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Molly's Game Uncensored: Mob Threats, FBI Raid & 100M Pots... And Still Won

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Molly's Game Uncensored: Mob Threats, FBI Raid & 100M Pots... And Still Won

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1118 segments

0:00

Hey everybody, the besties are taking

0:02

Thanksgiving off. But hey, we didn't

0:05

forget about you. We banked a couple of

0:07

great content segments while we were in

0:09

Vegas. First, here's an interview with

0:12

Molly Bloom. You know, she ran the

0:14

legendary highstakes game in LA in New

0:16

York. I was invited to the LA one. We'll

0:18

get into that. And her story was turned

0:21

into the feature film and book Molly's

0:23

Game. We have a great conversation, tons

0:26

of insider stories, who imploded in her

0:28

LA game, the best celebrity poker

0:31

players, getting shaken down by the mob,

0:33

how she got an Aaron Sorcin meeting, and

0:36

much, much more. Big thank you to our

0:39

friends at Oracle for partnering with us

0:42

on this amazing VIP lunch we did in

0:44

Vegas at the Venetian. What a great

0:47

hotel. Also, make sure you head over to

0:49

our YouTube channel. A YouTube exclusive

0:52

for the first ever bestie poker freeze

0:55

out game. Who's going to win? Chbahhat

0:57

Freebert, me, or some of the world's

1:00

greatest poker players, Alan Keading and

1:02

Jason [ __ ] Also, Phil Helmouth. He he

1:04

wound up there as well somehow. So,

1:06

happy Thanksgiving. We love you and uh

1:10

be safe and we'll see you all next week

1:12

for a regular episode.

1:14

>> Listen, we have a guest.

1:15

>> We do have a guest. Um, she's an

1:17

entrepreneur, bestselling author, one of

1:19

Fortune magazine's most powerful women.

1:21

I didn't know that.

1:22

>> Oh.

1:22

>> Um, Molly Bloom ran the world's most

1:24

exclusive poker game. You probably know

1:26

her from, uh, the movie Molly's Game,

1:30

which we'll hear a little bit about

1:31

today. But Molly's also, I think, got an

1:33

amazing sense of what made her

1:36

successful and the journey she's been

1:37

through, I think, is a really

1:38

interesting one to learn from. So,

1:39

please join me in welcoming Molly.

1:44

Thank you.

1:46

All right. Nice to see you, Molly.

1:48

Molly, what was the origin of the game?

1:51

We know some of our friends played in

1:54

it. Uh,

1:55

>> well, hold on a second. Jason, you

1:57

claimed on our show, let me just read

1:59

the notes.

1:59

>> The notes?

2:00

>> Um, yeah, there are notes here. What did

2:02

I say? Apparently, where's the thing

2:03

that Jason said?

2:04

>> We were on the show and Jason said he

2:07

played in the game all the time and

2:09

>> No, no, no, no. I was invited to the

2:11

game.

2:12

>> No, you did not say that. Lisa, please

2:14

pull the tape

2:15

>> and when you're ready, just raise your

2:16

hand and let me know exactly what Jason

2:18

said. And then Molly responded on

2:20

Twitter that you did not play in my

2:22

game.

2:24

>> Okay,

2:25

>> let's be clear. Molly, did you invite me

2:27

to the game?

2:29

>> I don't remember inviting you to the

2:30

game,

2:32

>> but here's the here's the deal. So,

2:33

there were two versions of the game.

2:35

There was the version where I was

2:37

working for someone who would send me a

2:38

list.

2:39

>> Got it. And I'm sure that you were

2:40

probably on that list when I

2:42

>> Jeffrey Epstein's list,

2:42

>> right? He was young.

2:44

>> Absolutely.

2:46

>> Okay.

2:47

>> But when it was my game, you know,

2:49

>> I just remember the Four Seasons.

2:52

Was that your game or Okay. So, it was

2:54

the Four Seasons. I remember you invited

2:55

me and you said Toby's going to be

2:57

there, Leo's going to be there,

2:58

whatever. And uh they'd love to see you.

3:00

And I said

3:01

>> they would love to see me lose $50,000.

3:03

There's no way I'm going to this game

3:04

cuz I was playing in a 510 game. But you

3:07

were working for somebody at the Viper

3:09

Room. The game started. You then took it

3:11

over and it very quickly became a big

3:13

game. Famously Toby Magguire, friend of

3:16

uh ours we play poker with sometimes was

3:18

part of this. Um and then you decided uh

3:22

to move it to New York. Just let

3:24

everybody know like how this all got

3:25

started for you and when you took over

3:27

the game.

3:28

>> Okay. So I was uh in college game for

3:32

the US ski team. had a accident and

3:36

retired and kind of didn't know who I

3:39

was because sports were my identity.

3:42

Went to LA simply because I wanted to be

3:43

warm. I'd been cold since I was 2 years

3:46

old. And ended up working for this guy.

3:49

Uh he had a real estate development

3:50

company and he said, "Tomorrow night, I

3:53

need to serve drinks at my poker my

3:54

poker game."

3:55

>> Okay. And so I show up to this poker

3:59

game and it, you know, it's A-list

4:01

celebrities like you've mentioned, but

4:03

also the head of one of the biggest

4:05

investment banks, a politician who was a

4:07

household name, uh, somebody from the

4:08

tech world, and I get to be a fly on the

4:11

wall in this incredibly compelling room,

4:15

and also, you know, I'm in my I'm 23

4:18

years old. This is access to

4:20

information, to capital, to power. And

4:22

then at the end of the night, uh, they

4:24

were tipping me in chips and someone

4:26

counted out $4,000 in cash and I was

4:29

like, "Okay, I don't know what's up with

4:30

this chip token economy, but I think I

4:33

might want in."

