Is Tom Dwan a Poker Scammer Or A Victim?

Tom dwan owes people a lot of money that's what several prominent figures in the poker Community have to say about Tom dwan alleging that he owes them significant sums of money that have remained unsettled for years in this video we look at the allegations and the aftermath of the incident high stakes pokerpro Peter Jetton initiated the discussion in mid-February by sharing on X I would advised against engaging in financial transactions with Tom dwan he has owed me $226,000 for 4 years and consistently employs delaying tactics to evade settling the debt according to Peter dwan bought a 50% piece of him in the 2020 Aussie Millions on credit then never paid him the 226k in binance he played despite Tom dwan's repeated assurances that the payment would be settled soon Peter grew impatient frustrated by delays Peter eventually threatened danan indicating that he would publicly address the issue on Twitter a couple of days later Jetton further expressed his concern stating I decided to tweet about Tom danan because I think there's zero chance of him actually paying me if I don't my view is that he's got such a massive ego that even if he makes 20 million tomorrow he'll punt it off gambling before he pays some empathized and appreciated Jetton providing a warning but others did not like that he aired his dirty laundry in public and some felt he got what he was asking for a few weeks later Jetton returned to Twitter to update that following his initial tweet he had received $330,000 of the 226k out to him dwan claimed that he would settle the remaining amount in juu but Peter expressed skepticism and did not believe dwan's Assurance after that dwan became defensive asserting that he did not owe jeton any more money Jetton concluded by stating he was always courteous when I granted him additional time but then when I insisted on a resolution he completely changed his approach this Revelation also prompted herbus vulgaris to confirm that dwan has owed him $350,000 for more than a decade as for vulgaris he and dwan had a sports beard deal which means dwan would put bets on for vulgaris to conceal his identity they achieved success in the high seven figures and dwan received a 25% share for his role however initially all the winnings were directed to dwan as he was the one executing the bets vulgaris asserts that dwan lost the winnings by betting on sports as a beard for another group with the same bookmaker leading to his inability to fulfill the payment owed to vulgaris her Albus also disclosed that he managed to recover the majority of the owed amount because a third party owed dwan a seven figure sum and that individual subsequently paid the amount directly to vulgaris dwan had initially proposed a payment plan but after that he ceased Comm communication and effectively disappeared danan acknowledged the accuracy of the situation but expressed frustration over vulgaris employing a third party to gather some of the funds this decision put Tom dwan in a difficult position with others he owed money to leading him to feel reluctant about settling the remaining debt in both instances dwan did not outright deny jeton or vulgaris assertions rather he objected to the approach they took in reclaiming their money this also prompted duck pulk to open his DMS to anyone else dwan might owe money to similar to Peter Jetton Daniel Kates has encountered extreme difficulty in reclaiming the 1 million or more owed by Tom dwan due to the dur challenge periodically every year or two katees brings attention to dwan's unfulfilled Financial Obligations within the poker Community highlighting what he perceives as dwan's problematic Alter Ego last week however jungleman kind of stood up for Tom dwan stating I have realized that in fact he does intend on paying back his debts and has work tirelessly towards that I think he has made a lot of mistakes but also had some up things happen to him and I think it's important to focus on the most mutually beneficial outcome the reason behind jungleman and Tom's sudden cordiality is unclear at the moment speculations suggest that perhaps Tom has begun compensating junglen leading to improve relations between them following Tom dwan's interview with poker news Peter expressed a willingness to arbitrate the matter with a reputable member of the poker Community however he perceived arbitration as another potential delay tactic prompting him to request that dwan escrow the money as a condition for the process dwan referred to Peter as a clown and expressed his willingness to forgive him and assist him as he asserted that Peter was financially struggling but that has since changed one asserts that another investor provided jettin with the funds for the oim million buyin and he preferred to conduct business solely with that individual this person was never identified according to Tom Peter Jetton would never send a full accounting of the 246k Tom owed every time Tom asked for it Peter did not send it so Tom refused to send money until he got the accounting Peter also suffered a significant setback in the alternate staking deal resulting ing in a loss exceeding $1 million of Tom's funds however Tom dwan stated that he allowed Jetton to buy out of his olded amounts at a discounted rate after Jetton made their AUM Millions debt public Tom dwan decided to retract the favor he extended during the buyout deal and requested that a portion of the money forgiven in the buyout be subtracted from what Jetton owed him according to recent updates Tom repaid Peter's $20,000 6 months ago followed by $30,000 after his initial tweet and then an extra $100,000 just a few days back this means Tom still owes Peter $96,000 according to Peter's latest tweet Tom has agreed to put the money in escrow and proceed to arbitration in response to herbus vulgaris Tom danan stated that his account of the story was significantly inaccurate and he was willing to bet on it in the poker news interview dwan claims that he has been settled and squared away for years with herbus vulgaris like we said this his tweet he was referencing 350,000 from 2010 no he tries to make it seem like I owe it to him from bets we did we we have zero figure that's completely clear like there was always this thing on the side that that I was like we you know we could talk about that we could whatever and then he would try to squeeze right and it like so he knows that he's not telling the truth when he's misrepresenting like that there was me and him have been Square for years and years and years also dwan said that until then he would take a page out of his book and snitched out on volara saying how much action did you have on basketball while under contract with the Mavs I wonder what contract and legal spots that could bring up Tom was angry that her Albus threatened to put Tom in legal Jeopardy over unrelated matters if he did not pay which led to Tom posting that tweet mad glance clarified that he had no issues with Tom dwan and felt compelled to emphasize that this specific tweet might lead to consequences that Tom didn't genuinely intend or anticipate this all unfolded in the wake of a week during which Tom dwan was appointed as the new ambassador of ACR the unregulated poker room that faced scrutiny for a bot Farm Scandal earlier in 2024 at the end of the day I I believe in ACR kind of their heart's in the right place given the extensive preparation required to announce a poker Ambassador it's clear to many that the timing of acr's announcement wasn't insensitive but rather that the recent controversy had overshadowed it however this situation does not benefit dwan with the poker Community now closely observing his conduct both on and off the table dwan's performance in the initial 12 months of his professional sponsorship with the burgeoning poker brand will likely decide whether this deal marks the beginning of a new chapter in his career or its conclusion

Channel: Poker Bounty

Views: 97,570

Keywords: tom dwan., tom dwan debt, tom dwan owes money, tom dwan scam, poker scams, poker controversy, poker drama, poker bounty, dwan, tom dwan vs daniel cates, peter jetten, Haralabos Voulgaris, tom dwan triton, durrrr, tom dwan poker, tom dwan news, doug polk tom dwan

Id: o2tHNaFsExs

Length: 8min 33sec (513 seconds)

Published: Wed Mar 13 2024