Reuters: Full Tilt Poker, Pokerstars and Absolute Poker charged with illegal gambling
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what REAL BANK FRAUD & MONEY LAUNDERING looks like:
http://en.wikipedia.org/wiki/Riggs_Bank
NO ONE WENT TO JAIL! 
American Justice at its finest! 
http://en.wikipedia.org/wiki/Riggs_Bank
Quote:
A Saudi named Omar al-Bayoumi housed and opened bank accounts for two of the 9/11 hijackers.
Upon discovery of these transactions, the FBI began investigating the bank for possible money-laundering and terrorist financing. Although the FBI and later the 9/11 Commission ultimately stated that the money was not intentionally being routed to fund terrorists, investigators were surprised to see how lax the safeguards at Riggs Bank were. (Jonathan Bush, uncle of President George W. Bush, was an executive at Riggs Bank during this period.)
Many of these transactions involved Prince Bandar personally, often transferring over $1 million at a time. According to British investigations on the Al Yamamah deal, reported by The Guardian, Bandar would have received over $ 1.5 billion in bribery from BAE Systems, laundered through the Riggs Bank.
Augusto Pinochet, the former dictator of Chile, has been widely accused since 1973 of corruption, illegal arms sales, and torture. In 1994, Riggs officials invited Pinochet to open an account at Riggs Bank. Pinochet was arrested in 1998 in Britain for possible extradition to Spain, and his accounts were ordered frozen by court orders. A recent U.S. Senate report has revealed that Riggs executives helped Pinochet disguise millions of dollars. By using shell companies and hiding accounts from federal regulators, Riggs illegally allowed Pinochet to retain access to much of his fortune.
At least $35 million were siphoned off by long-time dictator of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo, his family and senior officials of his regime. In that hearing, the President of Riggs Bank was asked why the bank would willingly enter into a business arrangement with the dictator of Equatorial Guinea, a man who willingly exercises his hold over his people with demonstrations of murder and torture on state-run television.
Riggs Bank was fined $25 million in May 2004 by the Office of the Comptroller of the Currency and the Financial Crimes Enforcement Network for violations of money-laundering laws. A long running Justice Department investigation was wrapped up quickly in February 2005 with Riggs pleading guilty and paying a $16 million fine for violations for the U.S. Bank Secrecy Act after a Wall Street Journal article reported December 31, 2004, that Riggs had extensive ties to the CIA, including that several bank officials held security clearances. Riggs and its executives denied any wrong-doing
Upon discovery of these transactions, the FBI began investigating the bank for possible money-laundering and terrorist financing. Although the FBI and later the 9/11 Commission ultimately stated that the money was not intentionally being routed to fund terrorists, investigators were surprised to see how lax the safeguards at Riggs Bank were. (Jonathan Bush, uncle of President George W. Bush, was an executive at Riggs Bank during this period.)
Many of these transactions involved Prince Bandar personally, often transferring over $1 million at a time. According to British investigations on the Al Yamamah deal, reported by The Guardian, Bandar would have received over $ 1.5 billion in bribery from BAE Systems, laundered through the Riggs Bank.
Augusto Pinochet, the former dictator of Chile, has been widely accused since 1973 of corruption, illegal arms sales, and torture. In 1994, Riggs officials invited Pinochet to open an account at Riggs Bank. Pinochet was arrested in 1998 in Britain for possible extradition to Spain, and his accounts were ordered frozen by court orders. A recent U.S. Senate report has revealed that Riggs executives helped Pinochet disguise millions of dollars. By using shell companies and hiding accounts from federal regulators, Riggs illegally allowed Pinochet to retain access to much of his fortune.
At least $35 million were siphoned off by long-time dictator of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo, his family and senior officials of his regime. In that hearing, the President of Riggs Bank was asked why the bank would willingly enter into a business arrangement with the dictator of Equatorial Guinea, a man who willingly exercises his hold over his people with demonstrations of murder and torture on state-run television.
Riggs Bank was fined $25 million in May 2004 by the Office of the Comptroller of the Currency and the Financial Crimes Enforcement Network for violations of money-laundering laws. A long running Justice Department investigation was wrapped up quickly in February 2005 with Riggs pleading guilty and paying a $16 million fine for violations for the U.S. Bank Secrecy Act after a Wall Street Journal article reported December 31, 2004, that Riggs had extensive ties to the CIA, including that several bank officials held security clearances. Riggs and its executives denied any wrong-doing
American Justice at its finest!
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