Poker Phenoms Club Forum

Welcome to the official Forum of the Poker Phenoms Club!!
 
HomeFAQLog inRegister
Latest topics
» Navigating the Forum
Sun Jan 20, 2013 4:20 pm by Rebels Devil

» full tilt poker shirt patch
Fri Jul 20, 2012 4:31 pm by Guest

» The Poker Phenoms Club rules and/or policies
Thu Feb 23, 2012 7:39 pm by Guest

» Coming Soon
Tue Feb 21, 2012 10:46 am by Guest

» That's too funny!
Mon Jan 16, 2012 5:21 pm by Rebels Devil

»  I want to come back.
Tue Oct 18, 2011 12:22 pm by Rebels Devil

» NLHE Cash Strategy~"Floating"
Wed Jul 13, 2011 4:14 pm by Guest

» Write a letter for your rights to play poker
Sat Apr 30, 2011 11:39 am by Guest

» Important news for U.S. Players
Wed Apr 20, 2011 12:21 pm by Guest

November 2018
MonTueWedThuFriSatSun
   1234
567891011
12131415161718
19202122232425
2627282930  
CalendarCalendar
Search
 
 

Display results as :
 
Rechercher Advanced Search
Deadvids

Visit Grateful Dead Streaming Video: DeadVids

Share | 
 

 Important news for U.S. Players

Go down 
AuthorMessage
Guest
Guest
avatar


PostSubject: Important news for U.S. Players   Wed Apr 20, 2011 12:21 pm

DOW JONES NEWSWIRES

Federal prosecutors have agreed to let PokerStars and Full Tilt Poker, two of the three online gambling companies targeted in a federal crackdown, to use their domain names to facilitate U.S. players' withdrawal of funds in accounts.

Eleven people, including the founders of PokerStars, Full Tilt and Absolute Poker, were charged Friday with bank fraud, money laundering and online gambling offenses, in the U.S.'s latest effort to crack down on online gambling.

Authorities filed restraining orders against 76 bank accounts allegedly associated with the poker companies as part of a separate civil forfeiture action. They are seeking at least $3 billion in civil money-laundering penalties and forfeiture.

Prosecutors seized five Internet domain names used by the companies last week: pokerstars.com, fulltiltpoker.com, absolutepoker.com, ultimatebet.com and ub.com. As of late Wednesday morning, all the websites featured a warning that the "domain name has been seized by the F.B.I," as well as citations of federal gambling and money-laundering laws.

But the U.S. Attorney's office of the Southern District of New York said in a statement Wednesday its agreements allow for the pokerstars.com and fulltiltpoker.com domain names to be used to help U.S. players withdraw funds. The arrangements prohibit the deposit of funds by U.S. players and require the appointment of an independent monitor to verify the companies' compliance.

The government said Absolute Poker has the option to enter the same agreement.

"Returning U.S. players' funds is a top priority for PokerStars and the company can now start the process," PokerStars said in a statement. It said all players' deposits are "completely safe," as licensing laws in the Isle of Man, where it is based, require funds to be held in accounts that are segregated from the company's assets.

PokerStars said it "categorically denies" the Justice Department's allegations and "is taking all steps necessary to robustly defend itself, and the two named individuals."

Barry Boss, counsel for Full Tilt poker, declined to comment. Contact information for Absolute Poker couldn't immediately be located Wednesday.

-By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240; matthew.jarzemsky@dowjones.com
Back to top Go down
 
Important news for U.S. Players
Back to top 
Page 1 of 1
 Similar topics
-
» My Interesting Story About Rhem 4 + Future News
» Kenora!!! Yesh! *Good News And Bad News*
» This game sure can be adamant about wanting players to take certain weapons
» IMPORTANT: About Artpad
» Marvel Legends 2012!

Permissions in this forum:You cannot reply to topics in this forum
Poker Phenoms Club Forum :: Phenom Club Poker Tools and Links :: PPA, Poker Regulations-
Jump to: