Full Tilt Poker Takes The Poker World By Storm. The poker boom started during the early 2000s, before things really took off in 2003 after the legendary WSOP Main Event win by Chris Moneymaker. The writing was on the wall, and those in the know saw a huge business potential in the game. Chris Ferguson, already an established. Chris Ferguson Offers Short Apology After Seven Years of Silence May 23, 2018 Frank Op de Woerd 106 Seven years ago, April 2011, Black Friday shook the poker world with poker's big three.

Chris Ferguson, known at the poker tables as “Jesus” because of his long
brown hair and full beard, has a very interesting poker career under his belt.
He shined in the early 2000s, especially when it came to his performance at the
WSOP. Then, a scandal involving Full Tilt Poker would leave him missing from the
live tournament scene for nearly half a decade. Now, he is back full force and
ready to take on any competitor that stands in his way.

For more information on Chris Ferguson’s professional poker career and for
more details on his involvement in the Full Tilt Poker scandal, please feel free
to read through this elaborate biography.

Early Years

Chris Ferguson was born on April 11th, 1963, in Los Angeles, California. From
an early age, the importance of a good education was instilled in him. Even
while in grade school, he would spend the majority of his free time studying or
reading. Every once in a while, he would be able to take a break from that and
play a round of poker with his father. His father, who taught game theory at
UCLA at the time, helped Ferguson develop his own winning strategies for the
game. It wasn’t long before the teacher became the student, though, as
Ferguson’s skills quickly surpassed his father’s.

Ferguson’s excellent grades in high school were bound to get him into any
school he wanted. Since both of his parents had doctoral degrees in mathematics
from UCLA, it was expected that Ferguson would do the same. He took a slightly
different path, though, choosing to go to UCLA to pursue a doctoral degree in
computer science instead. Since that was closely related to mathematics, his
parents were supportive of his decision.

It was while studying at UCLA that Ferguson’s love of poker grew. He would
stay up late playing Texas hold’em online for play money at various chat rooms,
which is how was able to fine-tune his skills. Ferguson and his friends would
also regularly take trips to Las Vegas to play low-limit stud and hold’em games
there. This is when he started wearing his signature wide-brimmed hat and
sunglasses. At the time, it was to make him appear older than he really was.
Now, he believes it helps bring him luck.

Poker Achievements

Ferguson entered his first official poker tournament in 1993, landing a
4th-place finish and a cash prize of $1600. He regularly entered tournaments
after that, with the Masters of Poker Championships and the LA Poker Open being
his favorite ones to participate in. His confidence continued to grow, and in
1995, he was ready to enter one of the most intense poker tournaments in Las
Vegas: the World Series of Poker. After making it to the final table of the
$1500 Seven-Card Razz event that year, Ferguson decided to make playing poker
his profession.

At the turn of the century, in 2000, Ferguson won his first WSOP gold
bracelet in the $2500 Seven-Card Stud event. As if that wasn’t exciting enough,
Ferguson also went on to win the $10,000 No Limit Texas Hold’em World
Championship that year for the grand prize of $1.5 million. In order to win, he
had to take down the legendary T.J. Cloutier, which was no easy feat. It was
such a memorable game, in fact, that it is actually described in the book
Positively 5th Street by award-winning author Jim McManus.

To date, Ferguson has won a total of 6 WSOP gold bracelets, with his most
recent win being in 2017. For more details on each of his wins, please refer to
the table below.

Believe it or not, Ferguson has found success outside of the World Series of
Poker. In 2001, he won the California State Poker Championship, which takes
place in Los Angeles, California, on a yearly basis. That win brought him in a
cool $22,570. He also managed to land a 1st-place finish at NBC’S National
Heads-Up Championship in 2008, which earned him an astonishing $500,000.

Ferguson also enjoys playing on shows like Poker After Dark and The Poker
Lounge. He has won both shows on several different occasions for a grand total
of $360,000 in profits. His most noteworthy performance on Poker After Dark was
in 2009 when he managed to take down his entire table of top competitors. He
beat out Howard Lederer, Phil Ivey, Doyle Brunson, and Daniel Negreanu. Then, he
found himself heads-up against the boisterous Phil Helmuth Jr., who was unable
to call him on his bluff.

In total, Ferguson has accumulated over $8.9 million from live tournaments
alone. That gives him 7th place on California’s All Time Money List and 44th
place on the United States’ All Time Money List.

