+1

I really thing players need to realise that they need to look for other solutions.Some of their roll will be frozen for at least 12 months.what next?get a job? move countries?B&M play? tournament switch?

http://forumserver.twoplustwo.com/57...tment-1021606/

I cashed out [ftp - Friday] large sum. STILL have not received any confirmation - I used bank transfer.

what site?

pros probably understand it. it's just hard accepting it.

FTP, got the confirmation for the withdrawal about 20mins after i cashed out by visa

got declined for my 2nd withdrawal by moneybookers 6hours later

1.US payment processors did "something illegal"
2.Poker rooms were never told they couldn't take money from US players (US players could deposit funds trough fully legalized systems, i.e. banks).Poker rooms relied (knowingly or not) on bogus payment processors for US players to make withdrawals, not deposits (my understanding is the banks in US were only allowed make one way transactions w/ "gambling sites").
3.FBI didn't say **** about illegal gambling.Playing poker was not illegal, only impossible to withdraw any winnings by legal means.
4.There's no such word as "shure" in English language.
5.Sorry for saying you're an idiot, I see now that's an understatement.

don't be ridiculous. sure the government hasn't proven its case yet.

but UIGEA law was clear. banks could not knowingly process gambling transactions.

and banks were not knowingly processing such transactions when 3rd party payment processors with innocuous sounding names popped up left and right. no two cashouts were seemingly ever from the same payment processor.

(and btw remember how much backlash there was on 2+2 anytime some newbie posted payment processor details? INSTADELETED by mods as soon as they found out. and just why was that? because it was common knowledge the payment processor scheme was less than legal...)

it doesn't take rocket science to figure out what needed to be done to keep the online poker machine going. its quick and easy to set up an offshore entity that can accept and send bank transfers. and even easier to repeat that process, staying ahead of US banks whose purported job it was to police the marketplace for gambling transactions. they were always a step behind. and it was a pretty smart idea to add or subtract a few cents here or there from transactions to make them seem like random amounts.

whoever was behind the scheme to open these payment processors and lie about their true nature...broke the law. and who was behind the scheme? probably mid level employees at FT and PS and others, but the executives will be responsible. confidential witnesses will bring the whole thing to light.

this all was bound to happen. it sucks for the people who "made their living" grinding online. but it also is a saving grace for many thousands of people who..."lost their living" playing online.

i have 0 sympathy for "online poker pros" most who don't pay taxes...who have 90%+ of their net worths in offshore (and now locked) poker accounts who now have no available assets, no job skills and nothing to do all day.

also don't feel bad for tom dwan and crew. boo hoo wah.

Wasn't it Clonie Gowen who first brought all kinds of attention regarding Full Tilt to the DOJ some time ago, after she was let go of due to contract and ownership disputes?

online poker is dead
[x] gg

Isn't all our money "frozen"? Meaning, there must be a restraining order that was issued on ALL funds until they can sort this mess out. I don't expect anyone to get any money anytime soon, sorry.

Why is that a good thing?.... what about Chris Ferguson...it doesn't matter whether you like them or not, or are simply jealous of their success, there is nothing good about this (unless, of course, you're a US dept. of justice A-Hole trying to climb the ladder of success... probably plenty of opportunity there)

up to 30% bro

http://www.ustream.tv/channel/day-2-qj-live-show

come listen helps u get through the day without poker

using a vpn might open you up to fraud charges...
people can't play or transfer anything currently...
chip dumping breaks tos and could be considered money laundering with the 'fibbies' watching...
i would be wary of private pms and advice during a time like this with a lot of gov't agencies watching and a lot of money on the line.. i still feel the safest place for our $ right now is stars.. and all the time frames of when people can access their money, are currently being pulled out of thin air.

I'm not sure if it's actually frozen. (It appears that certain accounts and certain money transfer companies are frozen)
But as for the actual assets of the poker sites, at this point, it seems unclear.

Non-US players seem to be having trouble cashing out... it could be that the poker sites cant absorb a "Run on the Bank" situation.


Anyone of us US players with money on these sites must just act as if it no longer exists.So, for now, just assume it's gone. (and it will be a nice suprise if/when we get a check)

It would only be conjecture to even guess how many months or years it will take or what percentage of our money we may eventually see.

my guess is 2 years +/- 9 months in getting monies back.

and having money (specifically more than 10k) on a poker site will make your life very complicated if (since) you haven't paid taxes.

I don't like this but feel it's good for humanity.

who is the person that sounds like a drunk crackhead?

itt

How long with the DOJ block the sites for?

The sites will pay top dollar but the problem is the ongoing revenue.US players contribute massively to the rake pot.without them they will struggle.

Russ Fox says that the FBAR rules don't apply to poker sites at this point. So not sure the 10K matters.

what do you base your time estimate on? ( I'm not disagreeing with you, but I'm just wondering how you came up with those numbers?, or is it just wishful thinking?)