Oh snap! Poker world rocked!

Discussion in 'Wall St. News' started by ChkitOut, Apr 15, 2011.

  1. http://latimesblogs.latimes.com/mon...oker-sites-indicted-and-shut-down-by-fbi.html

    Three largest online poker sites indicted and shut down by FBI

    The founders of the three largest online poker sites were indicted by the FBI on Friday in what could serve as a death blow to the thriving industry.

    Eleven executives at PokerStars, Full Tilt Poker and Absolute Poker were charged with bank fraud and money laundering in an indictment unsealed in a Manhattan court. Two of the executives were arrested on Friday morning in Utah and Nevada. Federal agents are searching for the others.

    Prosecutors are seeking to immediately shut down the sites and to eventually send the executives to jail and to recover $3 billion from the companies. By Friday afternoon Full Tilt Poker’s site displayed a message explaining that “this domain name has been seized by the F.B.I. pursuant to an Arrest Warrant.”
  2. olias


  3. The poker websites are accessible. I do not see the domains seized for now.
  4. yeah, still working, maybe that figured out a way to get around that too. haha.
  5. olias


    'Prosecutors are seeking to immediately shut down the sites...'

    still seeking I guess
  6. I have 12 cents in my fulltilt account. probably wont worry about it.
  7. i should withdraw my money from fulltilt....
  8. I guess this means legislation is coming giving the Las Vegas casinos legitimate control of this business.
  9. some of the comments below the newspaper link are even more amusing. I hope this means these players can't wear those silly shirts during poker tournements.
  10. I wonder how many will try trading instead for the next few weeks :)
    #10     Apr 15, 2011