Howard Lederer Apologizes for Full Tilt

Former Full Tilt Poker executive Howard Lederer issued an apology for the events that led to the poker site failing to have funds on hand to pay all its players in the wake of 2011’s Black Friday. Lederer, in part, said “I take full responsibility for Full Tilt’s failure to protect player deposits leading up to Black Friday.” In the wake of its domain being seized by the U.S. Department of Justice in April of 2011, Full Tilt was not able to refund all account balances because of a failure to segregate operational and player funds. PokerStars went on to…