$10,000 Challenge

Ferguson is a very patient man, and his $10,000 challenge is proof of that.
Starting with $0 in his Full Tilt Poker account, Ferguson challenged himself to
turn that $0 investment into a staggering $10,000. He never spent more than 10
hours per week on this challenge and started off playing in freeroll tournaments
exclusively. Several months into the challenge, he was only up to $6. While many
people would have been discouraged at this point, Ferguson was still hopeful.

He kept a very strict budget, never putting more than 5% of his bankroll at
risk at one time. When it came to tournaments, he had even stricter guidelines,
refusing to pay more than 2% of his bankroll on a tournament entry fee. After
about 9 months into the challenge, he had finally reached $100. It would take 9
more months of persistent play for him to accomplish his goal of $10,000.

Chris Ferguson Racing

This challenge proved how profitable online poker can be, and it helped draw
players to the Full Tilt Poker website. Since then, many other online players
have accepted this challenge and have managed to turn their $0 investments into
$10,000 and sometimes even more.

Full Tilt Poker Scandal

Full Tilt Poker launched in 2004, quickly becoming one of the most popular
online poker sites on the web. Not only did Full Tilt Poker offer just about
every variant of poker, from Texas hold’em to Razz, but they also had a team of
professional poker players involved in the day-to-day operations of the site.
Ferguson, one of Full Tilt Poker’s co-owners, was responsible for developing
much of the site’s software.

There were no complaints centered around Full Tilt Poker until April 15,
2011, the day that would later become known as Black Friday. It was on this day
that the United States’ Department of Justice would cease the domain names of
several poker sites, including Full Tilt Poker, saying they were in violation of
the Unlawful Internet Gambling Enforcement Act.

Players rushed to their online accounts, only to discover that they were
unable to withdraw any of their funds. It became obvious very quickly that Full
Tilt Poker had been a part of a huge Ponzi scheme. The US filed a civil lawsuit
against Chris Ferguson and the other co-owners of Full Tilt Poker: Ray Bitar,
Rafe Furst, and Howard Lederer. They misled players into thinking their funds
were safe and secure while they knowingly took $350 million from various
players’ accounts.

Ferguson reached a settlement with the Department of Justice nearly 2 years
later, in which he agreed to pay back a portion of the funds owed to players. He
refused to apologize for his actions and has lost a lot of respect from the
poker community because of this incident. To avoid tension, Ferguson took a
leave of absence from the live poker scene for 5 years, not making an appearance
until the 2016 WSOP.

Personal Life

Chris Ferguson 22

When Ferguson isn’t playing poker, you will probably find him out dancing. As
the former president of a swing dancing club at UCLA, Ferguson still enjoys
going to dance clubs during his free time. He has a lot of experience under his
belt, having taken classes to learn the waltz, the tango, the foxtrot, and the
mambo in addition to ballroom dancing.

One of his more unique hobbies involves him throwing playing cards at various
fruits and vegetables fast enough to slice them in half. He claims this is his
favorite way to make a fruit salad. Videos of him doing this have been shown in
short segments during ESPN’s broadcast of the World Series of Poker.

Ferguson is currently single. He has had several different girlfriends over
the years, but none of those relationships lasted. He considers himself to be a
lone wolf who doesn’t need to be in a relationship to be happy.

Former Full Tilt Poker owner Chris Ferguson has reached a settlement in his civil case stemming from Black Friday with the federal government, his attorney Tweeted Tuesday.

He had been in hot water for about the past 18 months.

Chris Ferguson reaches #iPoker civil forfeiture settlement with #SDNY and anticipates court approval soon. fb.me/A9yuKh4c

— Ian J. Imrich, Esq.(@ijiLaw) February 19, 2013

Ferguson will hand over an undisclosed amount from an account at Citibank, as well as an additional $2.35 million. The government had been seeking $42 million from Ferguson.

According to court papers, he “contends that he was unaware of any wrongful activity at Full Tilt or that the company had become unable to satisfy its player account liabilities.”

Ferguson, a five-time World Series of Poker bracelet winner and the 2000 main event champion, didn’t admit to any wrongdoing in the settlement.

He has never talked publicly about the case or the allegations.

He was first brought into the mix of the Black Friday scandal in September of 2011, when the Department of Justice called the company a Ponzi scheme.

After the deal, Ray Bitar remains as the only other former owner facing charges. Howard Lederer settled in December of last year, while Rafe Furst reached a deal in November.

While Lederer, Ferguson and Furst are done with their respective civil cases, former American poker players are still waiting for compensation from the government.

Chris Ferguson Liberty

Other components of the Black Friday case are still unfolding within the legal system.