In the middle of every difficulty lies opportunity.
Albert Einstein
9th October 2017  
 
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The Story

Like a player in the Monopoly board game, Absolute Poker’s Scott Tom served a week in a US jail before he was allowed to go home to his home in Antigua.

 

Seven days? Are you serious?

The very peculiar prison term was given by US Magistrate Judge Barbara Moses. Moses reportedly did not feel that Tom had actually served any time in jail during the booking process. However, Tom’s lawyer James Henderson challenged this by saying that there was no precedent to support Moses’ proposition.

 

The decision bummed Tom out.

Tom apparently expected a different outcome, having bought a non-refundable ticket to Antigua. But he was told by Moses that he’s not leaving the U.S. that easily.

 

But Moses wasn’t entirely hard on Tom.

Moses spared Tom the requirement of supervised release, meaning that upon completion of his seven-day sentence, Tom would have no continuing obligations other than payment of the $300k forfeiture.

 

Takeaway

With Tom finally off the hook, this leaves former PokerStars owner Isai Scheinberg as the only one of the 11 individuals indicted on Black Friday to have yet to reach some kind of accord with US prosecutors.

 
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  FACT YOU NEED TO KNOW
 

Frederick W. Smith, the founder and CEO of FedEx, saved his company by gambling in Las Vegas. He took FedEx’s last $5,000 to Sin City and won $27,000 while gambling on blackjack, paying for the company’s $24,000 fuel bill.

 
 
 

In engaging in a relatively new industry, one must be a leader. Leaders must come together and just see the opportunity to grow an industry properly—take care of customers and stakeholders and help them to be successful so growth can continue.

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Congratulations to Klaus Holse for being appointed as a member of the board of Better Collective! Holse previously served as President of Microsoft for Western Europe and current CEO of SimCorp.

 
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