..

Many Operators Have Doubts Full Tilt Poker Funds Actually Frozen

Written by:
Jenny Woo
Published on:
Jun/17/2011
Full Tilt Poker

A number of online gambling operators we have spoken to here in Costa Rica over the course of this past week have their doubts that Full Tilt Poker, Absolute and PokerStars funds were actually froze by US authorities despite news that came out on April 15 to the contrary.

An indictment against the three online poker rooms cites dozens of bank accounts reportedly frozen.

But operators we have spoken to on the condition of anonymity have their doubts.

“The US Government can’t just go to all these countries like Ireland and have bank accounts frozen like this.  It makes no sense,” expressed one operator.  “There is a lengthy process and the banks don’t have to comply.”

“They (the US Government) can just notify these international banks of their intent (to freeze assets),” another operator said.  “All these poker rooms were aware of the ongoing investigation by the US Attorney in the Southern District of New York.  They new the accounts associated with those individual processing for them and these guys would have removed money from those accounts long before Black Friday (April 15 when the indictments were publicized).”

So why then can’t Full Tilt Poker and Absolute Poker pay out their American customers?

“They can’t pay anyone in the States without the US Government tracing back where the funds are coming from,” the second operator we spoke to stated. 

He alluded to the fact that once funds reach US soil and travel through a correspondence bank in the States, the US Government can then freeze the funds and trace where they came from.  Those international banking institutions would then be notified.

Countries such as Malta and Antigua that are more friendly towards online gambling entities would tend not to view Full Tilt Poker’s activities in the US as a crime.  In theory, banks located in those countries are less likely to comply with US authorities requests.

“Most of us here in Costa Rica do not believe those accounts are actually frozen and Gambling911.com should get that message out to its readers,” the first operator relayed.

- Jenny Woo, Gambling911.com Senior International Correspondent

Poker News

Poker Player Fakes Cancer Diagnosis to Claim Free Tickets on ACR

Poker Player Fakes Cancer Diagnosis to Claim Free Tickets on ACR

Letter filled with multiple grammatical mistakes posted to the Web and player reportedly makes death threats to CEO, player ambassadors.

Americas Cardroom Boss to Stake 6 Players for $5 Million Venom in Fight Against Cancer

Americas Cardroom Boss to Stake 6 Players for $5 Million Venom in Fight Against Cancer

Americas Cardroom head honcho Phil Nagy vowed to stake 6 people to play in this week's Venom PKO online tournament with the profit split being half to the player and half to breast cancer awareness.

Suzie Zhao Murder Trial Delayed Until 2022: Poker Pro Burned Alive

Suzie Zhao Murder Trial Delayed Until 2022: Poker Pro Burned Alive

The new date has been set at January 3rd, 2022.  Jury selection was initially expected to take place this week in Oakland County, Michigan following two previous delays.

There is a Doyle Brunson Documentary Coming

According to a tweet from the ten-time World Series of Poker bracelet winner, a team have been filming for the last month with filming set to last "a lot longer".

Poker Pros Upset With Dealer Vax Exemption

Poker Pros Upset With Dealer Vax Exemption

Poker pros are crying foul over the recent mandate that requires entrants in the upcoming World Series of Poker be vaccinated, but not dealers.

Syndicate