letter from KT

jjinfla said:
I think you are 100% on point.

22 days and counting.

Never, ever trust (that means give him your money) anyone who looks you right in the eye and has a smile on his face.

But I did enjoy the ride and I did get to see some pretty good pool so I did come out ahead. As did all the players prior to Reno.

The players should just chalk it up to another life experience and go on with their life.

Go back to the local tournaments where they can return to beating up on all the weak players and taking their money.

At least Allison Fisher has never done that. As far as I know. She stays at the professional level.

Jake


I have to say something here Jake. I don't think it's as simple as that, "Just chalk it up to experience and go on with your life."

When someone has devoted so much time and energy and money to participate on the highest level in any sport, they do not expect their efforts to be belittled in such a manner. It's like saying "nice try, too bad, better luck next time".

It doesn't matter if they are poolplayers, bowlers or anything else. This is not simply about the tough luck of being a pool player. It is about being deceived and taken full advantage of. If they are not paid, then whoever perpetrated this scam should be held accountable. And all those who played a role in this sham should be punished to the full extent of the law.

My feeling is either make good on all promises or face prosecution either civilly or criminally. KT and his crew should not get off scot free. They have made a shambles out of many peoples lives. It's time to pay up or face the consequences.

This was not some little local shindig where a few guys put up ten bucks and the tournament director ran off with the money. These were major television events with well publicized prize funds. The world's top pool players traveled from all over the globe to participate. Someone has to pay, one way or the other.
 
I have this company. I know you'll consider it extremely successful because we have really, really high expenses. Bet you'd beg for the chance to invest in it.

Sounds ridiculous, right? But is this any less ridiculous?


jamesroberts said:
The fact is the IPT in a little more than a year has been more successful than virtually all other billiard tournament promoters and associations combined. To date, we have paid out more than $3.5 million dollars in added prize money to players.

Very truly yours, Kevin Trudeau, Founder IPT

It takes more than high expenses to be a successful business, but the IPT takes every pool player for a fool, and believes that the average pool player doesn't see through this thick cloud of smoke.
 
jay helfert said:
I have to say something here Jake. I don't think it's as simple as that, "Just chalk it up to experience and go on with your life."

When someone has devoted so much time and energy and money to participate on the highest level in any sport, they do not expect their efforts to be belittled in such a manner. It's like saying "nice try, too bad, better luck next time".

It doesn't matter if they are poolplayers, bowlers or anything else. This is not simply about the tough luck of being a pool player. It is about being deceived and taken full advantage of. If they are not paid, then whoever perpetrated this scam should be held accountable. And all those who played a role in this sham should be punished to the full extent of the law.

My feeling is either make good on all promises or face prosecution either civilly or criminally. KT and his crew should not get off scot free. They have made a shambles out of many peoples lives. It's time to pay up or face the consequences.

This was not some little local shindig where a few guys put up ten bucks and the tournament director ran off with the money. These were major television events with well publicized prize funds. The world's top pool players traveled from all over the globe to participate. Someone has to pay, one way or the other.

Jay, as usual, you are so very right. But KT has a knack for, not only, evading the full consequences of the law (sometimes) but also has the uncanny ability to find new people that continue to throw their money and hopes down the toilet chasing after his false promises and dead dreams.

He never hid his past from the pool community, it's all public information and all over the internet. Most simply closed their eyes or became blinded by the large dollar signs.

What generally surprises me is that even after the very public revelations about the problems surrounding his past businesses; the Electromagmetic Chaos Eliminator, The Mega Memory System, the Hair Restoring System, the Addiction Eliminator System, the Weight Loss System, Mega Reading System, as well as his credit card fraud conviction, FTC charges and settlement, and other sanctions from several State Attorneys General, he continues to find new people still willing to be bilked by him and many are still not even aware of his tainted background. He depends on constantly finding new people that are either not aware of his history or are too desperate to acknowledge it.

Well, now he is doing it to the pool world. I cannot believe that there are still players forking over $2,000.00 to enter qualifiers for a tour that, until now, has not paid their last tournament prizes and is currently a questionable entity. He is still playing the numbers game and still getting new customers, amazing. I also can't find justification for a poolroom owner to be hosting a IPT qualifier at this point, or a player knowing the current facts allowing another player to play in one without informing him of the current situation. I always knew that most players only looked out for themselves, but this is almost unconscionable.

Even judging by some of the responses an this forum as well as at Billiards Digest, I find it startling that so many people either defend him, forgive him or make excuses for him.

Of course I hope that all of the players get paid. But, what does he finally have to do before everyone realizes who and what they are dealing with?
 
