The founders from the 3 largest Internet poker firms have already been indicted for bank fraud and funds laundering, federal law enforcement officials stated Friday.
The United States Attorney in New York unsealed the indictment against eleven folks, like the founders of PokerStars, Full Tilt Poker, and Absolute Poker. Additionally to charges of bank fraud and cash laundering, the businesses are accused of illegal gambling offenses.
The sweeping 52-page indictment alleges that the companies, based offshore, used "fraudulent methods" to get around U.S. anti-gambling laws "and to obtain billions of dollars from U.S. residents who gambled via the Poker Organizations."
The authorities also issued restraining orders against much more than 75 bank accounts, and seized five Net domain names utilized by the firms to host their illegal poker games.
The businesses allegedly arranged for the cash from U.S. gamblers to be disguised as payments to hundreds of non-existent on the net merchants for the buy of items such as jewelry and golf balls, in accordance with the indictment.
The defendants involve Isai Scheinberg and Paul Tate of Poker Stars; Raymond Bitar and Nelson Burtnick of Full Tilt Poker; and Scott Tom and Brent Beckley of Absolute Poker.
"As charged, these defendants concocted an elaborate criminal fraud scheme, alternately tricking some U.S. banks and successfully bribing others to assure the continued flow of billions in illegal gambling earnings," U.S. Attorney Preet Bharara mentioned in a statement.
Prosecutors also filed civil charges against the poker corporations and numerous individual "payment processors," looking for at the very least $3 billion in penalties.
Prosecutors also alleged that John Campos, a aspect owner of SunFirst Bank in Utah, agreed to procedure Online gambling transactions in exchange for a $10 million investment in his bank by 1 of the other defendants.
Prosecutors mentioned they're working with Interpol and foreign agencies to secure the arrest of the remaining defendants, who're not presently in the United States.
"These defendants, realizing full effectively that their company with U.S. consumers and U.S. banks was illegal, tried to stack the deck," stated Janice Fedarcyk, FBI assistant director-in-charge. "They lied to banks concerning the true nature of their small business. Then, a number of the defendants observed banks prepared to flout the law for a fee."
The United States Attorney in New York unsealed the indictment against eleven folks, like the founders of PokerStars, Full Tilt Poker, and Absolute Poker. Additionally to charges of bank fraud and cash laundering, the businesses are accused of illegal gambling offenses.
The sweeping 52-page indictment alleges that the companies, based offshore, used "fraudulent methods" to get around U.S. anti-gambling laws "and to obtain billions of dollars from U.S. residents who gambled via the Poker Organizations."
The authorities also issued restraining orders against much more than 75 bank accounts, and seized five Net domain names utilized by the firms to host their illegal poker games.
The businesses allegedly arranged for the cash from U.S. gamblers to be disguised as payments to hundreds of non-existent on the net merchants for the buy of items such as jewelry and golf balls, in accordance with the indictment.
The defendants involve Isai Scheinberg and Paul Tate of Poker Stars; Raymond Bitar and Nelson Burtnick of Full Tilt Poker; and Scott Tom and Brent Beckley of Absolute Poker.
"As charged, these defendants concocted an elaborate criminal fraud scheme, alternately tricking some U.S. banks and successfully bribing others to assure the continued flow of billions in illegal gambling earnings," U.S. Attorney Preet Bharara mentioned in a statement.
Prosecutors also filed civil charges against the poker corporations and numerous individual "payment processors," looking for at the very least $3 billion in penalties.
Prosecutors also alleged that John Campos, a aspect owner of SunFirst Bank in Utah, agreed to procedure Online gambling transactions in exchange for a $10 million investment in his bank by 1 of the other defendants.
Prosecutors mentioned they're working with Interpol and foreign agencies to secure the arrest of the remaining defendants, who're not presently in the United States.
"These defendants, realizing full effectively that their company with U.S. consumers and U.S. banks was illegal, tried to stack the deck," stated Janice Fedarcyk, FBI assistant director-in-charge. "They lied to banks concerning the true nature of their small business. Then, a number of the defendants observed banks prepared to flout the law for a fee."
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