Here's my understanding of what happened. If I'm wrong, I'll own up to it.
Boyd started the site. he took deposits from players. At some point, he ran out of working capital and began using the players deposited funds to supplement working capital.
*If* that is true, that is FRAUD regardless of his intent. In fact, a jurist might say that intent follows the money. Nobody deposits money at a poker site with the expectation that it may go to paying operating expenses. The site is welcome to all income they make off depositors money, but they (in an ethical business sense) may not touch the principle.
If that's not how it went down, let me know and I'll rethink it.
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"Animals die, friends die, and I shall die. But the one thing that will never die is the reputation I leave behind."
Old Norse adage
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