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Reuters: Full Tilt Poker, Pokerstars and Absolute Poker charged with illegal gambling Reuters: Full Tilt Poker, Pokerstars and Absolute Poker charged with illegal gambling

04-16-2011 , 06:12 AM
Quote:
Originally Posted by Deuc3s
Okay guys,

Im in Europe, I really couldnt be bothered reading all this. I have around 8k on the stars, should I be cashing out or what?
Doesn't affect European players, but if you're concerned I'm sure you can cash out and let us know how it goes for you in attempting to do so.
04-16-2011 , 06:12 AM
Quote:
Originally Posted by Deuc3s
Okay guys,

Im in Europe, I really couldnt be bothered reading all this. I have around 8k on the stars, should I be cashing out or what?
i couldnt be bothered about your 8k either
04-16-2011 , 06:13 AM
I just tried if I can withdraw. It took like 20 seconds to get $50 off stars over to Moneybookers. I'm in switzerland btw.
04-16-2011 , 06:13 AM
Quote:
Originally Posted by Deuc3s
Okay guys,

Im in Europe, I really couldnt be bothered reading all this. I have around 8k on the stars, should I be cashing out or what?
I'm in your situation too, and my PERSONAL opinion is that you SHOULDN'T withdraw them as of right now. Panic-withdrawals are never a good idea, and you might risk your money ending up right in the middle of this, since the payment processers are being prosecuted as well. Your money is most likely guaranteed in the end, but I highly doubt Stars keep all the funds liquid at all times, so when everybody suddenly tries to withdraw they can't get the right money to the right player instantly.

I would wait, and play on as usual, until this all blows over. The gov't wont seize your money, don't worry.
04-16-2011 , 06:13 AM
Quote:
Originally Posted by sexyjesus
Is FTP in serious troubles???

I can't log in, says couldn't download update
me too
04-16-2011 , 06:15 AM
Quote:
Originally Posted by Deuc3s
Okay guys,

Im in Europe, I really couldnt be bothered reading all this. I have around 8k on the stars, should I be cashing out or what?
no reason to cash out
04-16-2011 , 06:15 AM
Hey 2+2, im not expert but im thinking this:

Since there is so sick much money involved isn’t it logical that all PS and ftps servers/data/program/system and what not will be seized as well shortly, making the sites go completely offline? And possibly the only reason some people are able to access software/cashier now is because it takes time for the legal process to reach the respective country’s where that’s stored?...

And if not wont they have a huge problem with dep/cashouts in the future anyways because the company’s who where handling the money is now charged for exactly that, and from a legal perspective wont it look terrible if they create a new setup while this case is going? Like, wouldn’t that underline the prosecutors base argument?

The investigation will also be so major with the new amount of data accessible and European countrsy/banks will be involved for sure. The exact way they are operating will be brought out in the light and what banks will want their business now? no one (not a safe one at least)

And thinking from a non poker industry perspective, if lets say CNN was charged with money laundering and all sorts of stuff in US I don’tt think they would be able to carie on their European operations as normal.. (where some places poker is as illigal as in US if not more).. There are also actually regulations and laws in place that would prohibit a business convicted of some of these charges from even operating anywhere if im not mistaken..

Also I kinda feel like that if PS and FTP thought that things where going to be okay they would have shutdown clients totally hindering anyone to access cashiers and release a statement saying that the all player balances is safe and that they will reopen shortly (this would make sense because now 95% of all players are trying to withdraw)

However that’s not what they have done, they have made no statementnt as im aware of or in any other way tried treassurere people tha EU players at least are not affected. Which just makes me think very soon when the servers are down and all the bank accounts locked, someone just won the "Friday billion" (SPOILER: US government) And beacuse of this the sites are trying to get players moneys out, quickly.
04-16-2011 , 06:15 AM
Quote:
Originally Posted by grekbuddy
me too
happened to me too, but then i tried a 2nd time and it worked
04-16-2011 , 06:16 AM
Just shut down my Full Tilt client for what may be the last time. I actually feel a little numb, and poker is only a part time thing for me. Can't imagine what some of you guys are feeling. I wish everyone the best of luck and hope we make it through this mess. Hopefully this forces online poker to be regulated and officially legalized in a reasonable amount of time. Sadly, I don't envision a future for Full Tilt or Stars in the U.S. market.
04-16-2011 , 06:16 AM
This is so ****ing disgusting, I feel for all you guys, would be so gutting to not be ALLOWED to play online poker, or get YOUR MONEY!

