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Old 04-15-2011, 04:49 PM  
suzzer99 suzzer99 is offline
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FBI basically shuts down online poker in the US

http://latimesblogs.latimes.com/mone...wn-by-fbi.html

Three largest online poker sites indicted and shut down by FBI

April 15, 2011 | 12:32 pm

The founders of the three largest online poker sites were indicted by the FBI on Friday in what could serve as a death blow to the thriving industry.

Eleven executives at PokerStars, Full Tilt Poker, Absolute Poker and a number of their affiliates were charged with bank fraud and money laundering in an indictment unsealed in a Manhattan court. Two of the defendants were arrested on Friday morning in Utah and Nevada. Federal agents are searching for the others.

Prosecutors are seeking to immediately shut down the sites and to eventually send the executives to jail and to recover $3 billion from the companies. By Friday afternoon Full Tilt Poker’s site displayed a message explaining that “this domain name has been seized by the F.B.I. pursuant to an Arrest Warrant.”

The online gambling industry has taken off over the last decade, drawing an estimated 15 million Americans to bet online.

In 2006 Congress passed a law prohibiting online gambling. Most of the leading sites found ways to work around the law, but prosecutors allege that in doing so they broke the law.

“These defendants concocted an elaborate criminal fraud scheme, alternately tricking some U.S. banks and effectively bribing others to assure the continued flow of billions in illegal gambling profits,” Preet Bharara, the U.S. attorney in Manhattan, said in a statement.

Poker fans took to Twitter in droves, worried about the money in their online gaming accounts, fretting that online poker's days were at an end.

"Well the good news is I think I only had about $300 left on the online poker sites overall," tweeted Jimi Schindler of Madison, Wis. "Maybe I'll see that money?!!?"
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Old 04-15-2011, 04:51 PM   #2
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Old 04-15-2011, 04:52 PM   #3
suzzer99 suzzer99 is offline
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twoplustwo.com is basically crashed from all the traffic. I know a lot of people on that site who play full time for a living - some with a lot of money on the sites. They are freaking out right now. No one can say they didn't know there was a very real chance of this happening though. Govt gotta get their tax dollars. In 5 years or so Harrahs will probably open a US-only site that will server whatever states want to allow it.
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Old 04-15-2011, 05:38 PM   #4
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eh, I think I might lose $30. (Deposited long, long, long ago before Bush signed the ban, never bothered to withdraw, just played every once in a while)

You'd have to be completely nuts to have big money stored on those sites knowing the US could grab the domain name at any time.

Obviously this is an outrageous infringement of our rights in a stupid attempt to "protect the children", and an issue which the republican party completely botched.
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Last edited by alnorth; 04-15-2011 at 05:59 PM..
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Old 04-15-2011, 05:39 PM   #5
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Old 04-15-2011, 05:42 PM   #6
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Our government is a piece of shit.
But the economy is improving!
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Old 04-15-2011, 05:44 PM   #7
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Quote:
Originally Posted by suzzer99 View Post
twoplustwo.com is basically crashed from all the traffic. I know a lot of people on that site who play full time for a living - some with a lot of money on the sites. They are freaking out right now. No one can say they didn't know there was a very real chance of this happening though. Govt gotta get their tax dollars. In 5 years or so Harrahs will probably open a US-only site that will server whatever states want to allow it.
Yeah me too. I post alot on that site. A well renowned poster over there is currently staking me and coaching me as well. Over the last six months I have improved my game well enough to make about $15 an hour playing online at the .25/.50 and .5/1 tables. In another year I was planning on going pro if everything kept going well. Now my 5K+ roll is down the crapper. I am so pissed right now. Why does the government give a s*** about online poker? Really don't they have better things to do.
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Old 04-15-2011, 05:57 PM   #8
alnorth alnorth is offline
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Originally Posted by BWillie007 View Post
Yeah me too. I post alot on that site. A well renowned poster over there is currently staking me and coaching me as well. Over the last six months I have improved my game well enough to make about $15 an hour playing online at the .25/.50 and .5/1 tables. In another year I was planning on going pro if everything kept going well. Now my 5K+ roll is down the crapper. I am so pissed right now. Why does the government give a s*** about online poker? Really don't they have better things to do.
Apparently congress didn't care enough to get the votes to change it last year, and there are a lot of dumbass holy roller socially-annoying (aka socially-conservative aka aggressively religious) republicans in the house who like the ban because OMG think of the children!

Poker players need to stop being apathetic and start making themselves heard. Otherwise, this wont end.
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Old 04-15-2011, 05:59 PM   #9
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Quote:
Originally Posted by alnorth View Post
Apparently congress didn't care enough to get the votes to change it last year, and there are a lot of dumbass holy roller socially-annoying (aka socially-conservative aka aggressively religious) republicans in the house who like the ban because OMG think of the children!

Poker players need to stop being apathetic and start making themselves heard. Otherwise, this wont end.
I like how I can go spend my money on hookers in Vegas, booze and strippers but I can't do it at a low limit table online? If ANYTHING, online is much safer for people than regular casinos. You can play 0.01/0.02 blind tables, you won't see anything in the casino's less than 1/2. But gamblin' is da debbill!!!
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Old 04-15-2011, 06:02 PM   #10
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Quote:
Originally Posted by alnorth View Post
Apparently congress didn't care enough to get the votes to change it last year, and there are a lot of dumbass holy roller socially-annoying (aka socially-conservative aka aggressively religious) republicans in the house who like the ban because OMG think of the children!

Poker players need to stop being apathetic and start making themselves heard. Otherwise, this wont end.
The plan last year involved something like a 20-month "cooling-off" period where any site who eventually wanted to be licensed in the US had to stay out of the US. This was basically to allow harrahs.com and other US-based sites to catch up. Also I'm pretty sure the bill only allowed for playing against other US players. Which blows because Euros are about 2 years behind the US in their poker boom and there's a lot more dead money coming from them. Although they're getting caught up obviously.

Many poker players were against the bill for those reasons. But I'm pretty sure now they'd take it.
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Old 04-15-2011, 06:04 PM   #11
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Quote:
Originally Posted by suzzer99 View Post
The plan last year involved something like a 20-month "cooling-off" period where any site who eventually wanted to be licensed in the US had to stay out of the US. This was basically to allow harrahs.com and other US-based sites to catch up. Also I'm pretty sure the bill only allowed for playing against other US players. Which blows because Euros are about 2 years behind the US in their poker boom and there's a lot more dead money coming from them. Although they're getting caught up obviously.

Many poker players were against the bill for those reasons. But I'm pretty sure now they'd take it.
Yeah I was one of those against it and most pros were too because they would have to move to Canada or something for 2 years and the fish pool would significantly dry up after that cooling time. Under that plan you have to put in your social security # and all of that and you will be taxed. Do fish want to be taxed when they play poker? Hell no. And if I understand right you are taxed based on per session. So if you play 50 sessions and you win 25 of those, but you end up being down like $20,000, you still have to pay taxes on your "winnings". How stupid is that?

I'm going to go up to Harrahs tonight and ask for a 1099 form when I cash out, see what they say. Our govt are f****** savages.
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Old 04-15-2011, 06:05 PM   #12
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FYI, if you are irritated about it and are wondering if there's anything you can do, any political group to join, money to donate, etc, the Poker Player's Alliance is the largest and most credible lobbying group in the US.

Poker Players Alliance

Go there, or write your congressman, or do both if you want to do your little part.
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Old 04-15-2011, 06:24 PM   #13
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Old 04-15-2011, 06:34 PM   #14
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Old 04-15-2011, 06:37 PM   #15
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