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Post by Kliquid on Apr 15, 2011 16:02:33 GMT -5
They don't have the money to pay our troops and they are running at deficits the likes of which the world has never seen before... But the federal government will be DAMNED if they allow these dangerous criminals who run online poker websites get away! #YourTaxDollarsHardAtWork #USAUSAUSAUSA ------------------------------------------------------- Three largest online poker sites indicted and shut down by FBIThe founders of the three largest online poker sites were indicted by the FBI on Friday in what could serve as a death blow to the thriving industry. Eleven executives at PokerStars, Full Tilt Poker and Absolute Poker were charged with bank fraud and money laundering in an indictment unsealed in a Manhattan court. Two of the executives 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 prohibiting online gambling. Most of the leading sites found ways to work around the law using foreign banks, but prosecutors allege that in doing so they broke the law. “These defendants concocted an elaborate criminal fraud scheme, alternately tricking some U.S. banks and effectively bribing others to assure the continued flow of billions in illegal gambling profits,” Preet Bharara, the U.S. attorney in Manhattan, said in a statement. Poker fans took to Twitter in droves, worried about the money in their online gaming accounts, fretting that online poker's days were at an end. "Well the good news is I think I only had about $300 left on the online poker sites overall," tweeted Jimi Schindler of Madison, Wis. "Maybe I'll see that money?!!?"
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Post by slappy on Apr 15, 2011 16:07:24 GMT -5
Ridiculous that it is illegal. If it wasn't illegal these charges would be unfounded.
We can't send the banksters to jail but we can send people who run some poker sites to jail. Way to have priorities.
Also, did you see Lenny Dykstra was arrested today.
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Post by T R W on Apr 15, 2011 16:15:12 GMT -5
Didn't they just approve a DC based online gambling company?
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Post by Byron F'N Saxton Fan on Apr 15, 2011 16:18:09 GMT -5
If it means I don't have to see any more commercials for these places, it's fine with me to shut them down.
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Post by BcBlingin- Scooter Glenwood on Apr 15, 2011 16:54:02 GMT -5
Wow that really sucks. I used to play pokerstars but dont anymore. Alot of people have hundreds of thousands of dollars on there hope they get it back!
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Post by King Silva on Apr 15, 2011 17:30:58 GMT -5
Damn that is bad news.
I didn't know it was illegal.
I never played for money but used to play just for fun since I am a fan of poker.
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Post by sean™ on Apr 15, 2011 17:32:58 GMT -5
HDNet and Inside MMA are going to be pissed. Full Tilt Poker just became one of their sponsors.
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Blackbird 13
Main Eventer
Joined on: Sept 6, 2005 3:32:41 GMT -5
Posts: 3,242
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Post by Blackbird 13 on Apr 15, 2011 17:51:10 GMT -5
This is such BS. If I work to earn my money, I should be able to spend it however I damn well please, and the only reason that the poker sites had to move money around through different accounts is because of a piece of idiotic legislation that was snuck into another anti-terrorism bill.
I can say without feeling the least bit bad about it that I hope each and every politician who's "supported" attacking the online poker sites so vehemently ends up losing every dollar they have. Just to even out the stacks of cash they're stealing from American citizens.
Glad that I didn't still have more than a few bucks on PokerStars, but still.....
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Post by DMO™ on Apr 15, 2011 21:47:09 GMT -5
maybe now those mother ing popups will stay away....jerks.
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Post by Lord Ragnarok on Apr 15, 2011 23:46:46 GMT -5
Ridiculous that it is illegal. If it wasn't illegal these charges would be unfounded. We can't send the banksters to jail but we can send people who run some poker sites to jail. Way to have priorities. Also, did you see Lenny Dykstra was arrested today. XD
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Post by DgenerationX092 on Apr 16, 2011 0:31:15 GMT -5
Full tilt still works on my computer?
My dad only plays 'play money' and it seems to still be working. so whats this about then?
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Post by slappy on Apr 16, 2011 0:35:43 GMT -5
Full tilt still works on my computer? My dad only plays 'play money' and it seems to still be working. so whats this about then? It says they are seeking to shut it down, so who knows when it will go down. Could be right after I post this or it could be tomorrow.
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Post by juicewinslow on Apr 16, 2011 2:20:34 GMT -5
One of my friends on Facebook: " you feds for shutting down my poker account and seizing my assets." People are pissed.
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Post by Kliquid on Apr 16, 2011 14:27:12 GMT -5
This is such BS. If I work to earn my money, I should be able to spend it however I damn well please, and the only reason that the poker sites had to move money around through different accounts is because of a piece of idiotic legislation that was snuck into another anti-terrorism bill. I can say without feeling the least bit bad about it that I hope each and every politician who's "supported" attacking the online poker sites so vehemently ends up losing every dollar they have. Just to even out the stacks of cash they're stealing from American citizens. Glad that I didn't still have more than a few bucks on PokerStars, but still..... Yep, indeed.
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hbkrules
Main Eventer
WF 10 Year Member
Joined on: Jun 18, 2002 11:49:32 GMT -5
Posts: 2,115
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Post by hbkrules on Apr 16, 2011 23:22:19 GMT -5
I agree that the law is stupid but none the less it is clear that these sites did actively try to break/circumvent the laws. So I think they did deserve to be shut down, whether you like the laws or not businesses need to follow them. Hopefully online gambling will be made legal soon.
