DoylesRoom Man Subpoenaed In Online Poker SEC Query

Last year the Securities and Exchange Commission began investigating the legendary poker pro Doyle Brunson, after the septuagenarian made a huge bid for the World Poker Tours parent company, WPTE, Inc, a bid that was not solicited by the folks at the World Poker Tour. The bid was for around twice what the company was worth, based on the market value of the WPTE shares at the time. Twice now the SEC has subpoenaed the man thought to run doylesroom.com, the online site of the poker pro, Wallace Nakano.

Nakano has yet to follow the subpoenas as he claims they were not properly served to him…

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Poker lexicon:

FIFTH STREET - In stud poker, the fifth card to be dealt to each player. Sometimes used to refer to the last card dealt in Hold'em, although the more common term for this is RIVER (q.v.).
CHECK RAISE - To check initially, then raise a bet made later on in the same betting round. Frequently a sign of strength, but may be a bluff.
BUTTON CHARGE - A periodic fee paid by whoever is the button, perhaps every 20 minutes or 30 minutes. Constitutes part or all of the HOUSE CUT.
DOYLE BRUNSON - In Hold'em, 10-2 in the hole. So named because Doyle Brunson won two straight WSOPs (q.v.) in 1975 and 1976 with 10-2 on the last hand. (Suited (spades) in 1975, unsuited in 1976).
MIDDLE POSITION - Betting positions approximately halfway around the table from the first player to act.
SIXTH STREET - The sixth card dealt in 7-card stud.

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