Announcement

Collapse
No announcement yet.

Three Largest Poker sites shut down by FBI

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Three Largest Poker sites shut down by FBI

    This is for Skip

    http://latimesblogs.latimes.com/mone...wn-by-fbi.html

    Originally posted by LATIMES
    The founders of the three largest online poker sites were indicted by the FBI on Friday in what could serve as a death blow to the thriving industry.

    Eleven executives at PokerStars, Full Tilt Poker and Absolute Poker were charged with bank fraud and money laundering in an indictment unsealed in a Manhattan court. Two of the executives were arrested on Friday morning in Utah and Nevada. Federal agents are searching for the others.

    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. By Friday afternoon Full Tilt Poker’s site displayed a message explaining that “this domain name has been seized by the F.B.I. pursuant to an Arrest Warrant.”

    The online gambling industry has taken off over the last decade, drawing an estimated 15 million Americans to bet online.

    In 2006 Congress passed a law prohibiting online gambling. Most of the leading sites found ways to work around the law using foreign banks, but prosecutors allege that in doing so they broke the law.

    “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.
    Owner of 316FIT and Team Skip Approved Trainer


    Instagram: @jaredragsdale
    FB: www.fb.com/jared.ragsdale
    www.316fit.com
    Email: [email protected]


  • #2
    What sucks even more is that if you have funds on the site they have been seized and your chances of recovering them are slim. I know personally know one guy who has low six figures tied up. Now that SUCKS.
    Journal http://www.intensemuscle.com/showthread.php?t=51093

    Comment


    • #3
      Anyone else play poker on IM, I have played for a living for over 2 years now.

      Comment


      • #4
        I heard this last night and I am not terribly happy about it. I have funds tied up, as well.

        Skip


        Facebook: Skip Hill
        Instagram: @intensemuscle
        YouTube: TEAMSKIP
        TikTok: @intensemuscle


        For Training Inquiries: [email protected]

        Use discount code "SKIP" and get your TEAM SKIP protein here: www.TrueNutrition.com/TEAMSKIPblend

        Comment


        • #5
          If you have funds tied up I wouldnt count on seeing it for a while. The one thing I will say is the online poker community is very good at organizing and getting things done. I remember when the UB scandal went down it was the players as a community that brought justice to the people who were cheated. Also when netteller stopped doing transactions ALOT of people had money tied up and they organized as a community and pretty much everyone got their money back EVENTUALLY. SKip I would reccomend you go to Twoplustwo and check out the forums. They will keep you updated on whats going on and the best action to take

          Comment


          • #6
            It is so ironical. Poker site owners would LOVE to pay taxes, if there was a legal basis of running poker sites..
            ________________
            "Your "secret" is when you finally believe in something" -- Dante

            "I looked at things with a microscope when a sledgehammer would have done" -- Dante

            Comment


            • #7
              The better part is that it's legal to play in the US, it's the banking and transactions that is illegal. In november there was a bill almost passed that would have legalized poker in the US by harry reid but didnt get threw.

              Comment


              • #8
                Damn.............there goes some of my off time fun when I come home.


                J
                "No man ever won a war by dieing for his county. He did it by making the other poor dumb bastard die for his."

                George Patton


                Get your Protein where the real men get theirs, TrueProtein.com

                5% off with Dicount code JNR490, and 10% off orders over 10 lbs!!!

                Comment


                • #9
                  Looks like 2 of the sites are back up to give refunds:

                  http://www.foxnews.com/us/2011/04/20...layer-refunds/
                  Bryan


                  Colorado Patriot Guard Rider

                  Comment


                  • #10
                    Cool. The entire thing is bullshit, though.

                    Skip


                    Facebook: Skip Hill
                    Instagram: @intensemuscle
                    YouTube: TEAMSKIP
                    TikTok: @intensemuscle


                    For Training Inquiries: [email protected]

                    Use discount code "SKIP" and get your TEAM SKIP protein here: www.TrueNutrition.com/TEAMSKIPblend

                    Comment


                    • #11
                      Sadly, they will most likely try to shut these sites down - to allow our own casinos to run online poker instead and profit from the industry these guys have built up.

                      I remember reading somewhere that the bill that was introduce for online poker in the USA had to have casinos that are at least 5 years old running the online poker site. Meaning no one that doesn't have an ACTUAL casino that is 5 years old can get in on the action..

                      Sounds like a great idea for competition, fucking retards.
                      Owner of 316FIT and Team Skip Approved Trainer


                      Instagram: @jaredragsdale
                      FB: www.fb.com/jared.ragsdale
                      www.316fit.com
                      Email: [email protected]

                      Comment

                      Working...
                      X