On Saturday, September 3, eminent poker players Hendrik "ValueH" Lutz and Fedor "CrownUpGuy" Holtz released statements that Global Poker League head Alex Dreyfus had been delaying payment of two separate money transactions for nearly three months. The accusations were confirmed and the head of The Hendon Mob and Global Poker Index apologized two hours later.
In a post of apology, Dreyfus stated that he and the GPL "had a tough summer and a lot of things didn't work out as planned." Dreyfus is currently the CEO of the Global Poker Index (live tournament rankings), The Hendon Mob (live tournament results database), European Poker Awards and American Poker Awards. The Global Poker League, which had a disappointing first season, is also led by the world's most famous poker entrepreneur. The 38-year-old Winamax founder is best known for "sporting" poker through the GPL and The Cube demo arena. His goal was to transform the Global Poker League into a premier league, create a virtual circuit tour in the spirit of the UFC, PGA, MLB and so on.
About three months ago, Dreyfus reached out to high-stakes poker player Hendrik Latz and struck a $ 20,000 deal with a famous German player in exchange for the equivalent amount of a wire transfer in euros, which will be sent on the same day. Lutz personally donated the money to Dreyfus in Las Vegas and continued his summer poker game without thinking about it. However, five weeks later, Lutz and his poker colleague BBVisbadforme discovered through internal accounting that the wire transfer had never been received. They reached out to Dreyfus, who explained that the GPL was “struggling to stay afloat” and that he would not be able to close the deal until late August. He offered to pay interest along with the original amount.
After discussing the most appropriate course of action with his peers, Lutz learned that a similar scenario unfolds with the winner of the $ 20 million live tournament, Fedor "CrownUpGuy" Holtz, who was recruited by Dreyfus in the $ 10,000 deal on June 3rd. Holtz completed the transfer with Dreyfus and received a message that the CEO of Mediarex Sports & Entertainment would send an equivalent amount "next week." Nearly two months later, Holtz received an unexpected notification from Dreyfus apologizing for the lack of payment, which Holtz assumed had already been made. Dreyfus also asked for an adjournment, then on August 27, two professionals found out about their situation and put additional pressure on the debtor, demanding immediate payment.
Development of history: publication in the media
By agreeing to send the funds on August 31, Dreyfus transferred the separate payments in full (along with the 5% share) to Holz and Latz, but on Thursday September 1 received notice that this story would be published on TwoPlusTwo NVG.
Shortly after Lutz posted a correspondence informing the community that Dreyfus was late in payment for the announced deal, Doug Polk and Ryan Fee took direct questions to Dreyfus in the official 2 + 2 comment thread. As of Saturday afternoon PST, the two questions are and remained unanswered by Dreyfus, who stated that he "does not intend to publicly add any comments on this matter", except for his only answer and that "the question is settled" in his opinion.
The Upswing team's favorite companion, Jason Moe, also took part in the discussion, suggesting that Dreyfus may have received preferred personal loan rates from the 2015 Seoul APPT winner, as opposed to the 5% paid under the announced trade agreement. Surprisingly, Mason Malmouth, owner of TwoPlusTwo Publishing, confirmed that Dreyfus had previously been interested in buying TwoPlusTwo, a separate entity from the publishing business.
Serious questions appear in the TwoPlusTwo discussion, but Dreyfus should be given ample time to address their concerns as they arise. It had only been a few hours since the thread was posted when this article was posted on Saturday afternoon PST. With this in mind, the purpose of this article is to inform our readers about the current event quickly and concisely, in the spirit of open communication expressed by Hendrik Lutz, Fedor Holtz and B. B. Wiesbadform.