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Breaking News: US Government to Take Control of Absolute Poker Assets

Written by:
C Costigan
Published on:
Jul/31/2012
US Government to Take Control of Absolute Poker Assets

The US Government on Tuesday July 31, 2012 requested that the Court grant custody of all Absolute Poker assets.  Presumably players would be paid at least a partial amount of monies owed provided they filed an action with the US Justice Department. 

US Attorney in the Southern District of New York Preet Bharara filed the motion. 

Case 1:11-cv-02564-LBS on PACER:

CONCLUSION
For the reasons set forth above, the Government
respectfully requests that the Court (1) enter the Absolute
Settlement; and (2) enter an order authorizing the United States
Marshals Service to take custody of the Absolute Assets and
conduct an interlocutory sale of those assets. A proposed order
is attached hereto.
Dated: New York, New York
July 31, 2012
Respectfully submitted,
PREET BHARARA

07/31/2012 237 MOTION For (1) the Entry of a Proposed Stipulated Order of Settlement Between the United States and Certain Absolute Poker-Affiliated Entities and (2) the Interlocutory Sale of All Assets of Those Entities. Document filed by United States Of America.(Cowley, Jason) (Entered: 07/31/2012)

07/31/2012 238 MEMORANDUM OF LAW in Support re: 237 MOTION For (1) the Entry of a Proposed Stipulated Order of Settlement Between the United States and Certain Absolute Poker-Affiliated Entities and (2) the Interlocutory Sale of All Assets of Those Entities. MOTION For (1) the Entry of a Proposed Stipulated Order of Settlement Between the United States and Certain Absolute Poker-Affiliated Entities and (2) the Interlocutory Sale of All Assets of Those Entities.. Document filed by United States Of America. (Attachments: # 1 Text of Proposed Order)(Cowley, Jason) (Entered: 07/31/2012)

07/31/2012 239 DECLARATION of AUSA Jason H. Cowley in Support re: 237 MOTION For (1) the Entry of a Proposed Stipulated Order of Settlement Between the United States and Certain Absolute Poker-Affiliated Entities and (2) the Interlocutory Sale of All Assets of Those Entities. MOTION For (1) the Entry of a Proposed Stipulated Order of Settlement Between the United States and Certain Absolute Poker-Affiliated Entities and (2) the Interlocutory Sale of All Assets of Those Entities.. Document filed by United States Of America. (Attachments: # 1 Exhibit A, # 2 Exhibit B)(Cowley, Jason) (Entered: 07/31/2012)

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Last week an executive from Absolute Poker charged with money laundering and bank fraud on April 15, 2012 was sentenced to almost two years in prison.

It was unclear the amount remaining in bank accounts as some funds from foreign banks could already have been withdrawn by one or more of the company officials.   

- Chris Costigan, Gambling911.com Publisher

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