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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 , 10:45 PM
Quote:
Originally Posted by dwilko_147
gotta respect barryg for playing on pstars for play money.
The guy is a class act, always has been.
04-16-2011 , 10:45 PM
Same goes to Full Bilk!
04-16-2011 , 10:46 PM
inb4 12 hr grind sessions live
04-16-2011 , 10:47 PM
Lots of people glad they were busto.
04-16-2011 , 10:47 PM
Quote:
Originally Posted by Ishmael
IamPro is a respected poster around here. Please stop cluttering up this thread with your meaningless hate.
Riiiiiiiiiiiiiiiiiiiiiiiiiiiiight...
04-16-2011 , 10:47 PM
What about downloading a previous FT software and not updating it to the current version, I remember some how of doing this before... you think we could get US players playing again but finding a loop hole around this update... it would help feed our addiction for awhile while eveything works out :-D
04-16-2011 , 10:48 PM
Quote:
Originally Posted by chris babula
It is going to take many years before anyones who had money on the sites to get it if the ever will. Gotto wonder what big name players who were on massive downswings are going to do. Hope they did not have a large percentage of their worths on the sites.
I would think that any big name would have an accountant that would never let them keep anything buy their immediate need online because it would be earning zero interest there.
04-16-2011 , 10:49 PM
Quote:
Originally Posted by Deano85
You have 11k posts...you should really get out more!
And you should post more!


Quote:
Originally Posted by chris babula
It is going to take many years before anyones who had money on the sites to get it if the ever will. Gotto wonder what big name players who were on massive downswings are going to do. Hope they did not have a large percentage of their worths on the sites.
On the bright side, it's like a trust fund! Responsibility at its finest!

Cheers
04-16-2011 , 10:50 PM
Quote:
Originally Posted by $taybuffMM
This lawsuit has nothing to do with poker and everything to do with financial regulations. The indictment (suggest you all read) may charge them with operating an illegal gambling enterprise but thats just the frame. The real charges (the ones with 20 year and 30 year sentences and fines of 1,000,000 or double the gross (7 billion?)) are about financial regulations and how they bought a bank, paid off the bank manager to violate the UIGEA, then bragged about it, ad were going to buy 3 or 4 more. They dared the Govt to go after them. I love poker, been playing holdem for 16 years, online for 9, these guys were idiots and we will in the end get a better service, because the marketplace demands it. PLEASE DONT WRITE YOUR CONGRESSMAN, OR TRY TO SUE THE DOJ. iF YOU WANT RESPECT, DO NOT COME TO THE AID OF ******ED BUSINESSMEN WHO CUT AND DRY BROKE THE LAW. PRESENT A RESPECTFUL FRONT, NOT ONE WITH NO STANDING. They arent after us, people are going to get paid, we will get online poker in the next 3 years, thats that. Read and be educated. dont just say "Oh no poker, f*&^ the DOJ, F*&^ our govt. Our govt is right about this we just dont like it. you cant process gambling proceeds as jewelry and golf balls, just stupid. (yes they did that. ) And yes it violates financial disclosure laws.
I can legally send you money and say its for golf balls even if it isn't. I have no obligation to disclosure other than not transferring money in defiance of the UIGEA (for purposes of ILLEGAL gambling). PS & FT are going to argue they are not in violation of the UIGEA and they no doubt have some very high priced lawyers who think likewise. If poker is not illegal gambling there is no violation.

This from http://jhub3000.livejournal.com/90426.html

Thoughts from Free Phil Ivey:
Quote:
So long as Full Tilt and Pokerstars don't freak out they will prevail in court. The government has to prove these charges. Legal precedent is not on their side. The govt.'s case seems entirely circumstantial and appears built around the suspicious behavior of the sites interactions with processors.

The government will argue that PS and FT acted suspiciously and thus must have known that their conduct was illegal. That will not hold water in court, however, because FT and PS will attack the heart of the law and argue that online poker simply is not prohibited under any federal statute and therefore their suspicious activities with payment processors is utterly irrelevant.

The government is basically prosecuting a "thought crime" (PS and FT acted as if they knew what they were doing was illegal therefore it "was" illegal"). That is not how our legal system works. Even if you "think" you are committing a crime - no crime is committed if what you did actually was not a crime in the first place.
04-16-2011 , 10:51 PM
I get the feeling the DOJ/US govt has been looking for something like this to come along to give them an excuse to attack online poker. As they are going for this fraud angle hopefully this means they don't intend to close the sites down, they will just impose fines and put spanners in the works of their operations. At least FT and Pokerstars are so big they should be able to take the hit financially, however it will drag out for a long time. I sincerely hope all US players get all their funds back and hope it doesn't take too long. gl
04-16-2011 , 10:51 PM
@chernobila it was Italy not Spain.