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Post by slappy on Apr 16, 2011 23:45:04 GMT -5
I agree that the law is stupid but none the less it is clear that these sites did actively try to break/circumvent the laws. So I think they did deserve to be shut down, whether you like the laws or not businesses need to follow them. Hopefully online gambling will be made legal soon. So we should just do what the government or police say. If they deem something illegal or unlawful then we can't do it. Doesn't matter, just obey the masters.
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Post by Kliquid on Apr 17, 2011 0:14:01 GMT -5
Don't question the laws. Shut up and eat your damn cookie.
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Post by Kliquid on Apr 17, 2011 13:52:33 GMT -5
Ron Paul Before the Financial Services Committee Subcommittee on Domestic & International Monetary Policy of the US House of Representatives, April 2, 2008: Hearing on Proposed UIGEA Regulations
Mr. Chairman, I stand opposed to the regulations being discussed today because I opposed the underlying bill upon which these regulations are based. The ban on Internet gambling infringes upon two freedoms that are important to many Americans: the ability to do with their money as they see fit, and the freedom from government interference with the Internet.
The proper role of the federal government is not that of a nanny, protecting citizens from any and every potential negative consequence of their actions. Although I personally believe gambling to be a dumb waste of money, American citizens should be just as free to spend their money playing online poker as they should be able to buy a used car, enter into a mortgage, or invest in a hedge fund. Risk is inherent in any economic activity, and it is not for the government to determine which risky behaviors Americans may or may not engage in.
The Internet is a powerful tool, and any censorship of Internet activity sets a dangerous precedent. Many Americans rely on the Internet for activities as varied as watching basketball games, keeping up on international news broadcasts, or buying food and clothing. In the last few years we have seen ominous signs of the federal government's desire to control the Internet. The ostensible reasons are to protect Americans from sex offenders, terrorists, and the evils of gambling, but once the door is open to government intrusion, there is no telling what legitimate activity, especially political activity, might fall afoul of government authorities.
The regulations and underlying bill also force financial institutions to act as law enforcement officers. This is another pernicious trend that has accelerated in the aftermath of the Patriot Act, the deputization of private businesses to perform intrusive enforcement and surveillance functions that the federal government is unwilling to perform on its own.
In conclusion, I urge my colleagues to oppose these new regulations and support Chairman Frank's HR 2046, of which I am a cosponsor. Although this bill has been criticized by some for its regulatory aspects, this act does not create any new federal laws and merely ensures that Internet gambling firms comply with existing federal law. The passage of HR 2046 would restore the right of Americans to decide for themselves whether or not to gamble online.
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Post by Hulkamaniac on Apr 17, 2011 14:08:57 GMT -5
Hold the thread for a minute. Lenny Dykstra was arrested....again? Guy was my favorite player as a kid by far.
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Blackbird 13
Main Eventer
Joined on: Sept 6, 2005 3:32:41 GMT -5
Posts: 3,242
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Post by Blackbird 13 on Apr 17, 2011 14:29:23 GMT -5
Ron PaulBefore the Financial Services Committee Subcommittee on Domestic & International Monetary Policy of the US House of Representatives, April 2, 2008: Hearing on Proposed UIGEA Regulations
Mr. Chairman, I stand opposed to the regulations being discussed today because I opposed the underlying bill upon which these regulations are based. The ban on Internet gambling infringes upon two freedoms that are important to many Americans: the ability to do with their money as they see fit, and the freedom from government interference with the Internet. The proper role of the federal government is not that of a nanny, protecting citizens from any and every potential negative consequence of their actions. Although I personally believe gambling to be a dumb waste of money, American citizens should be just as free to spend their money playing online poker as they should be able to buy a used car, enter into a mortgage, or invest in a hedge fund. Risk is inherent in any economic activity, and it is not for the government to determine which risky behaviors Americans may or may not engage in. The Internet is a powerful tool, and any censorship of Internet activity sets a dangerous precedent. Many Americans rely on the Internet for activities as varied as watching basketball games, keeping up on international news broadcasts, or buying food and clothing. In the last few years we have seen ominous signs of the federal government's desire to control the Internet. The ostensible reasons are to protect Americans from sex offenders, terrorists, and the evils of gambling, but once the door is open to government intrusion, there is no telling what legitimate activity, especially political activity, might fall afoul of government authorities. The regulations and underlying bill also force financial institutions to act as law enforcement officers. This is another pernicious trend that has accelerated in the aftermath of the Patriot Act, the deputization of private businesses to perform intrusive enforcement and surveillance functions that the federal government is unwilling to perform on its own. In conclusion, I urge my colleagues to oppose these new regulations and support Chairman Frank's HR 2046, of which I am a cosponsor. Although this bill has been criticized by some for its regulatory aspects, this act does not create any new federal laws and merely ensures that Internet gambling firms comply with existing federal law. The passage of HR 2046 would restore the right of Americans to decide for themselves whether or not to gamble online. Well said.. and I'm hoping that Paul runs in 2012, because from all I've seen, I'm pretty sure he'll have my vote..
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