The FBI Seizes Major Online Poker Websites

J

Joshk

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Jul 17, 2007
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Phoenix AZ
The FBI Seizes Major Online Poker Websites In A Huge Illegal Gambling Crackdown

The U.S. Attorney for New York has indicited the founders the three largest online poker companies in the U.S., charging them with bank fraud and money laundering, in addition to other gambling offenses. The FullTiltPoker.net and AbsolutePoker.com domains have been seized by the FBI and replaced by this pleasant reminder that gambling is illegal.
The indictment, which was posted on the DOJ website charges eleven defendants — including the founders of PokerStars, Full Tilt Poker, and Absolute Poker — with bank fraud, money laundering, and illegal gambling offenses.
The bank and wire fraud charges carry a sentence of up to 30 years in prison.
Restraining orders were issued against more than 75 bank accounts used by the poker companies and their payment processors, while five Internet domain names used by the companies to host poker games were seized, federal authorities added in a statement.
The indictment spells out a scheme by the poker companies to either set up phony bank accounts to process illegal gambling transactions, by either lying to the banks about the nature of the transactions or by targeting struggling banks to who need the money to stay afloat.
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Interesting, Poker Stars just recently signed a deal with the Wynn casinos in Vegas, I think the joint entity is to be call Poker Stars Wynn. Wonder how that will shake out for both parties involved.

P.S. - fuck the online poker ban and hypocrite politicians pretending they are doing this to protect people from themselves.
 
Hmm, sounds like they are getting ready to legalize online poker again.
Step 1. Seize assets.
Step 2. Legalize.
Step 3. Profit.
 
I'm only suprised it took them so long to crack down -- it's been more than four years since the sports gambling crackdown in the wake of the Kyl Bill. I miss my mad hoops money :(
 
more than ever....

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