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Friday, April 15, 2011

Online Poker Sites Seized

According to the latest report from the Los Angeles Times, the top three online poker sites were shut down and seized by the FBI for money laundering activities. PokerStars, Full Tilt Poker, and Absolute Poker have been shut down and the websites now only offer a FBI and Department of Justice notification that the poker game is over…

The founders of the three largest online poker sites were indicted on Friday in what could serve as a death blow to a 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. – LA TIMES

Check out the links here if you like:

Full Tilt Poker
Absolute Poker

No need to ante up for the next poker hand anymore. That is unless you would like to play a few hands of poker with an FBI agent for coffee money. You can read the full indictment HERE.


***Thank you Memeorandum for the link...

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Anonymous Chell said...

Why should the government be deciding whether or not adults can gamble with their own money in the first place?

11:13 PM  
Blogger Papamoka said...

I'm not sure why the law was passed in 2006 Chell? I just posted a link to the full indictment and it looks like there was some funny business going on with troubled banks to process phony payments from bogus websites to get around the law.

8:09 AM  
Blogger RobertHorton said...

As much as I hate to say it, the whole online community in USA faced doom in "Black Friday."

2:21 AM  

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