Three largest online poker sites indicted and shut down by FBI
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  1. #1
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    Three largest online poker sites indicted and shut down by FBI

    Three largest online poker sites indicted and shut down by FBI | Money & Company | Los Angeles Times

    Prosecutors are seeking to immediately shut down the sites and to eventually send the executives to jail and to recover $3 billion from the companies.

    ...

    “These defendants concocted an elaborate criminal fraud scheme, alternately tricking some U.S. banks and effectively bribing others to assure the continued flow of billions in illegal gambling profits,” Preet Bharara, the U.S. attorney in Manhattan, said in a statement.



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    Re: Three largest online poker sites indicted and shut down by FBI

    I can't believe anyone uses this. How easy would it be for them to cheat you ??? Let's see....... I'll set up a dummy player in your game......Oh, by the way I run this website so I can see EVERYONE ELSE'S cards. Thanks for the paycheck boys!!



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    Re: Three largest online poker sites indicted and shut down by FBI

    Absolute garbage...further demonstration of the schism between right/wrong and legal/illegal. Is gambling a proper activity among the willing? Absolutely. The issue then is that the Government isn't getting their cut and thus the proprietors are told they are criminals. The actual problem is that online gambling was made illegal and thus for the service to continue it had to skirt banking laws in the States. The real issue thus is not gambling as such, but the laws against it abridging an individual's right to use their resources as they see fit.

    Quote Originally Posted by intrepid27 View Post
    I can't believe anyone uses this. How easy would it be for them to cheat you ??? Let's see....... I'll set up a dummy player in your game......Oh, by the way I run this website so I can see EVERYONE ELSE'S cards. Thanks for the paycheck boys!!
    On this point you are correct, it would be quite simple for a gambling site to cheat someone out of their money. On the contrary, it would make it quite difficult to maintain a customer base if no one wins. It's much easier to function as a normal casino in regards to poker and take a rake of the pot.



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    Re: Three largest online poker sites indicted and shut down by FBI

    Nothing more than getting rid of the competition for the upcoming state-run online poker. What a joke



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    Re: Three largest online poker sites indicted and shut down by FBI

    Hacksaw Jim Duggan with the first comment. Awesome!



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    Re: Three largest online poker sites indicted and shut down by FBI

    On this point you are correct, it would be quite simple for a gambling site to cheat someone out of their money. On the contrary, it would make it quite difficult to maintain a customer base if no one wins. It's much easier to function as a normal casino in regards to poker and take a rake of the pot.[/QUOTE]


    the casino's may run a legit game but there have been multiple individuals busted for cheating who work for those casinos.



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    Re: Three largest online poker sites indicted and shut down by FBI

    This sucks. I didn't have much going on this afternoon at work so I took a half day to grind poker. Shortly after I start this happen.

    Good game DOJ.

    And for the people asking why anyone would do this I have several good reasons...the boat in my garage, all the TVs in my house, basically all the electronic equipment in my house, furniture, etc etc. All from one $25 deposit.

    If you need me I'll be drinking my new non store bought bottle of Templeton Rye.



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    Re: Three largest online poker sites indicted and shut down by FBI

    Quote Originally Posted by GrindingAway View Post
    This sucks. I didn't have much going on this afternoon at work so I took a half day to grind poker. Shortly after I start this happen.

    Good game DOJ.

    And for the people asking why anyone would do this I have several good reasons...the boat in my garage, all the TVs in my house, basically all the electronic equipment in my house, furniture, etc etc. All from one $25 deposit.

    If you need me I'll be drinking my new non store bought bottle of Templeton Rye.
    have you paid your taxes on your winnings? If I was a big winner on one of these sites I would be nervous if the IRS gets ahold of their records



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    Re: Three largest online poker sites indicted and shut down by FBI

    Quote Originally Posted by cytech View Post
    have you paid your taxes on your winnings? If I was a big winner on one of these sites I would be nervous if the IRS gets ahold of their records
    Yes paid taxes on all my winnings. I'm not worried on my own. Would like to get the money I had on the sites withdrawn, but guessing that won't happen. Have to remember I'm not out anything since it all came from a $25 deposit, but would rather I have it than the DOJ.

    BTW that last point sounded pretty braggy. I'm not like that, just on heavy tilt from the news.



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    Re: Three largest online poker sites indicted and shut down by FBI

    This is a load of crap. I play on Bodog and thankfully they dodged all of this somehow.

    How do they catch and prosecute these executives? Most of them are overseas right?



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    Re: Three largest online poker sites indicted and shut down by FBI

    Quote Originally Posted by M3MEPLEASE View Post
    This is a load of crap. I play on Bodog and thankfully they dodged all of this somehow.

    How do they catch and prosecute these executives? Most of them are overseas right?
    Eleven executives at PokerStars, Full Tilt Poker, Absolute Poker and a number of their affiliates were charged with bank fraud and money laundering in an indictment unsealed in a Manhattan court. Two of the defendants were arrested on Friday morning in Utah and Nevada. Federal agents are searching for the others.


    I don't do signatures. Blondes, brunettes, and red heads are a different story.

  12. #12
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    Re: Three largest online poker sites indicted and shut down by FBI

    I'm guessing the guys that haven't been arrested aren't planning to leave the Isle of Man anytime soon.



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    RIP Online Poker

    Last night the US Government seized the domain names of Pokerstars, Full Tilt Poker, and Absolute Poker and also indicted the owners of all sites. It looks like online poker is now dead in the US.

    At least for Pokerstars, the money held by any American has been frozen/seized.

    Major development and thousands of professionals are out a job and millions of recreational players can no longer play.

    Edit: Here is a link explaining things:

    http://pkrgssp.tumblr.com/


    Last edited by cycloneworld; 04-16-2011 at 10:14 AM.

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    Re: RIP Online Poker

    It'll be back, in one way or another. There is too much money to be made.


    Yeah TOAST!!!

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    Re: RIP Online Poker

    Government/state run sites coming soon. Just a guess.



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