I've started the ball rolling

Today is deadline day, for ME.

I think it is no coincidence that today the ipt will be "downsizing", and wouldn't be surprised if we either hear that the ipt has folded becuase the ho deal "fell apart", or that while waiting for the deal, all ipt business activity is suspended.

My first order of business today was to call both george fells and Mike panoz from Billiards digest. I spoke to them spearately at great length, and we all came away with a little more awareness of the grim situation.

My biggest concern was that they were aware of the current issues with the ipt, and what their professional position on it was. Before speaking with them, i wasnt so sure where their allgiance lay. I was relieved to hear that their first loyalty was with the readers, and that they had a RESPONSIBILITY to report on all billiards news, both good and bad.

Interestingly enough, their website already reflects some of the ongoing problems with the ip.t the forthcoming issue has some current info on the ipt's status, but when it went to print, things werent as bad as they are now. remember, they can only report the facts as they are, not speculation. Some examples of fact: london inexplicably cancelled. Players not being paid for reno, despite public proclomations of how payments were handled, the lies about the payments afterwards, and the staff being laid off today. Those are facts. Specualtions wich cant be printed, there is or isnt a ho deal, kt does or doesnt have money, what is in kt's head at any given time, etc.

Rest assured, BD is on it and will report all of the facts as they are revealed.

I then got into contact with fox news. They were vey much interested in my info, especially in light of kt's past and present troubles with the us government. It has been requested that i prepare a timeline (thanks guys for not helping when i requested it 3 days ago) on all the events, starting back from last may. I will spend the weekend trying to amass the information. Don't worry, i'll do it myself.

Next I WENT to my attorneys office, who called a very large law firm who handles these things. I can't go into specifics on the forum, but i will say that they are interestd in the case on a 33% contingency basis, with expenses coming off the top only if a judgement is awarded and collected. Their main objective, and they told me how they would do it, would to pursue the concept that a fraud had been committed and then be subjected to punitive damages. they would pursue the ipt, and all it's officers, collectively and individually. (yes, that means you too DENO). They would like to speak to a small handful of playes first, take a "mini" deposition from each, and then file suit. Discovery could take place subsequent to that.

All by 2pm, new york time, how about that?

1 more question for kt and deno. Do you hear that rumbling? Do you? It's the sound of me coming afte you.

rg
 
NYC cue dude said:
Today is deadline day, for ME.

I think it is no coincidence that today the ipt will be "downsizing", and wouldn't be surprised if we either hear that the ipt has folded becuase the ho deal "fell apart", or that while waiting for the deal, all ipt business activity is suspended.

My first order of business today was to call both george fells and Mike panoz from Billiards digest. I spoke to them spearately at great length, and we all came away with a little more awareness of the grim situation.

My biggest concern was that they were aware of the current issues with the ipt, and what their professional position on it was. Before speaking with them, i wasnt so sure where their allgiance lay. I was relieved to hear that their first loyalty was with the readers, and that they had a RESPONSIBILITY to report on all billiards news, both good and bad.

Interestingly enough, their website already reflects some of the ongoing problems with the ip.t the forthcoming issue has some current info on the ipt's status, but when it went to print, things werent as bad as they are now. remember, they can only report the facts as they are, not speculation. Some examples of fact: london inexplicably cancelled. Players not being paid for reno, despite public proclomations of how payments were handled, the lies about the payments afterwards, and the staff being laid off today. Those are facts. Specualtions wich cant be printed, there is or isnt a ho deal, kt does or doesnt have money, what is in kt's head at any given time, etc.

Rest assured, BD is on it and will report all of the facts as they are revealed.

I then got into contact with fox news. They were vey much interested in my info, especially in light of kt's past and present troubles with the us government. It has been requested that i prepare a timeline (thanks guys for not helping when i requested it 3 days ago) on all the events, starting back from last may. I will spend the weekend trying to amass the information. Don't worry, i'll do it myself.

