• Update on F.B.I. Online Poker Crack Down

    18 April 2011

    Newspaper

    Today if you go to pokerstars.com. ultimatebet.com, absolute poker.com or fulltilt.com and you will find a page from the FBI that says:

    “This domain name has been seized be the F.B.I pursuant to an Arrest Warrant in Rem obtained by the United States Attorney’s Office for the Southern District of New York and issued by the United States District Court for the Southern District of New York.

    Conducting, financing, managing, supervising, directing, or owning all or part of an illegal gambling business is a federal crime. (18 U.S.C. 1955)

    For persons engaged in the business of betting or wagering, it is also a federal crime to knowingly accept, in connection with the participation of another person in unlawful Internet gambling, credit, electronic fund transfers or checks. (31 U.S.C. 5363 & 5366)

    Violations of these laws carry criminal penalties of up to five years’ imprisonment and a fine of up to $250,000.

    Properties, including domain names, used in violation of the provisions of 18 U.S.C. 1955 or involved in money laundering transactions are subject to forfeiture to the United States. (18 U.S.C. 981& 1955(d))”

    In the fall out following, PokerStars stated the will guarantee players deposits and was operating business as usual outside the United States. Wynn Resorts however terminated their partnership agreement with PokerStars that was just agreed on in recent weeks.

    So far 3 of the 4 poker companies have remained silent but Raymond Bitar, chief executive of Full Tilt, said yesterday he was surprised and disappointed by the charges and he looked forward to his exoneration.

    Federal prosecutors also filed a civil lawsuit seeking $3 billion in money laundering penalties in what they say was disguising gambling transfers as purchases of items such as jewelry, gulf clubs and the like. A federal judge also issued a restraining order that locks up funds in the sites 76 bank accounts in 14 countries.

    Related News

    • 18 September 2020

      Lucky Tiger Casino Unleashed Upon Adoring iGaming Crowds

      There is a brand-new online casino on the horizon, and it’s one that is ready to pounce and pack a punch: Lucky Tiger is the name and it’s all business! Gamified quests, generous winning potential and much more makes this online gambling establishment a place to look out for in the final quarter of 2020! A Bit About Lucky Tiger Let’s first take a look at Lucky Tiger’s origins.

      Read full article
    • 09 September 2020

      Greentube Strengthening Position in Spain By Partnering up with Gran Madrid Online

      Greentube already has a significant influence in the Spanish market. Now it is extending its footprint in this country by partnering up with leading operator Casino Gran Madrid Online. The distribution deal will see the provider’s classic and tailored iGaming content implemented into the offering of the operator, enabling the brand to expand its presence on the Iberian Peninsula.

      Read full article
    • 15 August 2020

      Funbet Casino Brings the Fun to Both Casino Players and Sports Bettors!

      It seems like new online gaming platforms are popping up left and right, but not all of them have what it takes to attract the market’s attention. That certainly isn’t the case with Funbet Casino, with a lot of interesting things in its offer. As a platform that doesn’t only look out for the casino players, but also sports bettors, it has a strong portfolio of entertainment choices to show for.

      Read full article