Online Poker's Big Three Indicted

Anything poker-related, and which doesn't fit into other forum categories

Re: Online Poker's Big Three Indicted

Postby chenghao » Wed Apr 20, 2011 11:16 am

SetKing wrote:Oh that good news, so by the way what the charges for MB to withdrawal to a Singapore bank?

when i withdrew , its 3.21 SGD and an additional 10 SGD by dbs bank , not worth it if withdrawing small amounts , anywhere less then 1K
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Re: Online Poker's Big Three Indicted

Postby pokerace » Wed Apr 20, 2011 2:01 pm

If u use citibank,they don't charge the $10 fee.
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Re: Online Poker's Big Three Indicted

Postby chenghao » Fri Apr 22, 2011 12:27 am

PokerStars Cashout Request
From:
PokerStars Cashier <cashier1@pokerstars.eu>
Add to Contacts
To: lee.chenghao@gmail.com

Cashout request time: 2011/04/16 10:00 CCT

Cashout amount: USD 100.00


USD 100.00 has been credited to your Moneybookers account (my email).

Please be advised that some payment method providers will credit customer accounts instantly and others may take 3-10 business days to apply credits.

Your PokerStars Account Information:
Private information

If you have any further questions regarding this transaction, please contact "PokerStars Cashier" <cashier1@pokerstars.eu>

cleared after 6 days , but main thing is it cleared!
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Re: Online Poker's Big Three Indicted

Postby thebiggame » Fri Apr 22, 2011 5:59 am

chenghao wrote:PokerStars Cashout Request
From:
PokerStars Cashier <cashier1@pokerstars.eu>
Add to Contacts
To: lee.chenghao@gmail.com

Cashout request time: 2011/04/16 10:00 CCT

Cashout amount: USD 100.00


USD 100.00 has been credited to your Moneybookers account (my email).

Please be advised that some payment method providers will credit customer accounts instantly and others may take 3-10 business days to apply credits.

Your PokerStars Account Information:
Private information

If you have any further questions regarding this transaction, please contact "PokerStars Cashier" <cashier1@pokerstars.eu>

cleared after 6 days , but main thing is it cleared!



You know why it took so long for your withdrawal to reach you? It is because you are a winning player at PS. If you don't believe, you can ask a losing player on PS to try the same mode of withdrawal and they will receive the funds almost instantaneously.
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Re: Online Poker's Big Three Indicted

Postby chenghao » Fri Apr 22, 2011 10:00 am

I think there are fresh funds from the scoop reload bonus lol
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Re: Online Poker's Big Three Indicted

Postby nazry » Sun Apr 24, 2011 5:40 am

You guys having problems in opening up PS? Tried to download it from the EU site and still couldnt open it. Let me know if you guys facing the same problems.
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Re: Online Poker's Big Three Indicted

Postby chenghao » Sun Apr 24, 2011 8:49 pm

nazry wrote:You guys having problems in opening up PS? Tried to download it from the EU site and still couldnt open it. Let me know if you guys facing the same problems.

did you try the original site ? it is probably available for download back @ pokerstars.com
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Re: Online Poker's Big Three Indicted

Postby chenghao » Sun Apr 24, 2011 11:17 pm

chenghao wrote:
nazry wrote:You guys having problems in opening up PS? Tried to download it from the EU site and still couldnt open it. Let me know if you guys facing the same problems.

did you try the original site ? it is probably available for download back @ pokerstars.com

http://www.pokertableratings.com/blog/2 ... m-domains/

Main » Articles, Featured Articles, PTR News
PokerStars & Full Tilt Regain .com domains
By Paul Ellis - April 21st, 2011

The U.S. Department of Justice released a press release yesterdayannouncing that they have entered an agreement with Full Tilt Poker and PokerStars to have the sites regain their .com web site addresses for the purposes of refunding U.S. poker players their money. While the U.S. player will still not be permitted to play on their “real money” client, the remainder of the world will be able to use the sites as they normally would.

Says U.S. Attorney for the Southern District of New York Preet Bharara “On April 15, the Office and the FBI took specific action against 11 individuals who allegedly engaged not merely in the operation of illegal gambling businesses, but in massive wire fraud, bank fraud, and money laundering, despite repeated warnings and clear notice that their conduct was illegal in the United States. No individual player accounts were ever frozen or restrained, and each implicated poker company has at all times been free to reimburse any player’s deposited funds. In fact, this Office expects the companies to return the money that U.S. players entrusted to them, and we will work with the poker companies to facilitate the return of funds to players, as today’s agreements with PokerStars and Full Tilt demonstrate.”

