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Online Poker
09-21-2011, 05:59 AM #1
Kreeper Griobhtha
Posts:10,595 Threads:633 Joined:Feb 2011

U.S. calls online poker site a "global Ponzi scheme"

NEW YORK (Reuters) - U.S. prosecutors made new allegations on Tuesday in a probe of the Full Tilt Poker website, accusing self-styled "Poker Professor" Howard Lederer and professional poker champion Christopher Ferguson and others of paying themselves more than $440 million while defrauding other players.

Prosecutors unsealed the earlier charges on April 15, accusing three Internet poker companies -- Full Tilt Poker, Absolute Poker and PokerStars -- and 11 people, including Full Tilt director Raymond Bitar, of bank fraud, illegal gambling and money laundering offenses.

"In reality, Full Tilt Poker did not maintain funds sufficient to repay all players, and in addition, the company used player funds to pay board members and other owners more than $440 million since April 2007," the office of Manhattan U.S. Attorney Preet Bharara said in a statement.



In other words, they are accused of doing what every single bank has done since banking was invented.

13.gif

I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
09-21-2011, 12:22 PM #2
Octo Mother Superior
Posts:42,606 Threads:1,469 Joined:Feb 2011
Double standard anyone? 13.gif rofl.gif
09-21-2011, 01:25 PM #3
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Charles Ponzi's company he set up to promote the scam was called the "Securities Exchange Company"

lol.gif
Anonymous Kritter Show this Post
09-21-2011, 01:35 PM #4
Anonymous Kritter Incognito Anonymous
 

"The House Always Wins" & "A fool and his money is easily parted"
09-21-2011, 01:43 PM #5
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,279 Threads:1,438 Joined:Feb 2011
İmage

hug.gif Good morning Shadow!

cheers.gif Hey Ak!

The deck is certainly stack against you when you're dealing with banks.

wonder.gif
09-21-2011, 01:55 PM #6
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
hug.gif Hej JR how you and Octo hug.gif doin?

The house does always win coffeetime.gif
09-21-2011, 01:58 PM #7
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,279 Threads:1,438 Joined:Feb 2011
Fine as frog hair Shadow! It's raining and chilly today, looks like fall is on it's way. Thank god for well....
you know.... beerbong.gif beerbong.gif beerbong.gif beerbong.gif chuckle.gif

wonder.gif
09-21-2011, 02:03 PM #8
Octo Mother Superior
Posts:42,606 Threads:1,469 Joined:Feb 2011
(09-21-2011, 01:55 PM)Shadow Wrote:  hug.gif Hej JR how you and Octo hug.gif doin?

The house does always win coffeetime.gif

Doing great sweetiepoodles! Just saw a bunch of honkers fly north...yes North damned.gif

beercheer.gif



09-21-2011, 02:19 PM #9
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
beercheer.gif

I saw a herd of geese about a month ago but i'm thinking they were just young practicing their flying. Their formation was really ragged and they didn't seem to know where they wanted to go rofl.gif It's been nice here the last couple days, 20C or so. Leaves haven't started to turn either other than the dead tops of my apple trees.
09-21-2011, 02:19 PM #10
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,279 Threads:1,438 Joined:Feb 2011
(09-21-2011, 02:03 PM)Octo Wrote:  


So much better than the original version. I sometimes wish I was born a hundred years from now so I would never have to see or hear that untalented douchbag Lady Gag 13.gif

wonder.gif
09-21-2011, 02:30 PM #11
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
iagree.gif it's a disgusting parody that gag thing.

rofl.gif rofl.gif Cartman's great.
09-21-2011, 03:17 PM #12
Kreeper Griobhtha
Posts:10,595 Threads:633 Joined:Feb 2011
(09-21-2011, 01:55 PM)Shadow Wrote:  hug.gif Hej JR how you and Octo hug.gif doin?

The house does always win coffeetime.gif

The Senate wins just as often.


wave.gif Everyone!

The thing about the poker site is that I never heard of anyone not getting paid when they won and I never heard of anyone complaining that money had vanished from their account.



Think it's a coincidence that Harry Reid is pushing to get online poker for major casinos? Nah, that couldn't possibly be related.


13.gif

I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
09-21-2011, 03:48 PM #13
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,279 Threads:1,438 Joined:Feb 2011
wave.gif cheers.gif Howdy Kreeper, we're painting and having some alcohol free homebrew. moarbeer.gif

wonder.gif
09-21-2011, 04:19 PM #14
Kreeper Griobhtha
Posts:10,595 Threads:633 Joined:Feb 2011
(09-21-2011, 03:48 PM)JayRodney Wrote:  wave.gif cheers.gif Howdy Kreeper, we're painting and having some alcohol free homebrew. moarbeer.gif

wtf2.gif

Why?


Oh...

Is alcohol home brew free a code for home grown or did someone forget the yeast? In which case I reiterate, why? Can't you add shots of vodka to it or something?



I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
09-21-2011, 04:20 PM #15
Kreeper Griobhtha
Posts:10,595 Threads:633 Joined:Feb 2011
:doh:


That looks more like a sneeze than a D'OH.


chuckle.gif

I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night



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