Reuters: Full Tilt Poker, Pokerstars and Absolute Poker charged with illegal gambling - Page 156 - 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 , 03:55 PM

#3876

uribarri

enthusiast

Join Date: Jul 2009 Posts: 60

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.

lol at thinking that the U.S. does not have any control over foreign bank account...even in YOUR name.

04-16-2011 , 03:55 PM

#3877

Roswell

adept

Join Date: Apr 2005 Posts: 926

I just received a check from FullTilt, one that I had requested two weeks ago. I will try to cash it and see if it clears.

04-16-2011 , 03:56 PM

#3878

drew13800

adept

Join Date: Dec 2008 Posts: 922

Quote:

Originally Posted by ivvaen

I just read on FTP's website that they have an eGaming license issued by the Alderney Gambling Control Commission. At the AGCC's site they have a FAQ with some info that can be relevant to us:

"Is my deposit safe?
AGCC licensees’ “suitability” is a matter of careful investigation and the jurisdiction prides itself on the exclusion of criminal influence. However casino players’ money may also be at risk from business failure. AGCC requires its licensees to advise players, clearly, of the separate protection status of the player fund deposits in the casino, within three categories:
“Not segregated” – this means that the operator has not segregated player funds from the company’s own funds. Player funds are therefore at risk in the event of a business failure.
“Segregated” – this means that the player funds are held in one or more accounts separate from the business’s own funds and that the interest of the players in the account/s is noted in the title of the account. This may provide protection in the event of a business failure.
“Segregated and protected” – this means that the player funds have been segregated and the Commission has been given reasonable assurance that the segregation is likely to be effective in protecting the player funds in the event of a business failure.
The player is able to see the relevant status on each casino licensed in Alderney. "

So where can we find out what category FTP is in?

I just cannot see a case that if this business fails and goes bankrupt anyone will see a dime of this money

04-16-2011 , 03:56 PM

#3879

Kevin B

banned

Join Date: Oct 2008 Posts: 837

Quote:

Originally Posted by mylthazz

2p2 should sticky that mcdonalds is hiring 50,000 people on april 19th

good timing for all those people who dropped out of college to play online poker, now you have options

They will also need more dealers in the brick and mortar card rooms.

04-16-2011 , 03:56 PM

#3880

PLO_Micro_Donkey

journeyman

Join Date: Jan 2010 Posts: 322

Quote:

Originally Posted by JimbozGrapes

Omg thank you. It is really starting to piss me off all of the people that don't know ****ing anything just being like ZOMG AMERICA IS TAKING ALL THE MONEYZ END OF STORY.

I will point out (again) that people thought *exactly* this about Swiss banking laws ("It will never happen, the U.S. government will never get s the Swiss to cave").

Ask the UBS customers on the hook for tens of millions in evaded taxes how well that all worked out for them.

04-16-2011 , 03:56 PM

#3881

10isgood

centurion

Join Date: Apr 2011 Posts: 183

Quote:

Originally Posted by Petulkos96

I live in Slovakia and here it's legal to play poker online but you have to pay a 20% tax of all your wins to the government and I believe it's the same in every country in the Eu.

Nope.

04-16-2011 , 03:57 PM

#3882

whydowe_fall

Fairy Tertsmother

Join Date: Apr 2009 Posts: 2,551

Quote:

Originally Posted by tarmangani

Stay on to try and be the Last American Standing.

I'm just going to go ahead and call last (US) Woman Standing on FT.

04-16-2011 , 03:57 PM

#3883

LetsGambool

banned

Join Date: Jan 2007 Posts: 26,568

Quote:

Originally Posted by drew13800

This....Partygaming tanked a week ago losing 33% or so over a course of a coiple days..while it was gaining a little momentum yesterday the fact that people had inside knowledge of this that long ago is more alarming then anything.

Why would this news have cost Partygaming 33% of its share price if known in advance? They're a winner in this.

04-16-2011 , 03:59 PM

#3884

tom_dwonk

old hand

Join Date: Dec 2008 Posts: 1,590

Quote:

Originally Posted by Destiniunbound

I think any legit business logic should be thrown out, considering the fact that the companies in question were clearly breaking fraud laws left and right. Unless you are the accountant for tilt /or stars, I'm thinking its safe to say that you have no idea how their books look. I would assume that the way that all of this is being kept track of may be just as shady as the way they were processing payments.

I know I will get flamed for this, and I strongly believe that they did what they had to do given the circumstances, but the simple matter here is they were committing fraud so we in the US (a huge share of the market) could deposit and cash out. A company who on a cash out relatively recently mis-represented themselves as a flower delivery service, or an ipod sales team...

Committing fraud in the US not every where in the world. Remember that. Last time i checked US laws do not apply to every country in the world nor are they a world police. Have had enough with this bs

04-16-2011 , 03:59 PM

#3885

piperstark

newbie

Join Date: Apr 2011 Posts: 24

QUICK tender anyone know if this is affeced? I have all of my money besides three grand in Quicktender

04-16-2011 , 03:59 PM

#3886

Get_better_Baris

adept

Join Date: Oct 2006 Posts: 829

HEY, i need some help i cant update the fulltilt client to even attempt to cashout. what can i do?

04-16-2011 , 03:59 PM

#3887

MorseStreet

enthusiast

Join Date: Apr 2011 Posts: 64

Quote:

Originally Posted by Roswell

I just received a check from FullTilt, one that I had requested two weeks ago. I will try to cash it and see if it clears.

I am in the same boat as you, my check should be here by Monday. Would be willing to let me know how it goes?

04-16-2011 , 04:00 PM

#3888

JimbozGrapes

newbie

Join Date: Apr 2011 Posts: 33

Quote:

Originally Posted by filosoffen

Its about time you americans starts to wake up!

Your country is NOT the land of freedom!

If you want freedom you must start fighting for it!!!!!

YEAH YOU AMERICANS. Wtf why are you so lazy? It was totally your fault the owners of these site were clearly breaking the law in your country. You should all be ashamed of yourselves.

GOD DAMN whoever posted this is a ****ing ******

04-16-2011 , 04:01 PM

#3889

Always Rivers Me

enthusiast

Join Date: Sep 2010 Posts: 93

Quote:

Originally Posted by CharlesBronson

Incorrect.

The DOJ wants everything including all past earnings from these sites to the tunes of $3birrion plus huge fines and 30+ years of jail time for Isai/Bitar. If the DOJ gets its ways, Stars/Tilt will have absolutely nothing left except for a couple of broom handles to play with.

No, if the DOj gets what it is asking for, then all 3 sites (PS, Full Tilt, and AB) will be completely SEIZED by the U.S. government.

That means all the companies, their assets, even their software will be SEIZED.

What part of this are people not understanding?

04-16-2011 , 04:02 PM

#3890

piperstark

newbie

Join Date: Apr 2011 Posts: 24

QUICKTENDER was it affected????

04-16-2011 , 04:03 PM

#3891

Shotglass

enthusiast

Join Date: Apr 2011 Posts: 54

Yeah...if the DoJ gets what they want. I'm hoping that the IoM tells the DoJ to go F*** itself.

04-16-2011 , 04:03 PM

#3892

piperstark

newbie

Join Date: Apr 2011 Posts: 24

Quote:

Originally Posted by Always Rivers Me

The Charges will be dropped... promise

04-16-2011 , 04:03 PM

#3893

One Voice

journeyman

Join Date: Aug 2010 Posts: 243

Quote:

Originally Posted by JimbozGrapes

Omg thank you. It is really starting to piss me off all of the people that don't know ****ing anything just being like ZOMG AMERICA IS TAKING ALL THE MONEYZ END OF STORY.

