Friday, April 15, 2011

Could this be the end to online poker in the U.S.?

From Reuters:
The owners of three of the largest Internet poker companies operating in the United States were accused on Friday of tricking regulators and banks into processing billions of dollars of illegal Internet gambling proceeds.
Eleven people, including the owners of Full Tilt Poker, Absolute Poker and PokerStars, were charged with violating U.S. anti-Internet gambling laws, according to charges filed by federal prosecutors in Manhattan.
Prosecutors also filed civil money laundering charges seeking to recover at least $3 billion from the companies, which are all based overseas, court documents said.
The Internet domain names of the companies were also seized. Representatives for the companies could not immediately be reached to comment on the charges.
Two of the men were arrested on Friday, one is expected to turn himself in to law enforcement and eight others are not currently in the United States, prosecutors said.
http://www.reuters.com/article/2011/04/15/us-gambling-idUSTRE73E6HW20110415

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