This is the part that describes the ponzi scheme part of things.
Quote:
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The Forbes article explains that Fill Tilt Poker's cash flow problems began in 2010 because of a federal government crackdown on online poker sites that disrupted the payment processing account, preventing Full Tilt from withdrawing money from U.S. players' accounts. U.S. government lawyers claims that Fult Tilt continued to credit players accounts with what amounted to $130 million of 'phantom funds,' a practice that backfired (much like Bernie Madoff's ponzi scheme did) when players won the fake money and could not cash out.
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Even though they couldn't process Americans' deposits, they credited the accounts anyway, putting way more money into play than they actually collected.