Open Side Menu Go to the Top
Register
April **** THREAD April **** THREAD

04-17-2011 , 12:36 AM
Quote:
Originally Posted by Roman
oh yea, they said they are getting together relocation information for their US players who want to continue to play on PS and also cashout info for those who want to leave. The guy on the phone didn't know all the innerworkings or details but seemed fairly confident about the info he was giving me.
Excellent news. Please keep us posted. Thanks!
04-17-2011 , 12:51 AM
lol @ people suggesting that the DOJ could lose in court because "poker is a game of skill".
04-17-2011 , 01:41 AM
Quote:
Originally Posted by ThePreacherJesse
lol @ people suggesting that the DOJ could lose in court because "poker is a game of skill".
yea, i never really understood what those people were saying.

however, it would be great if a judge got ahold of the case and was just like "wtf, poker obviously is a game of skill, why is this shiz illegal?" and it somehow opened a can of worms removing poker from the UIGEA
04-17-2011 , 01:51 AM
I think people outside US should try to play as much as they can for the time being. I feel like the poker sites need numbers support and also need to make $$$. I've also noticed that the games are good.
04-17-2011 , 02:44 AM
shhhhh
04-17-2011 , 03:00 AM
man im so ****** tempted to play in the FTOPS tomorrow. i haven't logged out of FT. assuming I don't disconnect (which would obv wreck me), you guys think itd be legit to play?

Andrew
04-17-2011 , 03:09 AM
you're probably freerolling the authority
04-17-2011 , 04:24 AM
Quote:
Originally Posted by BalugaWhale
man im so ****** tempted to play in the FTOPS tomorrow. i haven't logged out of FT. assuming I don't disconnect (which would obv wreck me), you guys think itd be legit to play?

Andrew
04-17-2011 , 04:28 AM
Quote:
Originally Posted by Priapus1
Do many of the high and medium stake pro's have the majority of their liquid wealth online?
I'm realizing this is more the case than I thought. The highest profile guy I remember saying this is Galfond, though he probably has a nice amount of non-liquid even besides the famous slide condo.
04-17-2011 , 04:34 AM
Can anyone confirm that http://www.fulltiltpoker.co.uk/ is indeed the new URL for FTP? I can't update my software so I evidently need to dl it from there. I just want to make sure that is a legitimate FTP website and not some fake website set up to gather logins/passwords.
04-17-2011 , 05:11 AM
Its legit.
04-17-2011 , 06:25 AM
Quote:
Originally Posted by ThePreacherJesse
lol @ people suggesting that the DOJ could lose in court because "poker is a game of skill".
Believe it.

http://forumserver.twoplustwo.com/sh...4&postcount=39
04-17-2011 , 06:27 AM
Because i know HSNL digs Rogan

04-17-2011 , 07:24 AM
so its really going down big in court? this might be epic. popcorn.png
04-17-2011 , 07:50 AM
Quote:
Originally Posted by aejones
yea, i never really understood what those people were saying.

however, it would be great if a judge got ahold of the case and was just like "wtf, poker obviously is a game of skill, why is this shiz illegal?" and it somehow opened a can of worms removing poker from the UIGEA
One doesn`t have to prove its a game of skill, just not a game of "chance". I say this because the word "chance" is usually reserved for lotteries etc. in US laws. There can still be quite a degree of chance involved in the game. Most lawyers are agreed the legislation is drafted quite badly so this could swing either way. Fwiw if the activity is held to be legal, no charges can be made for money laundering as a result
law student
04-17-2011 , 07:53 AM
anybody had bank transfer accepted on FTP

made big withdrawal but no confirmation email has been sent, and FTP are ignoring my emails.

all the money is out my cashier and the withdrawal is in my transfer history
04-17-2011 , 09:06 AM
Quote:
Originally Posted by Dave47
One doesn`t have to prove its a game of skill, just not a game of "chance". I say this because the word "chance" is usually reserved for lotteries etc. in US laws. There can still be quite a degree of chance involved in the game. Most lawyers are agreed the legislation is drafted quite badly so this could swing either way. Fwiw if the activity is held to be legal, no charges can be made for money laundering as a result
law student
Whichever way this goes, and whatever does or doesn't get argued, it will no doubt take many months, if not years to sort out. In the meantime, we U.S. players just want our money.

I don't have much online, and although it will hurt to lose it, I can get by without it if it comes to that. There are people who have made their livings at this game for years and have substantial portions of their net worth online.

Something needs to be resolved quickly in regards to the player funds. I saw a post earlier that PS has been contacting some of the high limit players. That's a good sign. Of course FT hasn't been seen nor heard from that I've seen yet. That's not such a good sign.

