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Chris Moneymaker Suing PayPal |
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Poker Hall of Famer Chris Moneymaker is suing ubiquitous payment processing giant PayPal. In a press release issued late last week, Moneymaker?s attorney, Eric Bensamochan, said that they will be suing PayPal for breach of contract, unjust enrichment and bad faith, ?among other causes of action,? for confiscating more than $12,000 from the 2003 World…
The post Chris Moneymaker Suing PayPal appeared first on Poker News Daily.
Poker Hall of Famer Chris Moneymaker is suing ubiquitous payment processing giant PayPal. In a press release issued late last week, Moneymaker?s attorney, Eric Bensamochan, said that they will be suing PayPal for breach of contract, unjust enrichment and bad faith, ?among other causes of action,? for confiscating more than $12,000 from the 2003 World Series of Poker Main Event champion?s account.
According to Moneymaker, the issue stems from a fantasy football league in which he and 11 friends participated last year. Each player sent Moneymaker their $1,000 entry fee via PayPal for safe keeping. He kept the $12,000 in his account, ready to pay it out to the winner(s) at the end of the season.
This method of ?escrowing? is very common in the poker world, often seen when players engage in prop bets, though in that case, it is usually a trusted third party that holds onto the money until the bet is over. In this case, Chris Moneymaker effectively acted as a treasurer for the fantasy football league, an easier way to organize prize distribution t...
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articulo visto |
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veces, esta semana |
News source: Poker News Daily
Publication date: 01-06-2021 16:15
visto: 1 |
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