DOJ on Elie and Campos Motions: Poker is Still Gambling
That poker is still considered gambling in the eyes of US law. Calling on as diverse a range of precedents as the Kenny Rogers’ song “The Gambler” and an 1888 saloon trial, US attorney Preet Bhahara’s primary explanation for denial of the motions is that “Playing poker for money has, since the birth of the game in the 1800s, been treated both in American culture and law as a form of gambling.” By definition then, Bhahara contends, all of the Black Friday defendants violated US law – and specifically both the Illegal Gambling Business Act of 1970 (IGBA) and the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA)
THE SCRAMBLE: Big Day in D.C., Full Tilt Employees Speak, Hellmuth is Mean
If you’re an online poker player in the United States – or more importantly if you WERE an online poker player in the United States prior to Black Friday – Tuesday is a day you’re going to want to pay attention. Those who have been campaigning for a regulated market are going to be heard
THE SCRAMBLE: Kevin Garnett Plays Online, Poker Gets Extreme, Bots Attack
So we’ve made it to the end of the week and it appears not a moment too soon. In today’s SCRAMBLE we find all about what one NBA superstar might get up to if the NBA season is cancelled, more poker on TV (just not in the United States) and we learn that poker is
THE SCRAMBLE: Kevin Garnett Plays Online, Poker Gets Extreme, Bots Attack
So we’ve made it to the end of the week and it appears not a moment too soon. In today’s SCRAMBLE we find all about what one NBA superstar might get up to if the NBA season is cancelled, more poker on TV (just not in the United States) and we learn that poker is
DOJ Says Return of Player Funds "Possible"
Posted on the justice.gov website under the banner of the US DOJ Southern District of New York, the statement says the DOJ, along with the FBI, is trying to trace and secure as much of the missing funds “derived from operation of the fraud” as possible. It also says that despite the agreement it made with Full Tilt Poker post-April 15th authorizing the return of player funds, Full Tilt never had the funds on hand.
Breaking: DOJ Calls Full Tilt "Ponzi Scheme," Claims Owners Defrauded Players
According to the Wall Street Journal , the amendment names Howard Lederer, Chris “Jesus” Ferguson, Rafe Furst and Ray Bitar as the principals in a money laundering scheme that paid out $444 million to themselves and the other owners of Full Tilt Poker while leaving its players high and dry. “Full Tilt was not a legitimate poker company, but a global Ponzi scheme,” said Bharara in the statement
Full Tilt, AGCC Make Statements in Advance of Hearing
In advance of the hearing, the AGCC and Full Tilt Poker released statements today addressing both Monday’s hearing and FTP’s financial future. The statement from the AGCC specifically addresses why the hearing will take place in private, despite the preference of AGCC Executive Director André Wilsenach
Ilari FIN Adds Another $172k
Sahamies played 1,616 hands as Ilari FIN on PokerStars and despite the fact the games were slightly smaller then usual (only $50/$100) he still managed to walk away with a huge profit. He started the night by taking on recent PLO winner Rafi “refaelamit” Amit heads-up but then moved on to a 6-Max PLO game that included gavz101, aba20, machado28 and Brian “$tinger 88” Hastings. Ever since winning and then losing $1 million to Viktor “Isildur1” Blom, Sahamies has been on fire and he’s now up to $893k on PokerStars in 2011.
Ilari FIN Adds Another $172k
Sahamies played 1,616 hands as Ilari FIN on PokerStars and despite the fact the games were slightly smaller then usual (only $50/$100) he still managed to walk away with a huge profit.