Full Tilt & Pokerstars Have Been Laundering

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  • facialfreak
    Confirmed User
    • Feb 2005
    • 3018

    #31
    An entity making far more money than they will admit to, and trying to cover their tracks?

    What kind of outrageous claim is that?

    I don't believe it for one minute!!!

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    • C H R I S
      Too lazy to set a custom title
      • Nov 2005
      • 10842

      #32
      Originally posted by TheDoc
      As the article says.... "PokerStars, Full Tilt and Absolute used fraudulent means to work around the ban to continue operating in the U.S., and ?trick? banks into processing payments on their behalf."

      "The indictment names two principals from each company and others who allegedly worked with them to illegally process payments."

      Money laundering is the practice of disguising the origins of illegally-obtained money.

      Looks spot on to me....
      Spot on... Although I dont agree with banning gambling online in the US there is a law against it on the books and all these sites have been caught red handed skirting the law. Sites like PartyPoker who stopped processing when the ban went into effect had no issues with the recent indictments.
      C H R I S
      Retired Porn Veteran

      BH4L

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      • Vendot
        Confirmed User
        • May 2002
        • 3376

        #33
        Originally posted by Supz
        They technically are money laundering criminals based on us laws.
        Forgive me if im thick as a brick but how do US laws apply to them.

        They are not based in the US.

        I can understand the US taking action against their own citizens for flouting the prohibition but how can they impose their laws upon a foreign entity?
        "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

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        • Brent 3dSexCash
          Octopus Anime
          • Sep 2007
          • 1064

          #34
          Originally posted by Vendot
          Forgive me if im thick as a brick but how do US laws apply to them.

          They are not based in the US.

          I can understand the US taking action against their own citizens for flouting the prohibition but how can they impose their laws upon a foreign entity?
          It doesnt matter where they are located if it involves US citizens/US Banks.

          Party Poker and Neteller already went through this and settled with the DOJ. The owner of party poker paid the DOJ 300 million to settle. I dont remember what the Neteller figure was. All of these indictments always come out of the same New York office. They seem to be more interested in big cash grab settlements versus putting people in jail. I wouldn't be surprised if many if not all that were indicted settled as well.

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          • biskoppen
            Confirmed User
            • Mar 2003
            • 5809

            #35
            links pulled
            Submit my videos to make bank, tons of 5 minute videos offered right here

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            • Agent 488
              Registered User
              • Feb 2006
              • 22511

              #36
              since they gave control of the domains back already they are probably looking for a big cash settlement than anything more serious.

              Comment

              • vdbucks
                Monger Cash
                • Jul 2010
                • 2773

                #37
                The only reason online gambling is banned in the US is because they haven't found a way to tax it yet.

                The only reason they're going after the "big 3" poker sites is because they are making money from US players, and the US government has no way to tax it.

                If any of you think otherwise, get your head out of the sand. It's only ever been, and only ever will be about tax. Another prime example of this "sin tax" as it's called is cigarettes. There's a reason I can buy a carton of smokes for less than you guys in the states pay for a pack. And it's not because cigarettes made in the US are better.

                Same thing with electronic cigarettes. The FDA is trying to ban them because a. they can't be labeled as tobacco products since they contain no tobacco (so big tobacco loses out), and b. they can't be regulated as medical devices by big pharma; and therefore cannot be "sin" taxed.
                Last edited by vdbucks; 04-24-2011, 10:31 PM.

                Comment

                • marlboroack
                  So Fucking Banned
                  • Jul 2010
                  • 9327

                  #38


                  I want a WL pokersite

                  Comment

                  • Rangermoore
                    Confirmed User
                    • Jan 2009
                    • 1541

                    #39
                    Originally posted by marketsmart
                    no dummy... when the federal govt goes after you, they throw every charge they can at you...

                    all the fed wants is to seize the money and pave the way for vegas corporations to control internet gambling...





                    .
                    Right on... It's already in the works. Steve Wynn signed a deal with one of the online poker sites but backed out when they got busted. Harrahs corp. is also looking at a deal to get in on the action. Harry Reid is working on his pay back to the casinos for getting him re elected by sponsoring a bill that would allow online gambling as long as it is (you guessed it) controlled by the casinos... Go figure...

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