Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
- Thread starter kevsf1980
- Start date
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
I'll also post a website on what you think? I luckily was just playing with free money on those Poker Sites, if I put real money, my money would be gone.
11 charged in US crackdown on online poker - Yahoo! News
I'll also post a website on what you think? I luckily was just playing with free money on those Poker Sites, if I put real money, my money would be gone.
11 charged in US crackdown on online poker - Yahoo! News
mr merlin
EOG Master
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
I made a deposit through a book this fall and received an alert from my credit card co asking if I purchased electrical equipment out of Dubai...of course I said yup! Technically that's fraud on the part of the book.
The govt's charges of fraud refers to their practice of trying to mask the nature of the transactions as they processed players money, they're not being charged with cheating anyone or anything similar - it's exactly the same as these sportsbooks that still process credit cards and when the charge comes through its for some weird product from some phoney company.
I made a deposit through a book this fall and received an alert from my credit card co asking if I purchased electrical equipment out of Dubai...of course I said yup! Technically that's fraud on the part of the book.
WMtribe17
EOG Dedicated
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
I can probably wave bye bye to the 3k I had on Fulltilt...
Its probably only a matter of time IMO before they start going for the smaller US poker sites. If you have money on other sites (i.e. Carbon poker), I would get my money out soon
I can probably wave bye bye to the 3k I had on Fulltilt...
Its probably only a matter of time IMO before they start going for the smaller US poker sites. If you have money on other sites (i.e. Carbon poker), I would get my money out soon
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
I would recommend this, if you made a good amount like 3K, should of taken out at least 1K depending on how many wages even if it costs an extra buck or two. Your 3K is gone, trust me, hope it didn't cost you 4K to gamble, now that would be insult to injury. If I were you, I would rather try to sign up with sites that offer maybe person to person transaction. It might be better that way even if it costs about $20-$25 per fee to get it. If it's a bank wire, you don't know what the banks will think and what if the government comes to you and asks for the taxes because of what you've won or hit you with a huge fine. So at the end, is playing Live Poker at a casino the only way?
I would recommend this, if you made a good amount like 3K, should of taken out at least 1K depending on how many wages even if it costs an extra buck or two. Your 3K is gone, trust me, hope it didn't cost you 4K to gamble, now that would be insult to injury. If I were you, I would rather try to sign up with sites that offer maybe person to person transaction. It might be better that way even if it costs about $20-$25 per fee to get it. If it's a bank wire, you don't know what the banks will think and what if the government comes to you and asks for the taxes because of what you've won or hit you with a huge fine. So at the end, is playing Live Poker at a casino the only way?
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
I know what you mean, and they got too greedy because they have so many top poker superstars to wear their hats and t-shirts. At this point yes, but in the very near future, we all don't know but I highly think it will get shutdown and PokerStars.com almost teamed up with Wynn Resorts which is one of the hugest 5-Star Las Vegas Casinos. Watch they track Steve Wynn down and put a couple of charges on him for trying to partner up with them for trying to go online with them as well.
I know what you mean, and they got too greedy because they have so many top poker superstars to wear their hats and t-shirts. At this point yes, but in the very near future, we all don't know but I highly think it will get shutdown and PokerStars.com almost teamed up with Wynn Resorts which is one of the hugest 5-Star Las Vegas Casinos. Watch they track Steve Wynn down and put a couple of charges on him for trying to partner up with them for trying to go online with them as well.
mr merlin
EOG Master
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
The govt seized only domain names, they didn't seize the companies(they still operate now, with tens of thousands playing currently), some bank accounts were frozen, not all the money these sites have. Considering that americans were about 25-30% of poker stars base and maybe 1/2 of full tilts, they should still be fine.
