Alex Foxen, one of the best poker players and two-time holder of the “Player of the Year” title, was invited as a defendant in a lawsuit in the amount of $ 500,000. The plaintiff was South African poker player Ronit Chamani, who sued the company, where Alex presented as one of the founders.
Alex Foxen, together with Paul Tyree and Nicholas Gubitoshi, created Quasar Mining Group Inc. According to Chamani, she invested more than $ 200,000 in the company, and in total the project attracted about $ 2,000,000 from 17 interested investors.
In 2019, the project was closed and investors were left without their payments. In a lawsuit, Chamani stated that Tyree and Gubitoshi are guilty of illegally enriching and neglecting them as fiduciary managers. The poker player also claims that they have appropriated large sums in the form of payments, and their office space was a chic apartment in New York.
There is also information in the lawsuit that Quasar Mining Group Inc transferred
$ 100,000 to a law office that did not complete the required work, and that the mining equipment turned out to be “wrong equipment”.
What is Alex Foxen accused of?
The court said that Alex Foxen personally requested funds from Ronit Chamani, relying on close acquaintance with her, as well as his reputation in the poker community. In addition, Alex had to work on the project with Tyree and Gubitoshi. As Ronit Chamani said Mr. Foxen had vouched for the other owners of the company and gave guarantees that he would work on the project with them.
As a professional player, Alex founded several different business schemes with which he worked. His reputation in poker is clear, but if he does not win a case of Quasar Mining Group Inc, it can cost him a lot both in business and at the poker table.