DOJ Releases Some of PokerStars Monies

Written by:
C Costigan
Published on:

The US Department of Justice this past week released an unspecified amount of money from a bank account belonging to PokerStars seized on April 15 as part of a massive probe into bank fraud and money laundering. 

The bank account in question

The DOJ agreed to release all funds in a particular Luxembourgish account except for $5.5 million, according to SubjectPoker.com.   Details of the arrangement were not immediately available. 

The specific bank in question is named as Bank Hapoalim Luxemburg in the name of Sphene International.  A number of the accounts listed in the lengthy indictment were held at this particular bank. 

PokerStars was one of three online poker rooms named in the indictment.  Full Tilt Poker and UB.com/Absolute Poker were also specified.  PokerStars is the only company of the three that has paid back all of its customers.  All three were forced to exit the US market.

- Chris Costigan, Gambling911.com Publisher

Poker News

Bulgarian poker legend Bozhkov faces extortion charges

Vasil Bozhkov is one of Bulgaria’s richest men and is famous worldwide for his outstanding poker skills.

Nelly Goes Nuts at Poker Table

Hiphop artist Nelly ("Hot in Here") got into a heated exchange with a fellow poker player following a performance in Connecticut.

New Mexico Poker

Sorry this page no longer exists.

Poker News - January 27, 2020: Fredrik Björklund Accused of Scamming Fellow Pro For WCOOP Entry

Welcome to our new Poker News blog, all the latest tournament, player and juicy stories related to the game for this day Monday January 27, 2020. 

Seminole Hard Rock Hotel & Casino Hollywood Announces Winner of 2020 Lucky Hearts Poker Open

Seminole Hard Rock Hotel & Casino Hollywood Announces Winner of 2020 Lucky Hearts Poker Open

Seminole Hard Rock Hotel & Casino in Hollywood, Fla. concluded its 2020 Lucky Hearts Poker Open (LHPO) Wednesday. Besting 843 entries in the WPT NLH Championship, Brian Altman, of Boston, Mass. made history by winning his second career WPT LHPO title for $482,636 plus a $15,000 entry into the season-ending Baccarat Crystal WPT Tournament of Champions.