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Feds cracking down on online poker..? - Page 9

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Pokerstars is an online poker site. Pokerstrategy is an educational training site. They are not the same site. The TSL3 is sponsored by pokerstrategy.com.
Puosu
Profile Blog Joined April 2007
7034 Posts
Last Edited: 2011-04-15 20:16:09
April 15 2011 20:15 GMT
#161
So much differing information being spewed out everywhere, as an European I have no idea whether or not to panic and if so to what degree. Fuck.
Modafinil
Profile Joined May 2010
United States35 Posts
Last Edited: 2011-04-15 20:19:52
April 15 2011 20:15 GMT
#162
On April 16 2011 05:05 Wohmfg wrote:
Show nested quote +
On April 16 2011 04:55 Modafinil wrote:
On April 16 2011 04:41 Wohmfg wrote:
The UIGEA is a law in a country that I am not a citizen of. I gave my money to an American company with the faith that they were operating legally. As far as I am aware, there was nothing to indicate to me that they were operating illegally.


Good faith isn't going to get you anywhere here, unfortunately. Again, sucks to be you, but you have no recourse. The assets of the company are the subject of an in rem seizure - legally speaking, you're completely unrelated to the matter here. The assets are property connected to an illegal activity - fraud and money laundering to avoid UIGEA.

If you could point me to some evidence that would show that I was stupid for doing this then please go ahead. That is, evidence that is readily available to anyone and that highlights the possibility of the scenario the poker sites are facing now.


I mean, it should have been fairly obvious once UIGEA was passed in the first place - that's when I quit (though for other reasons too). Everyone knew that, in practice, UIGEA was just going to be make the whole deposit/withdrawal process more difficult. But did anyone really think that was going to be the end of it? I certainly didn't.

I definitely understand that people weren't aware of what the situation was like going into poker. No, there probably was no way to know directly if you got into the game late, especially in the past couple years. The FBI investigation has been going on since 2009 from what I understand.

Your point about the cheating in poker has no relevance on this subject at all.


Not directly, no. It's just that the whole area has been kind of... iffy. I mean, you have to realize that for every cheater that's caught, there's probably an order of magnitude more who aren't, right? Online poker definitely got me some good returns in 2004/2005, when it was still new and full of fish and nobody was using tracking sites like sharkscope. But it wasn't going to last, and it didn't.


I haven't asked once for any recourse.


I thought we were talking about getting your money back? How you went about it would be some recourse.

So as soon as UIGEA, you assumed that all the poker sites operating in USA were operating illegally? And everyone else should have as well? That's crazy to assume.


Apparently it wasn't. And let's not forget that Partypoker and PacificPoker blocked US customers as a result of the UIGEA. Seems like a good move now, doesn't it? If you'd been playing there your money would be safe now, from what I can see.

And yeah, any site operating in the USA was certainly operating in violation of most state law, although the question of personal jurisdiction over a website hadn't really been clarified in American law at that point, but was clearly leaning in the direction of state jurisdiction over commercial websites. You have to understand how jurisdiction works - if you're doing something illegal in one country, your stuff is another country can be seized pursuant to the illegal activity in the other country. Most countries cooperate with each other in this way, for plenty of other good reasons.

But yes, the fact that the US passed a federal law clearly designed to attack online poker should have been some indication that things were not in the clear for online poker. Ironically, I was always more worried by 1) collusion and 2) bad faith on the part of the house, both of which turned out to be going on too, in some instances. (though not related to this, obviously).

That said, I feel pretty bad for anyone who lost money today. There was no way to know this would happen now, and in my view online poker should be legal anyway. But now it has and there's really little chance of anyone getting anything back.
Kipsate
Profile Blog Joined July 2010
Netherlands45349 Posts
Last Edited: 2011-04-15 20:16:00
April 15 2011 20:15 GMT
#163
On April 16 2011 05:11 Wohmfg wrote:
Just a thought, won't our money be insured against things like this?


