Former Full Tilt Poker executive Howard Lederer issued an apology for the events that ended in the poker room failing to have funds available to pay all its players within the wake of 2011’s Black Friday. Lederer, in part, said “I take full responsibility for Full Tilt’s failure to give protection to player deposits leading as much as Black Friday.”

In the wake of its domain being seized by the U.S... Department of Justice in April of 2011, Full Tilt was unable to refund all account balances as a result of a failure to segregate operational and player funds. PokerStars went directly to buy the entire Tilt platform and refund all players. Lederer, the general public face of Full Tilt, settled a civil complaint stemming from Black Friday in 2012. He’s just about stayed out of the poker spotlight ever since, rather than a sequence of interviews he did called the Lederer Files.

Lederer doesn't get into much within the way of information about the events leading as much as Full Tilt having a tremendous shortfall of funds, but endeavors to apologize. Within the wake of Black Friday, Lederer admits that Full Tilt players “trusted the site, they usually trusted me, and that i didn’t live as much as that trust.”

More from the apology:

I take full responsibility for Full Tilt’s failure to offer protection to player deposits leading as much as Black Friday. The shortfall in player deposits shouldn't ever have happened. I must have provided better oversight or made sure that responsible others so long as oversight. I USED TO BE a founder within the company that launched Full Tilt, and that i became the face of the company’s management within the poker community. A lot of our players played at the site because they trusted me.

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