Posts Tagged ‘AJ Green’

Absolute Poker $30m Tax Bill – The Final Scandal

Friday, December 30th, 2011

Absolute Poker has never been the most reputable site since they were entangled in one of the biggest poker scandals in history. An employee by the name of Allan Grimard (a.k.a. AJ Green) played under the superuser account “POTRIPPER,” and could see his opponents’ hole cards. After various complaints were lodged, the Kahnawake Gaming Commission investigated the matter, and discovered that Grimard essentially stole millions of dollars from players through seeing their hole cards.

With this little history lesson out of the way, it’s worth mentioning that Absolute’s mark on the poker world will soon come to a close because they’re reportedly ready to liquidate assets and pay players back. Now players won’t receive full payment back on their deposits since Absolute is apparently only going to deliver between 15 and 20 cents on the dollar; but it’s probably more than most players expected to get.

Speaking of liquidating their assets, it doesn’t look like Absolute will be paying the $30 million tax bill that the Norwegian government has sent their way. After a lengthy investigation done by Norway’s Tax Crimes unit, they concluded that Absolute Poker had been laundering money through the country via a holding company called Madeira Fjord.

Those who followed Absolute after Black Friday may remember Madeira Fjord because they filed bankruptcy when the poker site refused to pay them for services. And now it’s been revealed that these services included laundering money for AP when they were having trouble accepting US customer deposits.

In any case, it looks like Absolute Poker and their checkered past will soon be wiped off the map when everything is sold, and players receive fractions of what they’re owed. Furthermore, co-owner Brent Beckley is headed off to prison for 12-18 months, while colleague Scott Tom should be joining him in the near future.