Full Tilt Poker has had a rough go of it the last five months. Buzzy doesn't need to go back and let everyone in on the details, because if you're reading this post, you're well aware of the problems the former online poker giant is dealing with right now. The company came out with a statement yesterday that contrary to the U.S. Attorney for the Southern District of New York, the poker room is not a "Ponzi scheme."

From Poker News Daily:

“Full Tilt Poker is not a Ponzi Scheme

“On September 19, 2011, the Department of Justice issued a release stating that Full Tilt Poker was ‘A Global Ponzi Scheme.’ While the government has taken issue with the underlying activities of FTP, under any reasonable interpretation, there is no way to characterize the operation of Full Tilt Poker’s virtual online card room as a global Ponzi scheme.

“A ‘Ponzi’ scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi schemes do not involve any legitimate investment, but rather use the new investor funds to pay ‘dividends’ to the initial investors.

“Despite recent events, FTP remains committed to identifying a suitable investor and paying back its players in full.”