good to see law enforcement has its priorities in order.
good to see law enforcement has its priorities in order.
"If given the choice to be the shepherd or the sheep... be the wolf"
-Josh Homme
"That's the difference between me and the rest of the world! Happiness isn't good enough for me! I demand euphoria!"
- Calvin
I hope that's sarcasm... bank fraud and money laundering are two serious crimes. The title of this thread is a bit misleading as they didn't completely shut down all Poker games, but rather these ones who were blatantly violating the law. I read another article (can't remember where =/) which talked about a company that complied with the new 2006 rules on online gambling. Although not initially profitable, abiding by the law is going to pay off big time now as they are no one of the few legal players left in the market.
Turns out the FBI has an informant - a criminal rat who owed millions to the people now being charged.
CRA FORMER Queensland internet king is believed to have been a key figure behind FBI action against three major gambling websites in the United States.
Daniel Tzvetkoff, who had been facing 75 years jail in the US, has done a deal with prosecutors which has seen him freed on bail and living in a secret New York location.
The Courier-Mail reported today that the deal came after Tzvetkoff - a Brisbane boy wonder, who started a company with school mates at 13 - became embroiled in a massive, $543 million stew of money laundering, bank fraud and conspiracy that could bring down the world of online gambling.
Federal prosecutors in New York yesterday charged the founders of the three largest internet poker companies in the US with bank fraud, money laundering and other gambling offenses and are seeking penalties upward of $3 billion.
Federal authorities also froze approximately 76 bank accounts in 14 countries that contain proceeds from the alleged offenses. They also shut down five internet domain names used by the three companies to host their games.
A total of 11 defendants, including the founders of Poker Stars, Full Tilt Poker and Absolute Poker, were named in the indictment unsealed Friday.
The Courier-Mail reported today that two of those companies Full Tilt Poker and PokerStars, had been seeking $100m they believed Tzvetkoff had taken from them.
Ja Mata, Tosa.
The poorest man may in his cottage bid defiance to all the forces of the Crown. It may be frail; its roof may shake; the wind may blow through it; the storm may enter; the rain may enter; but the King of England cannot enter – all his force dares not cross the threshold of the ruined tenement! - William Pitt the Elder
It's probably just a coincidence that days before the Feds swung into action DC started their own government-run online gambling operation.![]()
"Don't believe everything you read online."
-Abraham Lincoln
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