IS SEALS WITH CLUBS DONKDOWN??? (Update: Micon charged with a felony in Nevada)

[Forum Wars]

LOL, typical Micon. Dangling the carrot well. But where's the substance? Possibly much will be revealed in #storytime

[Pooh]

Does anyone have that radio show where Micon and Druff were admonishing VWLs because she fucked up and they were her boss...etc? That told me all I needed to know about Micon running a business. Druff too but Druff wasn't nearly as rude or clueless as Micon.

[Tuna]

LOL, typical Micon. Dangling the carrot well. But where's the substance? Possibly much will be revealed in #storytime

They walked away because they didnt want to go to prison or have to hide out on some random island.

Also, they probably realized the run was at an end. Once these big poker sites take on bitcoin, it is game over for Seals or any of its spawns.

Looks as if Micon is programming the new site himself: swcpoker.eu

[Belly Buster]

So the clever side of seals were the ones doing the coding, looking after the money, and keeping their names well away from the spotlight; and then there's Micon, who is pretty much the opposite of all those things.

WTF is Martha doing in this coup? I mean she must surely know how much of a fuck up Micon is at doing / running anything. OK so the kid lucked into a goldmine by getting into BTC early, and then doubling down as the corporate face of SWC with an ownership piece running an illegal poker site.

Why on earth did she not tell him to quit while ahead and just live the easy life from now on - which lets face it is Micon's USP.

[Tuna]

So the clever side of seals were the ones doing the coding, looking after the money, and keeping their names well away from the spotlight; and then there's Micon, who is pretty much the opposite of all those things.

WTF is Martha doing in this coup? I mean she must surely know how much of a fuck up Micon is at doing / running anything. OK so the kid lucked into a goldmine by getting into BTC early, and then doubling down as the corporate face of SWC with an ownership piece running an illegal poker site.

Why on earth did she not tell him to quit while ahead and just live the easy life from now on - which lets face it is Micon's USP.

I would like to see the math... Based on how long seals has been running for, the average player volume and tables, it should be possible to get a ballpark of the income from a site that that.

Everyone is just assuming Micon made a lot of money from it. This may be true. But I think people could be off by a lot. He obviously had partners and expenses.

[FRANKRIZZO]

Would love to know who the other partners were that decided to pull the plug. Did a really good job running the site. Going to be interesting to see how Micon does running the site with his new cronies. As to why Micon didn't quit while he was ahead, I would guess it is because he didn't want to pay taxes on all those bitcoins so the move to antigua is pretty logical. He probably had no other options beckoning him so continuing to run the site unimpeded from offshore was an attractive option.

[Belly Buster]

The road to business success: Micon style

1) Get a nice little business venture going with a small group of partners
2) Build it up to a good size, cash flowing in
3) Runs for a few years, good momentum, loyal following, everyone's happy
4) Worker bees in the background take care of things, don't need to pay them much though
5) Micon's the chairman - no one can get in his way
6) Events take a turn for the worst
7) Fall out with partners
8) I CREATED THIS, DON'T FUCKING FORGET THAT
9) No problem - I can run this show on my own, who needs those other fuckwits anyway
10) Business 2.0 will be up an running in no time, just you watch
11) All my loyal followers will be right behind me ready to jump back on board
12) No, honestly, it's coming and will be bigger and better than before
13) Fuck, there's only me now, I've got to do some work. Fuck. Fuck! Fuck!!
14) Business 2.0 launches 2 years late
15) :tumbleweed

[FRANKRIZZO]

Who was Micon close to that had deep pockets? Obviously someone in the poker world also that helped him put seals together. The legal sites in nj were a disaster. If poker becomes a thing and legalized whoever ran seals should have input into the legalized sites as did so many things right with the seals. Only thing they did wrong was building the site on top of cheap software.

