Saturday, April 23, 2011
LARRY NEUMEISTER and OSKAR GARCIA, Associated Press
LARRY NEUMEISTER and OSKAR GARCIA, Associated Press
Fraud Charges Levied Against 3 Online Poker Houses
[AP] The multi-billion-dollar business of the three biggest Internet poker companies became a target of federal authorities before an indictment was unsealed Friday, charging 11 people with bank fraud and illegal gambling.
[excerpt] Prosecutors in Manhattan said they've issued restraining orders against more than 75 bank accounts used by the poker companies, interrupting the illegal flow of billions of dollars. The companies, all based overseas, were identified as PokerStars, Full Tilt Poker and Absolute Poker. The indictment sought $3 billion in money laundering penalties and forfeiture from the defendants.
Read Full Associated Press Article
Posted by Editor on 04/23/11 at 08:40 AM •
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