FTP Discussion Thread (Everything but big new news goes here. Cliffs in OP)

[girahy]

Looks like most of the security department is still reporting. Any wonder those people cant get jobs elsewhere yet?

[novahunterpa]

Originally Posted by EYESCREW

The UIGEA became law in Dec, 2009. Is it likely the FTP guys will be able to keep all assets made prior to that date and everything made after will be made subject to fine/seizure/forfeiture?

The whole thing really gets complicated. What about money made by FTP pros in poker tournaments where they were bought in with company money after the UIGEA became law???

If you're a manager in a company that's found to be operating illegally and you get a $100k bonus is that money subject to forfeiture?

You can see where I'm going with this.

What was legally made money, deposited from overseas players, illegally made money, deposited from US based players?

UIGEA is only one of the gambling related charges they face. The are also charged with violations under IGBA.
Both UIGEA and IGBA are federal laws which use state gambling laws as the basis of the underline violation.

They can of course fight these charges but its an uphill fight one in which the sites will likely not win

[Blizzuff]

Originally Posted by *******

Oh my god.

[Howard Beale]

Originally Posted by mrwalken

Do we have any information as to why Juanda hired his own counsel and is not using Ifrah like the rest of bunch?

Bec Ifrah is running his mouth?

[jhn_lundgren]

Originally Posted by EYESCREW

The UIGEA became law in Dec, 2009. Is it likely the FTP guys will be able to keep all assets made prior to that date and everything made after will be made subject to fine/seizure/forfeiture?

The whole thing really gets complicated. What about money made by FTP pros in poker tournaments where they were bought in with company money after the UIGEA became law???

If you're a manager in a company that's found to be operating illegally and you get a $100k bonus is that money subject to forfeiture?

You can see where I'm going with this.

What was legally made money, deposited from overseas players, illegally made money, deposited from US based players?

UIGEA became law in 2006.

[EYESCREW]

Originally Posted by jhn_lundgren

UIGEA became law in 2006.

It was passed in 2006 but didn't become law until Dec 2009.

Orrr maybe I'm wrong? Wouldn't be the first time.

[jhn_lundgren]

This isn't his house.

His is much nicer.

[DavidNB]

Originally Posted by EYESCREW

The UIGEA became law in Dec, 2009. Is it likely the FTP guys will be able to keep all assets made prior to that date and everything made after will be made subject to fine/seizure/forfeiture?

The whole thing really gets complicated. What about money made by FTP pros in poker tournaments where they were bought in with company money after the UIGEA became law??? |zero chance I would think. Poker pros are paid employees just like anyone else

If you're a manager in a company that's found to be operating illegally and you get a $100k bonus is that money subject to forfeiture?

You can see where I'm going with this.

What was legally made money, deposited from overseas players, illegally made money, deposited from US based players?

FT needs to get the money back that was seized by the DOJ

[genher]

Originally Posted by Diamond_Flush

At quick glance, there have been at least 10 applications made Since July 1. 2 of those are already licensed, but not "live" yet. This info comes from the very same link you posted yourself!

FYI, Before a licensee can go fully “live” or operational, there are several areas of operations which will need to be confirmed and approved. Essentially, the AGCC will need to approve:
1.an internal control system
2.gambling equipment
3.the licensee’s capitalisation status


Once those things are done, the name comes off the current applicants list completely and its site addy is added to the licensee list.

Not sure how you claim to have looked on that web site and claimed they get one application a month.

You are absolutely right.
I originally looked at the link I posted, and then when someone asked how many applications they were getting, I re-goggled it to count the number of applications and looked at this page http://www.gamblingcontrol.org/notice.php. I counted quickly the applications and there were only 4. I wasn't careful the pages looked similar and I didn't notice that I wasn't on the right page. My bad.

Originally Posted by Diamond_Flush

You have a very bad habit of pretending to "know things", making up a little story about them and then presenting it as fact.

I might have different views to yours but I am not in a habit of making stories. Also I was not "pretending to know things" i was barely trying to answer someone's question. Could you please show me 1 post where I made up a story?!

[Diamond_Flush]

Originally Posted by EYESCREW

It was passed in 2006 but didn't become law until Dec 2009.

Orrr maybe I'm wrong? Wouldn't be the first time.

I think you are confusing when the Bill became law (2006) with the final deadline for banking compliance, December 2009. If memory serves me, I think that(mandatory compliance) was even delayed until June 1, 2010, but the law was already in effect for years.

As for your comments about the FTP/PS lawyers stepping up to challenge the UIGEA now, that ship has already sailed imo. The UIGEA counts are the least of their problems in the current charges they face. The bank fraud, wire fraud and money laundering charges aren't nearly so easy for them to defend, even if only half of what the DOJ claims to have as evidence is true.

It's a shame really, because had any of those major sites decided to take a stand and bring the UIGEA fight to the courts here, they would have had the full support of US players. There are a lot of concessions that their US player base would have been willing to make over the last couple of years to help them do that.

Sadly, they determined that they had too much to hide that would have come out on the record, and it only got worse with passing time.

I wonder how much, especially in the case of FTP, they regret that decision now.

[PartyGirlUK]

Do FTP actually hold the patent for Rush Poker? I remember a link that implied it was owned by a private company.

[August1980JoinDate]

Originally Posted by Blizzuff

Oh my god.

Whats this referencing?

[SGT RJ]

Originally Posted by August1980JoinDate

Whats this referencing?

It commemorates the earthquake that happened on that date that caused the massive amount of damage you see in the photo (a knocked over lawn chair). It was about a 5.8, 5.9 on the Richter and was felt from N. Carolina to Massachusetts along the Eastern coast of the US, but caused minimal damage.

It's a great gif, IMO, but let's not derail this thread anymore, mkay?

Not that there's a whole lot of actual FTP news.

[ivvaen]

Originally Posted by PartyGirlUK

Do FTP actually hold the patent for Rush Poker? I remember a link that implied it was owned by a private company.

Link to patent.

Robert Burnside and Jerry Biesel of Texas are listed as inventors and the assignee is "Hold 'Em One, Inc". I don't know what the "assignee" is, but I think it is the owner of the patent? Anyone able to confirm?

Edit: A quick google search gave me the following:

"The assignee is the entity that has the property right to the patent. Patents are property. The inventor and the assignee may be one in the same but an employee will more than likely assign a patent to a company."

I can't think of having seen the "Hold 'Em One" company mentioned before. Anyone know anything about it?

[nickname]

must be this : http://www.holdemonepoker.com/