Feds Crush Online Poker

[sonnyp]

it continues to amaze me that with the budget, health care, the cost of gas,north africa, the middle east etc., the as- h-les in washington keep coming up with stuff like this.

meanwhile the chief as- h-ole is oblivious, with a 41% approval rating, is off to chi town raising 1 billion for the next time around.

I-N-CO-M-P-R-E-H-E=N-S-A-B-L-E

largest online poker sites indicted by federal government :

http://blogs.forbes.com/nathanvardi/...nies-indicted/

[bigmack]

[DJofSD]

Beat me to it: http://latimesblogs.latimes.com/mone...wn-by-fbi.html

[redshift1]

Tax on the winnings not enough feds want a bigger slice of pie

[bigmack]

Originally Posted by redshift1

Tax on the winnings not enough feds want a bigger slice of pie

So the bank fraud and money laundering charges are a sham for the Feds to get a bigger slice? Those clever Feds.

[Jay Trotter]

So much for freedom of the individual!!!

[redshift1]

Originally Posted by bigmack

So the bank fraud and money laundering charges are a sham for the Feds to get a bigger slice? Those clever Feds.

Strange time to finally implement the law, kind of like growing your nest egg
sans the risk.....

[sonnyp]

Originally Posted by Jay Trotter

So much for freedom of the individual!!!

i started another thread on this topic which PA can merge if he likes.

i've seen the "justice's" department close up, and individual freedom in dealing with them is a figment of somebody's imagination.

they say they fight "the mob".....they are the mob

[bigmack]

I ain't no fan of the Feds, but they are notoriously slow and meticulous when it comes to indictments and investigations. Their % success of prosecution is something in the mid 90's. So too, online gaming sites are notoriously sketchy.

Seems like just another garden variety bank fraud & money laundering caper to me.

[sonnyp]

Originally Posted by bigmack

I ain't no fan of the Feds, but they are notoriously slow and meticulous when it comes to indictments and investigations. Their % success of prosecution is something in the mid 90's. So too, online gaming sites are notoriously sketchy.

Seems like just another garden variety bank fraud & money laundering caper to me.

the fed = unlimited time, resources, judges, the system.

once they come knocking.....you choose your poison. a plea deal, the idiotic jury or judge or your own legal fees. all this is the major factor in their "success" rate. you don't fight.....you salvage.

[Canarsie]

Originally Posted by bigmack

I ain't no fan of the Feds, but they are notoriously slow and meticulous when it comes to indictments and investigations. Their % success of prosecution is something in the mid 90's. So too, online gaming sites are notoriously sketchy.

Seems like just another garden variety bank fraud & money laundering caper to me.

Very accurate assesment.

It's more than one company so all the pieces had to be tied together.

Here in NY/NJ when they have arrests for bookmaking/loan shark investigations they usually take a minimum of two years sometimes more. How they ever pull it off in this day and age without someone getting tipped off is beyond my comprehension.

[sonnyp]

Originally Posted by Canarsie

Very accurate assesment.

It's more than one company so all the pieces had to be tied together.

Here in NY/NJ when they have arrests for bookmaking/loan shark investigations they usually take a minimum of two years sometimes more. How they ever pull it off in this day and age without someone getting tipped off is beyond my comprehension.

they deal in patriotism.[img]images/UBGX/E9.gif[/img]

[toussaud]

I literary saw this day coming for 5 years.

I remember I was living in sarasota when I heard on the radio about my betwwts offshore account being siezed and having to find another book in the states.

I don't feel bad for them at all. Had they been paying any attention they should have saw what happened to teh horse racing industry. The federal government drew a line in the sand with offshore accounts years ago.

If that was not the case I would be able to wager using betfair now. I can't.

If I can't, they should not be able to either. IN reality we both should be able to, but my point is, this is not a surprise.

[sonnyp]

Originally Posted by toussaud

I literary saw this day coming for 5 years.

I remember I was living in sarasota when I heard on the radio about my betwwts offshore account being siezed and having to find another book in the states.

I don't feel bad for them at all. Had they been paying any attention they should have saw what happened to teh horse racing industry. The federal government drew a line in the sand with offshore accounts years ago.

If that was not the case I would be able to wager using betfair now. I can't.

If I can't, they should not be able to either. IN reality we both should be able to, but my point is, this is not a surprise.

no, it's no surprise but as you state why can't you participate ? just where the hell does their jurisdiction end ?

their power of seizure, enhanced by the patriot act, is the biggest scam goin on.

[Spendabuck85]

IN ANOTHER era, Daniel Tzvetkoff would have been whacked - shot or garroted, buried in a shallow grave or sent to sleep with the fishes.

The world's two biggest online gambling companies, Full Tilt Poker and PokerStars, which want the $US100 million they believe the former Gold Coast high-flyer took from them, don't work that way.

They send their lawyers. Or they just wait. But Tzvetkoff, incredibly, has used his position from inside a US jail to, first, free himself, and then go on the offensive against the very people who are chasing him.

The Queensland internet entrepreneur, 28, was mysteriously bailed from a US federal prison last August. He has rolled to save his neck.

US federal prosecutors are using Tzvetkoff's unique inside knowledge of how big online gambling companies shift money out of the US in exchange for a sweet deal


Full story at:
http://www.couriermail.com.au/ipad/w...-1226039907165