AplusWebMaster
Topic Starter
FYI…
Fraud - poker sites seized…
- http://www.informationweek.com/news/govern…endly=this-page
April 15, 2011 - "The United States Attorney for the Southern District of New York and the Federal Bureau of Investigation on Friday announced the indictment of 11 individuals involved with online poker websites on charges of bank fraud, money laundering, and illegal gambling. The defendants include the founders of the three largest Internet poker companies that do business in the US: Absolute Poker, Full Tilt Poker, and PokerStars. The government seized five Internet domain names associated with these companies… alleges that the defendants engaged in an elaborate scheme to dupe or bribe banks to process gambling profits in violation of U.S. laws… The 2006 Unlawful Internet Gambling Enforcement Act made it a crime for gambling businesses to knowingly accept most forms of payment for illegal Internet gambling. The defendants allegedly tried to circumvent these rules with the help of individual payment processors, also named as defendants, who helped disguise gambling revenue as payments to phony merchants selling non-existent goods such as jewelry or golf balls. The scheme also allegedly involved bribing small banks to process payments in return for major investments in the banks, or buying the banks outright… The indictment seeks $3 billion in civil and forfeiture penalties and restraints on 76 bank accounts in 14 countries…"
- http://www.fbi.gov/newyork/press-releases/…mbling-proceeds
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- http://online.wsj.com/article/APdc705e2d70…878d7af4e7.html
April 16, 2011 - "… Two arrests occurred Friday in Las Vegas and Utah, while another man was expected to surrender in Utah on Monday. Eight others were not yet arrested… The companies, all based overseas, were identified as PokerStars, Full Tilt Poker and Absolute Poker…"
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- http://ddanchev.blogspot.com/2011/04/dont-…table-part.html
April 11, 2011
Fraud - poker sites seized…
- http://www.informationweek.com/news/govern…endly=this-page
April 15, 2011 - "The United States Attorney for the Southern District of New York and the Federal Bureau of Investigation on Friday announced the indictment of 11 individuals involved with online poker websites on charges of bank fraud, money laundering, and illegal gambling. The defendants include the founders of the three largest Internet poker companies that do business in the US: Absolute Poker, Full Tilt Poker, and PokerStars. The government seized five Internet domain names associated with these companies… alleges that the defendants engaged in an elaborate scheme to dupe or bribe banks to process gambling profits in violation of U.S. laws… The 2006 Unlawful Internet Gambling Enforcement Act made it a crime for gambling businesses to knowingly accept most forms of payment for illegal Internet gambling. The defendants allegedly tried to circumvent these rules with the help of individual payment processors, also named as defendants, who helped disguise gambling revenue as payments to phony merchants selling non-existent goods such as jewelry or golf balls. The scheme also allegedly involved bribing small banks to process payments in return for major investments in the banks, or buying the banks outright… The indictment seeks $3 billion in civil and forfeiture penalties and restraints on 76 bank accounts in 14 countries…"
- http://www.fbi.gov/newyork/press-releases/…mbling-proceeds
___
- http://online.wsj.com/article/APdc705e2d70…878d7af4e7.html
April 16, 2011 - "… Two arrests occurred Friday in Las Vegas and Utah, while another man was expected to surrender in Utah on Monday. Eight others were not yet arrested… The companies, all based overseas, were identified as PokerStars, Full Tilt Poker and Absolute Poker…"
___
- http://ddanchev.blogspot.com/2011/04/dont-…table-part.html
April 11, 2011