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    Nick Rainey on Full Tilt Poker Pre Black Friday QuadJacks Poker Radio

    Posted by Quad Jacks June 1, 2011

    Right click save as to download

    On the same day that Phil Ivey announces he is leaving Full Tilt Poker, Nick Rainey comes onto the QuadJacks radio program and drops another bomb on the beleaguered online site.

    The interview begins with Rainey discussing the Phil Ivey situation. Rainey states that Full Tilt is a poorly run company. He went on to say that he didn’t know the reasoning behind Ivey’s statement but he believes it is to distance himself from the company to protect his image, or he was trying to prevent an indictment from the DOJ.

    If Ivey had ownership in Full Tilt, it would be very hard for the company to prove it due to the fact that there were never any signed contracts. Everything was done on a handshake basis.
    He then goes on to recount the details of some very shady going being brokered at Full Tilt long before Black Friday.

    Rainey, who was a tennis teacher in Las Vegas, was able to meet several professional poker players. One of which was Patrick Antonius. He later became Antonius’s assistant and poker student. He said he made it clear that if Antonius were ever to become sponsored by Full Tilt, he would get him a 100% rakeback account. He goes on to say that through Antonius’s agent, Chris Porter who was working for Poker Royalty at the time, he was able to obtain a second No Rake Account. He purchased this account for $10,000 and paid a monthly fee of $2000.

    Rainey goes to talk about how he staked and tutored a group of young poker players. During the two month the session, he mentored the group of five players how to play and beat the $3-$6 90 player MTTs on Full Tilt. The students were all playing from the same location and the same IP address. Rainey said he had contacted Full Tilt ahead of time, providing photographic evidence to avoid possible problems in the future. Towards the end of the two month training session, one of Rainey’s students was able to win a monthly TLB tournament for a 12K score. Rainey convinced the student to take a shot and play one of the 1.5 million tournaments on Full Tilt.

    The student was able to make a deep run and made it down to the final 50 players. With a 300k prize on the line, Rainey could see that the kid was very nervous and playing over his head. He decides to take his place and went on to win the tournament. According to Rainey, he immediately contacted Chris Porter who was Patrick Antonius’s agent to see if Patrick needed any cash on Full Tilt. He wanted to transfer the winnings to him and Patrick could pay him back in cash when they met in person. He felt this would be the easiest way for the student to cash out and was a standard practice for many players at the time.

    It was then that Rainey could see trouble on the horizon. When the winning student began his training, he did not have a rakeback reward setup on his account. So, when the training began, they setup a brand new account for him using a rakeback code and deposited $300 into his account with the 27% bonus.

    The day after taking down the tournament, the player’s account was locked. The student forwarded the email to Rainey. He told the student to reply saying he was going to transfer it to Antonius thinking they would lift the ban and pass the transfer through. Unfortunately for the player and Rainey, Full Tilt’s security was a separate company. The security company did not interact with the players or with any of the personalities associated with Full Tilt. One of the few things Full Tilt had done right to this point.

    A month long investigation then ensued. In this time period, Rainey’s contact, Chris Porter, leaves Poker Royalty and takes a job with Full Tilt. Rainey felt that Porter was protecting himself at this point. If the information were to come out that he was selling no rake accounts, he obviously would be terminated from Full Tilt.

    Rainey went on to say he contacted Ray Bitar directly about this issue. He said they were acquaintances from Rainey’s connection to Antonius and he had done some software testing for them in the past. He admitted his email used some very harsh wording in regards to this situation. “You’re going to go to jail someday.” “You are running an illegal operation in the U.S.” Rainey also alleged in the email that he knew that Bitar had used player funds to purchase a large advertising campaign.

    The bad blood between the two continued while Rainey was making a deep run in the WSOP Main Event. Bitar refused to give Rainey a sponsorship deal even though he was receiving a large amount of exposure through ESPN at the time.

    Two months have gone by and by this point; Rainey’s account had been locked up. Rainey goes on to allege that Bitar had taken the money for himself. To his knowledge, none of the other players had been compensated. According to Rainey, the student played several thousand MTTs on this account, won and was paid for his 12k win. But yet he wasn’t paid for his 300K score. He goes on to say that to his knowledge, the other players in the 1.5 million GTD tournaments had not been compensated.

    Rainey goes on to say one of his duties as Antonius’s assistant was to manage all of his online accounts. He originally stated that Antonius had 40 Full Tilt accounts but later admits to this being an exaggeration. But he did say he had several accounts. This was done because Patrick had a hard time getting action after he became well known in the Poker World. Rainey was upset at this double standard and told Bitar as much. Patrick Antonius had won millions by doing this but yet he doesn’t get his winnings?

    Rainey went on to cast more allegations towards Full Tilt. It has been well documented that Full Tilt sponsored pro David Benyamine was heavily in debt to Full Tilt. He alleges that David Benyamine was being fed money by a low level Full Tilt employee. He was receiving these funds with the hopes to win the money back that he owed the company. Rainey goes on to say that these transfers were not approved by executives at Full Tilt. Once they became aware, the individual that was responsible was fired. But, Benyamine was still able to play.

    In short, even before Black Friday, the players’ funds were not safe.

    There are 3 Comments

    1. Ur Phate
      - June 2, 2011
        -   Reply
    2. Gazil
      - June 3, 2011
        -   Reply

      This guy is full of shit, speculative nonsense! The guy was multi accounting and got caught. And the prick in the interview cheated by taking over the game. He deserved what he got absolutely FUCK ALL!!!!!

    3. - April 2, 2012
        -   Reply

      great write up NasalDrip you sir are a BOSS!

    Write Your Comment

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