Thursday 18th September 2008 UltimateBet files $75 million cheating claim
While Phil Hellmuth will be grabbing the headlines tomorrow for his grand entrance at the final stages of WSOP 2008 there is much going on behind the scenes at his employer UltimateBet with the well known poker group having filed a $75 million claim against a Canadian company involved in the software which the group used. So what happened?<br />
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It is alleged in court papers that UltimateBet was the victim of a scam which ran from January 2005 to January 2008 and is said to have netted the alleged crooks tens of millions of dollars. It has been compared to the scam which hit UltimateBet’s sister site AbsolutePoker but this one seems to have lasted for much longer and netted an awful lot more money.<br />
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While details are still fairly thin on the ground there appears to have been some kind alleged ring of players involved who seem to have had access to information and data which was not available to the public. UltimateBet has stated that those who lost money will be repaid, after an outside investigation has been completed, but there are concerns that the issue could drag on for some time before being unravelled to the public.
Source: gambling_CMS_tmark938
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