The founders of PokerStars, Absolute Poker and Full Tilt Poker along with 11 other people were charged with fraud yesterday by U.S Attorney Preet Bharara in Manhattan.
The charges are the latest by Bharara in a series of criminal cases against Internet gambling company’s recently. The current case is seeking $3 Billion in penalties and forfeitures from the founders.
According to the charges, the companies were involved in tricking banks into processing payments to offshore gambling websites after the U.S enacted a law in 2006 preventing them from doing show.
The founders of PokerStars, Absolute Poker and Full Tilt Poker apparently had a scheme going where they would trick some U.S banks and bring in others to continue the massive multi-billion dollar flow of income.
- Source: Bloomberg
- By: kareem@techsual.com
I am 77 years old and enjoy playing poker on line. Now the government is taking that away from me, what will be next?
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