Online Poker Fraud? PokerStars, Full Tilt Poker Shut Down 2011

Several executives for major online poker sites were indicted by the FBI on Friday, April 15, 2011.

Executives at PokerStars, Full Tilt Poker and Absolute Poker have been charged with bank fraud and money laundering.

The online poker indictment alleges that the poker sites worked in conjunction with payment processors to trick US banks into processing payments. 

• Pokerstars.com Moves to Pokerstars.eu
• Can You Get Your Money Back From Closed Sites?

US attorney Preet Bharara said in a statement: "Moreover, as we allege, in their zeal to circumvent the gambling laws, the defendants also engaged in massive money laundering and bank fraud,"

According to one report, "a total of five domain names, including UB.com, PokerStars.com, FullTiltPoker.com, have been seized by the DOJ."

Many users of online pokers sites found their favorite site replaced by a DOJ message.

Photos

painting with light

see larger image

uploaded by harry92

• 

  uploaded by harry92 | add comment

• 

  uploaded by Zesh | add comment

Here is a list of online poker executives named in the indictment:

-Isai Scheinberg
-Raymond Bitar
-Scott Tom
-Brent Beckley
-Nelson Burtnick
-Paul Tate
-Ryan Lang
-Bradley Franzen
-Ira Rubin
-Chad Elie
-John Campos