Comments on: Apparent Fed Crackdown on Online Poker Money Transfers E-check withdrawals and deposits blocked

By: brick

brick — Sun, 17 Apr 2011 01:19:50 +0000

what about pending e checks that i already used the money from are they still coming out of my bank account

By: Luis Irizarry

Luis Irizarry — Sat, 13 Jun 2009 17:59:56 +0000

They sent me a check, it took 1 week to clear, but it did.

By: DanM

DanM — Sat, 13 Jun 2009 16:36:58 +0000

thanks for the update and info luis. by what method, btw?

By: Luis Irizarry

Luis Irizarry — Sat, 13 Jun 2009 16:35:49 +0000

I just recently cashed out from Poker Stars without any problem.

By: Aaron

Aaron — Sat, 13 Jun 2009 02:56:31 +0000

Great, 30 million to the government that otherwise would have been put into various small starving economies nationwide. The sad part is that of that 30 mill, most of the players cashing out are still losing players. Just because they cash out doesn’t make them a “winning” player. The government just put them in the hole deeper. They are attacking the small man as well as the big guy. A chicken hawk like move that could have been avoided with an amnesty period or something of the like. I feel confident that all sites will “make good” on the frozen money. They already have for me by extra money in my account. Good luck to all players and lest not forget our president, Barack OBama himself, admits to playing online poker.

By: tony n

tony n — Fri, 12 Jun 2009 01:51:49 +0000

The gov should stop airplanes from flying into buildings and leave the poker players alone. wtf

By: Rob C

Rob C — Thu, 11 Jun 2009 17:11:32 +0000

I agree with your assessment that this is nothing more than a money grab by the US Atty for SDNY. Better known as “Legalized Extortion” they are going to keep going after online poker until we via the PPA spot them. I hope the sites stand up and fight in a court of law.

By: DanM

DanM — Sun, 07 Jun 2009 23:11:01 +0000

Ahh, thank you for the clarification, Davon. I thought you were wrong, but indeed you are correct:

http://newyork.fbi.gov/dojpressrel/pressrel09/nyfo040709.htm

By: Davon Wilkins

Davon Wilkins — Sun, 07 Jun 2009 22:52:20 +0000

Anarug Dikshit did not receive a “non prosecution” agreement. He plead guilty to one count of a wire act violation. No agreements have been made with the other PP founders, only with existing management of PP and the current iteration of the company.

By: DanM

DanM — Sun, 07 Jun 2009 04:30:43 +0000

good to hear. where are you located?

By: Poker_Bully

Poker_Bully — Sun, 07 Jun 2009 04:27:56 +0000

I received a $300 cashout directly to my bank account from Full Tilt on Wednesday June 3. It took about 3 days from the time I requested it on the site.

I hope this is just a minor issue with a few customers. It would suck if I win my Main Event seat in a satellite and can’t get the money off the site to buy in.

By: DanM

DanM — Sun, 07 Jun 2009 01:52:40 +0000

Tom, you are probably right that I could’ve been more clear … but “bouncing” is technically correct. According to IDozeEveryone on 2+2:

well i called the bank the check is stamped ‘refer to maker’ and yes it bounced and was not deposited into my account…the representative told me that there is 3 stamps that go on checks when they are rejected “NSF”, “account closed”, “refer to maker”

I’ve also heard “refer to sender” … but regardless, same results … the check or cheque “bounces” back to whomever sent it.

The implication isn’t that the money’s not there … it’s that it can’t get through whatever gates stand between it and your usual American bank account.

By: donkey bomber

donkey bomber — Sun, 07 Jun 2009 01:32:36 +0000

Checks bouncing is a bad way to say it. That implies they don’t have the funds to cover the check. Dan, you’ve had plenty of expereience with this to not make that mistake.

By: Alicia

Alicia — Sat, 06 Jun 2009 19:16:48 +0000

the info that’s on the Full Tilt link above looks a lot like the problems I had with cash-outs last year during this same time last year. They would “send” EFTs that would never show and then credit it back to my account a month or so later with some extra cash for my trouble. Then they’d “send” a check that would never show or send an email to me saying not to cash it if it does show b/c it will bounce. So they’d then credit the money back to my online account along with some more money for my trouble. When I pull my records from last year… it happened right before and lasted until after the WSOP was over… then suddenly all was good again.

So I’m not so sure that this has anything to do with UIGEA or regulations as much as it has to do with cash flow mgmt on behalf of the poker sites with a very plausible excuse to hide behind.

By: California Jen

California Jen — Sat, 06 Jun 2009 17:39:49 +0000

Technically, though, banks aren’t required to comply until December 1st, 2009. That’s what makes me think they aren’t going after banks exactly…just going through banks to get to the big sites.

By: DanM

DanM — Sat, 06 Jun 2009 17:32:23 +0000

that’s a good question jen, and i don’t know the answer to it.

i might be misleading by saying it’s going after PokerStars and eChecks … it’s possible the “crackdown” is on some banks.

we can’t forget the good ole fashioned brick-and-mortar banks. they clearly play into this, too.

By: California Jen

California Jen — Sat, 06 Jun 2009 17:27:16 +0000

I’d like to know if anyone HAS cashed out in the past week or so with any success. That could mean there’s just a glitch. But if everyone starts to report the same problem… Uh oh.

Dan, did the source tell you how serious of a crackdown this might be? Are they coming out with all paperwork and misunderstood rules ablazing?

By: KenP

KenP — Sat, 06 Jun 2009 16:44:35 +0000

Not just Stars…

http://tripjax.blogspot.com/2009/06/wtfawk.html

By: DanM

DanM — Sat, 06 Jun 2009 15:57:48 +0000

yes, you are exactly right. please send them our way. no major developments forthcoming.

By: OneMoreClueThanYou

OneMoreClueThanYou — Sat, 06 Jun 2009 15:52:20 +0000

“reliable sources” is code for “we need hits to our site.”