No more Online Poker – ATTORNEY CHARGES Three Largest Online Poker Companies : Business – jesperastrom.com

Posted by | April 15, 2011 | Business | No Comments

Just got a tip from a friend that ends my celebration abruptly. The United States Attorney Southern District of New York has just indicted the three major poker rooms in the world with charges that are completely insane. If this indictment goes through it might mean the end of poker online as we know it.

You can find the full press release here and the website here.

Some of the charges being brought towards these people can be summarized in the following statement by Manhattan U.S. Attorney PREET BHARARA: “As charged, these 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. Moreover, as we allege, in their zeal to circumvent the gambling laws, the defendants also engaged in massive money laundering and bank fraud. Foreign firms that choose to operate in the United States are not free to flout the laws they don’t like simply because they can’t bear to be parted from their profits.”

To quote a friend of mine “poker domains just became very cheap”.

FBI can seize poker domains – bye bye pokersite SEO war

The real problem here is that Poker domains can now be seized by the FBI meaning they will stop working. In turn this means that FBI can shut down any poker website they want within no time at all. This in turn means that the poker clients have to be spread some other way. P2P software or other social media services. Perhaps an end to SEO war for poker websites, now having to rely on other means of getting their software to the public.

I am not happy about this as I believe that government shouldn’t have anything to do with what we do with our money post tax, but this will naturally bring me a lot of gambling business. Happy and sad at the same time.

More on this update will follow.

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