FTP's Financial Relationship with Two Pros by NoahSD
Firstly, taking out loans from a entity you work for isn't that uncommon. Taking a loan for the amounts seen here is absolutely unheard of. The fact that Ray Bitar signed off these amounts is disgusting and telling to just how deep a hole FTP has dug.
Secondly, how many pros used FTP to pad their bankrolls or fund other habits? If Benyamine and Ivey, 'well respected pros' were known in the organization to do it, who else decided this shadey accounting practice was fine to exploit. I first off thought that the 14 FTP pros were just walking billboards. But now knowing they could have possibly contributed to the financial demise and actively participated in shadey loans is a huge reputation blunder.
Thirdly, sigh... FTP should make a statement about this to explain themselves but probably won't. Anyway, read through. It made me wanna throw up...
EDIT: I've screenshot the article if for ease of reader preference. But please click the Subject Poker link so they get the traffic well deserved.