The Lederer Files: The Backlog and Black Friday September 24 2012 PokerNews Staff 0 In Part 3 of an exclusive interview series with PokerNews.com, Howard Lederer discusses his initial discovery of a nine-figure backlog, and describes where he was when he learned about the Black Friday indictments. Since April 15, 2011, the poker world has waited anxiously to hear from Howard Lederer about the downfall of Full Tilt Poker. That wait is officially over. In Part 3 of this exclusive interview series with PokerNews.com, Lederer discusses his initial discovery of a nine-figure backlog due to transaction issues with payment processors. Lederer claims he and the board members were left in the dark by CEO Ray Bitar about the backlog. "Clearly, things got out of hand and people in Dublin were trying to clean up the mess and not tell the board or the members," Lederer said. According to Lederer, Bitar informed him about the backlog on April 7, just eight days before the Department of Justice shut down the three major poker sites, including Full Tilt Poker, in the U.S. Lederer was in Dublin, preparing to board a flight to Dubai, when Bitar broke the news to him and Chris Ferguson. Lederer said he was shocked and upset upon learning the news, but still boarded his flight to Dubai. "I had no time to wrap my head around it," Lederer said. "I had to fly to the Middle East in the morning. I just couldn't cancel that trip. But I knew that the news Ray had given me was important." The interview timeline then takes us to April 15, 2011. Lederer explains where he was when he found out about the indictments and seizures issued by the Department of Justice, and describes his initial thoughts and concerns about the company's future. Here's Part 3 of The Lederer Files: Stay tuned to PokerNews.com for the release of Part 4 later today. For news, updates, and more follow PokerNews on Twitter and Facebook Disclaimer: The thoughts and opinions expressed in this interview are those of the interviewee and do not necessarily reflect those of PokerNews. Want to read more? Please Sign in or Create account Use your social profile to sign in faster. Or use your username or password below: Login and password are case sensitive Remember me Sign in Forgot your password? Why create an account? Fast, easy and free Access to exclusive content Free money offers* to kickstart your bankroll! Awesome free mobile app Register * Only in applicable territories. Remind me later. Tags Black Friday Chris Ferguson Full Tilt Poker Howard Lederer Ray Bitar Related Players Chris FergusonHoward Lederer What do you think?