Update on F.B.I. Online Poker Crack Down
18 April 2011
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.
15 April 2011U.S. Goverment Seizes Three Major Online Poker Domains
News in just now being broke that the FBI and the New York US Attorney’s office has unsealed an indictment today charging eleven defendants and seizing the domains of three major online poker sites including PokerStars, Full Tilt Poker, and Absolute Poker. According to some poker forums, people see a page that reports that the sites hace been confiscated by the FBI and arrest warrants are in place. Some say they see no such message and the site is working just fine.Read full article
29 June 2010ARJEL Approves Two More for Online Gambling
The French Gaming regulator ARJEL this week has awarded two more licenses to operate online gambling sites in France. PartyGaming was given a license to operate their online poker and sports betting websites to French residents. PartyGaming will offer sports betting right away and when the issue with Malta is remedied, they will offer online poker. Earlier PartyGaming announced three deals that will allow them to benefit from a huge pool of players.Read full article
20 April 2011Full Tilt Poker and PokerStars Reaches Domain Name Use Agreement
In a press release today the U.S. government stated it has reached a domain name use agreement with Full Tilt poker and PokerStars for the returning of U.S. poker players deposited money.Read full article