Online Poker: Welcome to the Bank of Al Qaeda, 6-Year Old Gamblers

Written by:
C Costigan
Published on:
Bank of Al Qaeda

The GOP has taken a tough stance against legalizing online poker following last Friday’s crackdown, linking the activity to everything from drug trafficking to Al Queda.

A software engineer recently wrote to Congress, expressing fears that Democrat Barney Frank’s co-sponsored bill to legalize online gambling (HR 1174) is effectively an invitation for the 'Bank of Al Qaeda’.

Jim Thackston, of Sun Coast Data Solutions, argues that Internet poker software could be used by terrorists to launder funds.

"As HR 1174 moves through the legislative process, every member of Congress should be made aware of the undetectable nature of this threat," he said.

And apparently, Thackston is being taken seriously enough that members of US Homeland Security met with the software engineer.  He reportedly demonstrated to the Department, as well as the Florida State Department of Law Enforcement how individuals and organizations could transfer large amounts of money across virtual card room tables without leaving any records

Republican Spencer Bachus has a slightly different angle in recent years, suggesting online poker sites enable minors to gamble more easily from the comfort of their own homes or portable devises.

“Off-shore Internet gambling sites operating in the United States are all illegal and therefore, by definition, are criminal enterprises," said House Financial Services chairman Bachus (R-Ala.) in an interview with The Hill on Wednesday.

“For years, I have been warning about the particular dangers illegal Internet gambling poses, especially to our young people, many of whom are becoming addicted to gambling at increasingly early ages," Bachus said.

While opponents of online gambling prohibition argue that Frank’s bill looks to regulate the multi-billion dollar industry while ensuring safeguards are put in place, one Congressional aide told The Hill that Congress has little appetite for legalizing Web poker at this time.

The aide said that Frank's libertarian line of reasoning shouldn't apply in this case because online gambling results in harm to others in addition to the gambler, according to The Hill.

Three of the largest online poker rooms – PokerStars, Full Tilt Poker and UB.com – were indicted last Friday and charged with money laundering and bank fraud.  The complaint alleges that founders of PokerStars and Full Tilt are alleged to have invested large sums of money into at least one bank with the promise that they would act as an eCom center for “misrepresented” gambling transactions. 

- Christopher Costigan, Gambling911.com Publisher


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

Gambling News

NHL Response to Betting Claims: Hard to Find the Proper Moral High Ground to Occupy

One thing seems clear by glancing at social media surrounding San Jose Sharks forward Evander Kane. He has some issues, and his wife says betting on his own team is one of them.  But with the NHL all in on sports betting, their reaction makes the whole situation awkward.

Bradley Beal Next Team Odds If Traded

Bradley Beal Next Team Odds If Traded

The Celtics do have an opportunity to land Beal with payout odds of $500 for every $100 bet, but the hapless Knicks remain favorites.

What is the Worst Online Horse Racing Affiliate Program?

What is the Worst Online Horse Racing Affiliate Program?

As big as they are and the type of presence during major horse races such as the Kentucky Derby, noted horse racing expert Michael Dempsey slammed TwinSpires for what he claims is "the absolute worst (affiliate program) I have ever dealt with".

Odds Suggest History Will Be Made in Boston Mayoral Election

Odds Suggest History Will Be Made in Boston Mayoral Election

Boston's six-candidate field for September's primary is diverse, with all but one being people of color and all but two being women. If a woman is elected, as the odds suggest, it will be the first time in history Boston elects a woman mayor.

824 Arrests in Euro 2020 Gambling Bust

824 Arrests in Euro 2020 Gambling Bust

Hong Kong police on Monday arrested 824 and seized records detailing HK$3.6 billion worth of bets tied to an illegal sports gambling ring.