[at-fates-hands]

>>> A Poker Site didn't make any claims of guaranteed returns on your 'investment.'

This is irrelevant. They didn't need to make any guarantees on investment, they just needed more players. Just because they didn't need to bait people to play doesn't mean it wasn't a Ponzi scheme.

What defines a Ponzi Scheme is this:

http://en.wikipedia.org/wiki/Ponzi_scheme

"A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from existing capital or new capital paid by new investors, rather than from profit earned by the individual or organization running the operation"

Which is exactly what FTP was doing.