Phil Galfond Suing Bluefirepoker
September 21, 2012
Bluefire Poker, online poker coaching site, is being sued by US poker pro Phil Galfond, who had contributed to the site as a lead instructor until the two parted ways in 2011. His videos being the most popular on the Bluefire Poker site at the time.
Twenty-seven-year-old Galfond is one of the most successful Internet poker players in the history of the industry, profiting more than $7.8 million on Full Tilt and then is currently up nearly $2 million on PokerStars, and is advice on poker is well revered in the poker community, so it was a shock to many when he announced his separation from Bluefire in a post titled, “A Sad Day.” He explained in the post:
“As of today, BluefirePoker.com and I are parting ways. It’s very hard to walk away from something I helped build from the ground up. Please know that it was a very difficult decision that I struggled with for a long, long time. I’m sorry that I can’t elaborate further.”
Now, the reason for the breakup is more apparent as Galfond has announced that he is suing his former partner William F. Murphy, who Galfond alleges did not pay him his rightful part of the profit shares from Bluefirepoker.com.
When the site launched in 2009, Galfond apparently agreed to a joint partnership in which he would be paid up to 38.33% of Bluefire profits in return for video postings, blogging, and assisting the overall operations of the company by offering input on major decisions of the company. Galfond has revealed that he was paid $179K for 2009 and more than $238K for 2010 by Murphy, but has yet to be paid for last year. Furthermore, Galfond claims that he was not even shown any accounting history or tax returns to verify the amounts he was paid.
Galfond’s claim states:
“Blue Fire has been immensely successful, having thousands of members who pay an initial enrollment fee of $100 in addition to a subscription fee of $30 per month. Upon information and belief, the defendant Murphy has misappropriated and converted to his own use and possession the assets of MGH.”