Reuters: Full Tilt Poker, Pokerstars and Absolute Poker charged with illegal gambling - Page 130 - Poker News

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

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04-16-2011 , 10:46 AM

#3226

BluffaloBull

journeyman

Join Date: Oct 2007 Posts: 285

Quote:

Originally Posted by Fold 4 Value

lol at all the people that thought this bs would go away with the new administration

the socialists were pissed they were not getting a cut of this money

Errrrr: Bush Administration moving to push through last-minute UIGEA regulations

The rest is just law enforcement.

04-16-2011 , 10:46 AM

#3227

Stakes1

stranger

Join Date: Apr 2011 Posts: 10

So unbelievable. What about other sites not mentioned in the Indictment? What, is Big Poppa gonna have to defend?

04-16-2011 , 10:47 AM

#3228

mojo6911

veteran

Join Date: Feb 2008 Posts: 2,979

Quote:

Originally Posted by APhantomHand

and fu to all the f*cktards spazzing out over whether to cash out their $850 roll or not...I play for a living and have a substantial amount tied up now...and Im double screwed because I was waiting until this weekend to make a withdrawal to pay my taxes...now I cant even do that, yes I know....not wp

Money management, FTW!

04-16-2011 , 10:47 AM

#3229

AlligatorBloodFTW

banned

Join Date: Feb 2010 Posts: 6,425

I got **** faced last night and never came home aka never shut down my comp aka still have ftp open aka can still play aka I live in Dallas aka should I keep it open forever and be the only US citizen still playing online poker?

04-16-2011 , 10:48 AM

#3230

Garick

Oberbiergenießer

Join Date: Dec 2007 Posts: 27,341

Quote:

When the stampede starts it will be evident that gold was still cheap at these levels.

And when the stampede ends, a lot of scared idiots will realize that gold has barely any more intrinsic value than the dollar. Just like the dollar, it only has value because people believe it does. You can't eat it. You can only trade it to people who want it. Since there are very few uses for gold other than "having it," the law of supply and demand must eventually get away from emotion and back to cost-benefit.

Might gold climb more before that happens, even a lot more? You bet! Never underestimate the power of human stupidity. But eventually the market will come crashing to its senses and gold will look just like Dutch Tulip Bulbs in the 17th century, still pretty, but not worth much.

04-16-2011 , 10:49 AM

#3231

Money4Aces

grinder

Join Date: May 2008 Posts: 542

As I said 20 pages ago in this post...

The PPA has made gigantic strides in 2010 and is building up for its biggest year yet for 2011.

then I followed it up with a lol and added a z to the end.

LOLZ

04-16-2011 , 10:49 AM

#3232

bbfg

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 12,264

Quote:

Originally Posted by AlligatorBloodFTW

I'm sure if you play you'll get tons of attention

04-16-2011 , 10:50 AM

#3233

chrismo34

stranger

Join Date: Apr 2011 Posts: 10

Just un installed and re installed using the link on Fulltilt.co.uk and have been able to log in and there are cash games being played which is great to see..

Hopefully Fulltilt can at the very least keep going outside of the USA! Good luck to the US players getting your money back

04-16-2011 , 10:52 AM

#3234

Fold 4 Value

enthusiast

Join Date: Jan 2006 Posts: 65

Quote:

Originally Posted by BluffaloBull

Errrrr: Bush Administration moving to push through last-minute UIGEA regulations

The rest is just law enforcement.

The current administration could have just ignored that like they have in other cases.

04-16-2011 , 10:54 AM

#3235

Quasar30

old hand

Join Date: Apr 2008 Posts: 1,866

Quote:

Originally Posted by jamesgre

Pokerstars is saying that for players outside US its business as usual, but for US players all real money play has been disabled

I get this email when trying to cash out

"
Deposit and Cashout Transactions are currently disabled in your account due to the result of a routine security investigation.

We do not mean to imply any wrongdoing, however, please understand that we have to make security checks routinely to make sure that PokerStars remains a safe and secure environment for its players.

For information on how to clear your account, please email "PokerStars Security" <security@pokerstars.com>."

