Full Tilt Poker Seized
April 16, 2011 by staff
Full Tilt Poker Seized, If you try to go to Full Tilt Poker, PokerStars, Absolute Poker or will find it has all been confiscated by the U.S. Federal Government bank fraud, gambling and money laundering offenses.
If you have already downloaded the software and live outside the United States, you should be good to play any of the “money” games you want.
Preet Bharara is the federal agent leading the investigation, and why the world’s largest poker sites, and 11 individuals involved are facing criminal charges.
Prosecutors allege that the founders of Full Tilt Poker, PokerStars, Absolute Poker, including banks and credit card processors, were trying to circumvent laws prohibiting banks and credit card companies from processing online payments gambling in the United States.
In 2006, cash games online were prohibited, but the largest poker sites still make billions of dollars to move their businesses abroad, but still operating in the United States.
Also in that same year, became a crime to knowingly accept any electronic payment was in connection with Internet gambling.
Apparently, the banks process payments, to the tune of billions, to look like “other items” such as jewelry and flowers when in fact, were the gambling payments.
As news about online gaming goes, the “no money” games are not the problem, the “price” of games.
Poker’s founders say it has not violated any federal crimes related to online poker, because they believe that online poker is not a crime.
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