Originally Posted by
cmoney
How did that work? He won and they instantly froze the funds at the cage? I mean he is such a degen i dont he put it in his bank account (if he even has one)
Lindgren owes more than $2 million to some entity named CS RMR LLC, which obtained a default judgment against him. When he won the $193,000 for 7th place in the 2015 Millionaire Maker, CS RMR LLC served a Writ of Garnishment on the RIO in an attempt to collect on its judgment - basically a legal demand that the RIO release the $193,000 to CS RMR LLC rather than to Lindgren. To try and get his hands on the funds, Lindgren then immediately filed for Chapter 11 Bankruptcy in the Las Vegas, NV Bk Court (this was his second bk filing, his first was in San Diego and was dismissed) and asked the Bankruptcy Court to order that the RIO release the funds to him so that he could use the funds "reorganize" and repay part of his debts. Both CS RMR LLC and the IRS (owed over $6 million) opposed Lindgren's efforts to have the funds released and the funds were ultimately ordered to be deposited by the Rio into the Court system. Since the IRS has priority over the judgment creditor, two years later, the Bankruptcy Court ruled in favor of the IRS and all of the winnings were released to the IRS. Lindgren's Ch 11 BK was dismissed last week since it's clear (to me at least) that he only filed to try and get his hands on the funds, which was never going to happen.
A very good summary leading up to the 2015 bankruptcy filing by HH (as usual) can be found here:
http://www.flushdraw.net/news/erick-...cy-protection/
Obviously there's little love for Lindgren but how bad must it be to know that your tournament earnings
for the rest of your life will go to either the IRS, CS RMR LLC, or Pokerstars.
[footnote: imo, he's gotten some really, really bad bankruptcy advice. Twice.]