Poker chip flusher gets prison time (1 Viewer)

[k9dr]

5 years in prison for Christian Lusardi

http://finance.yahoo.com/news/man-brought-fake-chips-poker-144443876.html

 

[Poker Zombie]

I would have made a lousy judge. My sentence would of included:

• $500,000 fine for damaging poker's reputation
• a fine to cover replacing all Borgata tournament chips
• Crime of a second degree (intent to steal $75,000 or more) 5-10 years, and a fine not to double the amount of loss to the victim. I'd not throw the book at him (he plead guilty), but 30% to mid-range would be fair - 6 1/2 years, plus the tournament losses.
• $10,000 fine for toilet/plumbing damages
• $50,000 fine mental anguish to each hotel tenant that has shit water dripping on them from his flushing fiasco.
• $1,000,000 fine for mistreatment of a quality poker chip. Ok, this one's excessive. F him.

 

[sleepypiggly]

Crime doesn't pay, unless you work on Wall Street.

 

[Socraticd]

"and $9,455 to Harrah's Casino Hotel for damaging its plumbing"

best line in the article

 

[abby99]

Criminal mischief? An oxymoron if I ever heard one.

IMO he should also be fined for sheer stupidity.

Crime doesn't pay, unless you work on Wall Street.

^^^^^ This.

 

[bergs]

I would have made a lousy judge. My sentence would of included:

• $500,000 fine for damaging poker's reputation
• a fine to cover replacing all Borgata tournament chips
• Crime of a second degree (intent to steal $75,000 or more) 5-10 years, and a fine not to double the amount of loss to the victim. I'd not throw the book at him (he plead guilty), but 30% to mid-range would be fair - 6 1/2 years, plus the tournament losses.
• $10,000 fine for toilet/plumbing damages
• $50,000 fine mental anguish to each hotel tenant that has shit water dripping on them from his flushing fiasco.
• $1,000,000 fine for mistreatment of a quality poker chip. Ok, this one's excessive. F him.

For $50K, I'm camping out underneath the dripping ceiling with my iPad clad in a rainsuit. Knock on my door when you have the cash.

 

[bergs]

Hold up - he has to pay ~$450K in restitution for lost revenue to the Borg....but didn't the Borg stiff the players in the tournament? There was a long link about this on 2+2 that I can't find at work (lolproxy) but if I'm right this actually worked out for the Borgata.

 

[spikeithard]

He's in for a shitty time

 

[jbutler]

Hold up - he has to pay ~$450K in restitution for lost revenue to the Borg....but didn't the Borg stiff the players in the tournament? There was a long link about this on 2+2 that I can't find at work (lolproxy) but if I'm right this actually worked out for the Borgata.

Don't think so, but here's the PokerNews story which breaks down what payouts occurred (I'm too lazy/busy to read through and figure it all out).

In any case, I'd love to crossbook someone on how much the Borg actually gets paid by Lusardi. I'll pay you the amount Borgata receives and you pay the difference between that and $450K. I'd expect to be something like $400k in the black on that one.

 

[Poker Zombie]

Hold up - he has to pay ~$450K in restitution for lost revenue to the Borg....but didn't the Borg stiff the players in the tournament? There was a long link about this on 2+2 that I can't find at work (lolproxy) but if I'm right this actually worked out for the Borgata.

According to the DGE order, Borgata will be responsible for distributing a total of $1,721,805 to eligible entrants who participated in the opening event of the series which was allegedlycompromised by Christian Lusardi. That total includes the $1,433,145 in prize money, as well as the revenue Borgata collected from eligible entrants ($60 per entry for a total of $288,720)

Here's a breakdown of how the payouts will disbursed, according to a statement by Borgata:

• 2,143 entrants who may have been impacted by the counterfeit chips, but did not finish in the top 450, will receive a total of $560 each, which includes a refund of their $60 entry fee. The eligible entrants for the $560 reimbursement include:
  
  • All entrants who played Tuesday, Jan. 14 on Day 1a beginning at 10 a.m., with the exception of those entrants who played in the Event Center and busted out prior to 4:30 p.m (those entrants could not have come into contact with Lusardi)
  • All entrants who played Wednesday, Jan. 15 on Day 1b beginning at 10 a.m., with the exception of those entrants who played in the Signature Room and Poker Room on that day and were eliminated (those entrants could not have come into contact with Lusardi)
  • All entrants who played Thursday, Jan. 16 on Day 2
  • Entrants who re-entered any Day 1 after busting out may also be eligible for a refund of $560 per entry, depending on the above criteria.
  
  
  
• The $50,893 in prize money that remains to be paid to players already eliminated will be disbursed as scheduled
• The 27 players who were still active in the tournament will each be paid $19,323

 

[Puggy]

"....and then breaking the plumbing when he flushed them down a toilet to hide the evidence."

How low one's IQ must be to be able to think like this?

 

[Puggy]

This I found:

 

[Poker Zombie]

He was still smart enough to pull off the "heist" with those sorry-looking replicas. I mean, really, who didn't get tilty on dirty stacks when they were all the same denom?

 

[ParrotheadMZ]

I didn't know Paulson had a chrome colored chip.
Idiot!

 

[jbutler]

He was still smart enough to pull off the "heist" with those sorry-looking replicas. I mean, really, who didn't get tilty on dirty stacks when they were all the same denom?

What's funny is i remember the original threads on 2+2 when this tournament was going on. People were actively questioning what was up with the chips and IIRC floor people even looked at them and said they were fine. A royal clusterfuck for sure.

 

[BiGGyT]

The real crime is that all the old chips have been replaced with new ones, and the old chips are probably dust.

 

[jbutler]

The real crime is that all the old chips have been replaced with new ones, and the old chips are probably dust.

Agreed. Love Game On chips, but it is a real shame that so many beautiful THC chips were shredded.

 

[Poker Zombie]

I guess the question is, did they have to be destroyed? They were T-chips, therefore zero redemption value.

 

[jbutler]

No reason to start a new thread, but just learned something interesting speaking with a casino sales rep from a gaming supply distributor.

In response to the Lusardi scandal, NJ has apparently approved or is in the process approving regulations requiring the same multiple security features it currently requires on cash chips to be placed onto tournament chips as well. Relevant current regs are here (skip down to NJAC 13:69E-1.3 for chip-specific regulations), but I haven't taken the time to page through them or to look at the status of any new pending legislation or proposed regulations.

Obviously no NJ sets cash or tourney are going to be coming to the market due to a variety of factors, but if the trend spreads, we might see fewer solid live tournament sets elsewhere in the future.