Erick Lindgren Sued By Rational Group In Order To Recover $2 Million Debt

Erick Lindgren Sued By Rational Group In Order To Recover $2 Million Debt February 5, 2015 February 5, 2015 Tim Glocks
Posted on  Feb 5, 2015 | Updated on  Feb 5, 2015 by Tim Glocks

Erick LindgrenOne of the most common problems that online poker players are confronted with deals with unfortunate delays that occur during their withdrawal process. Online gambling companies often have a tedious payment process or end up not paying the client the full amount that was due.

Full Tilt Poker which is owned by the Rational Group have a similar problem as the company accidentally made a double payment of over $2 million in 2012 to their former employee Erick Lindgren. The oversight happened when an FTP employee made payment for the same amount twice. The double credit was accepted by Lindgren and when representatives of the company contacted him to recover the additional funds, Lindgren did not respond.

It has not been over 2 years since this oversight has occurred but Lindgren has not refunded any of the additional funds. After several futile attempts at recovery, the Rational Group was left with no choice but to go to court and sue Lindgren for $2 million which was supposed to be erroneously transferred. Lindgren also received a 2nd transfer by mistake for the amount of $531,807 and the courts now want to recover both transactions.

Lindgren is a professional poker player and a 2 time World Series of Poker (WSOP) and World Poker Tour (WPT) champion and based on the results of the Hendon Mob has won over $10 million in live tournament prize money. Lindgren also spends a lot of time playing online poker at the PokerStars and Full Tilt Poker winning himself a combined revenue of $1.6 million till date.

One of the reasons for the poker pro refusing to co-operate and refund the money is possible because he has none left. The 38 year old Erick Lindgren has a gambling addiction and entered into a rehab home in California during 2012. His gambling addiction got him into huge debt and at one point he owed his creditors over $10 million and had no bankroll at all. He filed for bankruptcy in 2012 and said that he was unable to pay his creditors.

However the bankruptcy court recently concluded that Lindgren has to pay the Rational Group $2.5 million and also pay for charges incurred as a result of breach of contract and unjust enrichment. Lindgren has decided not to speak out on this matter as of now and believes that court will be able to handle it a lot better than he could.

Tim GlocksAuthor

Tim Glocks is a retired professor, he currently contributes to Tim enjoys playing poker and has taken it up as a hobby since his retirement. He has taken part in many online tournaments and has become a veteran in a short space of time. Visit Tim’s google + page here