By Ian Hiaring, Rakeback.com Poker News Staff Writer
Newly minted Epic Poker League champion David “Chino” Rheem has been placed on probation by the league for failure to pay off debts he owes other players.
Rheem won the inaugural Epic Poker League Main Event earlier this month, and according to a Palms Casino dealer who was in attendance at the final table, people were “lined up to collect from him” at the conclusion of the tournament.
It’s worth noting that the EPL hasn’t stated exactly (or inexactly for that matter) just how much Rheem owes and to whom he’s in debt. Rheem will remain on probation until he’s “satisfied his pre-league formation financial obligations.”
The probation won’t prevent Rheem from participating in any future EPL events unless he violates the terms of the probation, which state that he must use “any and all” winnings from poker to pay of the outstanding debts.
Here’s the complete press release from the Epic Poker League:
As of today’s date, the Standards & Conduct Committee has voted to place Epic Poker League cardholder David “Chino” Rheem on probation subject to the rules and procedures governing the conduct of Epic Poker League members as a result of ongoing personal financial obligations incurred prior to the League’s formation but impacting the League during the Inaugural Epic Poker Main Event. The terms of Mr. Rheem’s probation, designed for the Committee to effectively monitor the personal conduct of Mr. Rheem as he works to meet his personal financial obligations as required under the Players’ Code of Conduct, are as follows:
1. Mr. Rheem’s probation will remain in effect until Mr. Rheem has satisfied his pre‐league formation financial obligations.
2. Mr. Rheem must continue to proactively repay his outstanding debts by, from this point forward, using any and all proceeds Mr. Rheem personally receives from personal poker winnings worldwide to satisfy all of his remaining financial obligations in an orderly fashion.
3. Any new violation of the Epic Poker League rules (including the Players’ Code of Conduct) or the law by Mr. Rheem — now that the Epic Poker League play has been initiated — will result in an immediate suspension of Mr. Rheem’s League card and eligibility to participate in Epic Poker League events.
4. In reaching its decision, the Committee recognized that Mr. Rheem used best efforts and all of the proceeds he personally received from winning the Inaugural Epic Poker league Main Event to partially satisfy outstanding financial obligations. Mr. Rheem must continue to demonstrate this commitment to honoring all of his financial obligations.
Effective August 18, 2011
Signed, Stephen Martin, Chair, Standards & Conduct Committee
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