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Black Friday Payment Processor Chad Elie Talks

By , Rakeback.com Poker News Editor

In the aftermath of Black Friday and the Full Tilt Poker scandal, the online poker world spent most of its time worrying about when they’d receive their FTP funds.

Now that those issues have been taken care of (although unfortunately it appears Americans will have to wait a while), we can turn our attention to another direction – what REALLY happened behind closed doors prior to Black Friday? How did the poker world end up in such a bad situation?

One man who can answer a ton of similar questions is Chad Elie, one of the payment processors who was indicted by the Department of Justice on Black Friday. Elie was sentenced to 5 months in jail after his hearing, but for now he’s talking freely about what really happened. He was interviewed by Diamond Flush Poker.

Interview Excerpts

” We sat there, and it was nothing but the Howard Lederer show. I mean, all he did was talk about himself and how he built a 3 billion dollar, 2 billion dollar company, and you know, I don’t even think my poor wife at the time said one word. “

This one guy had his gun drawn directly at my face.

” I watched Ray and Howard play a little craps. They must have played with $75,000 on the table. I think we played craps for about an hour. We all smoked cigars at the table and there wasn’t too much business talking there, but a lot of high stakes craps going on. After that, we made our way to the concert, for the private event. Jay-Z Coldplay concert. Limited to 600 people. Hottest ticket in Vegas at the time and Ray had a fistful of armbands to get in there. “

” Everyone had guns, and this one guy had his gun drawn directly at my face, and he’s screaming at me to get down. I am so not knowing what’s going on, I’m texting I think, my lawyer or somebody and I said, “no no no, I am the good guy!” You just want to talk?” And then the gun came within six inches of my face, slams me down on the ground, handcuffs me and completes what’s called clearing the house… “

Source – Diamond Flush Poker

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