Dutch Boyd is a thieving scumbag in the same category as Aces Charlie. He stole hundreds of thousands of dollars from poker players who deposited at his site. Why he's allowed to play in the WSOP (and how he's avoided physical confrontations with his victims) is a mystery. He should be in jail.
Actually, I haven't heard any of those stories about Dutch Boyd. All I know him from is the WSOP on TV, last year and this year. Had no idea he was a crook, too. Let's hear the whole story. I kind of wanted to kick his ass, just because I know I could, and he's an arrogant punk.
Dutch Boyd operated an online cardroom called "Pokerspot" that went out of business with their customers' money (a total of $400,000) in the summer of 2001. You can find out plenty of info by searching Google Groups for group: rec.gambling.poker and "Pokerspot."
The brief story: Dutch used his customers' deposits to keep the site running when it was low on money. He claims he's the innocent victim of a credit card processor who never sent PokerSpot some of the deposits, but he kept the site running (and accepting new credit card deposits) for over 6 months after the problem with the credit card processor. He hoped the new deposits would be enough to cover the old ones, which is basically the same as a Ponzi scam.
The worst part is that Dutch repeatedly insisted, both by e-mail and in the rec.gambling.poker group, that Pokerspot would make good on all pending cashouts, and he'd sell his software and the business if necessary. But when Boyd received an offer for the business that would pay the cashouts and give him $200,000 on top of that, he turned it down. He refused to take the deal because it included a 2 or 3 year non-competition clause, and he insisted that he wouldn't sell without getting $1,000,000 for himself. Of course, the person who made that offer laughed in his face and that was that. See: http://groups.google.com/groups?q=author%3Cimg%20src=%22i/expressions/face-icon-small-tongue.gif%22%20border=%220%22%3Esyshack%40aol.com&hl=en&lr=&ie=UTF-8&oe=ISO-8859-1&selm=b6e0004f.0301022242.51bdacbf%40posting.google.com&rnum=2
The brief story: Dutch used his customers' deposits to keep the site running when it was low on money. He claims he's the innocent victim of a credit card processor who never sent PokerSpot some of the deposits, but he kept the site running (and accepting new credit card deposits) for over 6 months after the problem with the credit card processor. He hoped the new deposits would be enough to cover the old ones, which is basically the same as a Ponzi scam.
The worst part is that Dutch repeatedly insisted, both by e-mail and in the rec.gambling.poker group, that Pokerspot would make good on all pending cashouts, and he'd sell his software and the business if necessary. But when Boyd received an offer for the business that would pay the cashouts and give him $200,000 on top of that, he turned it down. He refused to take the deal because it included a 2 or 3 year non-competition clause, and he insisted that he wouldn't sell without getting $1,000,000 for himself. Of course, the person who made that offer laughed in his face and that was that. See: http://groups.google.com/groups?q=author%3Cimg%20src=%22i/expressions/face-icon-small-tongue.gif%22%20border=%220%22%3Esyshack%40aol.com&hl=en&lr=&ie=UTF-8&oe=ISO-8859-1&selm=b6e0004f.0301022242.51bdacbf%40posting.google.com&rnum=2
Oops, that previous reply got screwed up because the URL to the newsgroup post was too long. Let me try that again:
Dutch Boyd operated an online cardroom called "Pokerspot" that went out of business with their customers' money (a total of $400,000) in the summer of 2001. You can find out plenty of info by searching Google Groups for group: rec.gambling.poker and "Pokerspot."
The brief story: Dutch used his customers' deposits to keep the site running when it was low on money. He claims he's the innocent victim of a credit card processor who never sent PokerSpot some of the deposits, but he kept the site running (and accepting new credit card deposits) for over 6 months after the problem with the credit card processor. He hoped the new deposits would be enough to cover the old ones, which is basically the same as a Ponzi scam.
The worst part is that Dutch repeatedly insisted, both by e-mail and in the rec.gambling.poker group, that Pokerspot would make good on all pending cashouts, and he'd sell his software and the business if necessary. But when Boyd received an offer for the business that would pay the cashouts and give him $200,000 on top of that, he turned it down. He refused to take the deal because it included a 2 or 3 year non-competition clause, and he insisted that he wouldn't sell without getting $1,000,000 for himself. Of course, the person who made that offer laughed in his face and that was that. See the following for more info: http://tinyurl.com/3q59l
Dutch Boyd operated an online cardroom called "Pokerspot" that went out of business with their customers' money (a total of $400,000) in the summer of 2001. You can find out plenty of info by searching Google Groups for group: rec.gambling.poker and "Pokerspot."
The brief story: Dutch used his customers' deposits to keep the site running when it was low on money. He claims he's the innocent victim of a credit card processor who never sent PokerSpot some of the deposits, but he kept the site running (and accepting new credit card deposits) for over 6 months after the problem with the credit card processor. He hoped the new deposits would be enough to cover the old ones, which is basically the same as a Ponzi scam.
The worst part is that Dutch repeatedly insisted, both by e-mail and in the rec.gambling.poker group, that Pokerspot would make good on all pending cashouts, and he'd sell his software and the business if necessary. But when Boyd received an offer for the business that would pay the cashouts and give him $200,000 on top of that, he turned it down. He refused to take the deal because it included a 2 or 3 year non-competition clause, and he insisted that he wouldn't sell without getting $1,000,000 for himself. Of course, the person who made that offer laughed in his face and that was that. See the following for more info: http://tinyurl.com/3q59l
I was slightly amused by the piece, but the best part was the Norman Chad "West Side Story" punchline set to a shot of them in Fubu garb walking down the middle of a sidewalked street.
Those guys will never be near the Poker Gang in stature, and I'm just talking cards..not sports nor bankrolls nor investments.
They seem of great potential, but are too confident, the majority of them will probably go broke at least 3 to 5X in their careers via blood games with other pros..instead of milking the tourists like many of the less egocentric no-name pros do for a living.
Those guys will never be near the Poker Gang in stature, and I'm just talking cards..not sports nor bankrolls nor investments.
They seem of great potential, but are too confident, the majority of them will probably go broke at least 3 to 5X in their careers via blood games with other pros..instead of milking the tourists like many of the less egocentric no-name pros do for a living.