04-16-2011 , 10:54 AM

#3236

Pls try to bluf

adept

Join Date: Apr 2010 Posts: 700

mine is still up as well.. ive been playing lol fml to cashing out though

04-16-2011 , 10:55 AM

#3237

kilmarta

adept

Join Date: Aug 2007 Posts: 985

Quote:

Originally Posted by fo0od

just curious, how many percent of the PS and FTP players are from US on average?

i heard 25% for stars, 40% for tilt

Quote:

Originally Posted by tanka1

Just to say I am in Ireland and could use FT no problem until an hour ago I tried to open and it said I need and update and as I clicked the link then it could not download.
So I am not in America and now cant even access the site let alone funds. WTF

ireland as well, go to co.uk site and download new client, everything running fine for me except iron man page so cant get to my bonus medals, but i expect that is just until they reroute the page addresses away from .com

04-16-2011 , 10:55 AM

#3238

asthenic

enthusiast

Join Date: Mar 2011 Posts: 84

Quote:

Originally Posted by crashwhips

He outright stole from the poker sites, then snitched on them, after the sites had made him rich, so yeah, I'd say he deserves the hate.

So wait the fraud the sites were doing to cover their tracks is cool, but him ripping off these fraud sites... thats just bad man.

Seriously? i dont blame this dude for raping stars / ftp at all. I severly doubt that anyone is hating on him because he took money from stars / tilt.

They made the stupid decision of trying to rat HIM to feds and didnt realize that he would obviously turn on them when hes facing NO BAIL and 75 year term... and hes a 20 something millionaire.

Dude might die soon, but hardly a proper target for hate. The only hate here should be that these sites thought they were above laws and statutes and in their greed to get money quicker faster and easier ran giant fraud schemes so u could hit "E-CHECK" and ect.

04-16-2011 , 10:56 AM

#3239

JMX

old hand

Join Date: Mar 2007 Posts: 1,720

Quote:

Originally Posted by Tommy_Ho

Here is your basic cliff notes of Black Friday:

http://calvinayre.com/2011/04/16/leg...atest-updates/

Cliffs:

✖ In the day’s least surprising news, those US land-based casino giants are all disavowing the online poker deals they struck just weeks ago. Wynn Resorts says it has “terminated” its deal with PokerStars, while Fertitta Interactive says its deal with Full Tilt was always contingent on the poker company getting a US gaming license, and so the deal has thus “expired.” We take that definition as having nothing to do with anything time-related, but more to do with the ‘breathing its last’ connotation.

✖ Full Tilt’s CEO Raymond Bitar has released a statement saying he is “surprised and disappointed by the government’s decision to bring these charges,” although he is looking forward “to my exoneration.” In the meantime, Full Tilt recognizes that it “must suspend ‘real money’ play in the US until this case is resolved.”

✖ PokerStars has also suspended US real money play and changed the default URL on its associated sites to PokerStars.eu. Money transfers have also been disabled. ESPN’s Andrew Feldman is speculating that the affected poker sites will shut down across the globe within 48 hours.

✖ Chad Elie, the payment processing figure (and former Intabill staffer) arrested in Nevada, appeared in US Magistrate Court in Las Vegas on Friday, and was subsequently released on his own recognizance (and, presumably, that of his FBI shadow) with a hearing scheduled in a New York court for this Tuesday (19th).

✖ Richard Perkins, the former Nevada politician and current PokerStars lobbyist, claims the push to pass the PokerStars-sponsored intrastate poker legislation AB 258 will soldier on despite the day’s events, as the bill “is not just about this company, it is about the policy of this state.”

✖ The Poker Players Alliance released a statement saying, in part, they were “shocked” by the DoJ’s actions. The PPA was good enough to note that “online poker is not a crime” but that’s not exactly what the DoJ is alleging here.

✖ Former Intabill head Daniel Tzvetkoff – who handled hundreds of millions for PokerStars, Full Tilt and others, plus allegedly funneling millions more into his own pockets — is being fingered as the canary singing loudest into DoJ ears. (Australia’s Courier Mail has a feature detailing the payment processing boy-wonder/Icarus and his subsequent fall from grace.)