I really hope you guys can band together against your increasingly tyrannical government before you all have microchips inserted in your heads to keep track of you all

F the USA government, so gutted
04-16-2011 , 06:17 AM
Quote:
Originally Posted by ratslla
I just tried if I can withdraw. It took like 20 seconds to get $50 off stars over to Moneybookers. I'm in switzerland btw.
Switzerland also, struggling to get my money on MB, then again it's a lot more than $50..
04-16-2011 , 06:17 AM
I live in Europe and really feel bad for US players, I hope you guys all get your money asap.
I already cashed out mine just in case, but still pending...
04-16-2011 , 06:19 AM
Quote:
Originally Posted by Kamikam
Switzerland also, struggling to get my money on MB, then again it's a lot more than $50..
well i got a lot more in my account, just didnt want to try a few k's.
transfer went smooth. moneybookers is safe right?
04-16-2011 , 06:20 AM
So, I started playing my 2nl tables (balllaaaaaaaaa, ik), and decided to check if the My Promotions tab from cashier was working, so I could check on my take 2 points, but I'd been getting an error message all afternoon (you know the one from where sites have changed names or w/e, and chrome assumes it's been hacked etc). I decided **** it, lets proceed anyway, my comps already got a virus lol. Got this:



Interesting, what's the go with this?
04-16-2011 , 06:21 AM
I wonder if years from now is any of us are going to have dumb dreams where we're still playing at stars or tilt. Kind of like how I still get dumb dreams about being back in school or (ugh) at one of my old jobs.
04-16-2011 , 06:22 AM
Quote:
Originally Posted by JimbozGrapes
The ****ing sky is falling.

..., but I do think it has about a 90% chance of being fine for all non-US players, and about a 75% chance of being fine for US players.
....

I would bet that it is not and will not be fine for US players at all.


Party Poker has been out of the USA market for 5 years voluntarily and had to pay hundreds of mirrions to the DOJ.


Now imagine what will happen to Stars/Tilt since they gave the DOJ the finger for all these years. They will be burned to the ground. Isai/Bitar are being hunted as criminals by the DOJ with heavy fines and prison time on multiple charges.


This is the opposite of being fine. This is way worse than UIGEA.
04-16-2011 , 06:22 AM
Quote:
Originally Posted by magisk
Since there is so sick much money involved isn’t it logical that all PS and ftps servers/data/program/system and what not will be seized as well shortly, making the sites go completely offline? And possibly the only reason some people are able to access software/cashier now is because it takes time for the legal process to reach the respective country’s where that’s stored?...
I'm no expert but I can't imagine that either the IoM or Irish authorities would allow a bunch of Americans to seize equipment and put their citizens out of a job until they have at least won a case.
04-16-2011 , 06:23 AM
honestly..

how LONG do you think it'll take to get through this mess?

months? years? probably the latter im guessing :/
04-16-2011 , 06:23 AM
Quote:
Originally Posted by shinyshiner
I wonder if years from now is any of us are going to have dumb dreams where we're still playing at stars or tilt. Kind of like how I still get dumb dreams about being back in school or (ugh) at one of my old jobs.
Like Party Poker? Yeah I think so..
04-16-2011 , 06:24 AM
Scott Matusow just posted this, it might shed some light for players in other countries & why you should be concerned --

http://makepokerlegal.com/blog/2011/...ed-with-fraud/
04-16-2011 , 06:25 AM
Quote:
Originally Posted by magisk
Hey 2+2, im not expert but im thinking this:

Since there is so sick much money involved isn’t it logical that all PS and ftps servers/data/program/system and what not will be seized as well shortly, making the sites go completely offline? And possibly the only reason some people are able to access software/cashier now is because it takes time for the legal process to reach the respective country’s where that’s stored?...

And if not wont they have a huge problem with dep/cashouts in the future anyways because the company’s who where handling the money is now charged for exactly that, and from a legal perspective wont it look terrible if they create a new setup while this case is going? Like, wouldn’t that underline the prosecutors base argument?

The investigation will also be so major with the new amount of data accessible and European countrsy/banks will be involved for sure. The exact way they are operating will be brought out in the light and what banks will want their business now? no one (not a safe one at least)

And thinking from a non poker industry perspective, if lets say CNN was charged with money laundering and all sorts of stuff in US I don’tt think they would be able to carie on their European operations as normal.. (where some places poker is as illigal as in US if not more).. There are also actually regulations and laws in place that would prohibit a business convicted of some of these charges from even operating anywhere if im not mistaken..

