Ted Forrest wrote Wynn Las Vegas two checks, one in 2012 and another in 2013, that totaled $215,000. Wynn says his checking account didn’t cover the withdrawals.
The Las Vegas Review-Journal (LVRJ) is reporting that local authorities have now obtained a warrant for Forrest’s arrest. The six-time World Series of Poker (WSOP) bracelet winner said through his lawyer that it’s a civil dispute between the two parties and they should work out their differences in a non-criminal manner.
“We believe this is a long-standing civil dispute,” Forrest’s attorney, Chris Rasmussen, told the LVRJ. “And now that he’s in a dispute with them, they’ve moved to prosecute.”
The case is longstanding indeed, as it dates back four years.
In 2013, Forrest signed a document confessing he owed $270,000 to Wynn Las Vegas. Clark County District Court says the gambler agreed to pay Wynn $170,000, and then deliver 10 monthly payments of $10,000 each.
Wynn says Forrest hasn’t complied with those terms, and that it’s still out $215,000. Forrest’s legal representation says he will ask a judge to revoke the warrant.
Win Some, Wynn Some
Forrest, who has been criticized for being a reckless player at times during his long career, has made plenty of headlines since his first cash in 1991.
He won two WSOP bracelets in less than 16 hours in 1993, the $1,500 Seven-Card Razz and $1,500 Omaha 8 or Better. Forrest also famously battled billionaire and amateur poker player Andy Beal multiple times for extraordinary sums of money.
And most recently, Forrest made news for winning a $2 million weight loss challenge against Mike Matusow, even though Matusow allegedly only paid Forrest $70,500.
According to the Hendon Mob, Forrest has 19 cashes of at least $100,000 including the 2007 World Poker Tour Championship Event in San Jose title that pocketed him $1.1 million. But it’s been 27 months since Forrest’s last six-digit recorded cash.
The Hendon Mob’s owner, net entrepreneur Alexandre Dreyfus, is also being accused of not making good on his financial commitments. German poker player and Global Poker League (GPL) participant Fedor Holz says Dreyfus dragged his feet in repaying money he provided to the wealthy businessman.
Writing on the Two Plus Two forum, Holz says Dreyfus asked him for a $10,000 currency swap in July. Holz agreed, but when he balanced his books in August he noticed Dreyfus never returned the money.
“I think the story . . . is very questionable as a serious entrepreneur and a showing of missing integrity,” Holz explained. “I really do hope that this was a single misstep.”
It was later revealed that German Hendrik Latz had a similar incident with Dreyfus.
Dreyfus responded by saying it was a mistake and has since repaid the money with interest.
“I’ve apologized to them both for having failed in respecting the original repayment deadline as it was intended,” Dreyfus wrote. “I’ve also apologized to them both for the lack of communication and the non-professionalism that was inherent in this on my part.”