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Senator's aide: DOJ source said sites created "massive financial black hole" Senator's aide: DOJ source said sites created "massive financial black hole"

04-27-2011 , 12:39 AM
Quote:
Originally Posted by Free Phil Ivey
Unforgivable. We need the DOJ to use their talents and resources to root out wall street malfeasance and gas price manipulation. Not to prosecute a victimless industry fighting hard to be regulated and taxed on their own. In the end, only the average joe poker player who enjoyed coming home after work, eating dinner with the family and then grinding out a few low stakes tables to relax and keep his mind sharp at night lost.
You're entitled to your opinion, obviously, but is this bolded statement a joke?
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 12:41 AM
Maybe there is light at the end of the tunnel. It was noted that the aide's boss may accept good legislation. We have to remember that congress is out of session from 04/18 - 05/01. It makes sense that the DOJ chose 04/15 to crackdown, since congress would be gone for the next two weeks afterward.

The PPA said 70,000 messages were sent. I have to believe that kind of volume and he'll raising will prompt some kind of action when congress comes back.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 12:44 AM
Quote:
Originally Posted by River Donk
And history also shows what it took to make that change. If the people speak loud enough, things happen. The problem is that most online players are not willing to do what really needs to be done. They write a couple letters. They make a couple phone calls but that is really about it. Who is rallying? No one. Who is going to DC? I bet not really anyone. While I know that there are alot of recreational players that can not take off to DC. The "pros" have nothing but time now lol. But my point again....what are people really doing.
I agree. The problem is most players are recreational players and don't have time to go to DC and rally. Especially with players getting their funds, very little will be done in the future (I could be wrong, that's just my opinion)





Quote:
Originally Posted by BlackBeltRizen
People like you give Americans a bad name. Have you ever served your country in uniform? I spent 8 years on active duty in the military and still serve as a Reservist. Have you ever voted? Have you ever exercised any civic duty as an American? Or have you only served yourself and your own interests and needs by playing online poker?

If you don't like the politicians that represent you, then vote them out of office when you get the next opportunity. While many Congressmen are corrupt, not all are. If you don't like the system of government we have here in the United States, and put more faith in European poker sites....feel free to move. This country would be better off with a few less degens like yourself.
To start off I thank you for your service and the **** you had to go through.

I along with many others do not believe in what we are "fighting" for however. If it was something other than what it currently is, and I believed in it, I wouldn't hesitate to enlist (and I'm sure many many others would do the same.)
That aside I disagree with much of what you say though. Only a minority of people see the corruption, this minority does not have the power to sway people who already have a "set mind" and this minority does not have enough power to vote them out of office. As for leaving and moving the country, it's a long process that is not guaranteed and I'm sure if it was easy many people would leave.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 12:52 AM
Quote:
Originally Posted by MrAce777
I really think, in this is just MY opinion, the feds could just be trying to kick out the biggest competitors of online poker market so that federal legislation can allow B&Ms such as Harrah and 888 to being their online poker market. I'm not sure about if ever should Party even see the light of day in the USA since they weren't around after UIGEA passage in 2006. Whatever the case, the B&Ms will most certainly take advantage of this when online poker legislation passes.
I respect your opinion, but the fact is that financial transactions originating in the USA to any poker site (in the USA or not) will not be legal until the UIGEA is repealed. Given that all federal legislation passed by Congress is sourced out of the House of Representatives (currently controlled by the GOP), there is slim to no chance of the UIGEA being repealed within the next 18 months.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 12:56 AM
How do you get that it is "sourced" out of the House? Legislation can originate in the Senate too, yes? Granted, it's been awhile since I watched Schoolhouse Rock, so I could be wrong.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 01:09 AM
Quote:
Originally Posted by Free Phil Ivey
My friend, here in the USA - people can voice their own opinion. Nothing is more American than that. If all the people who are not afraid to voice their opinion did leave this country as you suggest than you will be left in a country that no longer has the right to call itself free.
I have no problem with people voicing their opinions. I agree with you that there is nothing more American than that. There is also nothing more American then taking up some of your civic duties and participating in the system that governs you. That's what the forefathers intended. If you just choose only to voice your opinion on a poker forum out in cyberspace, then nothing is ever going to change. That was the point of my reply. I don't think the founders of this country would have much sympathy for a group of folks who think their rights have been violated by the government, but then couldn't be bothered to get up from behind their computers to do anything about it.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 01:20 AM
Quote:
Originally Posted by DrewOnTilt
How do you get that it is "sourced" out of the House? Legislation can originate in the Senate too, yes? Granted, it's been awhile since I watched Schoolhouse Rock, so I could be wrong.
I stand corrected. Either house of Congresss can introduce legislation, but only the House of Representatives can introduce revenue legislation, i.e. taxes. Given that legalization of online poker is certainly going to involve introducing new tax codes or modifying exising tax code, that part of the legislation (and likely the overall bill) will have to be introduced by the House of Representatives.

Good catch regarding my post, but I still stand by my prediction that such legislation is at least 18 months away.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 01:24 AM
Quote:
Originally Posted by BlackBeltRizen
I stand corrected. Either house of Congresss can introduce legislation, but only the House of Representatives can introduce revenue legislation, i.e. taxes. Given that legalization of online poker is certainly going to involve introducing new tax codes or modifying exising tax code, that part of the legislation (and likely the overall bill) will have to be introduced by the House of Representatives.

Good catch regarding my post, but I still stand by my prediction that such legislation is at least 18 months away.
Not sure if I buy just because the GOP controls the house that they wouldnt approve of it, its not a complete partisan issue.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 01:34 AM
Quote:
Originally Posted by TeflonDawg
You misread his post. He was saying the sites at no point ever wanted to conceal transactions like they did to circumvent the UIGEA. In fact, they wanted the opposite.
No, I didn't misread his post. You just missed my point -- the UIGEA is the reason they mis-coded transactions, etc. (for the most part, anyway), but it is also the reason the #1 site dropped out of the US market almost 5 years ago. IOW, it was an opportunity for a huge money grab by Tilt and Stars that was necessarily created by the UIGEA, the very cause of the circumstance they supposedly did not want.

(It's okay, it's really not an important point)
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 02:03 AM
Quote:
Originally Posted by The Warlord25
If the DOJ acts on pure paranoia then they are incompetent.

And all the people's livelyhoods that where taken away and freedoms! That is terrible. Sort of like taking away people's rights with that other bill Bush passed so they can tap your phones.

The "War on Terror" (and the "War on Drugs" too) are just excuses for paranoid people to do all sorts of bull---t and take people's freedoms away, because of perceived threats and not real threats.

Some people thrive on anxiety. And some even feed their families with it.
QFT, especially the bolded section. People need to think about that every time the buzzword of "terrorism" is mentioned.

Quote:
Originally Posted by River Donk
Are you serious. So you are saying that the attack on 9/11 is a perceived threat? What about the numerous attempts of terrorist activity on the US on US soil since then that have been foiled. Are they just "perceived" threats.

I guess I would rather these people "thrive on anxiety" and feed their families and continue to keep us safe. I am thankful that we have people who "thrive on anxiety". I can only imagine the number of lives that have been saved.
9/11 was terrible, but let's also put it into perspective: the same number of people that died in 9/11 die every single month in car accidents (for example), in the United States alone. In addition, 9/11 only happened because people were conditioned to do whatever hijackers say. If they had known they would be flown into buildings, they wouldn't have cooperated, which is what happened on the last plane. 9/11 could never happen again, because people won't just stand idly by when hijacked from now on. Future 9/11 events were prevented due to this, without the need for any of the "security theater" that goes on in airports now.

That's fine if you want to keep giving up your rights and freedoms to feel safe, but remember the (now-overused, but still relevant) quote: "He who sacrifices freedom for security deserves neither." Anyway, I thought it was that terrorists "hate our freedom" or some such rhetoric. Then why are "terrorists" always used as an excuse to take our freedoms away, with draconian laws like the Patriot Act? (mostly used on our own citizens in areas completely unrelated to "terrorism", btw)

Quote:
Originally Posted by BlackBeltRizen
If you don't like the politicians that represent you, then vote them out of office when you get the next opportunity. While many Congressmen are corrupt, not all are. If you don't like the system of government we have here in the United States, and put more faith in European poker sites....feel free to move. This country would be better off with a few less degens like yourself.
Right, let's vote corrupt party #1 out of office for someone from corrupt party #2. Most laws get made by lobbyists in the USA, not by the people anymore. I vote for libertarians because I would like to see things change in a positive way, but unfortunately with a flawed voting system that creates the illusion of only two viable choices to the majority of voters (most of whom are too lazy or apathetic to care about educating themselves on the issues anyway), and without huge amounts of corporate dollars to spend on the causes I believe in, there's very little I can do myself.

