Posts Tagged ‘poker pro’

Dan Shak sues Beth Shak over Massive Shoe Collection

Monday, June 25th, 2012

In a story that seems better suited for The Onion or a Saturday Night Live skit, former poker couple Dan and Beth Shak are in a bitter post-divorce battle over a massive shoe collection. Getting into the specifics, Beth Shak has around 1,200 designer label shoes that are collectively worth $1 million. If you’re doing the math, that’s an average of $833 per pair of shoes!

Apparently, Dan Shak wasn’t happy when he heard about how much the shoes were worth because they weren’t included in the divorce settlement. Considering the fact that he thinks the $1 million in shoes could’ve given him at least another $350k in the divorce, Dan has chosen to take Beth to court. An excerpt from his lawsuit that was printed in the New York Post reads as follows:

In the summer of 2011, Daniel became aware that Beth owned and failed to disclose an extensive . . . collection of Christian Louboutin shoes . . . and other high-end designer shoes and bags. Dan trusted his wife and was not inspecting his home to try to find inventory or secret rooms.

The thing that really sticks out here is how Dan Shak is trying to say that Beth hid the shoes in a secret room. She responded to this thinly-veiled accusation by saying, “I’m shaking my head over this whole thing. He is saying he didn’t know the closet in our master bedroom existed.”

On the surface, it doesn’t seem like either member of this former couple is doing too well. Beth claims to be a poker pro – despite not having cashed in a tourney since 2010 – while Dan saw his hedge fund company, SHK Asset Management, lose millions of dollars after the gold market plummeted. And the shoe lawsuit is just the couple’s latest debacle.

Jonathan Duhamel Robbery shows Trend in Poker World

Thursday, December 22nd, 2011

The poker world was shocked today to find out that 2010 WSOP Main Event champion Jonathan Duhamel had been bound, beaten and robbed at his Montreal home. According to Duhamel’s account, the robbers forced their way into his house early in the morning, then started attacking him. Eventually, they tied him up, and began hitting the poker pro repeatedly until he told them where his valuables were.

And the items they took were valuable indeed as the robbers stole Duhamel’s 2010 WSOP Main Event bracelet, along with a Rolex Submarine watch that came courtesy of PokerStars. The 24-year-old spoke about the valuable items by saying, “I won’t hide the fact that these two items have a much larger value for me than their commercial value, and I really hope we will be able to retrieve them in a near future.” Hopefully, Duhamel can eventually recover the stolen bracelet and watch since his name is on them.

Moving past the Jonathan Duhamel robbery, a bigger problem may be at stake here since the Canadian is just the latest poker pro to be the victim of a robbery. Early this year, Jennifer “Jennicide” Leigh had her room safe broken into at the 2011 WSOP. Leigh had a few thousand dollars in the safe, and suspected that it may have been an inside job by hotel staff members.

Much like Duhamel, Scott Montgomery had a scary robbery experience, but to a different degree. A knife-wielding man demanded that Montgomery empty his pockets in a Bellagio restroom; the Canadian obliged, giving the man over $2,000.

One more recent incident involved Kayvan Payman, who was robbed of €4,000 at the EPT Barcelona tournament. Apparently, Payman was leaving the bar with friends, and got ahead of them before having several Spanish thugs surround him and demand money. After being robbed, the poker pro ran back to find his friends, and they chased after the criminals. Eventually, they came upon a local restaurant, where two men not related to the robbers attacked the group with a machete and frying pan.

Fortunately, Payman and his friends weren’t seriously hurt, but the rash of poker robberies has to make a person wonder what’s behind all of these incidents. One element at play here is that poker pros often carry a lot of money around with them, which can attract the attention of thieves. Another aspect behind poker robberies is that players like to drink and party, which leads them to meeting some unsavory characters. And most robbers target people or businesses that they know. Finally, grinders do a lot of traveling, which puts them in unfamiliar cities and locations, thus increasing the chance of being robbed.

We could go on with the list of poker robberies and reasons behind them, but the bottom line is that players need to be careful with whom they associate, and also when they flash their money.

Dan Shak’s Condo goes for $7.4m

Tuesday, October 11th, 2011

Poker pro Dan Shak proved to be recession-proof after selling his lofty New York City condo for $7.4 million. Shak, who bought the home back in 2005 with his ex-wife Beth Shak, originally paid $7.2 million for the property. However, he was somehow able to swing a $200,000 profit while selling it seven years later. Perhaps he did some major upgrades?

The popular reason for Shak selling the condo is that he lost around $7 million in the gold market, and needed a way to make some quick cash. In fact, Shak’s losses caused him to sell off a remaining stake in $850 million worth of future gold contracts, which caused a market scare. This coupled with the aforementioned condo sale had many thinking that he was desperate for money. However, Shak has consistently denied selling his condo to cover gold market losses.

In any case, what is known is that Shak gave his ex-wife $3.25 million when they got divorced in 2008 so that he could keep the property. And one certainly can’t blame Shak for wanting to keep his condo when they look at the pictures. There’s plenty of exquisite decor and excellent terrace views of New York.

As for Shak’s poker career, he’s made over $2.7 million in live tournament cashes, and this includes a victory in the 2010 Aussie Millions Main Event ($1,107,553). In addition to this, he also finished second in the 2011 NAPT Uncasville, which was good for $254,000. In regards to his ex-wife Beth Shak, she hasn’t fared quite so well in the poker world lately, having made only $29,955 in the last two years. Her crowning poker achievement came when she finished second in a 2007 WSOP $3,000 Hold’em event ($328,683); this helped her land a gig as a Full Tilt Poker team member.