..

Is Full Tilt Poker Being Asked to Break the Law Again?

Written by:
Ace King
Published on:
Apr/20/2011
Full Tilt Poker

Innocent until proven guilty but the US Government is alleging Full Tilt Poker broke the law by allowing online poker money transactions to occur to and from US citizens.  Now the US Attorney in the Southern District of New York, which prosecuted the case against Full Tilt, is asking them to do the same.  For now, Full Tilt is not biting.

The banks aren’t supposed to allow these transactions based on the Unlawful Internet Gaming Enforcement Act (UIGEA).  The only way they might do so is if Full Tilt Poker miscoded them.  That, of course, is deemed against the law.

As such, Full Tilt Poker has said that the opportunity to get its domain name back to facilitate payments to players is “a good first step”, but more is needed before they can go ahead with such plans.

Full Tilt Poker, PokerStars and UB.com were indicted on Friday, alleged to have violated the UIGEA.

Manhattan U.S. Attorney PREET BHARARA said: "On April 15th, this Office and the FBI took specific legal action against 11 individuals who allegedly engaged not merely in the operation of illegal gambling businesses, but in massive wire fraud, bank fraud, and money laundering, despite repeated warnings and clear notice that their conduct was illegal in the United States. No individual player accounts were ever frozen or restrained, and each implicated poker company has at all times been free to reimburse any player's deposited funds. In fact, this Office expects the companies to return the money that U.S. players entrusted to them, and we will work with the poker companies to facilitate the return of funds to players, as today’s agreements with PokerStars and Full Tilt Poker demonstrate."

- Ace King, Gambling911.com

 

Follow breaking headlines around the clock at Gambling911.com Twitter Here

Gambling News

Moving from Online Gambling to Virtual Reality Gambling 

Online gambling is one of the most flourishing businesses worldwide. A large number of people visit the internet to bet on their preferred sports and games.  In the last few decades, it has witnessed rapid growth due to technological innovations and advancement.

New Jersey Shatters Sports Betting Record

New Jersey Shatters Sports Betting Record

New Jersey’s fast-growing sports betting market blew past its own national record in September, taking in more than $748 million in bets from sports gamblers finally able to wager on football amid the coronavirus outbreak.

Can't Bet on Draftkings From California

Can't Bet on Draftkings From California

You have seen the ads.  Draftkings is all over the place during sporting events.  But if you live in California, Draftkings is not available for betting.

Dog Day Afternoon Week 6 NFL

Dog Day Afternoon Week 6 NFL

If you were betting the dogs this past weekend in the NFL, chances are you did pretty well.

BetOnline Under Aggressive Cyber Attack

BetOnline Back Up After Massive Cyber Attack

BetOnline has come under an aggressive cyber attack per the site itself and Dave Mason, who continues to monitor the situation after taking a previously scheduled day off.

Syndicate