Hornolocus
EOG Member
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
I don`t think it has anything to do with the actual money players have on those sites. It`s only avoiding tax stuff and your money should be safe
I don`t think it has anything to do with the actual money players have on those sites. It`s only avoiding tax stuff and your money should be safe
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
If you have money in any one of the three sites, leave it in there. First, if you try and take it out, you may, or may not be successful. Next, if you DO get your money, the Feds and IRS get all of your information. That is not good. What happened was that these companies set up phony businesses "fronts" in the U.S. to do their financial transactions. They have been caught. You are talking about billions of dollars involved here. If one of your transactions went through one of these phony companies, you could be in trouble. There are already rumors in D.C. about a deal for these companies. They would pay big money in fines, and would give the Feds a list of their U.S. players. That means that if you were a big winnner, and failed to pay taxes on your winnings, you would have a major problem. The smart move here is to do nothing now, and see how this plays out. You can expect more of this soon. It is possible that just before the football season starts, the Feds do the same thing to several sports books. I would take as much money out of my sportsbooks account as I could now, in the "down" season. You may want to wait until the playoffs in hockey and hoops are finished, if you like to wager on those sports. But keep as little as possible in your accounts until we see what happens in the near future.
If you have money in any one of the three sites, leave it in there. First, if you try and take it out, you may, or may not be successful. Next, if you DO get your money, the Feds and IRS get all of your information. That is not good. What happened was that these companies set up phony businesses "fronts" in the U.S. to do their financial transactions. They have been caught. You are talking about billions of dollars involved here. If one of your transactions went through one of these phony companies, you could be in trouble. There are already rumors in D.C. about a deal for these companies. They would pay big money in fines, and would give the Feds a list of their U.S. players. That means that if you were a big winnner, and failed to pay taxes on your winnings, you would have a major problem. The smart move here is to do nothing now, and see how this plays out. You can expect more of this soon. It is possible that just before the football season starts, the Feds do the same thing to several sports books. I would take as much money out of my sportsbooks account as I could now, in the "down" season. You may want to wait until the playoffs in hockey and hoops are finished, if you like to wager on those sports. But keep as little as possible in your accounts until we see what happens in the near future.
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
I know what you are saying, so just do nothing now, what about the other sports book sites with poker? Should I still sign up? I am 50/50 on a lot and don't want the Feds to chase after me, you know what I mean. This is just the beginning, I am afraid that it might get big, The WSOP can be the biggest loser because they endorse every tourney and sponser so many top names in poker today. I'll just wait until the end see what happens to this case, it's a bad time for the WSOP and other poker players whom probably do this as a living, too. Damn, this is a bitch.
I know what you are saying, so just do nothing now, what about the other sports book sites with poker? Should I still sign up? I am 50/50 on a lot and don't want the Feds to chase after me, you know what I mean. This is just the beginning, I am afraid that it might get big, The WSOP can be the biggest loser because they endorse every tourney and sponser so many top names in poker today. I'll just wait until the end see what happens to this case, it's a bad time for the WSOP and other poker players whom probably do this as a living, too. Damn, this is a bitch.
nomamesguey
EOG Senior Member
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
most people dont seem to think they get paid we''ll see
most people dont seem to think they get paid we''ll see
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
Live is better but online is coming up big time, no live poker can offer free rolls and free contests. Tell me when Live offers free stuff, money and a lot of other tourneys, we can choose tell me, but online is more convienent and you can choose to play any tourney you want, either its a for a free roll or buy in cash. And we don't have to pay and tip for drinks and food. All we pay is regular priced food with our can of beer and playing poker. If that was offered, I'd be on Live every time.
Live is better but online is coming up big time, no live poker can offer free rolls and free contests. Tell me when Live offers free stuff, money and a lot of other tourneys, we can choose tell me, but online is more convienent and you can choose to play any tourney you want, either its a for a free roll or buy in cash. And we don't have to pay and tip for drinks and food. All we pay is regular priced food with our can of beer and playing poker. If that was offered, I'd be on Live every time.
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
We just have to see how it unravels, PokerStars and Full Tilt didn't want to do it legit so they got caught and they are going to pay the price and go to jail for at least 5 years and thats just for 1 charge, what about the rest of the charges?
We just have to see how it unravels, PokerStars and Full Tilt didn't want to do it legit so they got caught and they are going to pay the price and go to jail for at least 5 years and thats just for 1 charge, what about the rest of the charges?
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
They are going to court, 11 arrests has been made, yes, they will most likely go to trial on trials of fraud, money laundering and all that other stuff. Let's just see what happens, let me know if your withdrawl goes through or will it be on hold or anything like that.
They are going to court, 11 arrests has been made, yes, they will most likely go to trial on trials of fraud, money laundering and all that other stuff. Let's just see what happens, let me know if your withdrawl goes through or will it be on hold or anything like that.