4:34

>> And over the next eight months, um, I

4:38

started to learn the to speak the

4:40

language of poker, but really what I was

4:43

focused on is how do I forge alliances?

4:47

because I knew that I would say about 3

4:50

months in, I knew I didn't want to just

4:51

serve drinks. I knew I wanted to have my

4:52

own games. This was an incredible

4:54

opportunity. I mean, it really was a

4:56

Trojan horse. You could use it to

4:58

infiltrate any subset of society. Um,

5:01

and I was learning about the world from

5:02

some of the people who were active

5:05

actively involved in in shaping culture.

5:07

So, it was a fascinating uh interesting

5:11

time and and it was also very lucrative.

5:14

And so, um, I decided to start my own

5:17

games and I had eight months of notes of

5:20

what I would do differently. And I think

5:23

because I wasn't a poker player, there

5:25

was an advantage because I was able to

5:27

zoom out and see this isn't just about

5:29

poker. This is about community. It's

5:31

about storytelling. It's about um

5:33

belonging to something and it's about

5:35

escapism and fantasy. And so I really

5:38

started to build on those topics and and

5:41

those, you know, I wanted everyone to

5:44

come into this room and from the second

5:45

they walked into this room feel like

5:47

they were in Monaco or in a James Bond

5:49

movie. And and so when I started the

5:52

game 8 months later,

5:55

you know, I was 24 years old. I didn't

5:57

think these people who are rich and

5:58

famous and were going to come, let alone

6:00

make it their their home game. And so I

6:03

would say that started the about 4 and a

6:06

half five year tenure of the LA game.

6:10

>> And when we started out when I was

6:12

serving drinks, it was a $10,000 buyin.

6:15

I raised it to a 50,000 buyin.

6:19

>> And um

6:20

>> yeah, that's the number I remember. And

6:21

I was like, "Wow, those are high

6:23

stakes." Cuz at the time, even in LA,

6:25

people were not playing in those states.

6:27

And you really elevated the game.

6:29

Somehow the mob got involved and the

6:32

game moved to New York. Fast forward to

6:34

this because this got pretty dark pretty

6:36

quick.

6:37

>> It did. Um, so I lost the game in LA.

6:39

>> How do you lose the game in LA?

6:42

>> Well,

6:43

one of the players who was making 10x

6:48

what he was making in the poker game

6:50

became very obsessed with this game and

6:53

wanted to talk about it all the time.

6:54

wanted to and then sort of to want to

6:58

kind of do things that felt wrong.

7:01

>> Okay.

7:02

>> Okay.

7:02

>> Like maybe uh target certain weak

7:05

players, maybe uh get some of your tip

7:08

money,

7:08

>> like actively cheat the game.

7:10

>> Yeah. Um

7:11

>> angle shoot the game.

7:12

>> Angle shoot. And and also was

7:15

complaining that I made too much money.

7:17

>> Got it.

7:18

>> Um and basically gave me this offer.

7:20

I'll pay you a salary and you can work

7:22

from you. You can be the figurehead.

7:23

Uh-huh.

7:24

>> Um, and I really wanted to keep the

7:26

game. I was making millions of dollars

7:28

legally. I was paying my taxes. I was,

7:30

you know, like I had mentioned, it was

7:32

incredibly exciting and and educational.

7:35

Um, but I I didn't want to be under I

7:39

didn't want to work for him.

7:40

>> Right. There's a power imbalance because

7:42

this person theoretically might have

7:43

been famous,

7:45

>> and the players might follow them if

7:47

they boxed you out.

7:48

>> Yeah. He he said uh turns out they want

7:50

to play at a movie star house. Uh,

7:52

>> they wanted to what?

7:53

>> Play at a movie star's house.

7:55

>> Got it. And is it well known who that

7:57

person is?

7:58

>> It's well speculated.

7:59

>> She never says

8:00

>> who they speculated. JKL

8:01

>> Toby Magguire.

8:02

>> Uhhuh.

8:03

>> And he the uh concept also was uh there

8:06

was this device called a shuffle master

8:08

which was in the first iteration. It

8:10

makes the game go much faster. And three

8:12

people, myself, Toby, and another person

8:14

had a shuffle master in Los Angeles

8:16

because you could buy them

8:18

>> from somebody in Vegas theoretically,

8:20

but they weren't available. And Chimat

8:22

remembers because he got an early one

8:23

and I used to bring mine to Chimat's

8:24

game. He'd say, "Hey, can you bring the

8:26

the shuffle master?" He also angles shot

8:27

you and wanted you to rent a shufflem.

8:30

>> I'll never forget going to his house.

8:32

>> No, he Toby. Not me.

8:33

>> Not you. Not you.

8:34

>> Um, yeah. I I'll never forget. So, he he

8:37

was right.

8:38

>> Renting out a shuffle master.

8:40

>> I mean, he had a tough couple years. You

8:42

said it was a pretty big downdraft.

8:45

>> So, shuffle masters cost 17,000 at the

8:47

time.

8:47

>> Yeah. Um, and he was right that we

8:50

needed one. Uh, and so he said, "Well,

8:54

how about we'll use mine? Just come up

8:55

to my house and get it, right?" So, go

8:57

to his house and get it. And then I

8:59

brought it back and he said, "Um, I'm

9:01

going to need $200 for this." I'm like,

9:04

"You're you're kidding, right?" Like,

9:06

I'm sitting there looking at his

9:07

mansion, you know, 200 a shot. I mean,

9:09

and about 5 months in, I'm like, "We

9:12

need to buy our own shuffle master,

9:14

>> right?" Yeah. They they can be obtained.

