Cereus Poker

The new network formed by UltimateBet and AbsolutePoker after they were both caught in a massive cheating scandal. These companies were "sister companies" owned by the same parent corporation. This entire group of companies was later found to be virtually bankrupt when the US Department of Justice seized their websites and bank accounts in a sting operation that came to be known in the poker community as "Black Friday" It was discovered that AP and UB had only approximately 5% of player balances in cash at the time of the seizures.