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Latest Southern District of New York Action Against Online Poker Players Stories

PokerStars Settles $731 Million Suit With Justice Department, Acquires Full Tilt Poker
2012-08-01 11:19:12

Lawrence LeBlond for redOrbit.com - Your Universe Online The world´s largest online poker company has agreed to pay more than $730 million in a settlement of a US government investigation charging the company used fraudulent methods to process payments and evade US restrictions on Internet gambling, according to officials involved in the case. A federal judge approved the $731 million settlement, which will be paid up by British-gambling firm PokerStars. In the settlement, the US...

US Government Calls Online Poker Site Ponzi Scheme
2011-09-21 05:35:16

  The US government claims that Full Tilt, an online gambling site based in Dublin, Ireland, is a ponzi scheme. The government claims the sites board of directors used player´s funds to enrich themselves to the tune of $440 million dollars between April 2007 and April 2011. Raymond Bitar and 11 other defendants were named in an indictment seeking $3 billion dollars in penalties and alleging crimes including illegal gambling, money laundering and bank fraud, according to the...

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2011-04-16 07:25:00

Eleven people from three online gambling sites were charged Friday with bank fraud, money laundering, illegal gambling and other offenses in an indictment by the US attorney for the southern district of New York. The owners of PokerStars, Full Tilt Poker and Absolute Poker, three of the largest Internet poker companies in the US, were accused of tricking regulators and banks into processing billions of dollars of illegal gambling proceeds. In addition to the charges, restraining orders were...


Word of the Day
tesla
  • The unit of magnetic flux density in the International System of Units, equal to the magnitude of the magnetic field vector necessary to produce a force of one newton on a charge of one coulomb moving perpendicular to the direction of the magnetic field vector with a velocity of one meter per second. It is equivalent to one weber per square meter.
This word is named for Nikola Tesla, the inventor, engineer, and futurist.