The long-time poker pro continues to shine at the ongoing poker tournament series
This first edition of the Poker Masters Online has provided nothing but exciting competition among the best pro players in the world. Things can change easily in just one day of competition; case in point, Pauli Ayras is no longer leading the purple jacket leaderboard. Alex Foxen did not win any events during yesterday’s session, but he did make it to the final table, collecting enough points to put him in second place of the race. Event #21 had Dan Smith as the winner, and Sebastian Lewin took the title at Event #22.
Foxen had a great run, finishing fourth in the $25,500 buy-in, $1 Million GTD (NLH 8-max) event for which he collected a $141,750 prize. Event #22, the $10,300 buy-in with $500K GTD (NLH, 6-Max), had Foxen finish in second place and taking another $150,150 in cash.
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The $25,000 buy-in event registered 63 entries for a total prize pool of $1.575 million, $511,875 of which was for the first-place winner. The final heads-up of this event had Smith battling Artur Martirosian and the latter finished second to take home $346,500 and a bonus – he collected 208 points in the Championship Leaderboard race for a total of 798, which launched him straight to the first place with only eight events left.
The Global Poker Index Player of the Year race was a tight one, but Alex Foxen has managed to snatch the title for himself after a year of very hard work and plenty of successful results. He is the first player to ever win the title two years in a row, which is another impressive achievement for him to tuck under his belt. Alex Foxen and Jake Daniels Win 2020 LA Poker Classic High Roller Events. Kahle Burns Wins 2020 Aussie Millions $100,000 AUD Super High Roller. Total life earnings: $17,260,305. Latest cash: $88,400 on 28-Jan-2021. Click here to see the details of William Alex Foxen's 171 cashes.
The second event of the day saw Lewin win $240,860.62. This was the first cash out he had during the Poker Masters Online after the final heads-up found him up against Foxen, who ended up in second place. Third place was for Alexandros Kolonias, who took home $92,400.
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America's biggest poker site. Since 2001, ACR has broken industry records, including the Guinness World Record for the largest cryptocurrency jackpot in an online poker tournament.
Two-time Global Poker Index (GPI) Player of the Year Alex Foxen is currently facing a legal battle arising from his dealings with the Quasar Mining Group, Inc, a cryptocurrency mining firm which was dissolved last year.
In January 2020, a lawsuit was filed with the US District Court of Nevada by South African poker pro Ronit Chamani who claimed Quasar Mining Group lured her to believe she was putting her money in a legitimate business, only to find out that the company was actually a “fraudulent” enterprise. The lawsuit identifies Foxen as director and founding partner of the firm.
Chamani said the directors of the company in question were receiving fat salaries but one of them did not truthfully declare the figures to the Securities and Exchange Commission (SEC).
On February 24, Chamani filed a motion for preliminary injunction against the company not to release their funds while the lawsuit is still pending.
Chamani invested $200,000 in the company’s cryptocurrency mining venture. Quasar initially promised that she would receive pro-rota monies if the company stopped its operations, however when it finally entered liquidation, Chamani received nothing. The motion claims Quasar was forcing the complainant to sign a waiver, forgiving the defendant and all the personnel involved for their fraudulent scheme.
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The defendants allegedly took almost $275,000 of investor money, amounting to more than $678,000, the bulk of which only went to the directors’ pockets, via huge payouts and other payroll-related benefits, which they did not disclose in their SEC declaration. Chamani believes the other investors were also forced to sign the release. Chamani is now seeking to freeze Quasar Mining Group’s funds.
Foxen Gave “False Assurances”
Foxen has been accused of enticing Chamani to invest back in 2017, on false promises. The poker pro allegedly also approached others in the poker community, convincing them to invest in the business. Chamani claims Foxen used the majority of the capital to bankroll the salaries of the company’s directors, repeatedly lying to SEC about the actual figures.
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Before dissolving in 2019, Chamani claimed Foxen had been giving him optimistic updates about the future of the company, saying it would still survive, as long as Bitcoin‘s value stayed beyond $2,000. This led Chamani to believe that her investment was secure. She had no idea that the company would later liquidate.
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A ruling on the injunction could be released between now and April.