✖ The scope of the internal company emails the DoJ has in its possession appears formidable. Our current personal favorite is the Sept. 29, 2009 message in which John Campos, the SunFirst Bank vice-chairman arrested in Utah on Friday, refers to a lawyer warning Campos of the risks involved in processing online gambling payments as a “wet blanket.”

✖ Among the details revealed in the emails is the wide variety of e-commerce websites used by the poker sites to handle transactions, including sites purporting to sell flowers, pet supplies, golf clubs, bicycles, clothing and/or jewelry. There was also a Green2YourGreen site that claimed to be a “direct sales” business in which consumers purchased enviro-friendly household products for resale to other customers in return for commissions. The site allegedly went as far as to include bogus ‘testimonials’ from satisfied customers re the green products. A DoJ sting apparently had two gamblers send queries to these phony co’s customer service re the charges that appeared on their bank statements, only to receive replies sent from PokerStars’ customer service.

✖ Worse, these emails directly indicate the poker companies’ complicity in these schemes, with PokerStars documents admitting that they were employing company names that “strongly imply the transaction has nothing to do with PokerStars” and that they used whatever names “the processor can get approved by the bank.”

✖ Is anyone buying the DoJ claim that these poker companies took in “one-third or more of the funds deposited by gamblers” via the rake? Makes the French regulated market look positively generous.

✖ It remains to be seen how foreign governments will react to the DoJ’s call for arrests of the indicted figures living outside the US, and for assets abroad to be seized.

✖ Finally, a big thumbs-down to FBI Assistant Director-in-Charge Janice K. Fedarcyk, who decided to pepper her statement to the press with poker-related terminology. To wit: “These defendants … tried to stack the deck. They … bet the house that they could continue their scheme, and they lost.” Epic humor fail, Jan

This should get stickied.
Also, all trolls should be banned without warning.

04-16-2011 , 10:56 AM

#3240

redCashion

veteran

Join Date: Feb 2006 Posts: 2,443

Is there any word from UB in all fo this?

04-16-2011 , 10:58 AM

#3241

trantortroll

banned

Join Date: Sep 2009 Posts: 196

I have a full tilt check in hand. Should I cash it or will it bounce?

04-16-2011 , 11:00 AM

#3242

fo0od

centurion

Join Date: Apr 2010 Posts: 178

Quote:

Originally Posted by kilmarta

i heard 25% for stars, 40% for tilt

tyvm!

man this is gonna be real messy, wonder what things will look like when things settle down.

damn the posts are coming in faster than I can read

04-16-2011 , 11:00 AM

#3243

BlitzPlayer

Carpal \'Tunnel

Join Date: Nov 2009 Posts: 8,532

posting in what will be the biggest thread of all time

04-16-2011 , 11:01 AM

#3244

~red0nkulous

old hand

Join Date: Nov 2008 Posts: 1,358

If the US gov decides to regulate play on online sites, would they tax the money going in or coming out? Or both

Guess I'll be playing live a lot more now, probably better off.

04-16-2011 , 11:02 AM

#3245

GambIer

centurion

Join Date: Jun 2009 Posts: 197

217th page

04-16-2011 , 11:02 AM

#3246

Pls try to bluf

adept

Join Date: Apr 2010 Posts: 700

so where and when are we all rallying at?

04-16-2011 , 11:02 AM

#3247

Tisuca

newbie

Join Date: Dec 2009 Posts: 28

PartyPoker will probably be Poker Site No.1 after this hit received by the US sites.

04-16-2011 , 11:02 AM

#3248

Mrtrebus

Pooh-Bah

Join Date: Jun 2007 Posts: 4,963

Quote:

Originally Posted by AlligatorBloodFTW

Probably get booted with a server restart in a couple of days

04-16-2011 , 11:02 AM

#3249

Money4Aces

grinder

Join Date: May 2008 Posts: 542

THE MAN THE MYTH THE LEGEND....

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

04-16-2011 , 11:02 AM

#3250

~red0nkulous

old hand

Join Date: Nov 2008 Posts: 1,358

Quote:

Originally Posted by Pls try to bluf

so where and when are we all rallying at?

A million hand march?

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