The Fat Lady is in the Building

They finally decided to remove the Big Lie on the website that said everybody would be paid right after the round in which they were eliminated. You know, where Trudeau laughed at the stupidity of the question. The Q&A page now reads:

Questions and Answers
This page is currently undergoing maintenance. Please check back soon. We apologize for the inconvenience.​

Did anybody save a verbatim copy of the promise to pay immediately? My lawyer would like to see it.
 
This deal sucks. I work for a small business and the owner is always lagging behind paying us when he is supposed to and as a result I am always getting hit with extra late fees and stuff like that on my bills. Makes me furious. I am sure it is the same kind of deal for the players if not much worse since the amounts in question are substantially more. Hopefully this mess will be resolved soon.
 
jimmyg said:
the Electromagmetic Chaos Eliminator, The Mega Memory System, the Hair Restoring System, the Addiction Eliminator System, the Weight Loss System, Mega Reading System

LMAO some of those are brilliant, did he really sell all those! I can think of quite a few guys and gals on this forum that prob have all those hidden away in some closet somewhere hehe

It's very clear what his plan was, it didn't come off but I still have a feeling the IPT isnt dead yet. If in the end somebody else steals or buys the idea, cuts the prize money down a bit and it results in a sustainable tour I don't doubt the players will be happy. It's tragic that the players havent been payed yet but there are somethings about KT that you have to admire, he certainly has huge ba... well lets just say he's got more front than buckingham palace! :D
 
jay helfert said:
I have to say something here Jake. I don't think it's as simple as that, "Just chalk it up to experience and go on with your life."

When someone has devoted so much time and energy and money to participate on the highest level in any sport, they do not expect their efforts to be belittled in such a manner. It's like saying "nice try, too bad, better luck next time".

.


Gee Jay, I heard through the grapevine that you are a pretty good player and have been known to gamble a bit at the game. Even hustle now and then I hear.

It seems that now the hustlers all got hustled and they are crying like babies.

They never felt sorry for the people they hustled in the past but now when the tables are reversed it is not right.

I watched the LJJ v MS match last night. Only could take about 5 or 6 racks. Really a bad performance. But the announcers were talking about how MS used to hustle. Go into a town and "rob" them of $10,000. Then one of them even said, "he is robbing them now". And they commented on how MS was making the run out look difficult. Didn't say "lemon man" but it was obvious that was what they were thinking.

I said it at the beginning. Mike Sigel was the king of the hustle and he managed to hustle KT and all the pool players. To me it seems obvious that MS was looking out for MS. He was the main winner in this game.

Can't say that I blame him. That is what is expected in the world of pool. If a person is sucker enough to fall for any proposition bet he deserves what he gets.

It was fun while it lasted and now it is time to leave the fantasy world and return to real life.

Jake
 
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jay helfert said:
It doesn't matter if they are poolplayers, bowlers or anything else. This is not simply about the tough luck of being a pool player. It is about being deceived and taken full advantage of. If they are not paid, then whoever perpetrated this scam should be held accountable. And all those who played a role in this sham should be punished to the full extent of the law.

.

I really don't see how you can call it a scam. To me it looks like a venture that just didn't work out. He most likely believed, after MS convinced him, that they would get 64 pool players at each qualifier and that would bring in money to pay the players. Then they would also be able to get people to join the membership club, just like his membership club with his natural cures, and get more money there. Then they could charge to watch the games in live video.

Then they would get it on TV and real money would come in in the form of advertising.

Unfortunately, MS failed to inform KT how poor the pool community really is. Just a minor oversight on Mike's part, I'm sure.

What KT didn't realize is the apathy that exists in pool and how little regard is paid to the top players.

I wonder how many people joined the membership club? 100. 200? You can't make any money that way.

If it is a venture that failed, then bankruptcy is the next step, and most likely there is a time limit before bankruptcy can be filed. I don't know, just guessing. But I believe that will be the next press release. If that is the case then the players will have no cause of action. If they hire an attorney that will just be more money spent. Who knows if they will be successful.

What was that song Doug?

something about holding 'em and folding 'em?

Jake
 
jimmyg said:
J

He never hid his past from the pool community, it's all public information and all over the internet. Most simply closed their eyes or became blinded by the large dollar signs.

What generally surprises me is that even after the very public revelations about the problems surrounding his past businesses; the Electromagmetic Chaos Eliminator, The Mega Memory System, the Hair Restoring System, the Addiction Eliminator System, the Weight Loss System, Mega Reading System, as well as his credit card fraud conviction, FTC charges and settlement, and other sanctions from several State Attorneys General, he

continues to find new people still willing to be bilked by him and many are still not even aware of his tainted background. He depends on constantly finding new people that are either not aware of his history or are too desperate to acknowledge it.

You and Jay are both quite right. You are dealing with a flim-flam peddler. This guy is an artist at weasling and manipulating money right out of the pockets of any true believers he can con onto his bandwagons.

The "wait and see" folks here need to be mindful of this guy's REAL rap sheet. If you stick your hand down a rattlesnakes hole once, it's understandable --- if you think the rattlesnake deserves forgiveness and stick your hand down his hole AGAIN, you're a fool.
 
Inside

I was talking to somebody on the inside the other day and he told me the checks would be comming this week. I certainly hope so. That would be great for the players out there. I am keeping the faith folks. I know I have said some negative stuff about what has been happening, thats because my friends felt like they were being stiffed. I had 5 millionairs stiffing me for $575. When the AC went down in their doctors office building and the temp went up to 90 deg. inside, they called me. I told them they owed me $575 for six months and I sure as hell wouldn't come fix it. He said please come and I will cut you a check for the $575 and one for the cost of the repair. I said OK Dokey!!! When I went into the building I noticed there wasn't any power to the fire anunciator (sp) panel. Guys and gals, that is interlocked to the AC system so no fresh air will be fed to the fire. OK Dokey I thought. So I headed on up to the roof after I got my first check! I took every panel off that bad boy and commenced to rolling myself a big fatty. I got stonder than Cooder Brown and just watched the clouds for about an hour and a half. I put the panels back on, stoped on the fourth floor, went and put the breaker to the annunciator panel back on, silenced the alarm and went and got another check for $600.:D
Thats my story and I am sticking to it!!!;)
Purdman
PS: I don't smoke anymore!!!
 
TheOne said:
LMAO some of those are brilliant, did he really sell all those! I can think of quite a few guys and gals on this forum that prob have all those hidden away in some closet somewhere hehe

It's very clear what his plan was, it didn't come off but I still have a feeling the IPT isnt dead yet. If in the end somebody else steals or buys the idea, cuts the prize money down a bit and it results in a sustainable tour I don't doubt the players will be happy. It's tragic that the players havent been payed yet but there are somethings about KT that you have to admire, he certainly has huge ba... well lets just say he's got more front than buckingham palace! :D

Since KT got this far with selling the bill of goods to the pool community, I think he may have the ability to sell it to someone else and I think this may be the only and "probable" issue at this time.
 
Purdman said:
ISo I headed on up to the roof after I got my first check! I took every panel off that bad boy and commenced to rolling myself a big fatty. I got stonder than Cooder Brown and just watched the clouds for about an hour and a half. I put the panels back on, stoped on the fourth floor, went and put the breaker to the annunciator panel back on, silenced the alarm and went and got another check for $600.:D
Thats my story and I am sticking to it!!!;)
Purdman
PS: I don't smoke anymore!!!

Yea, but you didn't inhale, did you? (You always have to put that disclaimer, big guy):D
 
lol Jake, I read your first post and you laughed at the pool players being "hustled", then I started to read your second and you said "I really don't know how you can call it a scam!"

Make your mind up mate! :D
 
TheOne said:
lol Jake, I read your first post and you laughed at the pool players being "hustled", then I started to read your second and you said "I really don't know how you can call it a scam!"

Make your mind up mate! :D

The wind changed directions...:eek: :eek: :eek: :eek:
 
Purdman said:
I was talking to somebody on the inside the other day and he told me the checks would be comming this week. I certainly hope so. That would be great for the players out there. I am keeping the faith folks. I know I have said some negative stuff about what has been happening, thats because my friends felt like they were being stiffed. I had 5 millionairs stiffing me for $575. When the AC went down in their doctors office building and the temp went up to 90 deg. inside, they called me. I told them they owed me $575 for six months and I sure as hell wouldn't come fix it. He said please come and I will cut you a check for the $575 and one for the cost of the repair. I said OK Dokey!!! When I went into the building I noticed there wasn't any power to the fire anunciator (sp) panel. Guys and gals, that is interlocked to the AC system so no fresh air will be fed to the fire. OK Dokey I thought. So I headed on up to the roof after I got my first check! I took every panel off that bad boy and commenced to rolling myself a big fatty. I got stonder than Cooder Brown and just watched the clouds for about an hour and a half. I put the panels back on, stoped on the fourth floor, went and put the breaker to the annunciator panel back on, silenced the alarm and went and got another check for $600.:D
Thats my story and I am sticking to it!!!;)
Purdman
PS: I don't smoke anymore!!!

