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The End of Online Poker….for now.

April 18th, 2011 2 comments
DOJ

The U.S. is finally going after the online poker money.

Black Friday.

That’s what they’re calling it.  I think that the name sucks personally.  Not that I have a replacement for it mind-you, but when I hear “Black Friday” I immediately think the day after Thanksgiving when all the sales go up.  This is NOT a sale.  This is….well….I don’t know exactly what this is…but I do know that it sucks something awful.

On Friday, the Southern District of New York unsealed indictments against 6 heads of major online poker sites (2 each from PokerStars, Full Tilt Poker, and Absolute Poker/UB), and 5 online payment processors.  The charges include 11 separate counts of criminal charges such as violation of the Unlawful Internet Gambling and Enforcement Act, Bank Fraud, and Money Laundering.  As part of the process, the FBI swooped in to shutdown the online poker sites for U.S. Players, seized their bank accounts to freeze their funds, and made a couple of arrests.  Basically, they scared the stuffing out of the day after Poker Thanksgiving (yeah…I went there, lame…I know).

What it means for us U.S. poker Read more…

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