What I think happens is that these poker sites have a debt to you, however if the US goverment sues these sites and wins the cases, then the poker sites will have a debt to the US goverment too, the US goverment however has priority over, well anyone, after that come major shareholders etcetera.(correct me if I am wrong).

So even if there was insurance I doubt you'd get your money back, you can't get money off someone who has noone. Atleast thats how I see it, but what do I know .
WriterXiao8~~
Dragonsven
Profile Joined April 2010
United States145 Posts
April 15 2011 20:15 GMT
#164
On April 16 2011 05:14 Wohmfg wrote:
Show nested quote +
On April 16 2011 05:13 Dragonsven wrote:
On April 16 2011 05:11 Wohmfg wrote:
Just a thought, won't our money be insured against things like this?


Insured by whom?


The actual poker sites.


Unlikely considering that money was involved in a criminal enterprise. The US government has every right to seize it.
Fair and balanced.
ROOTFayth
Profile Joined January 2004
Canada3351 Posts
April 15 2011 20:16 GMT
#165
On April 16 2011 05:14 Sufficiency wrote:
Good. I seriously think gambling online (especially poker) is stupid. All you need is a calculator and you are good to go.

hi fish
relyt
Profile Blog Joined November 2010
United States1073 Posts
April 15 2011 20:16 GMT
#166
On April 16 2011 05:14 Sufficiency wrote:
Good. I seriously think gambling online (especially poker) is stupid. All you need is a calculator and you are good to go.

Joke, right?
contraSol
Profile Blog Joined December 2010
United States185 Posts
April 15 2011 20:17 GMT
#167
On April 16 2011 05:14 Sufficiency wrote:
Good. I seriously think gambling online (especially poker) is stupid. All you need is a calculator and you are good to go.


Thank god your opinion is irrelevant.
Wrongspeedy
Profile Blog Joined August 2010
United States1655 Posts
April 15 2011 20:17 GMT
#168
On April 16 2011 05:02 Pervect wrote:
MONEY once again defending the world from grave injustices. Another great success for the greatest nation in history. MONEY MONEY MONEY


WE NEED MONEY


Haha thats all I could see.
It is better to be a human dissatisfied than a pig satisfied; better to be Socrates dissatisfied than a fool satisfied.- John Stuart Mill
rabidch
Profile Joined January 2010
United States20289 Posts
April 15 2011 20:20 GMT
#169
On April 16 2011 05:15 Puosu wrote:
So much differing information being spewed out everywhere, as an European I have no idea whether or not to panic and if so to what degree. Fuck.

The attorney dude is almost certainly likely right, and everybody else is probably reeling from their losses.
LiquidDota StaffOnly a true king can play the King.
Lann555
Profile Joined February 2010
Netherlands5173 Posts
April 15 2011 20:20 GMT
#170
Crap, I had some money on one of the affected sites. Honestly, given that the American goverment is involved I doubt Ill ever see it back
Fantasy Fan! Gogogo vultures
blade55555
Profile Blog Joined March 2009
United States17423 Posts
April 15 2011 20:20 GMT
#171
wtf... God damn how retarded can the government be? Jesus -_-. I mean fuck I didn't play poker and make a ton of money just played for fun and all that just deposited like 10-20$ play that would last me till I either withdrew the 100$ I made or something (didn't play that much).

I mean wow I feel so bad for the people who make a lot of money playing poker and are now getting fucked over. Joys of the government always trying to baby people T_T.
When I think of something else, something will go here
Wrongspeedy
Profile Blog Joined August 2010
United States1655 Posts
Last Edited: 2011-04-15 20:21:30
April 15 2011 20:20 GMT
#172
On April 16 2011 05:15 Kipsate wrote:
Show nested quote +
On April 16 2011 05:11 Wohmfg wrote:
Just a thought, won't our money be insured against things like this?


What I think happens is that these poker sites have a debt to you, however if the US goverment sues these sites and wins the cases, then the poker sites will have a debt to the US goverment too, the US goverment however has priority over, well anyone, after that come major shareholders etcetera.(correct me if I am wrong).

So even if there was insurance I doubt you'd get your money back, you can't get money off someone who has noone. Atleast thats how I see it, but what do I know .

