The Full Tilt Poker Scandal is a series of events that occurred in October and November of 2011, in which players at the online poker site Full Tilt were bilked out of millions of dollars by a company known as Black Friday. This company was run by Barry Shulman and his son, Adam Shulman, and used fraudulent methods to induce players to deposit money into their accounts.
The money was then used to buy high-stakes poker chips, which were then cashed out for enormous profits.
The scandal caused Full Tilt Poker to go bankrupt, and led to the arrest of several people, including the Shulmans. Barry Shulman was sentenced to twenty years in prison, while Adam Shulman was sentenced to eight years in prison.
The scandal has been referred to as one of the biggest online poker scams ever perpetrated.
