players were treated at the venues wasn't real?

I guess if your grampa promised to take you for ice cream every day all week and he did four days in a row and then stiffed you on the last day you'd be traumatized for life.

The IPT rose, the IPT fell. It was great while it lasted. Simple case closed.
 
JB Cases said:
Oh, so all the people who paid $2000 to get in qualifiers were not real?

All the tournaments that were run to put people into the larger qualifiers weren't real?

I know we at Fury ran several such qualifiers at $100 per man entry to fund spots in the IPT qualifiers.

The money that the players got paid wasn't real? The way the players were treated at the venues wasn't real?

I guess if your grampa promised to take you for ice cream every day all week and he did four days in a row and then stiffed you on the last day you'd be traumatized for life.

The IPT rose, the IPT fell. It was great while it lasted. Simple case closed.
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Ya know this is a great post. You are absolutely right in your IPT summary. I ve never thought of it this way but this is correct regardless of how much people try to beat it to death it is what it is and it was what it was...
 
JB Cases said:
Oh, so all the people who paid $2000 to get in qualifiers were not real?

All the tournaments that were run to put people into the larger qualifiers weren't real?

I know we at Fury ran several such qualifiers at $100 per man entry to fund spots in the IPT qualifiers.

The money that the players got paid wasn't real? The way the players were treated at the venues wasn't real?

I guess if your grampa promised to take you for ice cream every day all week and he did four days in a row and then stiffed you on the last day you'd be traumatized for life.

The IPT rose, the IPT fell. It was great while it lasted. Simple case closed.
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All very true, but certainly not an original plan......it's what is called the classic Ponzi scheme, after original start-up costs, collect from Paul to pay Peter....until the music stops.

He was conducting $2K "qualifiers" for tournaments that, I believe, he knew would never take place.

J
 
What if your grampa made that promise and you told other kids that you would bring them back ice cream for the entire week?

What about the players that bought into the 3 year plan and made purchases based on those promises?

For the players who understood that the carpet could be pulled out from under them any day and only counted the money when they had cash in hand, it was great. Those that bought into the hype and planned on him living up to his promises got screwed pretty hard.

Mike

JB Cases said:
I guess if your grampa promised to take you for ice cream every day all week and he did four days in a row and then stiffed you on the last day you'd be traumatized for life.
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AzHousePro said:
What if your grampa made that promise and you told other kids that you would bring them back ice cream for the entire week?

What about the players that bought into the 3 year plan and made purchases based on those promises?

For the players who understood that the carpet could be pulled out from under them any day and only counted the money when they had cash in hand, it was great. Those that bought into the hype and planned on him living up to his promises got screwed pretty hard.

Mike
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The way I feel about it is that it's not unlike getting a job. If you run out and make a bunch of purchases based on the thought that this job will be there for years to come and the company goes bankrupt in a year it's no different.

What could the players have possibly been screwed on anyway? I don't remember all the details but is the big problem that there would have been essentially a minimum earning's guarantee for the top 100 players? Other than that I really don't know what promises were made that would have caused anyone to go into debt in a big way. And for that matter what pool players had any means to go into debt in a big way based on IPT promises? I doubt any of them were able to go to the bank and use Kevin Trudeau's promises as collateral.

If grampa promised all the kids on the block ice cream for a week and delivered four out of five days I am pretty sure that the kids would all be cool with it and life would go on.

At the end of the day were any of the players really any worse off after the IPT than they were before the IPT? I don't think so but if you want to provide some examples without names then go ahead. I mean the end was of course a fiasco but the players did get paid eventually.

For the other person who mentioned the qualifiers as a ponzi scheme, this has been covered a bunch of times. The money generated by the qualifiers was no where near enough to cover the tournament payouts and expenses. Furthermore it was a contest of skill with ONE advertised prize per qualifier, a spot in the main event, not in any way a promise of a larger return on the initial invest to each participant which is the definition of a ponzi scheme. Now I am not sure about qualifiers that took place for events that never happened, if there were some then I'd have to classify that as criminal if all the money was not returned to the participants. But were there qualifiers held for events that didn't happen? If all the winners of the qualifiers got the shot at the main events then I don't see a problem.

I get it that this was a huge letdown. But there is no way that anyone could have attended any of the IPT main events and failed to be impressed in my opinion. I doubt that there were very many who would have walked away from that and not given it a chance. The way I look at it is when something like this comes along you have to take the shot.