Thats 100% true. Happened to my dad. He owns a small business, sells metal to large companies that manufacture homes. Well one of those companies decided they were in over their head and didn't want to pay anyone. Bankruptcy = Profit.

And of course they are still in business and my Dad still does business with them, even though they owe him 20k that he will never get. -_-'
It is better to be a human dissatisfied than a pig satisfied; better to be Socrates dissatisfied than a fool satisfied.- John Stuart Mill
GinDo
Profile Blog Joined September 2010
3327 Posts
April 15 2011 20:21 GMT
#173
Who keeps the money at the end? The U.S?

-_- so this is how they solve our financial problems
ⱩŦ ƑⱠẬ$Ħ / ƩǤ ɈƩẬƉØƝǤ [ɌȻ] / ȊṂ.ṂṼⱣ / ẬȻƩɌ.ȊƝƝØṼẬŦȊØƝ / ẬȻƩɌ.ϟȻẬɌⱠƩŦŦ ϟⱠẬɎƩɌϟ ȻⱠẬƝ
Go0g3n
Profile Blog Joined December 2009
Russian Federation410 Posts
April 15 2011 20:22 GMT
#174
Wouldn't those 'individuals' use that exact scheme to get money through banks in other countries? Pretty sure after the dust settles a lot more websites will be brought down. Well, there go my $3.45...
AKspartan
Profile Joined January 2011
United States126 Posts
April 15 2011 20:23 GMT
#175
On April 16 2011 05:11 Enervate wrote:
Show nested quote +
On April 16 2011 05:06 AKspartan wrote:
On April 16 2011 05:01 Enervate wrote:
On April 16 2011 04:48 AKspartan wrote:
On April 16 2011 04:44 Kipsate wrote:
Non-violent means little, it is more of a white-collar crime, and money laundering is quite a serious offense.


It's only called "money laundering" because their enterprise isn't legally condoned by the government. That's it. No money was stolen here. No people were wronged. No one was hurt. It doesn't take much critical thinking to see that nothing that the purveyors of the poker site did nothing inherently criminal or immoral. They broke unjust laws, and they will face an unjust punishment if convicted.

LOL, kind of like how not being allowed to print your own money is unjust right?


You're clueless. The government monopolization of money and the transformation of money from a commodity money to fiat money is one of the greatest problems facing the world today. Just wait until a few years from now when all the debt monetization that has been happening to finance our outrageous deficit spending rears its ugly head in the form of massive devaluation of the dollar.

Oh, so poker sites were intent on trying to decrease the deficit and save the dollar from devaluation. How could I have been so clueless?


No, the two issues have nothing to do with one another, but nice attempt at a goalpost shift. Do you concede to my original point that the sites did nothing immoral, and that any attempt to prosecute them is unjust, or are you going to continue trying to view the world through your broken moral lens?
Soap
Profile Blog Joined April 2010
Brazil1546 Posts
April 15 2011 20:23 GMT
#176
On April 16 2011 05:13 Zerokaiser wrote:Yes, it's bullshit that online poker is illegal in the United States. However, it was and is illegal and the aforementioned poker sites know that. They're the ones that have brought this upon all their customers.


That's an extense grey area. What's certain is it's illegal to process payments to and from online gambing parlors in the US. First, that's an issue for payment processors, neither us nor the sites itself that aren't even based in the US. Second, it's arguable if poker fits under gambling; statistically, the better player always win.
Chrispy
Profile Blog Joined June 2009
Canada5878 Posts
April 15 2011 20:23 GMT
#177
Wow that's terrible for all you poker players I feel sorry for you. I just watched "The Untouchables" yesterday and this totally feels like the modern day equivalent of it.
Retvrn to Forvms
Wohmfg
Profile Blog Joined January 2009
United Kingdom1292 Posts
April 15 2011 20:23 GMT
#178
On April 16 2011 05:15 Modafinil wrote:
Show nested quote +
On April 16 2011 05:05 Wohmfg wrote:
On April 16 2011 04:55 Modafinil wrote:
On April 16 2011 04:41 Wohmfg wrote:
The UIGEA is a law in a country that I am not a citizen of. I gave my money to an American company with the faith that they were operating legally. As far as I am aware, there was nothing to indicate to me that they were operating illegally.


