Chino Rheem On EPL Probation Over Poker DebtsAugust 22, 2011 6:33 am
The Epic Poker League got off to a shaky start this month after their inaugural champion turned out to be a player mired in controversy related to outstanding poker debts.
David “Chino” Rheem won the tournament for a cool $1 million, thus taking his career earnings to an impressive $5,370,875.
Nonetheless, much of the competition’s limelight was stolen by a slew of players coming forward to claim Rheem owed them money, including Will “molswi47” Molson, Tom “durrrr” Dwan, Ben Lamb, and Joseph Cheong.
The EPL were understandably concerned that Rheem’s conduct could hurt the league’s image, especially with a bunch of players then lining up to be paid after Rheem took down the $1 million prize. However, it is believed the US pro may have received as little as $100k from his winnings after backers were paid, thus leaving little funds to repay his creditors.
As a result, Rheem didn’t have enough money to pay back everyone and instead he reportedly paid back Ben Lamb with other players apparently receiving between 10-20% of the amount they were owed.
Consequently, Rheem was deemed to be in violation of the EPL Code of Conduct, with the organisation then officially putting the pro on probation until his debts are honoured. Extracts from the EPL statement make it clear that Rheem should now:
“[repay] his pre-league formation financial obligations” and “must continue to proactively repay his outstanding debts by, from this point forward, using any and all proceeds Mr. Rheem personally receives from personal poker winnings worldwide.”
While acknowledging David “Chino” Rheem used his EPL winnings to partially repay his debts, the organisation also warned him that any new violation of their rules would result in “an immediate suspension.”