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DOJ Seizes Online Poker Site Domains 379

Posted by Soulskill
from the know-when-to-fold-em dept.
An anonymous reader writes "Federal authorities have seized Internet domain names used by three major poker companies. The indictment charges eleven defendants (PDF), including the founders of PokerStars, Full Tilt Poker and Absolute Poker, with bank fraud, money laundering and illegal gambling offenses, according to Federal authorities in New York. The United States also filed a civil money laundering and in rem forfeiture complaint against the poker companies, their assets, and the assets of several payment processors for the poker companies."
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DOJ Seizes Online Poker Site Domains

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  • Re:Fed up (Score:5, Interesting)

    by Antisyzygy (1495469) on Friday April 15, 2011 @03:40PM (#35833030)
    These online sites had no regulation. They could have just stacked the deck with a computer algorithm every time, or had house players cooperating with eachother at the table. My brother use to play these sites and he said many times there would be teams of players that all knew eachothers cards. It makes it a lot easier to find out what the other opponents have and bet accordingly with unfair advantage. They presumably split the winnings.
  • Re:Fed up (Score:4, Interesting)

    by Antisyzygy (1495469) on Friday April 15, 2011 @03:48PM (#35833140)
    Its still fraud. Whether or not online gambling should be legal, they still lied to banks, and created shell companies to launder illegally obtained money. No doubt they knew this day would come someday and have secret accounts overseas. I don't feel sorry for them.
  • by SolemnDwarf (863575) on Friday April 15, 2011 @03:48PM (#35833144)

    It's a false dilemma, but if I had to choose between no gambling and unregulated gambling, I'd likely choose the former.

    And I'd choose the latter.

    Absolute bullshit. I find this kind of intervention ridiculous. It all comes down to money. They saw a thriving business that they couldn't get their claws into, so they shut it down.

    As I read on /. the other day: "It's fun, therefore it's not allowed."

  • by NetShadow (132017) on Friday April 15, 2011 @04:02PM (#35833336)

    Online poker where the server is run outside the United States, may not be illegal in the US. At least the wire act used to prosecute people sending money to sports books and the like does not appear to apply to poker specifically, nor has anyone in the US been successfully prosecuted for online poker.

    What *is* illegal as of the recent UIGEA act is for banks to provide you the ability to send your money to / receive money from these online gaming sites. Regardless of the facts, many state and federal officials persist in calling online poker illegal, despite it not apparently breaking any laws.

    See this quote:


    The indictment sets up a complicated global legal battle between the Department of Justice and the online poker entrepreneurs who have long argued that their operations in the U.S. do not violate U.S. law. Indeed, in recent days, one of the nation’s most prominent casino billionaires, Steve Wynn, announced a strategic relationship with PokerStars and said “in the United States of America the Justice Department has an opinion but several states have ruled and courts have agreed that poker is a game of skill, it’s not gambling. PokerStars rests their argument on that.”

  • by RicktheBrick (588466) on Friday April 15, 2011 @04:48PM (#35833946)
    There is a new site called Quibids.com that disguises itself as a bidding site but is actually a gambling site. The site charges 60 cents a bid. It is so deceptive because if one goes to the site one sees things being bid for at less than 10 per cent of their retail value. One thinks at such a low price maybe I should bid on the product. Now suppose they have a $1,000 product and start the bidding at $1.00. Now most people bid only a penny more each bid therefore after the bidding for the product reaches $17.67 one can calculate that 1,667 people have bid on that product. Multiplying that by 60 cents a bid one can see that the site has received the $1,000 for the product so the product should be given to the lucky last bidder. It is all a sham since the honest thing to do would be to sell raffle tickets for the product and after the required amount of ticket were sold than have a computer choose which one of those people is lucky enough to get the product for free. I have gone to the site and I just feel the greedy part of me trying to get me to bid but the intelligent part tells me to stay completely off the site. I can see where others will get hooked on it and lose a lot of money.
  • by ZombieBraintrust (1685608) on Friday April 15, 2011 @05:54PM (#35834724)
    You don't actually own domain names. You don't buy a domain names. You register them. The US government controls the registration or .com names. They can kick you off of a domain name the same way Slashdot can ban your account. Your rites are based of the contract you signed when you registered the domain.

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