Full Tilt Poker also provided their own press release today which announced somewhat of a different story. While the agreement with the DOJ was reached, Full Tilt explained the complexity and difficulty faced with reimbursing players, but promised to work with the DOJ to get everyone their money back. Full Tilt’s response:

“Full Tilt Poker is pleased to announce that it has reached an agreement with the United States Attorney’s Office for the Southern District of New York to regain the use of its worldwide domain name, www.fulltiltpoker.com.

Although players in the United States will not be permitted to engage in real-money play, the agreement expressly allows for real-money play outside of the United States.

In addition, the agreement represents an important first step towards returning funds to U.S. players because it allows Full Tilt Poker to utilize its domain to facilitate the withdrawal of player funds. But, unfortunately, there remain significant practical and legal impediments to returning funds to players in the immediate future. As a result of the recent enforcement action, there exists no authorized U.S. payment channel through which to make refunds; Full Tilt Poker has no accounting of the millions of dollars of player funds that were seized by the government, and the government has not agreed to permit any of the seized player funds to be returned to the players.

Finally, there are numerous legal and jurisdictional issues that must be considered before poker winnings can be paid out to players throughout the United States. While Full Tilt Poker continues to believe that online poker is not illegal under federal law or in 49 states, the indictment and civil forfeiture action filed last Friday require Full Tilt Poker to proceed with caution in this area.

Notwithstanding these issues, Full Tilt Poker is ready to work diligently with the United States Attorney’s Office in the Southern District of New York to try and resolve these issues and to get players their money back as soon as possible.”

PokerStars has also issued a statement on the matter, saying:

“The company categorically denies the allegations brought by the US Department of Justice on 15th April 2011 and is taking all steps necessary to robustly defend itself, and the two named individuals. Meanwhile, the company has stopped offering real money poker services in the United States.

Returning US players’ funds is a top priority for PokerStars and the company can now start the process of returning money to its former US customers. All PokerStars player deposits are completely safe. The Isle of Man’s strict licensing laws (similar to other jurisdictions where PokerStars holds licenses) require all funds to be held in accounts that are segregated from company assets. PokerStars has always complied with this requirement and continues to do so. This money is readily available to meet withdrawal demands, indeed the company continues to comply with withdrawal requests from players based outside the US as normal. Outside the U.S., PokerStars continues to operate business as usual.”

The statement made by the U.S. Attorney’s office elaborated on the issue of player’s money saying “The Complaint, a related Indictment, and a related Restraining Order issued against multiple bank accounts utilized by the companies and their payment processors do not prohibit the companies from refunding players’ money. Nevertheless, this agreement will facilitate the return of money so that players can register their refund requests directly with PokerStars and Full Tilt Poker.”

The U.S. Attorney’s statement went on to state “Under the terms of the agreements with PokerStars and Full Tilt Poker, the companies agreed that they would not allow for, facilitate, or provide the ability for poker players located in the United States to engage in playing online poker for ‘real money’ or any other thing of value. The agreements allow for PokerStars and Full Tilt Poker to use the pokerstars.com and fulltiltpoker.com domain names to facilitate the withdrawal of U.S. players’ funds held in account with the companies. The deposit of funds by the U.S. players is expressly prohibited. In addition, the agreements do not prohibit, and, in fact, expressly allow, for PokerStars and Full Tilt Poker to provide for, and facilitate, players outside the United States to engage in playing online poker for real money. The agreements also require the appointment of an independent Monitor to verify PokerStars’ and Full Tilt Poker’s compliance with the agreements. The Government stands to enter the same agreement with Absolute Poker if it so chooses.”

No dates have been released by the companies as to when the deposits will begin to be permitted to be processed by the Department of Justice, however with the companies working together to assure that the players receive their funds, it appears to simply be a matter of time before that is resolved as well.

PokerTableRatings.com will continue to bring you new developments on the indictments as the unfold
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Re: Online Poker's Big Three Indicted

Postby acehigh » Wed May 18, 2011 5:57 pm

Let's hope they don't take ps away. Update?
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