Good faith isn't going to get you anywhere here, unfortunately. Again, sucks to be you, but you have no recourse. The assets of the company are the subject of an in rem seizure - legally speaking, you're completely unrelated to the matter here. The assets are property connected to an illegal activity - fraud and money laundering to avoid UIGEA.

If you could point me to some evidence that would show that I was stupid for doing this then please go ahead. That is, evidence that is readily available to anyone and that highlights the possibility of the scenario the poker sites are facing now.


I mean, it should have been fairly obvious once UIGEA was passed in the first place - that's when I quit (though for other reasons too). Everyone knew that, in practice, UIGEA was just going to be make the whole deposit/withdrawal process more difficult. But did anyone really think that was going to be the end of it? I certainly didn't.

I definitely understand that people weren't aware of what the situation was like going into poker. No, there probably was no way to know directly if you got into the game late, especially in the past couple years. The FBI investigation has been going on since 2009 from what I understand.

Your point about the cheating in poker has no relevance on this subject at all.


Not directly, no. It's just that the whole area has been kind of... iffy. I mean, you have to realize that for every cheater that's caught, there's probably an order of magnitude more who aren't, right? Online poker definitely got me some good returns in 2004/2005, when it was still new and full of fish and nobody was using tracking sites like sharkscope. But it wasn't going to last, and it didn't.


I haven't asked once for any recourse.


I thought we were talking about getting your money back? How you went about it would be some recourse.

Show nested quote +
So as soon as UIGEA, you assumed that all the poker sites operating in USA were operating illegally? And everyone else should have as well? That's crazy to assume.


Apparently it wasn't. And let's not forget that Partypoker and PacificPoker blocked US customers as a result of the UIGEA. Seems like a good move now, doesn't it? If you'd been playing there your money would be safe now, from what I can see.

And yeah, any site operating in the USA was certainly operating in violation of most state law, although the question of personal jurisdiction over a website hadn't really been clarified in American law at that point, but was clearly leaning in the direction of state jurisdiction over commercial websites. You have to understand how jurisdiction works - if you're doing something illegal in one country, your stuff is another country can be seized pursuant to the illegal activity in the other country. Most countries cooperate with each other in this way, for plenty of other good reasons.

But yes, the fact that the US passed a federal law clearly designed to attack online poker should have been some indication that things were not in the clear for online poker. Ironically, I was always more worried by 1) collusion and 2) bad faith on the part of the house, both of which turned out to be going on too, in some instances. (though not related to this, obviously).

That said, I feel pretty bad for anyone who lost money today. There was no way to know this would happen now, and in my view online poker should be legal anyway. But now it has and there's really little chance of anyone getting anything back.


Thanks for saying what I've been trying to get out of you!

Well done for knowing that it was going to happen, but it's unreasonable to expect that everyone else should know too.
BW4Life!
jtw1n
Profile Joined September 2010
United States18 Posts
April 15 2011 20:24 GMT
#179
This is surely another way for the government to try and dig itself out of the debt hole. Seize any money it can. Did the same with Libyan assets. As soon as they could justify it stole they make the move and steal the money. Most every one of these sites is run from outside the US and have its company setup on some island nation where they don't bother them. They send the checks through 3rd party distributors to get banks to clear them but I don't see how the FBI feel its justified in seizing anything. If it wanted to have the sites block US use that's one thing but these sites are international and used by people in Canada and other countries which are OK with their business. Anyone who's freaking out move to Canada, they don't even tax income from Gambling there.
Do or do not. There is no try
Ingenol
Profile Blog Joined November 2008
United States1328 Posts
April 15 2011 20:24 GMT
#180
Sadly, Atlas Shrugged turns out to be a more accurate predictor of the future every day.

The world is run by looters masquerading in the form of governments.
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