[Pooh]

The road to business success: Micon style

1) Get a nice little business venture going with a small group of partners
2) Build it up to a good size, cash flowing in
3) Runs for a few years, good momentum, loyal following, everyone's happy
4) Worker bees in the background take care of things, don't need to pay them much though
5) Micon's the chairman - no one can get in his way
6) Events take a turn for the worst
7) Fall out with partners
8) I CREATED THIS, DON'T FUCKING FORGET THAT
9) No problem - I can run this show on my own, who needs those other fuckwits anyway
10) Business 2.0 will be up an running in no time, just you watch
11) All my loyal followers will be right behind me ready to jump back on board
12) No, honestly, it's coming and will be bigger and better than before
13) Fuck, there's only me now, I've got to do some work. Fuck. Fuck! Fuck!!
14) Business 2.0 launches 2 years late
15) :tumbleweed

Well he did compare himself to Steve Jobs before.

[Belly Buster]

Who was Micon close to that had deep pockets? Obviously someone in the poker world also that helped him put seals together. The legal sites in nj were a disaster. If poker becomes a thing and legalized whoever ran seals should have input into the legalized sites as did so many things right with the seals. Only thing they did wrong was building the site on top of cheap software.

SWC existed before Micon was involved. He was plugging it on radio to start with so got to know the owners. I don't think just the software was cheap - everything was cheap. Let's face it, the marketing budget was probably stretched with those $200/month ads on DD radio. The mavens software is $500 all in and the API code needed was hardly complex.

[FRANKRIZZO]

Why does every thread in here degenerate into a hu battle vs garret? Awesome derail though. I never knew Micon got to know the owners of seals after the fact. I always thought seals was Micons baby. Nice useful tidbit ty.

[Pooh]

jacosta, you'll have your 10k view thread by tomorrow. Congrats.

[SrslySirius]

Daaaaaaamn.

Served with a search warrant from Nevada Gaming at gunpoint, then lead out my front door in nothing but boxers & handcuffs, then they stole most of my electronics. I was not arrested or charged with any crimes.

[backdoorb]

Holy shit...

[BetCheckBet]

Daaaaaaamn.

Served with a search warrant from Nevada Gaming at gunpoint, then lead out my front door in nothing but boxers & handcuffs, then they stole most of my electronics. I was not arrested or charged with any crimes.

Druff please delete posts from all the guys fagging up thread and get back to the topic. Thanks Srly.

Surprised Micon was allowed to leave country and didn;t have passport seized as he would be considered a major flight risk.

[SrslySirius]

Druff please delete posts from all the guys fagging up thread and get back to the topic. Thanks Srly.

Surprised Micon was allowed to leave country and didn;t have passport seized as he would be considered a major flight risk.

He says he wasn't arrested or charged with anything, so I don't see why they'd impede his travel.

[PLOL]

edit: most of my questions were just answered.

[sonatine]

Honestly j'adore Micon in a lot of ways but his whole line about 'omg police state vs creativity' is just potheaded stupidity and kinda shows that hes basically learned nothing from this experience, which should have been _enormously_ educational.

Im reasonably sure that he continues to not take this seriously and does something unfortunate like fly in for a family funeral and end up getting charged with 7-10 on conspiracy, wire fraud, god knows what.

[garrett]

edit: most of my questions were just answered.

Bryan Micon should be fine, you cant hate a "kid with a dream".

Poker is a very intellectual game, and played even at law schools for charity. I went to Rutgers-Newark and a now pro Alex Rocha friend used to come play. I saw law professors and students playing. Maybe thats different but I understand socio-economically how poker actually could "bridge" barriers. And that really got me interested.

Alex Rocha final tabled the WSOP $2,500 8 Game last summer that Phil Ivey won. No donk.

[sonatine]

Druff please delete posts from all the guys fagging up thread and get back to the topic. Thanks Srly.

Surprised Micon was allowed to leave country and didn;t have passport seized as he would be considered a major flight risk.

He says he wasn't arrested or charged with anything, so I don't see why they'd impede his travel.

There seems to be a weird trend for the last 2-3 years or so where people get busted, get their shit confiscated, do NOT get charged, then suddenly out of the blue they nabbed at an airport or a traffic stop weeks/months later and find out they have federal warrants.