Feds Crack Down On Poker Websites For Fraud

Law360, New York (April 15, 2011, 7:07 PM EDT) -- Federal prosecutors in New York on Friday charged the founders of the three largest poker websites and eight others with bank fraud and money laundering in a scheme to get around U.S. laws banning online gambling.

In an indictment unsealed in the U.S. District Court for the Southern District of New York, the 11 men attached to the PokerStars, Full Tilt Poker and Absolute Poker websites allegedly planned to funnel billions of dollars in credit card payments from U.S.-based players to nonexistent merchants to bypass the...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

USA v. Tzvetkoff et al


Case Number

1:10-cr-00336

Court

New York Southern

Nature of Suit

Date Filed

April 15, 2010

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.