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
The Feds seized 76 bank accounts associated with FT, PS, AP, etc. I hope you get your money, but it is not looking good. Keep us posted.
The Feds seized 76 bank accounts associated with FT, PS, AP, etc. I hope you get your money, but it is not looking good. Keep us posted.
mr merlin
EOG Master
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
I dont know where you guys get your info, what I read is they issued 11 indictments, but only arrested 2 or 3 guys(the ones overseas will prob never be arrested unless they come here), same with the accounts, they have frozen them as far as I know, some overseas ones may be unfrozen, seizure would come much later. If they have arrested 11 guys, please post a link.
I dont know where you guys get your info, what I read is they issued 11 indictments, but only arrested 2 or 3 guys(the ones overseas will prob never be arrested unless they come here), same with the accounts, they have frozen them as far as I know, some overseas ones may be unfrozen, seizure would come much later. If they have arrested 11 guys, please post a link.
Hornolocus
EOG Member
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
rush of offers will be out since the domains were seized
rush of offers will be out since the domains were seized
slyone66
EOG Master
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
i just got back from Maine today, was out there doing work for the last week with no internet and come back to find out all my accounts on the three sites are wiped out, and can no longer play cash games, i should have known better and withdrawn money like i usually do when i got a good bankroll built, it's happened on 3 sites in the past that closed up shop. "stupid me" still got D.S.I and Bookmaker at least for now.......
i just got back from Maine today, was out there doing work for the last week with no internet and come back to find out all my accounts on the three sites are wiped out, and can no longer play cash games, i should have known better and withdrawn money like i usually do when i got a good bankroll built, it's happened on 3 sites in the past that closed up shop. "stupid me" still got D.S.I and Bookmaker at least for now.......
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
Saw that full tilt released a statement that they can't process yet because they don't have any processors currently... Personally think Pokerstars and Fulltilt are going to be able to pay back eventually not so sure about UB/AP...
Saw that full tilt released a statement that they can't process yet because they don't have any processors currently... Personally think Pokerstars and Fulltilt are going to be able to pay back eventually not so sure about UB/AP...
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
I also think PokerStars and Full Tilt will eventually refund the money to the US poker players because they have to. They were released for this exact reason, they will probably take as much time as they can though. There is no due date that they do have to refund it. Absolute, I don't know if they are going to but we'll just see what happens. If they re-activated their sites, there should be a reason but will it stop US Poker Players from still signing up? Maybe not but with a different bank account info and address but thats about it. If someone got their checks in the mail tell us the results.
I also think PokerStars and Full Tilt will eventually refund the money to the US poker players because they have to. They were released for this exact reason, they will probably take as much time as they can though. There is no due date that they do have to refund it. Absolute, I don't know if they are going to but we'll just see what happens. If they re-activated their sites, there should be a reason but will it stop US Poker Players from still signing up? Maybe not but with a different bank account info and address but thats about it. If someone got their checks in the mail tell us the results.
gheira
2
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
[FONT=Verdana, sans-serif]Both poker sites are now in the process of giving back the money to the US players. However, the process said to be taken soon, at no specific date. All players involved in such cases should process their money, whether big or small amount the sooner time as possible. I'll be looking forward for the better of both poker site's issues.[/FONT]
[FONT=Verdana, sans-serif]Both poker sites are now in the process of giving back the money to the US players. However, the process said to be taken soon, at no specific date. All players involved in such cases should process their money, whether big or small amount the sooner time as possible. I'll be looking forward for the better of both poker site's issues.[/FONT]
railbird
EOG Master
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
Live poker in SoCal is unbearable, 5 dollar rake a hand, dealers that dont speak English, and terrible management. Doesnt mateer how good you are you will make 2 dollars an hour at the most if you play any real hours. Unless your playing skyhigh, and then you better be a world class player and have a huge bankroll and still no guarantees.
Live poker in SoCal is unbearable, 5 dollar rake a hand, dealers that dont speak English, and terrible management. Doesnt mateer how good you are you will make 2 dollars an hour at the most if you play any real hours. Unless your playing skyhigh, and then you better be a world class player and have a huge bankroll and still no guarantees.
SlipperyPete
EOG Dedicated
Re: Fraud on Poker Sites-PokerStars, Full Tilt and Absolute Poker
Did people from Pokerstars get paid?
Did people from Pokerstars get paid?