I feel bad about the vendors who were stiffed. The qualifiers who got stiffed if they got stiffed is also bad. But the players themselves should have known that they were getting into an uncertain situation no matter what words were pitched to them. And still, no way that they are worse off post-IPT in my opinion.
 
LAMas said:
If he could have gotten some of that Macau/Ho money....it could have....
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I think that this was pure BS. As far as I know I was the first person to make the suggestion that the legislation against internet gambling in the USA could have been an issue and then only after that did the stories of Stanley Ho investing in the IPT and subsequent withdrawal meant no investor money.

Only Deno Andrews and Kevin Trudeau know the real story and Deno doesn't dare come here and clear any of it up. Maybe he wants to to forget it. But until the book comes out we won't ever know the real inside story of the IPT's implosion.
 
Nick B said:
Your right JB. Tell us again. Your right.

Nick
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What's on my right?

Oh you mean you're right. Of course I am. Haven't you learned anything during your time here :-)

It's all my opinion man. You have yours I have mine cest le' vie.
 
Just watched it!

Fatboy said:
he spends most of his time in Switzerland, and monaco , there is a 1% chance they talk about the IPT, he has another biz going thats pretty strong (what little i know of it). the IPt is over and done with-new business.
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______________________________________
I have chased and spoke with Kevin Trudeau using "ambush reporting"
Dude can RUN!
filmed it all for "Raising the Hustler" ;)
-A:angel2:
 
Different wife-

iusedtoberich said:
Its over. No mention of IPT.

In summary, he is still selling crap that people are buying up. The crap he is selling is self-help information on how to become successful. Nothing is in his name, but rather his wife's. So he has no assets to pay his $37 million judgement from years ago. He is living the high life of a multimillionaire in Switzerland, all with his "wife's" money. His wife is a 22 year old film student going to school in NYC.

That's it in a nutshell. Mildly entertaining program.
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_______________________________
this is an entirely different wife!
 
Well Said!

JB Cases said:
Wrong about what? No one knew what would happen with the ipt back then. Everyone knew who Kevin Trudeau was and could look up his history.

There were two camps. Those who looked at it and said lets see where this goes and those who tried to strangle it from the start.

I guess it comes down to two outlooks on life. Positive or negative. I choose the positive path.

Also the "newsflash" comment is because some people act like the "money" in pool is otherwise always clean. Nick was hating on Kevin while never saying anything about cigarette companies or alcohol companies. I wasn't predicting anything by the way so there was nothing to be wrong about. The only prediction I did make was to bet that the IPT would be around one year after the bet date and it was and Nick didn't pay up.

Some people just look for the negative in everything and choose to highlight it and try to destroy any endeavor. For them people are not redeeemable and once a person has done something wrong then they will always be evil. I don't choose to look at the world this way and I looked at the IPT as a way for Kevin to do something positive with the money he made by selling things of dubious value.

The haters hated as they always do and gleefully rubbed their hands together with I-told-you-so arrogance when the IPT went down. But here is the thing, the negativity didn't HAVE to exist. Everyone knew Kevin's history. There was no need to try and destroy those of us with a Pollyanna outlook on it who were hoping that this would be good for pool. We were not the only ones who thought it could be good, the industry felt hopeful and confident as well about it.

Anyone can be a hater that's easy. It takes far more effort and bravery to be positive and work for positive change than it does to sit in the corner condemning everything.
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___________________
Remember- This was the most money for a pool event and players got paid-only the last event in Reno was "on the stall" but still, the players got paid AND Deno kept Kevin from bailing on the players with bankruptcy AND EVEN tried to resuscitate the IPT by holdng challenge matches(2007) and a 16 player Pro-Am (2008) which Mika won (and I filmed just about all of it-and interviews galore!)
It's all part of our documentary "Raising the Hustler"
7 years, most every great player and the story of us :love:
 
Chicagoplayer said:
___________________
Remember- This was the most money for a pool event and players got paid-only the last event in Reno was "on the stall" but still, the players got paid AND Deno kept Kevin from bailing on the players with bankruptcy AND EVEN tried to resuscitate the IPT by holdng challenge matches(2007) and a 16 player Pro-Am (2008) which Mika won (and I filmed just about all of it-and interviews galore!)
It's all part of our documentary "Raising the Hustler"
7 years, most every great player and the story of us :love:
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Don't be a tease :-)
 
What players that posted up their entry didn't get it paid back when the tent came down?
 
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