"Jungleman", Trincher File Objection To Borgata's Seizing of Ivey's Cash
Published on September 11th, 2019 3:23 am EST![The web of money gets more complicated in the Phil Ivey - Borgata law suit.](https://www.poker-king.com/images/articles/collection-hurdles-dollar.jpg)
According to Flushdraw.net (link below), Daniel "Jungleman" Cates and Illya Trincher have filed an objection to the Borgata's seizing of Phil Ivey's World Series of Poker winnings.
The Borgata has a judgment of over $10 million filed against Ivey, and they crossed state lines to pursue him and his assets in Nevada. When Ivey made the money in the $50,000 Poker Players Championship at the 2019 World Series of Poker, lawyers for the Borgata pounced. Ivey placed 8th in the event for $124,410, where his winnings were promptly seized.
Earlier this week, Cates and Trincher filed an objection.
The objection stated that Ivey had entered into a staking deal with Cates and Trincher. Per the terms of the deal, Ivey would receive his $50,000 buy-in for the PPC, and in return would split any profits (after the $50,000 was returned) down the middle.
Cates and Trincher claim that they have a legal and binding staking agreement with Ivey, and that they are entitled to:
1. Their $50,000 buy-in back
2. Their cut of the profits ($37,205)
Ivey, Cates and Trincher all agree that there was a staking deal in place.
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Cates and Trincher are looking for $87,205, which is what they claim they are owed as a result of Ivey's 8th place cash.
The Borgata, though they haven't yet filed a response to the objection, will almost certainly think differently, as they are desperately trying to collect Ivey's very large judgment.
Source: Flushdraw.net - Daniel Cates, Illya Trincher File Objection in Phil Ivey WSOP Garnishment
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Filed Under: Poker Legal Issues