U.S. calls online poker site a "global Ponzi scheme" - WickedFire - Affiliate Marketing Forum

Yakov · 09-21-2011, 03:27 PM

NEW YORK (Reuters) - U.S. prosecutors made new allegations on Tuesday in a probe of the Full Tilt Poker website, accusing self-styled "Poker Professor" Howard Lederer and professional poker champion Christopher Ferguson and others of paying themselves more than $440 million while defrauding other players.

In a motion filed in federal court in New York to amend an earlier civil complaint, the prosecutors accused Full Tilt Poker of running a Ponzi scheme that continued even after the original charges were filed.
Prosecutors unsealed the earlier charges on April 15, accusing three Internet poker companies -- Full Tilt Poker, Absolute Poker and PokerStars -- and 11 people, including Full Tilt director Raymond Bitar, of bank fraud, illegal gambling and money laundering offenses.

Read more here (Yahoo News)

ShalaMedia · 09-21-2011, 06:52 PM

sigh, doesn't bode well for regulation in the us. Gives opposition mofos some ammo but eventually it will all be made legal light years after the rest of the world.....

jgw899 · 09-23-2011, 01:09 AM

US government is pissed that there is a bunch of money that they can't track. And they need to know about EVERY last penny...

Avalanche · 09-24-2011, 12:07 AM

Quote:

Originally Posted by jgw899

US government is pissed that there is a bunch of money that they can't track. And they need to know about EVERY last penny...

money they can't tax...

Rod009 · 10-15-2011, 11:08 PM

Lmao. OF course they would do this

Newff · 10-18-2011, 05:33 AM

It will all be legal and taxed soon anyways IMO

Airin · 10-18-2011, 09:19 AM

Honestly, I would rather it be legal and taxed and backed by the FDIC.... Full Tilt has a nice chunk of my change that I will never see again.

MakerViet · 10-18-2011, 06:52 PM

OF course they would do this

Newff · 10-19-2011, 05:14 AM

Quote:

Originally Posted by Airin

Honestly, I would rather it be legal and taxed and backed by the FDIC.... Full Tilt has a nice chunk of my change that I will never see again.

Yeah, a lot of people screwed over by this. I only have 1k left on there because I fortunately cashed almost everything out a week before. I have some friends with up to couple hundred grand on there though. Really feel bad for them.

liranliryy · 10-19-2011, 06:55 AM

fuck this sites, i lost my 10000$ on my fulltiltpoker account!

stevem01 · 10-23-2011, 02:13 AM

Quote:

U.S. calls online poker site a "global Ponzi scheme"

Oooooh the irony of that sentence...

09-21-2011, 03:27 PM	#1 (permalink)
Yakov Banned Join Date: Sep 2011 Location: Cave where Jesus was buried. Posts: 13 iTrader: 0 / 0%	U.S. calls online poker site a "global Ponzi scheme" NEW YORK (Reuters) - U.S. prosecutors made new allegations on Tuesday in a probe of the Full Tilt Poker website, accusing self-styled "Poker Professor" Howard Lederer and professional poker champion Christopher Ferguson and others of paying themselves more than $440 million while defrauding other players. In a motion filed in federal court in New York to amend an earlier civil complaint, the prosecutors accused Full Tilt Poker of running a Ponzi scheme that continued even after the original charges were filed. Prosecutors unsealed the earlier charges on April 15, accusing three Internet poker companies -- Full Tilt Poker, Absolute Poker and PokerStars -- and 11 people, including Full Tilt director Raymond Bitar, of bank fraud, illegal gambling and money laundering offenses. Read more here (Yahoo News) Share Share this post on Digg Del.icio.us Technorati Twitter

09-21-2011, 06:52 PM	#2 (permalink)
ShalaMedia Super Premium WF Member Join Date: Jul 2010 Location: North Of The Border Posts: 524 iTrader: 35 / 100%	sigh, doesn't bode well for regulation in the us. Gives opposition mofos some ammo but eventually it will all be made legal light years after the rest of the world..... Share Share this post on Digg Del.icio.us Technorati Twitter

09-23-2011, 01:09 AM	#3 (permalink)
jgw899 Senior Jerk Off Join Date: Jul 2011 Location: USA Posts: 839 iTrader: 85 / 100%	US government is pissed that there is a bunch of money that they can't track. And they need to know about EVERY last penny... Share Share this post on Digg Del.icio.us Technorati Twitter

10-15-2011, 11:08 PM	#5 (permalink)
Rod009 Junior Member Join Date: Oct 2011 Posts: 4 iTrader: 0 / 0%	Lmao. OF course they would do this Share Share this post on Digg Del.icio.us Technorati Twitter

10-18-2011, 05:33 AM	#6 (permalink)
Newff Member Join Date: Oct 2011 Posts: 58 iTrader: 1 / 100%	It will all be legal and taxed soon anyways IMO Share Share this post on Digg Del.icio.us Technorati Twitter

10-18-2011, 09:19 AM	#7 (permalink)
Airin Senior Member Join Date: Feb 2008 Location: Delray Beach, FL Posts: 232 iTrader: 0 / 0%	Honestly, I would rather it be legal and taxed and backed by the FDIC.... Full Tilt has a nice chunk of my change that I will never see again. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ Crush Ads Weekly Wires. Exclusives. Campaigns That Convert. AIM: eringarcia31 Oh yeah, did I mention that we audit stats every week and credit our affiliates with any untracked conversions. You generated the conversion, not us. Novel idea, right?

10-18-2011, 06:52 PM	#8 (permalink)
MakerViet Junior Member Join Date: Oct 2011 Posts: 3 iTrader: 0 / 0%	OF course they would do this Share Share this post on Digg Del.icio.us Technorati Twitter

10-19-2011, 06:55 AM	#10 (permalink)
liranliryy Member Join Date: Jul 2009 Location: Google Land Posts: 87 iTrader: 7 / 100%	fuck this sites, i lost my 10000$ on my fulltiltpoker account! Share Share this post on Digg Del.icio.us Technorati Twitter

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