Second Wave of Indictments

Second Wave of Indictments
by Adam Marshall | May 24th, 2011 The first wave of federal indictments that took PokerStars, FullTilt, and Absolute Poker out of the U.S. market was called Black Friday. This second wave targeting sites like Doyle’s Room and TruePoker is now being called Blue Monday. The indictments came from Maryland early yesterday targeting the following sites… DoylesRoom.com TruePoker.com BookMaker.com 2Betsdi.com Funtimebingo.com GoldenArchCasino.com BetMaker.com BetGrandeSports.com Betehorse.com Beted.com Doyle Brunson formally announced his separation from Doyle’s Room earlier this month due to the current legal turmoil surrounding online poker. Obviously, a hallmark of a great player is knowing exactly when to cash in your chips. 🙂 The indictments were the result of undercover work done by the Department of Homeland Security. An undercover payment processing business was created called Linwood Payment Solutions, which connected agents with executives inside those gaming operations. The covert processor made around 300,000 transactions in the meantime while tracking financial data. Of note is the fact that some of these sites operated outside the legally murky arena of online poker and in the much-more-illegal field of sports betting. Charges included money laundering and conducting an illegal gambling business but not the previous accusations of bank fraud or violations of the UIGEA. Although this attack pales in comparison to the Black Friday indictments, to some they still represent a push against poker as a whole. Others believe these to be the initial parts of the staging phase that ultimately leads to the long overdue regulation of online poker. Copyright © 2011 Ace Nine, LLC Legal  |  Contact Us  |  Site Map

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