Jailed Jepsen Stakes Claim As Online Poker’s Biggest Fraudster

Jailed Jepsen Stakes Claim As Online Poker’s Biggest Fraudster

Three accomplices gave evidence against Jepsen, a former Danish military police officer

The poker world had seemingly forgotten Danish Peter Jepsen and allegations of him defrauding rival, high-stakes online poker players, courtesy of the installation of trojan horse viruses on to their laptops.

But, following a five-year investigation and legal case, he was recently convicted, earning himself a four-year jail sentence and a €3.5million fine.

The 37-year-old, who had a 2009 sponsorship deal with Ladbrokes terminated after just one month, due to him manipulating their currency conversion system, went on to represent Betfair, but behind closed doors he was fleecing high-rollers courtesy of his virus, which allowed him to view their hole cards.

At trial, three accomplices gave evidence against Jepsen, confirming they were responsible for accessing the hotel rooms of poker players at major poker festivals and installing the trojan horse on to their laptops.

It was clearly a massively successful tool as Jepsen’s 'winnings’, over the six-year period (2008-2014) when he was believed to be defrauding rivals, has been estimated to be in excess of €4million.

In 2008, a $499,000 pot, the biggest ever online cash haul at the time, was ‘won’ by Jepsen at the expense of American Tom ‘durrrr’ Dwan, who may now be able to stake a claim against the €3.5million the court has fined Jepsen - a former officer in the Danish military police, by the way.

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MILLIONSOnline Surpasses $20million

Against many people’s predictions, Partypoker exceeded its $20million guarantee for its MILLIONS Online tournament, which concluded this week. This year was the third edition of this competition and the second with an eight-figure guarantee.

But this year’s MILLIONS Online came with an entry fee, which had been doubled from $5,300 to $10,300. It meant 2,000 entries were needed to cover the guarantee, so after four Day 1 flights Partypoker executives will have been pleased to see the final entry figure had reach 2,109 entries, a field achieving a prize-pool in excess of $21 million a gross profit of $632,700 in registration fees.

The winner was Frenchman Benjamin ‘frenchsniperrr’ Chalot,  who won $  2,259,113 after a heads-up deal with “Lucio” who banked $2,222,511 for three days of effort. The biggest story outside of these two two-millionaires has to be the effort of John ‘John_Duthie’ Duthie , whose account balance was bolstered by $869,962 for finishing fifth.

The winner of the inaugural Poker Million played on the Isle of Man in 2000, and later founder of the European Poker Tour Duthie, who now acts as Partypoker Live president, enjoyed a comeback from 3.7 big-blinds at the final table to ladder up the prize-money table.

Coral Poker Switch?

Coral Poker sneezed too quickly when recently advising their players they were leaving the iPoker network and joining the much bigger Partypoker network.

The move caught many unawares, and the notice given to Coral players was exceptionally short. However, the big move day, scheduled for December 4, came and went with no sign of the requisite software update.

Almost a week later Coral’s parent company,  GVC Holdings, confirmed that the big migration has been shelved until late December.

Stars Seeking Historic Sunday Entry

Partypoker may have needed 2,000 entries to reach their guarantee but this Sunday Pokerstars require a whopping 20,000 entries to reach their $1 million guarantee for their showcase Sunday Million. That’s because the operator, who halved the entry fee of this tournament to $109 earlier in the year, are making it a $54.50 competition ($4.50 registration fee) for this weekend as part of a ‘Half Price Sunday’ promotion.

Consequently the forthcoming Sunday Million will be the most affordable Sunday Million since its inception 13-years ago and if it does reach its guarantee it will boast its biggest ever field size.

WSOP 2020 dates announced

World Series of Poker organisers have announced the dates for the 2020 edition of the Las Vegas tournament series. The first bracelet events will start on  Wednesday, May 27, 2020 and the opening weekend signature event will be the $500 buy-in, 50,000 starting chip, 50-minute levels record-setting  BIG 50 No Limit Hold-em.

 Its starting flights are scheduled for  Thursday, May 28,  Friday May 2 9, Saturday May 30  and  Sunday May 31, and the curtains will come down on the 2020 series on July 15.

“We can’t wait to open our doors for the 2020 World Series of Poker,” said WSOP Executive Director Ty Stewart on Wednesday.  “Summer can’t come fast enough and we look forward to welcoming poker players from all over the globe back to the Rio in Las Vegas to award gold bracelets and hundreds of millions of dollars.” 

The $10,000 buy-in Main Event Championship will have three starting flights, on July 1,  July 2  and July 3.  Players who compete on July 1 or 2, will return on  July 4  to play their Day 2 if they survive their opening flight with chips. 

Those that begin on July 3, have July 4 off and return for their Day 2 on  Sunday, July 5.  Fields will combine for the first time on  Monday, July 6  for  Day 3 of play. The tournament will continue until July 10 when the final table is expected to be reached.  An off day is planned for  July 11, with the Main Event final table televised on  ESPN between  July 12 and July 14.

The only other tournament WSOP organisers have released details of is the Seniors No-Limit Hold’em Championship.  It will once again be a $1,000 buy-in, single re-entry tournament taking place  between June 18 and June 21. Entry is restricted to players aged 50 and above.