We players just want our money. After that PS/FT/AP can argue in court for years if they want, and if this all somehow results in the UIGEA being modified or overturned and poker becomes OK to play in the U.S., then so much the better.
04-17-2011 , 10:58 AM
Quote:
Originally Posted by Dave47
One doesn`t have to prove its a game of skill, just not a game of "chance". I say this because the word "chance" is usually reserved for lotteries etc. in US laws. There can still be quite a degree of chance involved in the game. Most lawyers are agreed the legislation is drafted quite badly so this could swing either way. Fwiw if the activity is held to be legal, no charges can be made for money laundering as a result
law student
but even if that happens, it wont get them off the fraud charges i think
04-17-2011 , 12:04 PM
LOL America. GG.
04-17-2011 , 12:36 PM
Quote:
Originally Posted by Dave47
One doesn`t have to prove its a game of skill, just not a game of "chance". I say this because the word "chance" is usually reserved for lotteries etc. in US laws. There can still be quite a degree of chance involved in the game. Most lawyers are agreed the legislation is drafted quite badly so this could swing either way. Fwiw if the activity is held to be legal, no charges can be made for money laundering as a result
law student
the gov does not give a flying owl. they just want their three billion dollars. there a zillion contradictions in our legal system. why are drugs illegal and alcohol legal? oh because some judge/congress said so. logic need not apply.

the way ps and ftp carried on in the usa and with their fraudulent payment systems playgolf.biz etc it just seems like their chances of winning in court are close to zero. and how can they even go to court unless their officials come to stand trial? that will never happen.

Stars will make a decision on whether it is +/-EV to pay or not. that is that. remember, the party owners went public so that the losses to the US government were minimized to the owners themselves. they figured, what does it matter if i am worth 3b or 2.5b let's just pay them off. hopefully stars does as well.
04-17-2011 , 02:09 PM
Quote:
Originally Posted by TGSM89
anybody had bank transfer accepted on FTP

made big withdrawal but no confirmation email has been sent, and FTP are ignoring my emails.

all the money is out my cashier and the withdrawal is in my transfer history
not only is it the weekend, meaning the banks aren't going to do ****, but it's probably the busiest weekend of emails ftp's had in history. wait a day or two more.
04-17-2011 , 02:34 PM
Quote:
Originally Posted by Raidan909
but even if that happens, it wont get them off the fraud charges i think
Yes the investment in the banks for payment processing and the apparent bribery that occurred are an issue- however the DOJ makes it sound as if the sites somehow invested in the banks in a secretive manner when in fact usually the whole board has to approve such an investment
04-17-2011 , 02:52 PM
Quote:
Originally Posted by Dave47
Yes the investment in the banks for payment processing and the apparent bribery that occurred are an issue- however the DOJ makes it sound as if the sites somehow invested in the banks in a secretive manner when in fact usually the whole board has to approve such an investment
The bribery is not clear. The money laundering is not clear. The online gambling charges/UIGEA charges are not clear.

What is clear is the fraud. They systematically fraudulently represented transactions.
04-17-2011 , 03:13 PM
lol local news just came over and interviewed me, asked me to play, i play like 10 hands of 5/10 and make 1k on FULL TILT POKER lololol fml fml fml play money
04-17-2011 , 03:39 PM
Quote:
Originally Posted by Dave47
One doesn`t have to prove its a game of skill, just not a game of "chance". I say this because the word "chance" is usually reserved for lotteries etc. in US laws. There can still be quite a degree of chance involved in the game. Most lawyers are agreed the legislation is drafted quite badly so this could swing either way. Fwiw if the activity is held to be legal, no charges can be made for money laundering as a result
law student
Dear Law Student -

As far as I know, almost everything in your post is incorrect. OK, I take that back, really where there are huge errors is this section:

"One doesn`t have to prove its a game of skill, just not a game of "chance". I say this because the word "chance" is usually reserved for lotteries etc. in US laws. There can still be quite a degree of chance involved in the game."

Which is factually inaccurate, I believe, in each claim. (signed: someone who has professionally researched this issue.)

Noah has already posted about the fact that the Fraud claims are quite major, several times.

(I'm not going to currently post more about the UIGEA claims/what happens if there's a trial, a plea, etc to either the individuals or the companies, as that's all very complicated and I'm not on top of it.)

FWIW, having spoken to a couple lawyers about this, their assumption as to the conclusion here is that no one involved in this suit ever gets to a trial, and all plea out. Unclear what the resulting effects for the companies will be, with answers ranging from "some large fines" to "never being allowed to operate in this country again" (even if licensing happens for other parties in the industry).

      
m