Absolute Admissions: You Buyin\’?

[Photo: Emergence Marketing]

Last night the word was — via PocketFives and 2+2 — that Absolute was ready to admit malfeasance and guilt.

That mea culpa has been released, and the AP honchos are blaming a disgruntled kid wanting to stick it to his superiors:

The cheater, whose illegitimate winnings were estimated at between $400,000 and $700,000 by one victim, was an employee of AbsolutePoker.com who hacked the system to show that it could be done, said a spokesman for the company, who spoke with msnbc.com on condition of anonymity.

“This is literally a geek trying to prove to senior management that they were wrong and he took it too far,” he said.

Hmm, So we all good and ready to deposit a bunch of money into our Absolute accounts?

Thanks Cliff and Lisa for the links!