RE: Fed Crackdown on Online Poker Money Transfers

More details on WTF’s going on

by , Jun 7, 2009 | 2:25 pm

None of this is super-confirmed — government officials don’t work “on the record” over the weekend — but here’s what we are hearing from presumably reliable sources regarding payment troubles at PokerStars and elsewhere:

(Again, this is all subject to factual revision — the news-gathering process can be messy business — but it’s definitely not a joke like our “news” of the Russ Hamilton/Full Tilt banner endorsement. Question marks added on stuff we’re less clear about; grain of salt knowing some sources may have a “message” they want out there.)

  • The DOJ is spearheading the effort to shake down up PokerStars payment processors, with authority from New York’s Southern District federal court.
  • $14 million has been frozen (in a Sacramento bank?) in either one or two accounts — the account(s) of a third-party payment processor — affecting 5,500 PokerStars players.
  • These people have supposedly been notified not to cash any checks they’ve been issued, and their online accounts have been credited.
  • No need for a panic or a run on online banks — $14 million may or may not be being covered by a friendly non-PokerStars-ish entity, which should be made available in a matter of days.
  • Online poker indy big-wigs planning aggressive counterattack in court tomorrow. New York DA (?) Somebody will be seeking injunctions on the federal action(?), suggesting rogue overzealous Dept. of Justice prosecutors are overstepping their bounds, similar to the way they did going after Alaska Sen. Ted Stevens.

Tags: ,

7 Comments to “RE: Fed Crackdown on Online Poker Money Transfers ”


  1. Kevin Mathers
    says:

    Did I read that right about a NY DA on the side of PokerStars on this issue?


  2. DanM
    says:

    that’s what i’m hearing … but there is a question mark near that assertion.


  3. Alicia
    says:

    WTF is this world coming to?!?!? Why doesn’t the govt just let me play poker and give me my money when I want it so they can tax the crap out of it to pay for any other industries they’d like to nationalize? Seems like a win-win to me… well that is if you consider taking it coming and going a win… but a win nonetheless.


  4. DLewis
    says:

    I tried to deposit on Full Tilt last night and tonight and it said that E-Check is not available.


  5. DanM
    says:

    Were any other deposit options working?


  6. Drizztdj
    says:

    My Full Tilt check from two weeks ago is stating “pending returned”. Which of course was the money I was planning on using in three weeks in Vegas.

    They return the money to my account, but THAT’S NOT WHERE I WANT IT.

    Plus I’ll probably be hit with some bad check fee.


  7. DLewis
    says:

    It looks like all the other ones are working or at least they are not being blocked from trying them. The only credit cards I’ve ever been able use were the ones you buy at the drug store.

Leave a Comment

Get an avatar here.