Six-times World Series of Poker bracelet winner, Ted Forrest, has been charged with theft and writing bad checks in a $215,000 tug of war with Wynn Casino, Las Vegas.
Could Ted Forrest do with a Bill Perkins overzealous prop bet right now?
As the weekend broke, Clark County chiefs issued a warrant for his arrest in connection with a couple of bounced checks sent the way of the Wynn in Las Vegas.
According to Dave Palermo over at Las Vegas Journal Review (LVJR), Forrest, 51, wrote two checks totalling $215,000 and handed them to the cashier at Wynn between Oct 28, 2012, and May 17, 2013. District Court papers show that Forrest didn’t have sufficient funds in his account to cover the amount.
Clark County officials have charged the World Series of Poker (WSOP) superstar with theft and handling bad checks, a crime that could lead to incarceration. Forrest’s legal team told the LVJR that Forrest didn’t owe Wynn any money and that he wrote the checks in connection to a line of casino credit Forrest was trying to establish.
Despite Forrest’s lawyers pleading his innocence, court papers showed that in 2013, the WSOP champion signed a confession of judgment stating that he owed Wynn $270,000, and had agreed to a payment plan of ten monthly instalments of $10,000 and a $170,000 lump sum. Those same papers explain how Forrest never cleared the debt although the case died. The same papers allege that in September 2015, Forrest owed The Mirage $40,500 from a $100,000 loan taken in 2013. It’s unclear whether Forrest paid that loan.
Forrest has earned over $6.3m in live tournament earnings and has been shortlisted for a position in the Poker Hall of Fame several times. He won his sixth bracelet after beating Phil Hellmuth, heads-up, for a $1,500 Razz title in 2014 earning $121,196. Last year he finished fourth in the $10k Seven Card Stud Championships for $72,971.
Six years ago, Forrest shed 50 pounds in a weight loss prop bet with Mike Matusow, only for The Mouth to renege on the bet. Forrest outed Matusow on Twitter in 2014 stating that he only received $70,500 of the $2m he was owed.