Next I WENT to my attorneys office, who called a very large law firm who handles these things. I can't go into specifics on the forum, but i will say that they are interestd in the case on a 33% contingency basis, with expenses coming off the top only if a judgement is awarded and collected. Their main objective, and they told me how they would do it, would to pursue the concept that a fraud had been committed and then be subjected to punitive damages. they would pursue the ipt, and all it's officers, collectively and individually. (yes, that means you too DENO). They would like to speak to a small handful of playes first, take a "mini" deposition from each, and then file suit. Discovery could take place subsequent to that.

All by 2pm, new york time, how about that?

1 more question for kt and deno. Do you hear that rumbling? Do you? It's the sound of me coming afte you.

rg


Thats what I'm talkin' about! Let's get to some legal and then physical beat downs.
 
NYC cue dude said:
Today is deadline day, for ME.

I think it is no coincidence that today the ipt will be "downsizing", and wouldn't be surprised if we either hear that the ipt has folded becuase the ho deal "fell apart", or that while waiting for the deal, all ipt business activity is suspended.

My first order of business today was to call both george fells and Mike panoz from Billiards digest. I spoke to them spearately at great length, and we all came away with a little more awareness of the grim situation.

My biggest concern was that they were aware of the current issues with the ipt, and what their professional position on it was. Before speaking with them, i wasnt so sure where their allgiance lay. I was relieved to hear that their first loyalty was with the readers, and that they had a RESPONSIBILITY to report on all billiards news, both good and bad.

Interestingly enough, their website already reflects some of the ongoing problems with the ip.t the forthcoming issue has some current info on the ipt's status, but when it went to print, things werent as bad as they are now. remember, they can only report the facts as they are, not speculation. Some examples of fact: london inexplicably cancelled. Players not being paid for reno, despite public proclomations of how payments were handled, the lies about the payments afterwards, and the staff being laid off today. Those are facts. Specualtions wich cant be printed, there is or isnt a ho deal, kt does or doesnt have money, what is in kt's head at any given time, etc.

Rest assured, BD is on it and will report all of the facts as they are revealed.

I then got into contact with fox news. They were vey much interested in my info, especially in light of kt's past and present troubles with the us government. It has been requested that i prepare a timeline (thanks guys for not helping when i requested it 3 days ago) on all the events, starting back from last may. I will spend the weekend trying to amass the information. Don't worry, i'll do it myself.

Next I WENT to my attorneys office, who called a very large law firm who handles these things. I can't go into specifics on the forum, but i will say that they are interestd in the case on a 33% contingency basis, with expenses coming off the top only if a judgement is awarded and collected. Their main objective, and they told me how they would do it, would to pursue the concept that a fraud had been committed and then be subjected to punitive damages. they would pursue the ipt, and all it's officers, collectively and individually. (yes, that means you too DENO). They would like to speak to a small handful of playes first, take a "mini" deposition from each, and then file suit. Discovery could take place subsequent to that.

All by 2pm, new york time, how about that?

1 more question for kt and deno. Do you hear that rumbling? Do you? It's the sound of me coming afte you.

rg

You need any financial assistance, PM me. All I will want is my money back. No interest. Maybe a few minutes in KT's cell block.:rolleyes: Don't worry, it wouldn't take very long. I am impotant but I think I could get it up for KT:D .
Purdman:cool:
 
wahcheck said:
This is some heavy stuff comin' on..
Honestly.... if you were to not pay your rent, mortgage, car payment, etc for 40+ days and you were completely silent for the first 30+ days when they tried to contact you... these companies would be left with no choice but to take action to ensure they got what they were owed.
 
RG, you know I'm not a lawyer, but the fraud angle seems tough, no? I've become very cynical about this situation, but even I don't think this was a scam in the traditional sense.