Quote:
Originally Posted by ThatsABingo
Most people in this planet are essentially glorified sheep. They get told what to do and they do it. They scare easily, are duped easily, and lack high levels of intellect. Even thinking about the words "War on Terror and War on drugs" they seem like such poor idioms but they sure sound serious to your basic human. Its about as stupid as saying "War on Water" "War on Greed" "War on Hindsight".
Another QFT.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 02:20 AM
4/15 was an Inside Job...



Maybe if we stopped spending Billions of Dollars a year killing brown people they wouldn't need to spend Billions of Dollars a year fighting the terrorists that are created when we kill brown people and Billions of more Dollars a year trying to stop them from receiving money, support, etc, and Billions of more Dollars a year funding "Provincial Governors and Tribal Leaders" (druglords) to help us fight the terrorists that were created when we spent Billions of Dollars killing brown people.

Stop killing brown people, multiple problems solved (including run-on sentences)
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 02:27 AM
Quote:
Originally Posted by lawdude
The nature of online poker is it relies on network externalities (i.e., everyone wants to play on the site that everyone else is playing on). That means that the DOJ only needs to shut down the biggest sites at any given time.
Pokerstars and FTP were paying Daniel Tzvetkoff $150,000/day to operate their payment processing schemes. There are plenty of Tzvetkoff's in the world and economics dictates that in a relatively short time span there will be foreign poker sites in demand of such services. It took 4 years for the DOJ to prosecute Stars and FTP; it will only take months for new sites to be up and running.

The DOJ doesn't have any FTP or Stars' owners in custody. Technically speaking, what's to stop those guys from starting a new operation anonymously?
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 02:55 AM
Quote:
Originally Posted by BlackBeltRizen
People like you give Americans a bad name. Have you ever served your country in uniform? I spent 8 years on active duty in the military and still serve as a Reservist. Have you ever voted? Have you ever exercised any civic duty as an American? Or have you only served yourself and your own interests and needs by playing online poker?

If you don't like the politicians that represent you, then vote them out of office when you get the next opportunity. While many Congressmen are corrupt, not all are. If you don't like the system of government we have here in the United States, and put more faith in European poker sites....feel free to move. This country would be better off with a few less degens like yourself.
Really? Another I served in the military => my opinion is greater than yours? Let me tell you black, I served for 12 years and my opinion isn't any more important than yours or anyone else on this board. Seriously, where the hell does this attitude come from? If anyone who served under me spouted this nonsense I would have knocked the **** out of them.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 03:24 AM
Quote:
Originally Posted by Zenzor
Pokerstars and FTP were paying Daniel Tzvetkoff $150,000/day to operate their payment processing schemes. There are plenty of Tzvetkoff's in the world and economics dictates that in a relatively short time span there will be foreign poker sites in demand of such services. It took 4 years for the DOJ to prosecute Stars and FTP; it will only take months for new sites to be up and running.

The DOJ doesn't have any FTP or Stars' owners in custody. Technically speaking, what's to stop those guys from starting a new operation anonymously?
1. It costs a heck of a lot of money to start a poker site. 2. A new site would have to build its network and lure players over (and those players would surely be concerned about whether there will be problems with the US government given what happened April 15). 3. The new site would need to look over its shoulder at all times and might be shut by the government at any point in time.

In other words, they could, but it would be a huge gamble and could cost them a ton of money if the government took action.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 04:20 AM
Quote:
Originally Posted by BlackBeltRizen
People like you give Americans a bad name. Have you ever served your country in uniform? I spent 8 years on active duty in the military and still serve as a Reservist. Have you ever voted? Have you ever exercised any civic duty as an American? Or have you only served yourself and your own interests and needs by playing online poker?

