Quote:
Originally Posted by Gioco
This could have been an excellent article, if she had stuck to the facts rather than hyperbole, the article paints a picture of a sudden raid on internet poker sites occurring without warrant, when in fact more was seized pre-BF than on BF, in a systematic warranted process with judicial review.
While everyone argues whether it a Ponzi or profitable or illegal gambling or blah blah blah, no one focuses on what really went wrong; they continued to operate in the US after BF because they (supposedly) believed they weren't violating any law, but when accounts were seized, they kept them on the books as assets that they would eventually recover, yet didn't take the required legal step of claiming innocent ownership.
They didn't contest the forfeitures obviously because the risk of losing future US deposits (if the court ruled the funds to be derived from unlawful gambling) far outweighed the gain they hoped to recover, so they didn't actually want their day in court.
This article is disingenuous, their fourth amendment rights were never denied, they simply chose not to exercise them, while continuing to balance their books as though they did.
The story that FTP wasn't a ponzi scheme needs to be told, and businesses willing to be taxed and regulated by the State should be allowed to offer online poker, but the people doing nothing more than enforcing the laws conservatives put on the books should not now be blamed by conservative columnists simply because their boss is now a liberal.