I guess the only fraud I could see is if he continued to run the qualifiers once he knew there was no chance the tour would go on. But even if that were the case, we're talking about a significantly smaller sum of money (only the qualifiers past the date he decided to pack things in), and seemingly, the only people able to collect would be those who played in those qualifiers.

I do commend you on taking action though and I wish all the best of luck with it.

- Steve
 
I think so too

Steve Lipsky said:
RG, you know I'm not a lawyer, but the fraud angle seems tough, no? I've become very cynical about this situation, but even I don't think this was a scam in the traditional sense.

I guess the only fraud I could see is if he continued to run the qualifiers once he knew there was no chance the tour would go on. But even if that were the case, we're talking about a significantly smaller sum of money (only the qualifiers past the date he decided to pack things in), and seemingly, the only people able to collect would be those who played in those qualifiers.

I do commend you on taking action though and I wish all the best of luck with it.

- Steve

Sometimes people get so emotionally charged, they might not look at the whole picture....it's true about the lying, and non-payment (Reno), late payments (Vegas), but to me, it's still poor business practices rather than a "scam"......Certainly you can wait for the next announcement before going too far? I also commend you for your commitment to be proactive...
 
NYC cue dude said:
Today is deadline day, for ME.

Next I WENT to my attorneys office, who called a very large law firm who handles these things. I can't go into specifics on the forum, but i will say that they are interestd in the case on a 33% contingency basis, with expenses coming off the top only if a judgement is awarded and collected. Their main objective, and they told me how they would do it, would to pursue the concept that a fraud had been committed and then be subjected to punitive damages. they would pursue the ipt, and all it's officers, collectively and individually. (yes, that means you too DENO). They would like to speak to a small handful of playes first, take a "mini" deposition from each, and then file suit. Discovery could take place subsequent to that.

rg

Randy, good work. I've been holding off making comments or suggestions about the retaining of an attorney, an area that I am pretty well seasoned in, for several reasons.

My suggestions were to include; 1) being a pool player should have no bearing in the attorney selection process 2) the correct definition of "contigency", with rough percentages 3) comments on a $30,000 "retainer" and information on how retainer funds are charged off 4) the importance of correctly assessing the chances of "recovery" 5) the major importance in selecting an attorney that specializes in these types of cases 6) the additional benefits of "high profile" attorneys in cases involving "high profile" individuals 7) the inclusion of Dominic Barbara, from Caryle Place on Long Island, as a possibility for consideration.

But, it appears that you have the resources to proceed correctly.

If I had the timeline down, I would have sent it to you already.

Good luck,
Jimmy
 
Steve, with all due respect, and without giving out too many details, the fraud angle may have better legs than initially thought. The attorneys will look first at money laundering, and coupled with that, remember, foreign players had 30% of their winnings removed for taxes, which opens up a whole other can of worms.

There already exists a substantiall contingency in the us government that is really prepared to "invest heavily" in researching any new accusations against their ole buddy kt.


rg

Ps, and now you know why i don't leave home without my bodyguard. You remember Joe, right? ; - )
 
There are IPT members who took the promises at face value, made changes to their lives, decided to forego other income opportunities, paid their fees, invested their time, possibly burnt bridges --- because they were told their income was completely guaranteed, nailed down, put away, supervised by an accounting firm, a dead lock. This was simply not true, but wow, what an inducement. I'd call that a scam.
 
NYC cue dude said:
Steve, with all due respect, and without giving out too many details, the fraud angle may have better legs than initially thought. The attorneys will look first at money laundering, and coupled with that, remember, foreign players had 30% of their winnings removed for taxes, which opens up a whole other can of worms.

There already exists a substantiall contingency in the us government that is really prepared to "invest heavily" in researching any new accusations against their ole buddy kt.


rg

Ps, and now you know why i don't leave home without my bodyguard. You remember Joe, right? ; - )

Good points all, rg. The players - and a bunch of sick elderly - may end up owing you a lot out of this.