If you don't like the politicians that represent you, then vote them out of office when you get the next opportunity. While many Congressmen are corrupt, not all are. If you don't like the system of government we have here in the United States, and put more faith in European poker sites....feel free to move. This country would be better off with a few less degens like yourself.
Jesus, Christ, are you for real?

For the record, because it seems to matter to you, I DID serve in uniform, I was honorably discharged with half a chest full of medals.

Now to the point: I agree with the poster who said that he has more faith in the european poker sites than in our government. Did you miss the point that the DOJ press release on player funds was narrowly worded to be ridiculously misleading about whether player money was seized?

Did you miss the fact that the DOJ charged people it has no intention of bringing to trial so that it would have a legal basis to seize the money of players who violated no laws whatsoever? Did you miss the fact that the DOJ has done this at least twice before?

The SDNY prosecutor's office is embarked on a crusade to steal money from innocent poker players. They don't think for half a second that there is a financial black hole they need to shine a light in to protect us from terrorists or some such nonsense. That is just their excuse for stealing our money, plain and simple. The SDNY is staffed by unethical attorneys who are acting in bad faith, pure and simple (and I say that as a former prosecutor myself). They are a disgrace to the legal profession.

The remainder of my government consists of craven cowards who allow national policy to be set by a minority of people whose intellectual processes remain firmly ensconced in the bronze age.

By contrast, Poker Stars and Full Tilt have at all times treated me honestly and fairly. You'd have to be a complete idiot to think that the US gov't is more honest, more competent or more concerned about you than Stars and Full Tilt. Anybody with half a brain who has been watching this situation knows that the federal government is out to screw American players and the sites, and the sites are doing their best to treat us fairly.

I have no intention of abandoning this country and leaving it to people who have a blind an ignorant faith in the government despite all evidence to the contrary. The reason we have a dishonest government is because of sheeple who blindly defend everything government does for no reason other than it was the government that did it.



Quote:
Originally Posted by BlackBeltRizen
+1. He's not he only one who is convieniently forgetting this. I would venture a guess that 80% or more of the members of this site would be happy to continue blindly supporting Stars and FTP even after a conviction in this case if that occurs.
You're god damned right I'd continue to support the sites even if their owners are convicted of felonies. I'd support them BECAUSE they were convicted of felonies. they ought to wear those felony convictions as badges of honor for standing up to a corrupt government that passed a corrupt law in a corrupt way (that nevertheless didn't apply to the poker sites).

The sites earned my loyalty by being honest and ethical service providers. the government pissed away my loyalty by being completely in control of corrupt ignoramuses.

Sorry to everybody else for the rant. It just pisses me off when the hoo-rah crowd tries to steal the moral high ground on behalf of our immoral government by playing the veteran card. And the "if you don't like it, leave it" slogan has got to be the most stupid (and un-American) slogan the knee-jerk patriots have ever invented.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 04:44 AM
Mpeth:

I would not assume that the DOJ wanted to steal player funds. It looks like they had no interest in them and got them released quickly. Indeed, they probably wanted the sites to cash them out because it reduces the amounts deposited offshore and reduces the likelihood that players would play online in the future.

This isn't to say they won't go after player funds in the future, but there's no evidence of that right now.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 05:18 AM
Quote:
Originally Posted by lawdude
Mpeth:

I would not assume that the DOJ wanted to steal player funds. It looks like they had no interest in them and got them released quickly. Indeed, they probably wanted the sites to cash them out because it reduces the amounts deposited offshore and reduces the likelihood that players would play online in the future.

This isn't to say they won't go after player funds in the future, but there's no evidence of that right now.
'no individual player accounts were ever seized' does not mean that 'no player funds were seized." It means 'we only stole player money that was in the hands of processors, or in general escrow accounts." The additional statement that "the implicated sites have at all times been free to refund player money" means "bear the loss for the seizure of player funds in the hands of processors."

Preet Bhara wanted everybody to think what you did--that no player funds had been seized--but that is NOT what he said.

It's the exact same sort of lie told by the first president Bush when he said "read my lips, no new taxes," and then, no, didn't create new taxes, but did raise the rates on existing taxes.

