FBI: online poker sites "bet the house" on money laundering, fraud

Federal prosecutors have charged some of the biggest names in online poker with bank fraud, money laundering, and illegal gambling, the US Justice Department announced on Friday. Those behind PokerStars, Full Tilt Poker, and Absolute Poker have had their domains seized by the Federal Bureau of Investigations (FBI), and 76 bank accounts owned by the companies have been temporarily shut down via restraining orders. Online gambling technically became illegal in the US starting in 2006 , when legislators barred wire transfers, “payment system instruments,” and credit cards from being used as payment methods for online gambling sites.

Continued here:
FBI: online poker sites "bet the house" on money laundering, fraud

Tags: , , , , , , , ,

Friday, April 15th, 2011 Net News

Leave a Reply

Your email address will not be published. Required fields are marked *

*

HTML tags are not allowed.