Our money is safe (MAYBE unless you are a US-player). The united states can not charge a world-wide corporation from across seas and take millions of non-US players money that are in banks across seas. The sites have the money in something called like the isle of man or some **** like that, its like an online gambling regulated and 100% legal set up for storing players money. People who say the US government is just going to seize all the funds are 100% wrong and just speculating. Sure some of it was fraudulently put into those bank accounts, but if your not a US citizen that has absoulutly nothing to do with them. The problem would arise if all the other countries starting following suite, but not all countries have the same laws, so they didn't put the money into the accounts fraudulently. If you are really concerned, look up your countries gaming laws before you decide to cash out or not.

If the sites have enough money to cover fines being sought plus customer deposits, then, NP, but I suspect that might not be the case. If you have a credit with a retail store and the US Government wins a case resulting in fines that BK that store you are in line with other creditors even if you are a foreign customer and even if the business is headquartered outside the US. This is very simple. The US has to win the case first and then they have to collect, is a long way from here to there. If accounts were 100% safe and available PS money would not be selling 79 cents on the dollar. DUCY?

04-16-2011 , 04:03 PM

#3894

WhirlingDervish

adept

Join Date: May 2010 Posts: 1,082

Quote:

Originally Posted by tanka1

Will buy Stars or FT dollars for 93 cents on the dollar.
PM me.

I don't think your PM is available. But I would strongly consider this. Up to how much?

04-16-2011 , 04:03 PM

#3895

drew13800

adept

Join Date: Dec 2008 Posts: 922

Quote:

Originally Posted by LetsGambool

Why would this news have cost Partygaming 33% of its share price if known in advance? They're a winner in this.

I was looking at the wrong stock. But this one still dropped about a week ago too. I would assume alot of people speculated..got the price to drop..then bought low and now will ride the wave up

04-16-2011 , 04:03 PM

#3896

chinamaniac

Pooh-Bah

Join Date: Nov 2009 Posts: 3,720

Quote:

Originally Posted by piperstark

QUICKTENDER was it affected????

I would like to know the answer to this

04-16-2011 , 04:03 PM

#3897

dudeguy

newbie

Join Date: Feb 2007 Posts: 36

Ideally, I would like to continue to play at Stars because of their great VIP program and my dependence on TableNinja for voice control. I understand they might go out of business after legal issues are resolved, which could take years. I wonder if it is safe to play until then?

If so, I wonder if I should move to another country, or if there is a way to just register a different country to my account (I can only change to a U.S. address now.) Do they use IP addresses to really make sure no U.S. players can play or can the rule be easily circumvented? I wrote an email to them essentially asking this and received a generic reply about not providing real money games for U.S. players. I sent another email asking about non-U.S. residents and how to become one, but haven't heard back for 14 hours.

If I decide to try another site, which are available now and will likely continue to be for U.S. customers? Will the gov't go after all of them, because they must all be breaking the law to fund players accounts, right?

If there are relativley safe sites, which are best for player/fish traffic, rakeback/VIP programs, multi-tabling, reliable pay-outs, and overall?

Any informed opinions would be appreciated. I believe we should limit the unnecessary in this thread and focus on how and where to get playing again.

04-16-2011 , 04:03 PM

#3898

okletsgo

banned

Join Date: Mar 2011 Posts: 282

Can someone clean up these threads and start banning the <10 post posters soon? Every single one of these accounts hasn't bothered reading the thread and is asking the same questions over and over and over and over.

04-16-2011 , 04:03 PM

#3899

crdjeep

old hand

Join Date: May 2008 Posts: 1,417

How can you think our money is safe????? FDIC Insurance on BANK MONEY is only good up to 250k......... you guys are ******ed to think our money is safe!!!!!!

04-16-2011 , 04:04 PM

#3900

tom_dwonk

old hand

Join Date: Dec 2008 Posts: 1,590

Quote:

Originally Posted by Always Rivers Me

I understand all of this, i am just saying that our player accounts are not assets (at least through my eyes) owned by PS or FT... and how can they seize accounts/funds (if they are) of players who are NOT US residents?

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