Open Side Menu Go to the Top
Register
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 , 01:05 PM
Quote:
Originally Posted by Shotglass
@ Allways rivers me: Was that contained in the press release or just the actual indictment?
Actual indictment.
04-16-2011 , 01:05 PM
Quote:
Originally Posted by YouWishFish
/Facepalm...
I'd love to have your problems
04-16-2011 , 01:06 PM
Quote:
Originally Posted by Always Rivers Me
You guys are missing a HUGE part of this......

I think it's more than just a scoop of the cash. I read the Federal indictment last night, and I will quote a part that really stood out:

"The defendants shall forfeit to the United States....All the defendants' rights, title, and interests in the following entities and businesses:

1. Pokerstars,
2. Full Tilt Poker,
3. Absolute Poker,
4. Ultimate Bet,
5. Oldford Group ltd.,
6. Rational Entertainment enterprises ltd.,
7. Pyr software ltd.,
8. Stelekram ltd.,
9. Sphene International ltd.,
10. Tiltware ltd., "

And it lists another dozen companies, too.

Now, I am not an attorney, but this clearly sounds like The Federal Government is attempting to seize the ENTIRE POKER COMPANIES and their software, and not just the $3 billion in cash.

I think this part of the indictment is being overlooked.

What say you guys?
yes, thats why other poker rooms like partypoker did not want to mess with US players because if US DOJ was gonna come after them is not just to shut down US player service they are coming after everything.
04-16-2011 , 01:06 PM
Quote:
Originally Posted by gaiachaos
Looks like there was a federal informant within PS/FT after all. These poker corporations are stupid, they should never hire someone with a criminal background.

US players: Your money is gone.
Yah, except your money is held by a foreign banking institution, in your name, not under the jurisdiction of the US totalitarian government. As long as the foreign banking institution does not "give in" to US pressure we will all be fine.

The US government is in desperate times, its broke, and on the verge of a currency meltdown. They will leave no stone unturned, perceived threat or real, in its final death throws to save itself from insolvency.
04-16-2011 , 01:06 PM
OK, If someone has made this point during the 226 pages, I apologize, I haven't read every single post. I've mostly read a bunch of crap about how we could never trust THEM and the HORRIBLE crimes they were committing (money laundering).

Dudes and dudettes WAKE UP. They were doing this to get all our payments to us in a timely manner. I'd bet the same people who are complaining about how we could never trust THEM are the same people who complained about how long and it took to get a payout and what a hassle it was.

Folks you can't have it both ways. They did this to serve us - the customers, and yes to make a profit. As poker players we understand the profit motive, no? If you trusted them enough to play there and they are in trouble for making efforts to get you your money in a timely manner then stand behind them!

'nuff said.

About that term money laundering – that’s how the DOJ spins the challenges the companies have faced in providing customer payouts in a timely manner. You see I can also call everyone on this forum a drug user and easily pass a lie detector because I know for a fact that at some point in your lives you have taken (forgive all spelling errors) acetylsalicilic acid (aspirin), acetominophen (tylenol), caffeine (coffee, tea, coke, pepsi, redbull, and yes it is a drug... and a nice one), ETOH (booze), or any one of the myriad prescribed medicines for allergies, diabetes, random illnesses, etc... Spin.

We've known for a long time there have been troubles with payment processors, that's why there are stickies saying not to name the payment processors. The DOJ calls the process money laundering. And you are a drug user (but not what most people think of when they say "drug user"). Spin.

Let's hope this storm blows over quickly, especially for the full time grinders.
But, unfortunately, there's no question now that we need regulation - and quickly, when this BS can happen at any moment.
04-16-2011 , 01:07 PM
Quote:
Originally Posted by centrality82
This must be a joke? Those sites are so well established!
ever heard of ENRON
04-16-2011 , 01:07 PM
Quote:
Originally Posted by cfortiz
yes, thats why other poker rooms like partypoker did not want to mess with US players because if US DOJ was gonna come after them is not just to shut down US player service they are coming after everything.
That's what is sounds like to me, too. EVERYTHING.

The entire company, the software, all of it.

Crazy.
04-16-2011 , 01:07 PM
Quote:
Originally Posted by Always Rivers Me
You guys are missing a HUGE part of this......

I think it's more than just a scoop of the cash. I read the Federal indictment last night, and I will quote a part that really stood out:

"The defendants shall forfeit to the United States....All the defendants' rights, title, and interests in the following entities and businesses:

1. Pokerstars,
2. Full Tilt Poker,
3. Absolute Poker,
4. Ultimate Bet,
5. Oldford Group ltd.,
6. Rational Entertainment enterprises ltd.,
7. Pyr software ltd.,
8. Stelekram ltd.,
9. Sphene International ltd.,
10. Tiltware ltd., "

And it lists another dozen companies, too.

Now, I am not an attorney, but this clearly sounds like The Federal Government is attempting to seize the ENTIRE POKER COMPANIES and their software, and not just the $3 billion in cash.

I think this part of the indictment is being overlooked.

What say you guys?
and directly after that it says that if particular assets are unable to be forfeited (say due to international issues) then personal assets will be seized to make up for the $2bil they are seeking in the criminal indictment (+ w/e in the civil suit)

so basically who knows at this point
04-16-2011 , 01:07 PM
Quote:
Originally Posted by lolwomenaments
So help me God if another person in this thread bashes Obama for what's going on right now I will go insane.

UIGEA was signed into law in 2006.

Barack Obama was sworn in in 2008.

Honestly if you're going to bash people, at least bash the right people.. i.e. the conservatives and the DOJ.
Brobama said he would do something for us, actually. Kind of weird because politicians usually fulfill their promisses; not sure what happened this time...
04-16-2011 , 01:09 PM
Quote:
Originally Posted by CHAx
The US government is in desperate times, its broke, and on the verge of a currency meltdown. They will leave no stone unturned, perceived threat or real, in its final death throws to save itself from insolvency.
+1
04-16-2011 , 01:09 PM
Quote:
Originally Posted by CHAx
Yah, except your money is held by a foreign banking institution, in your name, not under the jurisdiction of the US totalitarian government.
Ask Saddam Hussein, Mubarak, Khaddfi, and Manuel Noriega how well that worked out for them.
04-16-2011 , 01:10 PM
Take a look at the new mtt guarantees (incl sunday majors)...
04-16-2011 , 01:10 PM
If you went back and read this entire thread you'd notice two things:

1) You are completely insane for subjecting yourself to that.

2) You'd see liberals convinced that this is all the republicans fault; and republicans convinced this is all "socialist" Obama's fault. When will people wake up and realize that these scumbags are pretty much all the same and neither party cares or does anything in the best interest of the people?

... that said it's totally the 'publicans fault that much is crystal clear.
04-16-2011 , 01:10 PM
Quad Jacks is back on
04-16-2011 , 01:11 PM
Quote:
Originally Posted by Prophet
Lots of government hate ITT, I guess understandably given the poor regulatory situation, UIGEA etc. But surely there should be some hate for PS/FT for shady shell company money laundering that put their customers in this situation?
No you idiot. They were forced into these sketchy procedures BECAUSE the DOJ was stealing money from them in the first place.

Cliffs for people who still don't understand what happened:


-DOJ steals Stars and FTP's money.

-Stars/FTP make deals with some banks to hide transactions so the DOJ can't steal their money.

-DOJ accuses Stars/FTP of fraud and money laundering.

-Land of the free
04-16-2011 , 01:11 PM
Quote:
Originally Posted by CHAx
As if there is ANY difference between big government liberals like Obama and big government conservatives like Bush. They both just want to take away your rights, just different ones and for different reasons. Small constitutionally constrained government is the ONLY solution to end the power of these corrupt authoritarians.
Best comment in here ive read so far!
04-16-2011 , 01:12 PM
FFFFFFFFFFUUUUUUUUU US GOV
04-16-2011 , 01:12 PM
Quote:
Originally Posted by Shotglass
Quad Jacks is back on
For Americans?

Do they want to be next?

The DOJ is seizing all the companies and their assets. What company is so stupid to commit the same crimes causing that to happen to the big 3?
04-16-2011 , 01:13 PM
Yea, Dutch is right. Why not try to take the money out? What's to lose?
04-16-2011 , 01:13 PM
Quote:
Originally Posted by Jeeraph
I'm actually not that worried about it. Once the Government figures out a way to get a bit of the rake, it'll open back up again.
That's real scary. Scary cuz it might be true. We don't have a clue what really goes on behind those closed doors, so sick.
04-16-2011 , 01:14 PM
Quote:
Originally Posted by Always Rivers Me
For Americans?

Do they want to be next?

The DOJ is seizing all the companies and their assets. What company is so stupid to commit the same crimes causing that to happen to the big 3?
Yeah, lookout the online streaming talk shows are next
04-16-2011 , 01:14 PM
Why isn't it a good idea to take money out? We don't know what's going to happen. So why not?
04-16-2011 , 01:14 PM
The worst part is I can't even grind live now. I always kept my poker roll separate from my real roll. FML.......
04-16-2011 , 01:15 PM
Quote:
Originally Posted by Shotglass
Quad Jacks is back on
Not for me, in US.
04-16-2011 , 01:15 PM
Dutch Boyd sounds like a fkn idiot who has literally not one ounce of a clue.

      
m