11 charged in NYC with bank fraud, illegal gambling in bust of 3 largest Internet poker houses
By Associated Press,
Saturday, April 16, 12:48 AM
NEW YORK — Federal authorities busted the three largest online poker websites in the United States on Friday with charges of bank fraud and illegal gambling against 11 people, accusing them of manipulating banks to process billions of dollars in illegal revenue.
Prosecutors in Manhattan said they’ve issued restraining orders against more than 75 bank accounts in 14 countries used by the poker companies, interrupting the illegal flow of billions of dollars.
U.S. Attorney Preet Bharara said the defendants “concocted an elaborate criminal fraud scheme, alternately tricking some U.S. banks and effectively bribing others to assure the continued flow of billions in illegal gambling profits.”
The companies, all based overseas, were identified as PokerStars, Full Tilt Poker and Absolute Poker. The indictment sought $3 billion in money laundering penalties and forfeiture from the defendants.
(More here.)
Saturday, April 16, 12:48 AM
NEW YORK — Federal authorities busted the three largest online poker websites in the United States on Friday with charges of bank fraud and illegal gambling against 11 people, accusing them of manipulating banks to process billions of dollars in illegal revenue.
Prosecutors in Manhattan said they’ve issued restraining orders against more than 75 bank accounts in 14 countries used by the poker companies, interrupting the illegal flow of billions of dollars.
U.S. Attorney Preet Bharara said the defendants “concocted an elaborate criminal fraud scheme, alternately tricking some U.S. banks and effectively bribing others to assure the continued flow of billions in illegal gambling profits.”
The companies, all based overseas, were identified as PokerStars, Full Tilt Poker and Absolute Poker. The indictment sought $3 billion in money laundering penalties and forfeiture from the defendants.
(More here.)
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