Back in June, we reported this story about Nicky Palma.
If you have a poker debt to someone, make sure to pay it off or risk public shame. In the case of Nick Palma, he learned it the hard way after fellow poker pro Tim Reilly bared it all out on Twitter, accusing Palma of refusing to pay off his debts that came from their backing deal.
This is actually a normal thing in the world of poker, the backing part, that is. Investor gives a poker player (with a dubious track record of bankroll management) a significant amount of money so that he can enter tournaments, and then the next thing you know, investor claims he has been scammed.
Tim Reilly from Massachusetts, with over $1.7 million in career live tournament wins, wrote a long story via Twitter on June 3 Sunday about his backing agreement with Nick Palma, who has around $1.3 million live tournament earnings.
His post had 3 phone screenshots, which he elaborately explained the issue via Notes. Reilly began by saying he had backed Palma "buying his action out of compassion" and that Palma himself approached him "as a human and needed help."
Reilly said Palma needed to pay back five figures but it only continued to grow.
He also claimed that Palma was also buying action of other players while also owing money to several other investors, including Reilly. However, Reilly did say that Palma paid him $5,000 but he still owes him a lot more.
Alex Foxen, another poker pro who has made incredible cashes in the earlier part of 2018, quickly commented on Reilly's post by saying he too was a victim of the same stint.
Payback Time plus a Public Apology
A little over a month after the Twitter shamefest, Tim Reilly shared that he was happy last Saturday after getting paid back by Nick Palma.
On the same day, Palma issued a public apology: