Scott Bell

Writer

E-mail: scott@subjectpoker.com

K. Scott Bell has been a tech company entrepreneur, card player, network engineer, computer graphics artist, video production engineer, and musician. He is now working on an encore career as an author, having written a techno-thriller about artificial intelligence and the coming singularity.

He recently returned to complete a business degree at Colorado State University, slated for graduation in 2012, though the intention is to succeed at the writing gig before having to re-enter the working world. He blogs regularly at http://deadmoneybook.wordpress.com about the cheating scandals at Ultimate Bet and Absolute Poker. His spare time is spent with Reyna, the German Shepherd.





Cereus Owes $54M, Has $5M-$6M Liquid

June 13, 2011 - 11:50 PM EDT
Cereus Owes $54M, Has $5M-$6M Liquid

Correction posted 11:45 PM EST. Subject: Poker's Scott Bell has learned that Absolute Poker and Ultimate Bet's total outstanding debt to players is $53.7 million, but their cash on hand is only between $5 million and $6 million. These numbers came from a reliable source inside of AP management and have been corroborated by a different person inside a different department in the company. Our source, who wishes to remain anonymous, told us that $29.5 million of this liability is to US players. He explained that this number had been artificially lowered by US players systematically moving money to non-US accounts in an attempt to get their money off of the site sooner. He said that such attempts would not be successful. The $5 million to $6 million figure, which is not exact,...

Read more »

UB and AP Since Black Friday

May 20, 2011 - 9:59 AM EDT
Absolute Poker Logo

Confusion surrounds sister sites Ultimate Bet and Absolute Poker post Black Friday, converging from multiple angles and leaving players to guess at what is and what isn't. With high-profile legal firm Blank Rome directing UB and AP to say as little as necessary after the indictment, corporate headquarters has remained largely silent. The company waited six days after the indictment before releasing any statement, and this merely named legal counsel. They've provided only vague language about player...

Read more »