Costa Rica Agents Raid Absolute Poker Offices and Residents
09 May 2011
April 15th 2011, known as “Black Friday” in online poker circles, is when Federal indictments were handed down and the U.S. government shut down Absolute Poker, UB Poker, PokerStars and Full Tilt poker. Since then PokerStars and Full Tilt reached agreement with the U.S. to regain usage of their websites for the sole purpose of letting U.S. online poker players withdraw their money.
So far PokerStars has started the process while Full Tilt is still working on details to get money back. Absolute Poker and UB (formerly Ultimate Bet) however has never signed such an agreement and rumors abound on if and when U.S. players will see their money again. Stories abound concerning these sites from Antigua wanting them to fight the U.S. indictment to possible bankruptcy.
11 people were indicted and to date 4 of them are in custody. Over the weekend, the Judicial Investigation Police (OIJ), the Costa Rican version of the FBI raided several offices and residents Friday looking for Absolute Poker executive Scott Tom, Olman Rimola, the owner of Innovative Data Solutions (IDS) where Absolute Poker was housed. Neither men were home during the raid and are still at large.
You can watch a video of the raid here.
According to a post on the popular poker forum 2+2, a poster who states he is posting this information on behalf of an Absolute Poker employee. A group of investors made an offer to but Absolute Poker and UB non-US business and was turned down. According to the post, $16 milion dollars not confiscated will now be used to set up a new business, pay all non-US players and leave the U.S. players high and dry.
According to the post, which you can read here;
“The Management has no intention to pay the US players. They are going to steal their money, once again. This time they will use it to set up a new business. They will claim US balances are held by FBI unless FORCED to act responsibly.”
20 December 2011Absolute Poker Co-Owner Pleads Guilty
There has been a plea from one of the three online poker companies following last Aprils U.S. federal indictments. Brent Beckley, co-owner of Absolute Poker, pleaded guilty today in a Manhattan Federal court. The charges were conspiracy to commit bank fraud and wire fraud as well as conspiracy to violate an Internet gambling law. All related to the deception of U.S. banks over processing online gambling proceeds.Read full article
12 May 2011Absolute Poker Signs Agreement to Return U.S. Players Funds
Now it seems that Absolute Poker will be paying back U.S. poker players according to prosecutors on New York City. Wednesday the announcement was made that Absolute Poker signed an agreement with the U.S. government to allow withdrawals to U.S. players and to continue operations to all foreign players. According to U.S. Attorney Preet Bharara;Read full article
05 May 2011Absolute Poker and UB Poker Heading Towards Bankruptcy
It seems as though the U.S. indictment of at least one of the three online poker companies will leave poker players the possibility of never getting their money back. This will go for all their players and not just those in the United States. Blanca Gaming of Antigua which is the parent company of Absolute Poker and UB poker (formerly Ultimate Bet) told shareholders in an email that it planned to file for bankruptcy protection in Norway.Read full article