Online Poker Indictments: Hopefully History Repeats Itself

Written by:
Guest
Published on:
Apr/18/2011

The question people are asking this Monday:  Will I get my money back from PokerStars, Full Tilt Poker, UB.com following Friday's indictments? 

It was early 2007 when Gambling911.com first broke the news that the two founders of online payment transfer company, NETeller, had been arrested on US soil.  At the time, NETeller was the biggest facilitator of payments for online gambling websites. 

Over a 24 hour period, some G911 readers reacted swiftly by withdrawing funds.  It would take another 24 hours before the major mainstream news outlets confirmed the story.

Ultimately, NETeller was shut off to US customers by the Justice Department.  Some lucky readers managed to get their funds out within that 24 hour window.  Others had to wait...and wait....and wait.

But for those countless number of poker players affected by this past Friday’s closure of PokerStars, Full Tilt and UB.com, past history suggests there is reason to be optimistic.

Following the NETeller arrests and subsequent settlement agreement, customers were ultimately paid within a period of nine months.  Those were trying times, but the US Justice Department did ensure everyone got paid.

On a sour note, BetOnSports (indicted in 2006) customers were not so lucky.  BOS company funds, however, were not seized as they were this past Friday.

We will still have to wait and see how this situation transpires. 

- Gambling911.com Staff

 

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

Gambling News

BingoSpirit.com Review l Complaints l Online Bingo From the US

BingoSpirit.com Review l Complaints l Online Bingo From the US

BingoSpirit.com is an online Bingo site licensed in Curacao that welcomes players from the United States and around the world.

GalaBingo.com Review l Complaints l Online Bingo From New Zealand, Netherlands

GalaBingo.com Review l Complaints l Online Bingo From New Zealand, Netherlands

GalaBingo.com is an online bingo site that also offers roulette, scratch cards, and video poker.  It is available to those in the United Kingdom, Ireland, Netherlands, New Zealand and another dozen nations.

How to Run an In-Play Sportsbook the Right Way

How to Run an In-Play Sportsbook the Right Way

In their "must read" book "The Logic of Sports Betting", Ed Miller and Matthew Davidow discuss the pitfalls of offering live in-play wagering, which now accounts for more than half of the betting activity at some offshore sportsbooks.

It's Official: Sports Betting Now Legal in Tennessee, Bookies Sweating the Blues

It's Official: Sports Betting Now Legal in Tennessee, Bookies Sweating the Blues

Check this off under "Knew it all along".  Tennessee officially legalized sports betting on Friday (May 24, 2019).

Tiger Drops the F Bomb After Being Asked About $85K Bet Made on Him to Win Masters

Tiger Woods dropped the F Bomb after being asked how he felt about someone wagering $85K on him to win the Masters.

Syndicate