Yevgeniy Timoshenko Settles Lawsuit with Former Roommate

By in Poker on

In the further adventures of poker news of the weird, high stakes poker pro Yevgeniy Timoshenko has agreed to a settlement in a lawsuit filed against former roommate, Frank Gu, over money Gu owed to him. The two lived together for a year, from September 2010 to September 2011, in a New York City apartment. Timoshenko sought $90,000 in damages; the exact terms of the settlement have not been made public.

Timoshenko has had a load of success in live poker tournaments, amassing $7.7 million in earnings. He has one World Poker Tour title and multiple World Series of Poker final table appearances. More than $2.1 million of his winnings were from a victory in the $25,000 buy-in Championship Event of the 2009 Five Star World Poker Classic. It is on the tournament circuit that he befriended Gu, apparently well enough for them to decide to be roomies in New York.

For whatever reason – trust, friendship, I guess – Timoshenko kept loaning Gu money, giving him money for sketchy investments, and entrusting him with cash. Here is a list of payments Timoshenko says Gu owed him, per the lawsuit:

  • Timoshenko bought $50,000 worth of penny stock for Gu
  • $1,800 for due diligence on the penny stock investment
  • Gu took on half the risk on an $80,000 loan Timoshenko made to someone named Craig Crosby. Crosby partially paid off the loan, but Timoshenko sought $13,050 in damages from Gu.
  • $15,484 in unpaid rent and $2,181 in unpaid utilities
  • $1,160 for NBA basketball tickets
  • $10,000 in cash that Timoshenko asked Gu to safeguard

That last one is odd. Timoshenko asked Gu, someone he couldn’t have known all that well, despite being friends, to take care of $10,000 for him. According to the court filing, Timoshenko was going on a trip to London and asked Gu to keep $10,000 in cash safe. Gu said he put the cash in a briefcase and then put that briefcase in a nightstand in Timoshenko’s bedroom.

While Timoshenko was overseas, Gu let a stranger (yes, a stranger) stay in Timoshenko’s room while the money was still sitting in the nightstand. When Timoshenko got back, Gu had no money to give him. I wonder what happened to it. Gu did promise to repay his roommate, but never did.

A trial in the case had been scheduled for September 25th, but the dismissal order does say that either Timoshenko or Gu can apply to have the trial picked up again within 30 days if the terms of their settlement have not been met.

Though the two men were roommates in 2010 and 2011 and the financial dealings took place in that time period, Timoshenko did not actually file his lawsuit until March 2017. One might presume that the time gap was because Timoshenko was trying to get Gu to pay him back for several years. After all, who wants to go through all the legal headaches?

Guest Author

GamblingSites.org is happy to bring you this post courtesy of one of our special guest authors. ...

View all posts by Guest Author
Email the author at: [email protected]