Vladimir Geshkenbein finishes 62nd in ME and scams his backers

[Daly]

About a month later, four days prior to Day 1C of the Main (July 4), he comes forward and admits he is broke and has chunked off all of the money (both buyins and winnings). This includes both losing and paying prior debts. He says that he will be unable to afford to play the Main.



Timing is everything here. So long as he canceled the stake BEFORE the start of the main event then he is in the clear other then the $10K refund.

If he is playing day 4 and tries to pull this stunt off..... it's a whole different ball of wax.

This is mindblowin to me. He didnt cancel the stake. He stole their money and lost it.

He did cancel the stake. My understanding is he admitted to losing the money 4 days before the start of the ME and that he was going to have to refund the ME portion of the stake. He did steal the money, and he owes the backers for the ME. If he went out and busted on the first hand his backers would/should expect the ME entry money back.