9:16

So, you get the game taken away from

9:17

you. The game moves to New York.

9:19

>> Sorry. So, Toby Toby takes the game away

9:21

and you're like,

9:21

>> "Somebody takes game away, right?" And

9:24

so, you're like, "I'm moving to New York

9:25

and restarting the game there."

9:27

>> Well,

9:29

I was really pissed and I, you know, and

9:32

I

9:33

>> it was 2008,

9:35

so yeah, I was like, I'm going to build

9:37

the biggest poker game in the world. Can

9:39

we can we talk like can you just talk a

9:40

little bit about how you did that

9:42

>> with respect to salesmanship and

9:44

building confidence to grow that game?

9:47

Like you you moved to a new city,

9:48

>> you don't know anyone. How do you

9:50

convince them

9:51

>> and maybe talk a little bit about what

9:53

you learned early on about sales and

9:56

earning people's trust and how you got

9:57

that to happen?

9:58

>> Yeah. So what I focused on

10:03

much much earlier than uh you know

10:07

eventually I realized that if you're if

10:09

you're treating the business if you're

10:11

treating the poker game like a business

10:13

essentially what you want is you want

10:15

nine people seated around a table with

10:16

equal playing styles equal skill skill

10:19

levels and hopefully you get these

10:22

heartp pumping results but at the end of

10:24

the year the money changes hands and the

10:25

house wins. Okay. But before I realized

10:28

that, what I had was

10:33

I I was raised by uh parents who were

10:36

were very um they they believed in

10:40

teaching lessons all the time. And my

10:41

dad's was excellence and discipline and

10:43

overcoming fear. And my mom's was

10:44

integrity, integrity, integrity. And

10:46

what can you do for the world? And don't

10:48

make people feel like they're

10:49

transactions. And so, you know, that's

10:51

that's the education that I had. And so

10:54

I was a really hard worker and I really

10:56

held myself to a high standard. So for

10:59

instance, when I started running these

11:01

games, there was a lot of pros that

11:03

would offer me free rolls, straight cash

11:06

if they could play, but I knew that that

11:08

would compromise the integrity of the

11:10

game. So what I did is I didn't take

11:13

shortcuts. I just was trustworthy and I

11:16

invested in people and I um you know I

11:19

developed relationships and I was very

11:21

intentional about

11:24

before I walk in this, you know, not

11:25

asking them for favors because everyone

11:27

in the world was asking them for favors

11:29

and just, you know, instead of what can

11:32

you do for me, what can I do for you?

11:34

Um, and over time, you know, pe I think

11:37

people sense that you're a trustworthy

11:39

person and that you are really deeply

11:41

invested in in their outcome and and I

11:45

think that that was focusing on that

11:47

relational capital and focusing on

11:50

cultivating that trust and being a part

11:52

of someone's life. um doing events, you

11:56

know, expanding the time that you spend

11:59

together outside of just poker and, you

12:01

know, doing events with the whole with

12:02

the whole crew and and so that's what I

12:05

focused on and that was so incredibly

12:08

valuable.

12:09

>> And a big part of this culture at the

12:11

time was unlike say some other games

12:14

where we have a group of friends, it's

12:17

uh like a high trust environment, we

12:19

settle up yearly, etc. The tradition in

12:21

LA, at least in the ones I played in,

12:24

uh, was you settle up the next day,

12:26

people would, and that would be your

12:27

responsibility, I assume, or one of your

12:30

runners to go collect checks and settle

12:32

with people. And then sometimes, you

12:35

know, people maybe couldn't settle, and

12:37

it can get a little bit awkward. So

12:39

maybe you could tell us about that part

12:41

of the job that people don't see, which

12:42

is, hey, you got to go the next day.

12:44

Somebody lost 50 grand, 250 grand.

12:46

What's the big loss that you had to go

12:48

collect? What was that like? A couple

12:50

things. First of all, what shocked me

12:54

was if you looked at the net worth at a

12:56

lot of these people that were playing,

12:59

it would indicate that a loss of a

13:02

couple hundred thousand or even a

13:04

million wasn't a big deal, right? But

13:07

that's that wasn't the case. I I saw

13:10

crazy behavior. Um, and when I realized

13:16

kind of like cuz I always would ask

13:17

myself the question, what's underneath

13:19

this? You know, what is what's causing

13:21

this flipping of the table, screaming at

13:23

me that you're never going to pay, you

13:25

know, whatever. And what I kind of got

13:28

to is it's fear. Even though it doesn't

13:30

make logical sense compared to someone's

13:32

net worth, losing money or losing in

13:34

general kind of triggers this fear

13:36

response. You feel out of control. So my

13:40

job consistently was having enough top-

13:42

down control to be able to be the one

13:45

that could then make that person feel

13:47

safe because I saw in other games the

13:49

game runner's on the hook for the money.

13:51

This person's saying, "I'm never going

13:52

to pay you. Then they're both in fear,

13:54

then they go get into the sparring

13:56

match, games end, things fall apart."

13:58

So, it was really useful for me to just

14:01

be able to emotionally regulate myself

14:04

and understand

14:06

what was going on

14:07

>> and just talk them down from a ledge and

14:09

get them to pay because if somebody

14:10

stiffs the game, the game you could

14:12

break the game permanently.

14:13

>> Well, I've been stiffed and I I wrote

14:15

those checks.

14:16

>> Really? What's the biggest you got

14:17

stiffed for?

14:17

>> 250.

