Quote:
Originally Posted by MFCMark
You believe financial institutions overlook any suspicious transactions if the value is under $10k?
Or that money laundering isn't possible under the value of $10k?
I'm not sure what your point is. Here is what 888 is alleging, that beyond any reasonable doubt:
1. Player A wanted to transfer approximately $450 to Player B.
2. They agreed to sit at a $10 table with up to 4 other players. I know in this case, it isn't confirmed that it was at a 6-max table, but all the other incidents reported in this forum were at 6-max.
3. They bought in for $10 at a time.
4. They played in a way that it was likely, but not certain, that player A would lose his $10 to Player B (while losing 5% = $1 to the rake).
5. They repeated this 45 times, or more, since other players interfered with their action. In cases where we do have the hand histories, we can see that the alleged dumping was not accomplished by isolating each other and then dumping.
Sure, I trust the 888 Fraud Department to recognize real cheating though they aren't able to see that this scenario just could never happen.
Neither 888 nor financial institutions are expected to monitor transactions this small.