Also I kinda feel like that if PS and FTP thought that things where going to be okay they would have shutdown clients totally hindering anyone to access cashiers and release a statement saying that the all player balances is safe and that they will reopen shortly (this would make sense because now 95% of all players are trying to withdraw)

However that’s not what they have done, they have made no statementnt as im aware of or in any other way tried treassurere people tha EU players at least are not affected. Which just makes me think very soon when the servers are down and all the bank accounts locked, someone just won the "Friday billion" (SPOILER: US government) And beacuse of this the sites are trying to get players moneys out, quickly.
Well, they did lock all of the US players from withdrawing money, if you have been following the forum at all. As well, they did have a notification on both sites saying that the money would be fine (although even if the money WASN'T fine, they would probably say that anyways).

Legally, from what I have been reading, them seizing all of the money on all the sites is just absurd. They (the poker sites) have definitely taken precautions to make sure every ones funds cant be seized (so we are told).

To think about this logically though, why would the US government be able to seize the funds of millions of players playing in a world-wide online site that have nothing to do with US regulations or laws? The thought of them seizing the funds is just ludicrous, and there is no way they will be able to. To all the people that think your money isn't safe, you have nothing to worry about over this (unless you are a US citizen, in which case they may say you were playing illegally, however no one was playing illegally, so I doubt that will happen. The thing that was illegal was just what the owners did, and so they are, or should be, the only ones being charged.). As far as non-US players, if other countries start following suite we may be ****ed as well, but for the time being it should be fine.
04-16-2011 , 06:25 AM
Imagine what someone like Galfond is feeling. The guy has no sponsorship, just makes his income grinding it out. Multi-million dollar penthouse/loft to pay for in NYC, no source of income, no sponsorship to lean on. I'm sure guys like Dwan, PA, etc. can cut deals with FT if they end up having to leave the team (severance packages of sorts). Galfond... screwed.
04-16-2011 , 06:26 AM
Quote:
Originally Posted by JimbozGrapes
The ****ing sky is falling.

Seriously though, I have been reading forums for the last 5ish hours and basically

-DOJ is in the right, the owners of these sites horribly broke the law (which they had to because the law was ****ed up to begin with).
-50/50 for everyone on whether or not to cash out. (for people that think you should, lots of people don't want to because there are maximum deposit limits, so it could take months to get 20k on a site)
-Lots of people can, and lots of people can't withdraw funds. General consensus in non-US countries is that a **** ton of people are trying to withdraw and its flooded. So wait, or keep trying and it will eventually get through?
-Phil Galfond is selling his slide
-A number of people are wasted right now because of this and can't seem to turn off caps lock
-US players are ****ed for the time being, and really have nothing to do but wait until further updates
-Full tilt has an update that lots of people can't get to work (presumably this update is to stop US players from playing real money games, it worked fine for me and I am in Canada)
-Seemingly consensus is also that for the most part peoples money is going to be safe, and after the **** storm blows over everyone will be able to withdraw their funds if the sites get shut down.
-Lots of pros are tweeting random **** that doesn't really help at all
-Pokerstars released a notification in-client that says not to worry, but people are skeptical over it, because they would say that even if 90% of funds were being seized or w/e.
-In my personal opinion after reading all of this, don't worry over it, it is not in our hands, but I do think it has about a 90% chance of being fine for all non-US players, and about a 75% chance of being fine for US players.


Here are some useful and informative links on the matter, take them as they are. Lots of people are gonna troll over this.

http://www.businessinsider.com/boy-g...scandal-2011-4

http://twitter.com/#!/ESPN_Poker

http://sports.espn.go.com/espn/poker...ory?id=6362238

http://www.scribd.com/doc/53107543/I...itar-Tom-et-al



also this
http://www.ustream.tv/channel/quadja...medium=8011069



And for all people in US who live of this and have to pay the bills next week etc. and don't have to much of an option - get account on a site that works for You and start grinding and wait this **** out, instead of doing anything stupid. Your not alone!
04-16-2011 , 06:26 AM
Quote:
Originally Posted by StraddleBet
Scott Matusow just posted this, it might shed some light for players in other countries & why you should be concerned --

http://makepokerlegal.com/blog/2011/...ed-with-fraud/
link not working.sry
04-16-2011 , 06:26 AM
Just chiming in to wish my US buddies gl

      
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