Full Tilt has come right out and said that player funds were seized and the DOJ is refusing to release them.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 05:31 AM
I am not sure we can trust Full Tilt on that issue, but we'll see.

But at any rate, there's a difference between seizing funds and stealing (forfeiting) them. The latter has not happened.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 05:39 AM
Mpethy, I think you would be a good person to lead a group being discussed in the "Veterans for Poker Rights" thread, if such a group could work.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 05:43 AM
So basically when questioned about motives the government(the doj) is going to play the just protecting us from terrorism/crime card. Who could have guessed?

I for one expected them to leak that they were just ponds and only doing this for big gaming interests, or maybe as a government money grab.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 06:13 AM
Quote:
Originally Posted by Grasshopp3r
Massive financial black hole? Hardly. ....

I hope these are not the same politicians who pushed "weapons of mass destruction" as the reason for war in Iraq.


It was found out that there was no such thing to begin with. Slapping some scary words on things the government don't like and then try to destroy it has been done before.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 10:10 AM
The DoJ grabbed the money. Their motive is the same as any other criminal organization, money.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 10:45 AM
When I read massive black hole, first thing that came to mind was the billions (12 billion!!!) IN CASH that the US 'misplaced'/'lost' in Iraq. No way any of that money went to terrorism.

http://www.guardian.co.uk/world/2007/feb/08/usa.iraq1
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 10:49 AM
Quote:
Originally Posted by Free Phil Ivey
The DOJ and the attorneys involved in this prosecution deserve to be called to the carpet for this prosecution. They do not get a pass. This was an orchestrated high profile prosecution designed to further political careers. It was not an effort to stop "terrorism".

Relating this to terrorism is a total cop out. A total smokescreen. There is absolutely NO EVIDENCE of terrorist ties to online poker. Are you kidding me? The mere possibility of criminals moving money around does not warrant a prosecution. If so - shut down paypal and all ewallets! Shut down online banking. Shut the internet down.

The DOJ's attorneys are not part of the all seeing eye of government. They are not omnipotent and incapable of error. They are human beings motivated by their own political and professional desires. Are they evil? No. But they took the easy path with this prosecution and focused their considerable talents and resources to fight something that was on the path to regulation anyway. They made a calculated strike to beat the poker companies to the punch so that they could get their names in the papers.

Unforgivable. We need the DOJ to use their talents and resources to root out wall street malfeasance and gas price manipulation. Not to prosecute a victimless industry fighting hard to be regulated and taxed on their own. In the end, only the average joe poker player who enjoyed coming home after work, eating dinner with the family and then grinding out a few low stakes tables to relax and keep his mind sharp at night lost.
I am kind of getting tired of posts like this. We as a poker community need to recognize our federal government, and how it functions. The DOJ does not have a choice of who/what it prosecutes. This is an organization, lead by a man (the President) who determines what is important and what is not. The President will largely leave matters well enough alone, and only rarely will ask the DOJ to stop prosecuting a particular law.

It is the DOJ job to follow/enforce every law on the books. They do not get to pick and choose which laws should be enforced. Congress passed a law (UIGEA) which many feel was a poorly written and thought out law. However, that is not for the DOJ to decide. The only person who can decide that the UIGEA is unenforceable (hope thats a word) is President Obama.
Senator's aide: DOJ source said sites created "massive financial black hole" Quote
04-27-2011 , 10:53 AM
Quote:
Originally Posted by anon1
Maybe there is light at the end of the tunnel. It was noted that the aide's boss may accept good legislation. We have to remember that congress is out of session from 04/18 - 05/01. It makes sense that the DOJ chose 04/15 to crackdown, since congress would be gone for the next two weeks afterward.

The PPA said 70,000 messages were sent. I have to believe that kind of volume and he'll raising will prompt some kind of action when congress comes back.
Why does this make sense? It is 100% wrong that they time their prosecutions and indictments around the congressional schedule. They are 2 different parts of the government, with little interaction. If congress wants to talk with the DOJ, they have to summon them. And congress has no authority to tell the DOJ what to do. They can pass a law only, which is the only possible way congress can affect the DOJ
Senator's aide: DOJ source said sites created "massive financial black hole" Quote

      
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