I don't drink anymore either! On occasion though I have been known to drink no less than before.
 
jjinfla said:
I really don't see how you can call it a scam. To me it looks like a venture that just didn't work out. He most likely believed, after MS convinced him, that they would get 64 pool players at each qualifier and that would bring in money to pay the players. Then they would also be able to get people to join the membership club, just like his membership club with his natural cures, and get more money there. Then they could charge to watch the games in live video.

Then they would get it on TV and real money would come in in the form of advertising.

Unfortunately, MS failed to inform KT how poor the pool community really is. Just a minor oversight on Mike's part, I'm sure.

What KT didn't realize is the apathy that exists in pool and how little regard is paid to the top players.

I wonder how many people joined the membership club? 100. 200? You can't make any money that way.

If it is a venture that failed, then bankruptcy is the next step, and most likely there is a time limit before bankruptcy can be filed. I don't know, just guessing. But I believe that will be the next press release. If that is the case then the players will have no cause of action. If they hire an attorney that will just be more money spent. Who knows if they will be successful.

What was that song Doug?

something about holding 'em and folding 'em?

Jake

Thought you were gonna go get in a good mood and buy a new car.

I thought I needed and new car too, but I ran the milage back from 102000 to 45000 and it runs a lot better.
 
TheOne said:
lol Jake, I read your first post and you laughed at the pool players being "hustled", then I started to read your second and you said "I really don't know how you can call it a scam!"

Make your mind up mate! :D
Jake = whatever way the wind is blowing at the moment . . . . :rolleyes:
 
jjinfla said:
Gee Jay, I heard through the grapevine that you are a pretty good player and have been known to gamble a bit at the game. Even hustle now and then I hear.

It seems that now the hustlers all got hustled and they are crying like babies.

They never felt sorry for the people they hustled in the past but now when the tables are reversed it is not right.

I watched the LJJ v MS match last night. Only could take about 5 or 6 racks. Really a bad performance. But the announcers were talking about how MS used to hustle. Go into a town and "rob" them of $10,000. Then one of them even said, "he is robbing them now". And they commented on how MS was making the run out look difficult. Didn't say "lemon man" but it was obvious that was what they were thinking.

I said it at the beginning. Mike Sigel was the king of the hustle and he managed to hustle KT and all the pool players. To me it seems obvious that MS was looking out for MS. He was the main winner in this game.

Can't say that I blame him. That is what is expected in the world of pool. If a person is sucker enough to fall for any proposition bet he deserves what he gets.

It was fun while it lasted and now it is time to leave the fantasy world and return to real life.

Jake

Jake,

I want to honor you with a response. I'm not quite sure how to equate hustling pool to presenting a major televised professional pool tour. Somehow, I fail to see the relationship. Do you see a relationship between the golf hustlers that ply the public courses of America and the PGA Tour. The only thing that is similar is that Golf is played in both venues.

And there are people gambling in pool rooms across America at this very moment. The only way they relate to the IPT and a professional tour is that Pool is played in both venues. After that any connection one makes between these activities is a real stretch.

To then say that because these famous pool players have gambled for money, they are fair game to be fleeced by any charlatan who comes along, is a weak argument in my opinion. Do you know that the famous golfer Lee Trevino was a notorious hustler on the public courses of Texas prior to going on tour. Should the PGA have held up his pay checks because of this? I think not.

And because Johnny Archer played Francisco Bustamante for $10,000 dollars ten years ago, it should now grant the IPT the right to hold up their winnings, in an event that has been well publicized for many months. An event that will shortly be seen on television worldwide. Somehow this argument doesn't hold water and I don't think it would go far in a court of law either.

One might argue that these same players are currently being exploited, and their skills and notoriety are being used for gain by a nefarious character, with a dubious background. Fortunately there are laws to protect people in such circumstances. If they remain unpaid, it is my wish that the offenders be held liable and prosecuted to the full extent of the law.

If you are familiar with Case Law, you may know there are precedents for this type of situation. In the case of the World Football League, the principals were held liable, and made to pay millions in back salaries. If Trudeau truly has any money, it can be attached. His name and stamp is all over the IPT.

I think he is scrambling to pay now, because he knows he has some liability. It may not be so easy for him to walk away from this one.
 
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And another point ...

If you are not aware of this, the bankruptcy laws were greatly changed last October, and people claiming bankruptcy are a lot more liable than previously. That is not near an option now as it was before the laws changed.
 
Snapshot9 said:
If you are not aware of this, the bankruptcy laws were greatly changed last October, and people claiming bankruptcy are a lot more liable than previously. That is not near an option now as it was before the laws changed.

Personal Bankruptcy laws were changed-Were Corporate Bankruptcy laws changed as well?
 
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