A lawsuit was filed today in Maryland against a new poker tour. In the lawsuit it was mentioned that, the tour was a fraud, has been accused of doing fraud, and operation of a Ponzi scheme.
The Players Poker Championship was the event organized by Aruba World Championship, it claimed to pay out $200,000 as winning a prize of final table. The event was organized in 2016, and the organizer asked the winning players that their amount will be played later. The organizers lied to the players that delay in payment is because of issues with the Government of Aruban.
The event was organized in the month of November and in the last of December, the winner poker players Stephen Deutsch, Joan Sandoval, John Ott, and Michael Lerner were told that they will receive their respective payment later because of some issues. An email was sent to all the players and informed that funds weren’t available and some arrangement will be done for that soon.
After some time, i.e. around Dec. 24, all types of information got removed from the website of PPC. The PPC event was managed by Thomas “Sandy” Swartzbaugh and Bryan Oulton. In the lawsuit, both the persons are called the “accomplished hucksters”.
The allegation has been made that Swartzbaugh and Oulton company failed to segregate entrée fee and tournament prize money. In the absence of that, PPC practiced the illegal way of taking money from creditor and paying it to another. It has also enriched itself by becoming the member.
Casino Maryland Live hosted the event of PPC; in the lawsuit the name of Casino Maryland Live is also mentioned. It is said that, the casino has helped organizer and it has not followed the proper check process before organizing the event.