PS just asked me to update the client again. (Greece)
04-16-2011 , 10:51 PM
Quote:
Originally Posted by Deano85
Riiiiiiiiiiiiiiiiiiiiiiiiiiiiight...
I will rain down an ungodly ****ing firestorm upon you! You're gonna have to call the ****ing United Nations and get a ****ing binding resolution to keep me from ****ing destroying you. I'm talking about a scorched earth, mother****er! I will massacre you! I WILL **** YOU UP!!!
04-16-2011 , 10:51 PM
Quote:
Originally Posted by iplayforweed
A little jealous are we ???
I think I'll add another couple tables to soothe my soul.

as far as " other people being Fu$&ed ", this is poker, I only care about my well being. Fewer americans = +ev for me !!!
Either a troll or stupid.

Soon, your poker site and all their assets will be the property of the U.S. government. Will you be bragging then?

Your site isn't being fined by the U.S. gov't.....it's in the process of being entirely seized. ALL OF IT.

Enjoy it while you can, the ride is almost over.

You are so dumb this is probably a complete surprise to you, isn't it?
04-16-2011 , 10:51 PM
I'm from the USA. And I don't want to offend my fellow countrymen, but that is funny! I don't care where you're from!
04-16-2011 , 10:52 PM
Quote:
Originally Posted by iplayforweed
A little jealous are we ???
I think I'll add another couple tables to soothe my soul.

as far as " other people being Fu$&ed ", this is poker, I only care about my well being. Fewer americans = +ev for me !!!
I'm Swedish, you moron.
04-16-2011 , 10:52 PM
Quote:
Originally Posted by ksslim74
Bye Bye Jokerstars! When MGM Mirage introduces their LEGAL, REGULATED, and MONITORED internet site we'll all miss you like a bad case of abdominal cramps!!!


Pokerstars is legal, regulated and monitored; what you mean is legal, regulated, monitored and taxed & licensed by the US authorities.

Good luck with not getting outdrawn when you only have US sites to play on, I'm pretty sure it'll put an end to any bad beats and make you a winning player.
04-16-2011 , 10:53 PM
Quote:
Originally Posted by BlackRifle
I would think that any big name would have an accountant that would never let them keep anything buy their immediate need online because it would be earning zero interest there.
Define accountant.
04-16-2011 , 10:53 PM
lol what a pig....thx obomber
04-16-2011 , 10:54 PM
Quote:
Originally Posted by IamPro
I will rain down an ungodly ****ing firestorm upon you! You're gonna have to call the ****ing United Nations and get a ****ing binding resolution to keep me from ****ing destroying you. I'm talking about a scorched earth, mother****er! I will massacre you! I WILL **** YOU UP!!!
You banging 7 gram rocks?
04-16-2011 , 10:55 PM
Quote:
Originally Posted by $taybuffMM
Financial disclosure laws regulate the fact that you cant lie about where the money came from. Just like you cant go into a bank with 12 miillion dollars in drug profits and deposit it ina brand new just opened account (anything over 10k gotta fill out some forms), you cant do that on a wire and lie about where it came from.

So transfereing billions and lying about where it came from is definitley illegal and also is transferring money for illegal purposes.
I can wire anyone money I want and can lie about what the purpose is all I want. I just can't help facilitate the transfer of money for illegal purposes.
04-16-2011 , 10:56 PM
Quote:
Originally Posted by One Voice

Thoughts from Free Phil Ivey:
Quote:
So long as Full Tilt and Pokerstars don't freak out they will prevail in court. The government has to prove these charges. Legal precedent is not on their side. The govt.'s case seems entirely circumstantial and appears built around the suspicious behavior of the sites interactions with processors.

The government will argue that PS and FT acted suspiciously and thus must have known that their conduct was illegal. That will not hold water in court, however, because FT and PS will attack the heart of the law and argue that online poker simply is not prohibited under any federal statute and therefore their suspicious activities with payment processors is utterly irrelevant.

The government is basically prosecuting a "thought crime" (PS and FT acted as if they knew what they were doing was illegal therefore it "was" illegal"). That is not how our legal system works. Even if you "think" you are committing a crime - no crime is committed if what you did actually was not a crime in the first place.
This was a post from someone claiming to be a lawyer, but really wasn't apparently. I sounds nice and educated, but buyer beware.

Cheers
04-16-2011 , 10:56 PM
I truly feel for the people who grinded their brains off for a living. seriously. my condolences and postive vibes for you people. sit tight til the smoke clears i guess.

I live in mexico. move here. the gov here could give a **** about online gaming. small casinos are beggining to pop up too with those weird virtual tables.. mexico city, puebla, and cancun have these casinos.
04-16-2011 , 10:56 PM
Quote:
Originally Posted by iplayforweed
I love online poker @ pokerstars...games are soooo soft right now!!! I can't believe how good this is. I love Canada !!!!!!
**** off. I'm from Canada and I can't access these sites.
04-16-2011 , 10:56 PM
Hope it turns out all this 'bank fraud' stuff about the sites pretending to sell golf balls etc. was actually just the DoJ getting confused about the FTP items store.
04-16-2011 , 10:56 PM
My ignore list grows by 1-2 names every time I refresh this thread.


      
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