Friday, April 15, 2011

The apocalypse of Online Poker in the US

I have no idea what is going on as I just opened up my twitter feed to see that the United States DOJ has indicted 11 of the owners of Full Tilt, PokerStars and Cereus (Absolute Poker & Ultimate Bet) for fraud and money laundering and illegal gambling aka your basic racketeering charges. I would assume bank officials who allowed the payments to be processed are also going to be herded up soon.

Sucks for my friends grinding out a living online.

Here are links to a few of the articles I rounded up but didnt read yet:

Wall Street Journal
Eleven Charged in Federal Crackdown on Online-Poker Companies

Business Insider
Meet The Boy Genius Who Just Took Down The Online Poker Industry

CNN Money Online poker companies indicted for fraud

Also Check out Pokerati for breaking news. Pauly is currently in Lima Peru covering a LAPT event for Pokerstars but he did have time to scrape this together on Tao of Poker

I just saw 2+2 moderator and former Pokerati contributor, Kevin Mathers tweet that the 2+2 forum had its highest number of people on the forum at one time a little while ago looking for information.

As of a few minutes ago i could still log onto Pokerstars but i didnt actually attempt to try to play anything. Edit**** US Residents are banned from playing any cash games or tournaments

Retirement to Costa Rica is looking good.

1 comment:

Jessica said...

Are you still playing poker live?

Keep bloggin!


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