Image Image Image




Post new topic Reply to topic  [ 4 posts ] 
Author Message
 Post subject: FulTiltPoker investigated by grand jury in US
PostPosted: Wed Apr 07, 2010 10:31 pm 
Offline
PokerAI fellow
User avatar

Posts: 7731
Favourite Bot: V12
Seems that FTP is getting more troubles recently.

Several threads on 2p2 and articles talke that FTP (Ledered, Ferguson, etc.) are now being investigated by grand jury (According to 2p2 legislation forum when grand jury investigates, they have like 95% success rate).

Here are some 2p2 thread:
In their legislation forum: http://forumserver.twoplustwo.com/57/poker-legislation/cross-post-nvg-ft-legal-issues-752587/
The "junk&drama" verson: http://forumserver.twoplustwo.com/29/news-views-gossip/news-court-probe-into-internet-poker-site-aimed-full-tilt-752507/

It's funny and a bit strange to see how many poker players are rooting for FTP to go to trial, so the question of is poker legal in US be finally clarified.

http://espn.go.com/sports/fantasy/blog?name=poker wrote:
It hasn't been the best week so far if you're an online poker player in the United States and looking toward legalization and regulation. Despite numerous bills being discussed in Congress regarding making the online industry regulated and licensed, news has broken at a rapid rate this week regarding potential troubles ahead.

Early Monday morning the Financial Times posted an article titled, "Court probe into internet poker site." It states that a federal grand jury in Manhattan is investigating Full Tilt Poker and could bring indictments against some of the most well-known poker players in the world. Author Joseph Menn specifically noted Howard Lederer and Chris Ferguson as two potential targets in the investigation, but a source has told me that at this point nothing concrete has been presented.

Among the major concerns from the article is the specific investigation of money laundering violations. Menn writes, "Money-laundering charges might be attractive to the government as they would compel co-operation from authorities even in countries where gambling is legal."

After poker forums everywhere quieted down just a little bit Monday night, fans woke up on Tuesday to see another troublesome headline. Tuesday morning marked the passage of the "Speaker's Gaming Proposal" in the Massachusetts State House Committee on Economic Development and Emerging Technologies, a proposal that has an aim of expanding gambling in the state. Despite the intentions of providing more opportunities to gamble, it also makes online poker illegal and punishable by up to two years in jail and a $25,000 fine. The bill now goes to the House Ways and Means Committee for further discussion and action. The Poker Players Alliance has responded by asking for the support of all players from Massachusetts, who the PPA is asking to contact their local representative and express their concern.

Oh, that's not all. Enter Kentucky, which just announced that it will provide a home for the Derby Poker Championship two days before the Kentucky Derby. While they may be OK with live poker, they've decided to sue Full Tilt (which is having a really, really bad week) and other online poker sites to recover the losses of all players who played online poker from Kentucky since 2005.

Really? What if some of the estimated 13,000 online poker players in Kentucky have won big? Are they going to seize that money too if this activity is as illegal as they've preached?

According to PokerNewsDaily, Kentucky Justice & Public Safety Cabinet Secretary J. Michael Brown, filed a suit on March 25 looking for the recovery of these funds. At the same time the Commonwealth is trying to seize the rights of 141 Internet gambling domain names, which had been the focal point of the online poker battle in the state until the most recent developments.

Small blinds: The North American Poker Tour stop in Mohegan Sun begins on Wednesday. ESPN.com will be there covering the action and a new ESPN Inside Deal will be on location during next week's episode. … PokerStars continues to expand its live scene by offering a new tournament series held in France. The "France Poker Series" will have seven stops during the first season. … James Mitchell won the Irish Poker Open for 600,000 euros. … "The Champions of Poker Commentary" is a new show featuring Tom Schneider as part of a four-man poker panel. No idea where it will air, but check out the preview on the show on YouTube. … Everest Poker is suing the WSOP for failing to display its name and logo during a broadcast by an affiliate in France.

_________________
indiana


Top
 Profile E-mail  
 
 Post subject: Re: FulTiltPoker investigated by grand jury in US
PostPosted: Thu Apr 08, 2010 6:39 am 
Offline
PokerAI fellow
User avatar

Posts: 1115
Favourite Bot: Johnny #5
Are they suggesting the casinos are laundering money or the players?


Top
 Profile  
 
 Post subject: Re: FulTiltPoker investigated by grand jury in US
PostPosted: Thu Apr 08, 2010 9:41 am 
Offline
PokerAI fellow
User avatar

Posts: 7731
Favourite Bot: V12
AFAIU they suggest that it is the casino, and the accused players are part of it somehow (by owning shares of the casino).

_________________
indiana


Top
 Profile E-mail  
 
 Post subject: Re: FulTiltPoker investigated by grand jury in US
PostPosted: Thu Apr 08, 2010 11:48 am 
Offline
PokerAI fellow
User avatar

Posts: 1115
Favourite Bot: Johnny #5
I guess that makes sense.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 4 posts ] 


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to: