Online poker is once again in the spotlight this week, with the news that new poker room Poker Trillion are leaving the Boss Media Network, issuing a garnishee order and filing a EUR 45 million law suit against them. On Friday, Poker Trillion customers were emailed to inform them of the ‚freezing order‘ on the bank accounts of Boss Holdings Limited.
The law suit against Boss Media and their online payment processer Webdollar is for alleged fraudulent and potential criminal activities by various personnel. Poker Trillion C.E.O Andy Pyrah comments; „As a small and new entrant to the market we are taking a zero tolerance approach to being mistreated by Boss Media. „Owing to the massive irregularities surrounding Boss Media and their handling of Poker Trillion, this led to a number of contractual issues that in turn has led to us making some extremely exciting and important developments in the way in which we operate our business“.
In a statement to the press, Poker Trillion have warned customers of other poker rooms of the Boss Network to be concerned about their funds: „It is to be expected that if Boss Media follow the proper code of conduct then they will shortly make a full and complete disclosure to the Stockholm Stock Exchange which they are listed on, this invariably will have a catastrophic effect on their share price, and may even lead to the arrest by the authorities of certain members of their management team and the possible suspension of their shares. This in turn would mean that players not in the Poker Trillion stable would find their funds that are held by other partners of Boss Media in serious jeopardy.“
A statement from Boss Media appeared on a number of poker forums over the weekend:
PokerTrillion has recently made public allegations against Boss Media AB and its subsidiary Webdollar AB relating to the termination of PokerTrillion’s relationship with the two companies. Boss Media’s policy is not to comment publicly on these kinds of situations. PokerTrillion’s allegations may however have created uncertainty among players regarding availability of player funds. Boss Media therefore wishes clarify the situation.
When a partner of the International Poker Network is terminated the partner will be allowed a period to migrate its players from the network. During such period, and a period after the migration period to be agreed with the poker partner, player funds are available for withdrawal from Webdollar as usual. Consequently the player funds are readily available and can be withdrawn by the players at any time until Boss Media is instructed otherwise by PokerTrillion.
We still have a long way to go regarding what is to be made from this story, as so much is currently undisclosed. Boss Media have not gone any further as yet to release any information on this case other than to appease any concern regarding player funds. PokerTrillion have, it appears, to have released all the information they can at this time and are waiting to hear from the court before they disclose any more. Rumours on the many internet forums are suggesting that the catalyst for the partnership ending between PokerTrillion and Boss Media are in some way connected to rakeback violations and the discounted tournament entries the poker room offered. We must stress that this is pure speculation at this time and we will endeavour to bring you more details on this story as it materialises.