..

Prosecutors Felt Compelled to Act Following Publication of Courier-News Article

Written by:
C Costigan
Published on:
Apr/15/2011
Online Poker Indictments

The US Attorney’s Office knew they had to act decisively following publication of an article detailing online poker payment processor Daniel Tzvetkoff’s cooperation with federal authorities.  Reporter Paul Toohey detailed Tvetkoff’s “disguised” transactions, a few dozen of which have since been obtained by Gambling911.com. 

Within hours of the article being published, authorities descended upon 11 defendants from the three largest US-facing Internet poker rooms, PokerStars, Full Tilt Poker and UB.com.  Two of the eleven individuals were apprehended in Nevada and Utah on Friday morning. 

Founders of the three poker rooms have been charged with bank fraud, money laundering and illegal gambling offenses.  All of the website domains were apparently seized, though Absolute Poker and Full Tilt Poker appeared to be back up in some locations.  It was unclear if local routers were in the process of being dismantled. 

The U.S. alleges the poker companies used fraudulent methods to circumvent federal law and trick U.S. banks and credit card issuers unwilling to process their payments.

In 2009, the US Attorney’s office indicted Douglas Rennick, another payment processor for Full Tilt Poker and PokerStars, the day after Gambling911.com filed a Motion to Intervene as a means of uncovering defendants named in a seizure affidavit.

Toohey had attempted to access information from the US Attorney’s office for the past two weeks but was unsuccessful.     

“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,” Bharara said in a statement. “Foreign firms that choose to operate in the United States are not free to flout the laws they don’t like simply because they can’t bear to be parted from their profits."

Antsy poker players were trying to gather information from the popular TwoPlusTwo.com posting forum with over 700 viewing the “Legislative” section, a record.   Close to 6000 people had accessed the thread related to these indictments within a matter of three hours.

This story continues to develop….Please bookmark this website and follow us on Twitter 24/7.

- Christopher Costigan, Gambling911.com Publisher

Gambling News

Draftkings Loses $161M Amid Pandemic, LeoVegas Revenues Surge

Draftkings Loses $161M Amid Pandemic, LeoVegas Revenues Surge

Without sports, the bookmakers were bound to take quite a hit.  During the global pandemic, books had to resort to simulations, Belarus football and - by far the most popular of all sports - Russian table tennis.   None of this really helped it seems.

Trade Group Report: Gambling Economy Hit Hard by Coronavirus

Trade Group Report: Gambling Economy Hit Hard by Coronavirus

The coronavirus and efforts to fight it have hit U.S. casinos and legal gambling businesses hard, leading to a nearly 79% drop in commercial gambling revenue for the second quarter of 2020, the industry’s trade association reported Thursday.

Neptune Man Arrested in Mugging of Keyport Man Returning From Monmouth Park

Suspect Arrested in Mugging of Keyport Man Returning From Monmouth Park

Authorities have made an arrest over a year after a Keyport, New Jersey man was robbed returning home from winning a significant amount of money at Monmouth Park.

Top 5 COVID-19 Related Gambling Trends You Can Expect to Take Shape Revealed!

Top 5 COVID-19 Related Gambling Trends You Can Expect to Take Shape Revealed!

Across the globe, various businesses and sectors are struggling to adapt to the new norm of COVID-19. The gambling sector is not spared either, with activities being crippled in several ways. The operators of the agencies can testify the industry is hit hard. Does a question arise about what you can expect from the betting sector from agencies and punters themselves? Here are some of the top trends you can expect to see during post lockdown related to gambling activities.  

Two Charged in $4 Mil Casino Theft, Macau Reopens

Two Charged in $4 Mil Casino Theft, Macau Reopens

Two people have been charged in an alleged Livermore gambling scheme involving a theft of about $4 million, state prosecutors said Monday.

Syndicate