14:18

>> 250. And the person could afford to pay

14:20

it

14:20

>> for sure.

14:21

>> And they stiffed you and then you've got

14:23

to come out of pocket for that and make

14:25

good.

14:26

>> Yeah.

14:26

>> Yeah. That's That's hard.

14:28

>> Yeah,

14:29

>> that's a

14:29

>> But it teaches you to do a really good

14:31

job on the on the vetting.

14:33

>> Yes. Um I mean I had bank employees on

14:35

my payroll basically because in LA

14:38

people drive a Lamborghini, they rent a

14:40

house in the valley, right?

14:41

>> Yeah.

14:42

>> So Molly, can you just talk about you

14:44

talked earlier with us um when we were

14:46

playing poker or during lunch about

14:50

someone said I think what sort of stuff

14:51

are you into?

14:52

>> Yeah. And you said, "I'm really into

14:54

like adrenaline

14:56

stuff, like adrenaline sports, right?

14:58

And you're like competitive skier and so

15:00

on." Um, but this feels like that sort

15:03

of high stakes environment that you put

15:05

yourself in. Where did that come from?

15:07

And do you think you selected yourself

15:08

into this environment because it feels

15:10

like hella skiing?

15:12

>> I think first of all, um, I come from a

15:15

really competitive family. uh one

15:18

brother uh went to the Olympics twice,

15:21

was a world champion in mogul skiing at

15:23

world champ at 16. Then he went on to uh

15:27

after the terin Olympics get drafted

15:29

fifth round of the Philadelphia Eagles.

15:31

He was an Abberrombi model.

15:36

Then he started and sold a tech company

15:38

at like literally the highest valuation

15:42

like down to the second I think. And now

15:44

he's CEO of the X Games. And then my

15:46

other brother is Harvard educated

15:48

cardiothoracic surgeon at Massgen. So

15:51

>> which one do your parents love most?

15:53

>> Well, they loved them more, but then

15:55

Kosner played my dad in the movie, so I

15:57

became instantly the favorite kid.

15:58

>> So they they eventually loved you.

16:00

>> Eventually, but it took a I mean it took

16:02

a lot.

16:03

>> It did. Yeah.

16:04

>> So that was part of it. Um we grew up

16:06

skiing and my dad was really insistent

16:10

on fear is not going to sideline you.

16:13

And so from an early age, like some kids

16:16

get grounded for talking back or you

16:18

know, whatever. We got in trouble for

16:20

letting fear get in the way or and and

16:23

so something started to happen, I think,

16:26

in those early years where it was like

16:27

this very like exciting experience to

16:32

look at something, be afraid of it, and

16:33

then do it.

16:35

>> Um

16:35

>> like run a big game where people go

16:37

south for 250k and then you decide, hey,

16:39

>> but that was the behavior you were

16:41

trained on early on. I think it was a

16:42

byproduct of social

16:44

>> fear in the face and jump into it.

16:45

>> Yeah. And that's a pretty great feeling,

16:48

right? It

16:49

>> totally and a bit of pride. You wanted

16:51

to restart the game. And so you had that

16:54

pride.

16:54

>> Big time pride.

16:55

>> So take us to the game moving to New

16:58

York and the mob getting involved, you

17:00

getting beat up, the getting pinched and

17:02

this whole thing going sideways.

17:04

>> Okay. So um moved to New York to to your

17:08

uh question really started interviewing

17:11

poker players what's the problem in the

17:13

current system because there is really

17:15

well established games and whatever and

17:17

what I found was that there was a

17:18

problem with trust um a lot of times

17:21

gamers would play in their own games uh

17:24

if they did had a bad night the rake

17:25

would be higher d wasn't taking a rake

17:28

um and then I realized okay well if I

17:31

can become the bank for these games and

17:33

I can settle um and then provide this

17:35

experience um in which you could sit

17:38

down next to your hero or you know you

17:41

could sit next to somebody who's going

17:42

to change your life in business and then

17:44

there's no pros and it's all action. Um

17:46

this is how I'm going to do it. So I

17:48

became the bank for these games. The

17:50

game in New York was a $250,000 buyin.

17:53

It was 2008 and I remember the first

17:57

game the president like was in the

18:00

background on the on the television like

18:01

giving the state of the union on the

18:03

economy and there was like $10 million

18:05

on the table.

18:07

Um these were insane games. Uh they were

18:11

playing insane uh variations of

18:14

>> And you love the thrill. You feel the

18:16

thrill. Yeah,

18:17

>> I did. Yeah. Um

18:20

I mean this was the game that like

18:21

ultimately someone lost 100 million. So

18:24

um so yeah so again um that definitely

18:28

made noise

18:28

>> even by [ __ ] standards

18:32

>> and yeah so and then I just decided you

18:36

know I cuz I told my parents listen cuz

18:38

they're like please go back to school

18:40

you know please finish your like go to

18:42

>> I knew what you were doing.

18:43

>> Yeah. And I was like okay but I just

18:45

have to do this thing real fast. So, I I

18:47

decided I was going to go as big as I

18:49

possibly can. And then I started smaller

18:50

games and it and it got out of control

18:52

and some of these guys from Brighton

18:54

Beach started playing and I had them

18:56

vetted, but their and their stories

18:57

checked out. I knew something was off.

