Poker players know UltimateBet (also known as UB) as one of the major US poker sites before Black Friday took place on April 15th of last year. Not a lot has been heard from the company since that fateful day, aside from the fact that US funds were frozen and International players had to wait extremely long periods of time to see their money at all.
The site was brought back into the spotlight just a few days ago when it was announced that their company, 6356095 Canada Inc., is being sued by a group of eight poker players. The lawsuit was filed in the U.S. District Court in California. It alleges that Excapsa Software Inc., the company name 6356095 Canada Inc. used to go by, violated the RICO Act. RICO stands for Racketeer Influenced and Corrupt Organizations.
Excapsa is also under fire for negligence that caused over $20 million to be stolen from high stakes cash game players. Between 2003 and 2008 there were “super users” on UltimateBet that could see their opponent’s hole cards. The scandal was exposed and the site was forced to refund money to the affected players. The plaintiffs are alleging that the refund amounts did not add up the amounts actually lost, however.
The eight players involved are asking for $1.73 million in compensation. They are also seeking compensation for potential punitive damage. Some of the plaintiffs include high profile pros such as Brad Booth, Thomas Koral, and Dustin Woolf.
A fact that will probably complicate matters is that 6356095 Canada Inc. is in the middle of liquidation proceedings in Canada at the moment. It is currently unknown how this will affect the lawsuit, however.
Stranger lawsuits have succeeded, time will tell whether or not this is one of them. Good luck fellas.