Alex Foxen
Alex Foxen has won 0 bracelets and 1 rings for total earnings of $843,330. See all events where they placed in-the-money. Alex Foxen was a surprise winner for GPI Player of the Year, but it came as a surprise to no one that his talented girlfriend Kristen Bicknell again became Female POY. Today's podcast guest is Alex Foxen. Alex is the #1 ranked GPI tournament player in the entire world totaling around $8.5mm in cashes since 2018.
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- »Ronit Chamani Calls Out Alex Foxen in Cryptocurrency Fight
South African poker pro Ronit Chamani named Alex Foxen in a lawsuit filed in US District of Nevada. Chamani filed the lawsuit at the start of the year, but details have only now come to light.
Eventually, Foxen outsmarted Davies. He then had an ace-kicker to the nine of Toby Joyce. Foxen eventually sealed the deal on the blank river. Joyce won handsome figure from the tournament but it was Foxen who had the glory. Here is the final list of the table. Place Player Prize. 1st Alex Foxen $1,694,995. 2nd Toby Joyce $1,120,040.
Chamani is suing Quasar Mining Group, Inc for $500,000. The company dissolved its cryptocurrency mining operation in 2019. Paul Tyree and Nicholas Gubitosi are named directly as former directors. Alex Foxen is labelled in those documents as a director of the Defendant and a founding partner.
Chamani Calls Our Fraudulent Enterprise
A preliminary injunction filed last month revealed details of Foxen’s involvement in the “fraudulent enterprise.” Maurice “Mac” VerStandig, Chamani’s lawyer, said the company duped his client.
“Ms. Chamani was snooker, period. She thought she was investing in a legitimate business; instead, she was bankrolling the portly salaries of two of Quasar’s directors, while one of those same directors repeatedly lies to the SEC about taking such salaries. When the money started to run low, Quasar elected to liquidate.”
Chamani invested $200,000 in Quasar Mining Group. The company promised Chamani monies if it ceased operating. She claimed to have not received a single cent.
“Quasar Mining Group is winding down its affair but is refusing to pay Ms. Chamani the pro-rate monies she is legally due unless she signs a sweepingly broad release forgiving the Defendant and all of its officers and agents for the myriad fraudulent acts that have invited this untimely demise and prompted this litigation,” wrote VanStandig.
Chamani Believes Investors Were Pressured Into Signing the Waiver
The defendant taking almost $275,000 of investors’ money are among the claimed fraudulent acts. The directors declared they wouldn’t take salaries for their roles, but appear to have done so.
Documents reveal Quasar’s directors took $275,000 of the $678,000 invested by several investors.
Chamani believes the directors pressured other investors into signing the aforementioned waiver.
Foxen Reassured Investment Was Legitimate
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Foxen provided rosy updates right up to the company being dissolved claims Chamani. This led her to believe her substantial investment was safe.
The company’s operations would remain at least breakeven so long as Bitcoin remained above $2,000 was one assurance given to Chamani. Bitcoin’s value has stayed way about $2,000 for the duration of Chamani’s investment.
Chamani the Poker Player
Who is Chamani? She is one of the most-talented female poker players in the world. Chamani resides in Johannesburg, South Africa, but spends most of her time playing poker in the United States.
The tournament specialist has accumulated $730,737 to date. This is enough to place her eighth in South Africa’s all-time money listings. Chamani’s largest score weighs in at $152,080. She banked this impressive sum after winning the $2,000 Shooting Stars event at WPT Bay 101 in 2014.
Who Is Alex Foxen?
William Alex Foxen is a phenomenal poker player and the reigning Global Poker Index Player of the Year. Foxen burst onto the live poker scene in 2012 with a victory in a $355 WSOP Circuit event for $22,421. He’s since won more than $16.6 million from poker tournaments.
Foxen won $2,160,000 for a second-place finish in the December 2019 Super High Roller Bowl in Las Vegas. He also took down the $10,400 WPT Five Diamond World Poker Classic in December 2019. This netted Foxen $1,694,995 and locked up the number one GPI ranking.
Only last week, Foxen won a $25,000 buy-in PokerGO High Roller for $249,950. He should have no problem in repaying Chamani.
Is Cryptocurrency Mining a Legitimate Business?
Cryptocurrency mining has the potential to yield massive profits, but it’s not a simple process. Ultra-powerful computers mine Bitcoins. These computers perform extremely complex calculations to produce the cryptocurrency. Mining Bitcoins becomes more difficult as time goes on.
The amount of energy required for Bitcoin mining is astronomical. A report by The Verge estimated global Bitcoin mining operations consume more electricity that Switzerland does each year. Latest figures show Bitcoin miners use 0.21% of the world’s annual electricity supply.
Mining cryptocurrency is legitimate and will continue, it’s just extremely difficult for the man on the street to make significant money from doing so.
For the third consecutive weekend in a row, the Wynn Poker Room in Las Vegas played host a number of $10,000 buy-in no-limit hold’em high roller events. The final three tournaments on the schedule were held from Dec. 17-19, rounding out a 10-event schedule that first kicked off on Dec. 3. World Poker Tour main event winner and high-stakes tournament regular Alex Foxen was the star of the weekend, finishing in the top two spots in all three events held down the stretch of this series. Foxen cashed for $225,000 across the three scores, earning two runner-up finishes and one title along the way.
The first event of the weekend was held on Thursday, Dec. 17. A total of 19 entries were made, creating a $190,000 prize pool to be paid out among the top three finishers. 2018 World Series of Poker main event sixth-place finisher Aram Zobian came out on top in the end, defeating Foxen heads-up to secure the title and the top prize of $102,600. Foxen earned $57,000 as the runner-up finisher, while four-time WPT main event champion Darren Elias was awarded $30,400 as the third-place finisher.
The following day saw 20 entries made in the ninth event of the Wynn High Rollers series, creating a $200,000 prize pool. Christopher Brewer emerged victorious in the end, defeating Foxen heads-up for the win.
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Brewer earned $108,000 as the champion. This was his third cash of the series, having also placed second in the kickoff event for $134,293 back on Dec. 3. Foxen added $60,000 to his totals as the second-place finisher, while WSOP bracelet winner Sam Soverel earned $32,000 for placing third.
The final event of the series also drew 20 entries to build a $200,000 prize pool. Foxen completed his trifecta of top-two finishes by defeating Zobian heads-up, earning $108,000 as the champion. This was his fifth cash of the series, bringing his total to
earnings to $354,500 across all the events held. The 29-year-old poker pro from Huntington, New York now has more than $17.2 million in recorded tournament scores to his name. Zobian cashed for $60,000 as the runner-up finisher, while Sean Winter earned $32,000 for his third-place showing.