19:00

It was really off. They were running the

19:01

biggest insurance fraud scheme in New

19:03

York City history. They had alleged ties

19:04

to the Russian mob. My only involvement

19:06

with them was they played on my poker

19:09

game. The next thing that happened was

19:11

um

19:13

the Italian mob or impersonators of the

19:17

Italian mob uh came to me and said, you

19:19

know, we we want a piece of your game

19:23

and I turned them down. And then they

19:26

didn't just go away. Um, and they sent

19:28

someone to my apartment and uh

19:32

this guy broke broke in my apartment and

19:34

he put a gun in my mouth and he

19:36

>> Jesus

19:36

>> and he told me that um I work for them

19:40

and that if I told anyone law

19:42

enforcement or anybody that they had

19:44

found out where my family lives in

19:46

Colorado and then he beat the hell out

19:48

of me and forced me to like, you know,

19:51

you

19:53

>> took everything out of my safe and there

19:55

was money and there was a gold bar in

19:57

there for some reason, but also um

19:59

things that my grandmother, who I was

20:00

named after, left for me. And you know,

20:03

it was just terrifying. And I was

20:04

completely

20:06

terrified, ashamed um for what I was now

20:10

implicating my family in. And I couldn't

20:12

call anyone. And

20:15

>> wow.

20:15

>> I kept waiting for their call.

20:16

>> Did you think at that moment to just

20:18

stop and just say, you know what, okay,

20:19

done.

20:21

>> Yeah. But I didn't know if it was an

20:23

option anymore,

20:24

>> right? because they were looking at me

20:26

as a big earner now and they they' said,

20:29

"This is a warning. It's not it's not up

20:31

to you anymore."

20:32

>> Wow.

20:32

>> So, I didn't know what to do. Like,

20:34

literally for the first time,

20:35

>> you could confide in anyone.

20:36

>> I didn't I didn't tell a single soul.

20:38

>> You didn't tell You kept that all in.

20:39

>> Yeah. And I'm in my apartment. I can't

20:41

go outside cuz it's very clear I've been

20:43

assaulted.

20:45

And I'm confused as to why I'm not

20:48

hearing them cuz about 3 or 4 days go by

20:50

and I I don't hear anything from them.

20:53

And then I get the New York Times and on

20:54

the cover it says 125 arrested in the

20:57

biggest mob related takedown in New York

20:58

City history and I never heard from them

21:01

again.

21:04

>> Wow.

21:05

>> Dodging a bullet. My god.

21:06

>> Oh my god. But yeah, but then

21:08

>> Oh my gosh.

21:09

>> Then the bullet of me came into play and

21:11

you know so then I I just started

21:12

getting out of control and like I said

21:14

like you know integrity was an important

21:16

thing to me but over time I was making

21:18

these little decisions. there were just

21:20

a little left or right of of where where

21:22

I stood and and you know greed money

21:26

became everything and and so I started

21:29

doing things that um my attorneys told

21:32

me not to do.

21:34

>> Raking the game.

21:35

>> Yeah. Taking a rake.

21:36

>> Taking a rake. Now, for people who don't

21:38

know,

21:39

>> if you have a home game and you collect

21:40

tips, it's kind of a gray zone, but

21:42

generally speaking, people don't have a

21:44

problem with it legally. But in the

21:47

casino business, the legal gaming

21:49

business, they feel that's their

21:50

business to take a rake. And they went

21:52

through the proper channels to get a

21:53

license to do that rake. And you can't

21:56

do that at a home game, right?

21:57

>> And so now you're breaking the law,

22:00

>> right?

22:00

>> To make extra money.

22:02

>> Sorry, just to be clear, a rake just

22:03

means when you put money in the pot,

22:04

they take a little bit of it out, they

22:06

put it on the side, they keep it for

22:07

themselves. In the casino, they do an

22:09

hourly rake, right?

22:10

>> Yeah, that's a rake, too.

22:11

>> That's a rake, too.

22:12

>> Yeah. Yeah.

22:12

>> Um different. You were you were you were

22:14

taking money out of the pots, keeping

22:15

them for yourself.

22:16

>> So basically what I was doing was I had

22:19

become

22:21

much more lenient about who I was

22:22

letting in the game. Um and so my

22:25

exposure was getting bigger. And so in

22:28

some of those games where I was betting

22:29

on the players and they were bad bets, I

22:33

started to take a rake. This was the

22:34

last six months.

22:37

the feds had put a confidential

22:38

informant in the game because they were

22:40

listening to the Russians phone.

22:44

>> Um who tracked that and in and then a

22:47

couple months later I got a text message

22:49

from one of the dealers and they said

22:51

don't come here. The FBI is here looking

22:53

for you and finally I knew it was game

22:56

over and I just wanted to go home even

22:59

though I'd pushed my family really far

23:00

away. like I I just wanted to go home

23:03

and so I tried to book a plane ticket

23:05

from um JFK to Denver and my credit card

23:08

got declined and then my next card got

23:10

declined and I looked logged into my

23:12

bank account and it read99,999,000.

23:16

Um the division of asset forfeiture

23:21

had taken everything because your

23:23

property unlike your personhood doesn't

23:24

have the presumption of innocence except

23:26

for maybe in Florida. Not

23:29

>> I'm not up on the asset. Now you're

23:30

pinched. You get shaken down by the mob.

23:32

Then you get pinched by the feds.

23:34

>> So the feds are So my lawyers call and

23:36

they say, you know, she can sue us cuz

23:38

this is on the civil side, but anything

23:40

she says will also be counted as a

23:42

confession. They said, do you want her?

23:44

Are you pursuing any criminal charges?

23:45

They said, no,

23:48

I couldn't try to get my money back. I

23:51

moved in with my mom. Felt really sorry

23:53

for myself. Took me about two years to

23:55

put my life back together. Finally got

23:57

this little job in LA.

23:59

moved back into this little studio

24:01

apartment and I thought, "Okay, it's a

24:03

fresh start." You know, five days later

24:06

in the middle of the night, 17 FBI

24:08

agents, machine guns, high beam

24:11

flashlights,

24:12

>> put me in handcuffs and shackles, and

24:15

put this piece of paper in front of me

24:16

that said, "The United States of America

24:18

versus Molly Bloom."

24:19

>> Wow. Wow. What a year.

24:23

>> I was really running hot.

24:24

>> Yeah. Wow.

24:25

>> Um,

24:26

>> couple of bad beats. So, I had a day and

24:29

a half to get to New York City to find

24:30

an attorney. And

24:32

>> And you're broke.

24:33

>> And I don't have a penny.

24:35

>> Yeah.

24:35

>> Wow.

24:36

>> So,

24:37

>> how does it all resolve? How does the

24:38

story resolve?

24:39

>> So, I found someone honorable and great

24:42

to represent me. I didn't have money to

24:45

fight it. So, I pled out. The

24:47

prosecutors wanted a meeting with me.

24:50

Uh, this was the Southern District. And,

24:52

um, they really wanted me to become a a

24:55

CI. They weren't interested in the

24:57

Russians or the Italians. They were

24:59

interested in the billionaires and the

25:00

politicians and the celebrities

25:02

>> who were for poker specifically.

25:05

>> Yeah. Let me be really clear. There was

25:06

no Epstein in my game.

25:07

>> Right.

25:08

>> Right.

25:09

>> Um so they said if you know if you're

25:11

>> they wanted you to be a rat against rich

25:14

people, politicians, and famous people.

25:15

Yes.

25:16

>> And what did you what did they think you

25:17

were going to overhear like murder plots

25:20

or like like what like what were you

25:21

going to be able to tell them? Business

25:24

deals. I could have given them leads

25:27

>> you over here

25:28

>> for all kinds of stuff.

25:30

>> Yeah. Crime

25:30

>> for sure.

25:31

>> Wow.

25:33

>> Um

25:34

>> was this Pit Barara who was running the

25:36

Southern District cuz he he's also

25:38

famous for getting rid of online poker.

25:39

He

25:40

>> had a He's a pretty by the books

25:44

>> guy for sure.

25:44

>> Yeah.

25:45

>> Yeah.

25:45

>> And the Southern District of all

25:47

districts is known for being the most

25:49

hardcore

25:50

>> and politically ambitious and

25:53

>> Sure. Right. All right.

25:54

>> Um, and they said,

25:56

>> "So, did you did you go to jail?"

25:58

>> I didn't. So, they said, "If you're

25:59

willing to give, you know, if you're

26:01

willing to work with us, we'll give you

26:02

all your money back and we'll give you a

26:04

deferred prosecution, which will keep

26:05

you out of prison." And I had like 48

26:08

hours to make this call. And, you know,

26:11

where I got to it was like, this was my

26:14

fault. Um, I uh I had near-perfect

26:18

information on the laws. I had all these

26:20

opportunities. I had loyal clientele. I

26:23

found this loophole and I was the one

26:25

that decided to make this choice. And so

26:27

to turn around and drag these people who

26:29

had families through this [ __ ]

26:33

um based on my own bad decisions like

26:38

just didn't feel like something that I

26:40

wanted to live with. So,

26:42

>> I turned down that offer and I waited to

26:44

get sentenced and we all thought I was

26:46

going to prison

26:48

and I got a judge who was very

26:50

disappointed in my life choices, but

26:54

but basically said, you know, you had a

26:56

life before this and I had character

26:58

letters from professors and ski coaches

26:59

and I had um a lot of people show up for

27:03

me that had made better decisions that I

27:05

had in life and so he fined me a lot and

27:10

but I didn't go to But, you know, then I

27:12

was 35 years old, millions of dollars in

27:14

debt, a convicted felon. The tabloids

27:17

are telling this really reductive tale.

27:18

Like, where how do you come back from

27:20

that, you know? And so I decided, well,

27:24

there's a story here and if I can

27:27

monetize that, maybe that can address

27:31

the reputational harm, the financial I

27:34

mean, I'm millions of dollars in debt

27:36

and um and so I wrote a book and uh

27:41

waited for my life to change and then I

27:43

think 10 people read it and probably

27:44

like eight of them were related to me.

27:48

But it was still my it was still my only

27:51

idea and I still kind of believed in it

27:53

in my in my gut. So I just made a short

27:56

list of the most successful filmmakers

27:58

in Hollywood and I was like why not you

28:00

know why not just go for it. Um but they

28:02

needed to be brave because there was

28:04

also a ton of people as you can imagine.

28:06

>> Yes.

28:06

>> Even though I'd fallen on the sword with

28:08

legally even though I hadn't implicated

28:10

people in the book they don't want

28:12

exposure and I get that. Um, so Erin

28:15

Sorcin wrote A Few Good Men, Social

28:18

Network, Moneyball, and he was my

28:21

favorite writer and also the highest

28:22

paid screenwriter at the time, which if

28:24

you're gambling, which we always are,

28:26

right? It's good bet. Anyway, getting to

28:29

him wasn't easy. I finally got to him

28:31

and I just remember before I walked in,

28:33

I was like, what am I doing?

28:36

Millions of dollars in debt. My book

28:37

sold 10 copies. Like, I live with my

28:39

mom. like

28:41

and this is the highest paid

28:42

screenwriter in the world, you know.

28:44

>> So, you got a meeting with him.

28:45

>> I did.

28:46

>> And he had you had sent him the book

28:47

obviously.

28:48

>> So, a somebody that I bothered like

28:51

relentlessly.

28:52

>> Right. So, you're just to put the sales

28:53

hat on again like the the relentless

28:56

like pursuit of the sale.

28:58

>> Yeah.

28:59

>> You were like all over this guy even

29:00

though

29:01

>> Yeah.

29:01

>> you weren't make and you just kept

29:03

going.

29:03

>> Yeah. And I and I you know I had met

29:05

with other screenwriters and they were

29:07

kind of a big deal and I was like, "No,

29:08

no, no." And my brother's like, "You

29:10

can't keep passing. Like you live with

29:11

your mom."

29:11

>> What did you say when you get in the

29:13

room?

29:13

>> Um, so I told him my story

29:17

and I think like my leg my legs were

29:19

shaking, but like I had this game face

29:20

on, you know?

29:21

>> Yeah.

29:21

>> And when I was done, he said, "Well,

29:23

I'll tell you one thing, kid. I've never

29:25

met someone so down in their luck and so

29:26

full of themselves.

29:29

>> Wow. It's good character study." Yeah.

29:31

>> Yeah. Um, and then, you know,

29:34

>> they made an offer.

29:35

>> Yep. And then the the paid and then you

29:38

used that money to pay down this uh fine

29:41

you got.

29:41

>> I did.

29:42

>> And

29:43

>> I just finally finished paying off the

29:45

government last summer.

29:46

>> Wow.

29:47

>> Wow. Congratulations. And I leave.

29:50

>> And I guess you know the just to ask you

29:54

the hard question which you kind of

29:55

answered. I was always wondering like

29:57

how does one make the decision to write

30:00

this tell all book and the fallout from

30:03

that book? I remember in LA people

30:05

talking about the book coming out. The

30:06

book's coming out. The book's coming.

30:07

Everybody was really scared about it.

30:09

You didn't put people's names in it. You

30:10

specifically chose to, you know, make it

30:13

>> I put their name in it if they've talked

30:15

if they had talked about playing in the

30:17

games,

30:17

>> right? So

30:18

>> if they themselves, you know,

30:19

>> so you took some steps there, but you

30:22

did make a decision all these people who

30:25

put you in business, etc. to basically

30:26

turn on them and to basically tell their

30:29

story, but there was no non-disclosure.

30:31

You hadn't made any agreements to not

30:34

talk about it.

30:34

>> Well, I didn't turn on them. I actually

30:36

supported them at every turn.

30:39

>> Well, I'm just saying like

30:40

>> I could have gotten a lot of money back

30:42

and a deferred prosecution.

30:44

>> Okay. Yes. In that case. Yeah.

30:45

>> And then the publishers were willing to

30:47

pay me six, seven figures for a

30:48

celebrity hit piece. I was broke living

30:50

with my mom. Again, I turned that down.

30:53

>> Got it.

30:53

>> And I chose to work with a screenwriter

30:55

that was absolutely clear and willing to

30:57

contract it that we aren't ruining any

30:59

lives.

31:00

>> Great. And the fact that just so you

31:03

know is everybody in the who had games,

31:06

>> all the dealers, everybody involved had

31:08

to sign non-disclosures

31:09

>> for the next

31:10

>> probably smart.

31:11

>> Probably smart. Yeah.

31:12

>> Do you still need to face fear in its

31:14

face to feel like you're

31:18

>> doing what you want to do?

31:19

>> Yeah.

31:21

>> Um I don't have this I think addiction

31:24

to that anymore.

31:26

Um,

31:28

but I don't I don't ever I I will always

31:32

choose courage over comfort. I I pay a

31:35

big interior price internally if I

31:38

don't.

31:39

>> But it's not like this thing where I

31:41

need that, you know, that that uh

31:46

adrenaline hit to make me feel alive. I

31:48

like it. I pick my spots now. I have a

31:51

three and a half yearear-old daughter so

31:54

I knew before I brought a kid into the

31:56

world I want I needed to do a lot of

31:58

work on myself right

32:00

>> um so that I could be the kind of

32:02

>> you learned a lot about yourself

32:06

>> I wonder what you could tell us about

32:08

the nature of the men who are obsessed

32:11

with playing this game and playing it at

32:14

these stakes and the camaraderie the

32:17

competition and the chaos have you

32:20

learned erned about the nature of these

32:21

men.

32:23

>> Well, again, I think

32:26

I don't like to

32:28

there's a couple different archetypes.

32:30

Okay,

32:31

>> tell us.

32:32

>> So, there are there are the ones that

32:35

are there on a

32:38

self-destructive

32:40

bullet train.

32:41

>> So, it's not just high stakes poker,

32:43

right? Yeah. It's

32:45

putting their marriage in bad places in

32:48

very egregious and and and ways. There's

32:52

drugs. There's, you know, it's it's it's

32:55

the hedonic treadmill gone crazy.

32:58

>> Got it.

32:58

>> Um, no more control over themselves,

33:01

living for that next fix. Um, then there

33:05

are just the highly competitive people

33:07

who are very comfortable with

33:08

volatility. In fact, prefer volatility

33:11

and chaos. um but still have some

33:13

semblance of control over themsel

33:17

um and

33:20

you know and then I think there are

33:22

people that play because they love the

33:24

game

33:26

>> because they like the aspects of it that

33:29

make it an incredible game. They they

33:31

like the psychology. They like the

33:33

>> um making you know seeing the results of

33:36

making highle decisions with very

33:38

limited information. They like the the

33:40

mental

33:41

>> and and and and social thrill of it,

33:45

>> the camaraderie and the competitive.

33:46

>> Who's the who's the best celebrity poker

33:50

player

33:51

>> in all the years that you saw in these

33:52

games? Who is the best?

33:53

>> Toby.

33:54

>> Toby.

33:54

>> Yeah.

33:54

>> And who is the second best?

33:56

>> He wants you to say Chimoth, but we we

33:58

were going to carve him out cuz he's not

34:00

>> Look, I played with Toby for 20 years. I

34:01

would have said Toby, too. I think he's

34:02

he's exceptional.

34:03

>> He's a grinder. He's tough.

34:04

>> Yeah, he's tough. He I mean he um he was

34:08

the only one in the game that was tight.

34:10

>> Yeah.

34:11

>> Um

34:13

I guess second would be Ben.

34:14

>> Yeah. Affleck's a good player.

34:16

>> Yeah. He he he's definitely smart.

34:18

Definitely knows what he's doing. It

34:19

depends on where he is in his life.

34:20

>> Yes.

34:21

>> Yes.

34:22

>> Politician wise, can you say or no?

34:24

>> I haven't named any of the politicians

34:26

because they haven't been named.

34:27

>> Yeah. Okay.

34:28

>> Business people.

34:30

>> Once again,

34:31

>> they haven't named themselves, so we'll

34:32

leave them unnamed. And Molly, you were

34:34

telling us before that you do some kind

34:37

of speaking work around sales. This is

34:41

where I'm so interested in this. Like

34:43

>> what are the things you tell people when

34:44

you do those events? What is the big

34:46

takeaway from your experience?

34:48

>> So a lot of people So there's this small

34:49

body of science called effective

34:51

presence effective with an A and it

34:53

really focuses on more of the subcon

34:56

what's going on subconsciously. So, um,

34:59

if you work backwards from core human

35:01

fears, which I think is always a really

35:03

good thing to do after dying, being

35:06

alone in public speaking, you know, it's

35:08

like

35:10

what are people most afraid of? They're

35:11

afraid of um not belonging, not uh being

35:15

worthy, people stealing money from them,

35:18

etc. And so when you start to think

35:20

about what

35:23

what kind of emotional footprint am I

35:25

leaving with these people like in you

35:27

know like how can I disarm them and also

35:30

cultivate trust at the same time it

35:33

takes a level of intentionality and so I

35:35

think what a lot of us do is we walk

35:37

into a room and we're thinking what are

35:39

my what's my resume what are my sound

35:41

bites what's my pitch instead of

35:44

thinking um

35:47

how can I make this person feel like I'm

35:50

with them, like this isn't a zero- sum

35:52

game.

35:52

>> And so, there are just a couple things

35:54

that you could do. I mean, listening is

35:55

a huge one

35:56

>> to listen with full presence, to not

36:00

listen while you're constructing your

36:01

response, but just ask open-ended

36:03

questions. Go down this road with

36:04

someone um to, you know, have some

36:08

warmth about you and some a, you know, a

36:11

like be affirming. Um, but also be

36:14

authentic. Um, and and to practice the

36:19

hard empathy. Like the easy empathy is

36:22

people you relate to, people that have a

36:25

similar experience to you. The hard

36:27

empathy is sitting down and having

36:30

conversations with people whose views

36:32

you don't like, whose personality you

36:35

don't particularly like, and trying to

36:36

figure out or get to a place where you

36:39

can understand them,

36:41

>> you know?

36:41

>> Yeah.

36:42

>> Um, and so

36:42

>> making that effort.

36:43

>> Yeah. making that effort and and you

36:45

know it's interesting

36:47

humans hate uncertainty um without the

36:51

an edited brain and I mean edited by

36:53

doing that that work and meditation

36:56

whatever whatever your your mind

36:58

training tool is um the brain thinks

37:02

that uncertainty is a metabolically

37:03

unsustainable state so it equates

37:06

uncertainty with fear

37:08

>> so how can you start to give people that

37:11

sense of certainty Um, and also how can

37:15

you become aware of it in yourself?

37:17

Because if you know that you hate

37:19

uncertainty and then what you do is

37:20

forge, forge, forage for some subjective

37:22

truth and then cling to it, right?

37:24

>> Um, that's a big handicap, you know, and

37:27

so to start to do work on relaxing with

37:30

uncertainty and being more curious than

37:33

needing to, you know, try to have this

37:34

illusion of control. Um, you know,

37:37

there's there's a lot of things that

37:40

aren't so obvious or instinctual.

37:42

>> Totally. in in impact in the the art of

37:46

impact and and connection.

37:47

>> It can also force you to let go of

37:49

priors,

37:49

>> right?

37:50

>> Which allows you to adapt and evolve.

37:53

And

37:53

>> I mean, being able to adapt

37:55

>> and being able to court change and even,

37:58

you know, reframe it as like this is

38:00

exciting or this is interesting.

38:02

>> What an incredible life you've had,

38:04

ladies and gentlemen. Let's thank Molly

38:05

for joining us. Thank you, Molly.

38:06

>> Thank you so much.

38:08

>> And let's thank also Oracle. Thank you

38:10

for hosting. Um, and my lord, we're

38:12

going to have a great weekend.

38:20

I'm going all in.

Interactive Summary

The video features an interview with Molly Bloom, known for running an exclusive, high-stakes underground poker game for celebrities, business moguls, and politicians. Molly discusses her transition from being a competitive skier to organizing these high-stakes games in Los Angeles and New York. She reflects on her journey, including the pressures of maintaining the game's integrity, facing intimidation from the mob, her legal troubles with the FBI, and her eventual comeback by writing the book that inspired the film 'Molly's Game'. Additionally, she shares insights on building relationships, cultivating trust in business, and the psychological archetypes of the high-stakes poker players she observed.

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