I don't remember Joe, though, lol. Maybe you can PM me?

- Steve
 
NYC Dude...<<foreign players had 30% of their winnings removed for taxes, which opens up a whole other can of worms.>>

And it is a HUGE can of worms. I had not thought of that angle. TAP..TAP
 
steve,

Joe is my driver, the retired Ny police detective who used to sit at the pool room with me whenever i shot pool. You also met him at the straight pool championships? Tall, maybe 6' 3" and a mustache? He's like my emex card. lol.

Btw, I also forgot to mention, I heard that today, in kt's announcment today, that it will include the following:

"Unfortunately, the 2007 year, WILL NO LONGER INCLUDE THE 100K GUARANTEE"

Not like i expected a 2007 season, anyway, at this point.


rg
 
I agree 100% with what you are doing, but why give KT the heads up with all the details? Wouldn't discretion be advisable at this point, so he is not able to prepare?
 
Fraud is defintely a possibility, when someone makes public declarations or promises. This has been mitigated many times in case law, and defendants held accountable for written and oral guarantees (promises).

The issue of money held back for the IRS, may turn out to be KT's undoing. If this money is not paid to the IRS in a proper manner, it becomes a criminal matter, not just civil. Back to the slammer KT.

There is indeed ample evidence to indicate mail fraud (acceptance of qualifier entry fees via credit cards - ongoing to by the way) and criminal negligence (prior knowledge that no payment for Reno would be forthcoming). To hold this tournament with the knowledge that no payment would be made to the participants is a serious matter, again possibly criminal.

Tru-Do better prove he had this money somewhere prior to the event taking place. And if he does so, it becomes attachable. Kind of a two pronged sword facing him.

He may find many people hot on his trail, not just Randy. My desire is to force him to pay up for Reno, even if he goes belly up with the IPT. Then he can go on his way, as far as I'm concerned.
 
Last edited:
Huge Mistake....

NYC cue dude said:
1 more question for kt and deno. Do you hear that rumbling? Do you? It's the sound of me coming afte you.

rg

Why give out all this information instead of having the element of surprise on your side?

Why make the last statement?

Never, ever, advise your opponent that they have it coming.

I suggest you provide copy of this statement to your lawyers. They will definitely want to know about this.

Stop the ramblings and the posting of what you are going to do, and like NIKE says: Just Do It.
 
The list of people being 'laid off' from the IPT was supposed to have been released by now. Has anyone heard from any laid off employees ?
Doug
 
EasyMoney said:
I agree 100% with what you are doing, but why give KT the heads up with all the details? Wouldn't discretion be advisable at this point, so he is not able to prepare?

Exactly, but it seems NYC Dude is too pumped up to fully comprehend that it is better to stop the talk and do the work.....
 
Dr. Dissent said:
Why give out all this information instead of having the element of surprise on your side?

Why make the last statement?

Never, ever, advise your opponent that they have it coming.

I suggest you provide copy of this statement to your lawyers. They will definitely want to know about this.

Stop the ramblings and the posting of what you are going to do, and like NIKE says: Just Do It.


This exactly what any competent attorney does first, prior to launching litigation. Sends a warning threatening legal remedies, if there is no compliance with prior agreements or promises made to the injured parties. Injured parties in this case being the pool players.
 
Dr dissent,

Your kidding, right?

Surely you know that I am NOT bringing suit against kt. In class action, in this case, the agrieved pool players, are the ones bringing suit. I have done nothing more than facilitate brining attorney's and clients together. I am not deposable, as I make no claims to personal injustices.

Furthermore, any civil code or criminal laws that have already been broken are mostly a matter of public record. The rest will be detrmined through discovery. It is no longer in my hands, or KT's for that matter to change, alter or hide anything. Even if there was evidence tampering, the things the attorneys said, cant be covered up.

But the real kicker is this, kt probably already knows that this wont go unanswered. No real surpirses here.

rg
 
Back
Top