buzzpaff
buzzpaff
Joined: Mar 8, 2011
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April 15th, 2011 at 4:44:18 PM permalink
The defendants include Isai Scheinberg and Paul Tate of Poker Stars; Raymond Bitar and Nelson Burtnick of Full Tilt Poker; and Scott Tom and Brent Beckley of Absolute Poker.
EvenBob
EvenBob
Joined: Jul 18, 2010
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April 15th, 2011 at 4:55:13 PM permalink
I'm amazed at the number of people on the forums saying they play poker for a living and are now out of a job.
"It's not enough to succeed, your friends must fail." Gore Vidal
gambler
gambler
Joined: Jan 11, 2010
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April 15th, 2011 at 5:16:55 PM permalink
Quote: EvenBob

I'm amazed at the number of people on the forums saying they play poker for a living and are now out of a job.



Maybe there will be tens of thousands of online poker player who will have to move to Canada!
Ayecarumba
Ayecarumba
Joined: Nov 17, 2009
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April 15th, 2011 at 5:30:47 PM permalink
Well, Steve Wynn just backed out of his recent alliance with PokerStars. "I'm shocked, shocked to find that gambling is going on in here!"
Simplicity is the ultimate sophistication - Leonardo da Vinci
JimMorrison
JimMorrison
Joined: Oct 19, 2009
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April 15th, 2011 at 6:07:38 PM permalink
This is the first step towards actually having legalized online poker in the US. No way were these sites going to get a free pass. Momentum has been building in several states and in D.C. to legalize it and I think that's what forced DOJ to act. Obviously they've been working on this for a while but the legalization movement forced indictments now. When the dust settles players will get paid, DOJ forced Neteller to pay and I can't see them doing differently here. Stars and Tilt may be done though so it might actually be a good thing that the Feds have the money, more likely you get paid.
EvenBob: "Look America, I have a tiny wee-wee, can anybody help me?"
zippyboy
zippyboy
Joined: Jan 19, 2011
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April 15th, 2011 at 7:13:20 PM permalink
Quote: EvenBob

I'm amazed at the number of people on the forums saying they play poker for a living and are now out of a job.


So they're out of a job, and broke also. Come to Vegas, baby! Plenty of poker tables for ya right here! I can hardly wait!
"Poker sure is an easy game to beat if you have the roll to keep rebuying."
buzzpaff
buzzpaff
Joined: Mar 8, 2011
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April 15th, 2011 at 8:57:25 PM permalink
What's the under/over on how much the sites will have send to the treasury? Can't see any fat cats doing anytime. Nothing will change on Wall Street till high rollers are sent to Attica, not Club Fed.

âThe key to the indictment is the bank fraud conspiracy charge. The factual basis for that charge includes the alleged misrepresentations about the nature of the transactions being processed, in effect, a cover-up,â says Kevin Di Gregory, a former federal prosecutor who is now a partner at Manatt, Phelps & Phillips. âThe government will argue that whether poker was gambling is irrelevant to proving this charge, but that nevertheless the efforts to mask the transactions suggests the defendants knew the gambling activity behind them was illegal.
zippyboy
zippyboy
Joined: Jan 19, 2011
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April 15th, 2011 at 10:28:34 PM permalink
Quote: Altut

The law is the law, and even though it'll likely soon change so we all can participate, learn to wait instead of looking for ways to manipulate the system.


But it's a stupid law, and all us smart folks are tired of waiting for the stupid people in class to catch up. It was the same way with Prohibition in the 20's. And Marijuana laws now. Wise up.
"Poker sure is an easy game to beat if you have the roll to keep rebuying."
clarkacal
clarkacal
Joined: Sep 22, 2010
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April 16th, 2011 at 12:06:51 AM permalink
What are the implications for online sportsbooks now, if any? Will they be next?

Also, why would the government reimburse seized funds to the players when they were involved in an illegal activity?
JimMorrison
JimMorrison
Joined: Oct 19, 2009
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April 16th, 2011 at 12:08:49 AM permalink
Quote: clarkacal

What are the implications for online sportsbooks now, if any? Will they be next?

Also, why would the government reimburse seized funds to the players when they were involved in an illegal activity?



Sportsbooks have always been under fire, I don't see any change.

Government will make sure players get their money because they aren't going to piss off the electorate more than they already have. Just like when the Neteller situation went down. DOJ made sure everyone got their money but it took time.
EvenBob: "Look America, I have a tiny wee-wee, can anybody help me?"

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