Three Largest Online Gambling Sites Shut Down by FBI

Damocles

Damocles

Accedo!
Staff member
http://latimesblogs.latimes.com/mon...oker-sites-indicted-and-shut-down-by-fbi.html

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.

Prosecutors are seeking to immediately shut down the sites and to eventually send the executives to jail and to recover $3 billion from the companies. By Friday afternoon Full Tilt Poker’s site displayed a message explaining that “this domain name has been seized by the F.B.I. pursuant to an Arrest Warrant.”

The online gambling industry has taken off over the last decade, drawing an estimated 15 million Americans to bet online.

In 2006 Congress passed a law curtailing online gambling. Most of the leading sites found ways to work around the law, but prosecutors allege that in doing so they broke the law.

More at link...
 
A great decision, long overdue.

I just wish they'd hurry up and ban sex and alcohol.

It's about time the authorities made it safe, once more, for children to cross the internets in safety.
 
Internet gambling is coming to D.C.

The District is becoming the first U.S. jurisdiction to allow Internet gambling, trying to raise millions of dollars from the habits of online poker buffs and acting ahead of traditional gambling meccas like New Jersey and Nevada.

Permitting the online games was part of the 2011 budget and a 30-day period for Congress to object expired last week, said D.C. Council member Michael A. Brown, who authored the provision.

The gaming would be operated by Intralot, a Greek company, and would be available only to gamblers within the borders of the District.

Officials were not sure when the gaming would be up and running, though D.C. lottery officials said they were in talks with their vendor and expect to know more within weeks.

Though other states have contemplated legalizing online poker, experts said the district would be the first jurisdiction in the country to do it.

The move to legalize the games comes despite a 2006 federal law that effectively banned Internet gambling. The law basically prohibited banks and credit card companies from processing payments from gambling companies to individuals. But the law is murky, and gambling experts say it created enough grey areas to open the door for a deeper expansion into the multibillion dollar industry.

http://www.washingtonpost.com/blogs...is-coming-to-dc/2011/04/13/AF62F4UD_blog.html

:confused:
Obama's stormtroopers shutdown 3 online gambling sites and allow the one in DC to eventually open???
 
You must log in or register to reply here.
Back
Top