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    All Forums | General Discussion

    The end of online gambling is near

    «First Previous 151617 ... 192021 Next Last»
    vanzack
    Barnstorm
    LVTruck
    pezeveng
    kaponofor3
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    vanzack
    vanzack
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    Posted: May. 25, 2011 - 12:26 PM ET #351

    Quote Originally Posted by Dawnmarie:

    OK those poker sites that were shut down was due to THEM doing illegal banking and fraud !

    PERIOD the END !

    THe ones that operate legally and correctly are NOT going anywhere !

    I only know of one licensed in California for all players world wide

    not even dvertised on TV but they have a large customer base

    and it's FREE to play forever and win real cash !

    BUT it's beter to pay the yearaly fee so YOU can enter more MTT's every day easier to qualify to win big money and NOT have to see the ads running in every game YOU play as a FREE member

    PUREPLAY is name of site been around since 2002 i belive

    i play there and it's rough o well holdem is not my best game anyway !

     

    Dawnmarie -

    I hate to tell you, but there is no such thing as a "legal" or "licensed" poker site in the USA.

    Your understanding is not correct (unless it is a site for fun, not for money).

    Support your local animal shelter. I am on twitter.
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    Quote Originally Posted by Dawnmarie:

    OK those poker sites that were shut down was due to THEM doing illegal banking and fraud !

    PERIOD the END !

    THe ones that operate legally and correctly are NOT going anywhere !

    I only know of one licensed in California for all players world wide

    not even dvertised on TV but they have a large customer base

    and it's FREE to play forever and win real cash !

    BUT it's beter to pay the yearaly fee so YOU can enter more MTT's every day easier to qualify to win big money and NOT have to see the ads running in every game YOU play as a FREE member

    PUREPLAY is name of site been around since 2002 i belive

    i play there and it's rough o well holdem is not my best game anyway !

     

    Dawnmarie -

    I hate to tell you, but there is no such thing as a "legal" or "licensed" poker site in the USA.

    Your understanding is not correct (unless it is a site for fun, not for money).

     
    Barnstorm
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    Posted: May. 25, 2011 - 1:07 PM ET #352

    Right.

    I'm not sure there is any legal way for a sportsbook or poker site to host U.S. players. If any sportsbook has misled or deceived banks or Western Union into transferring funds from U.S. players, they could be in trouble.

    Were there any legal deposit methods for U.S. players? I don't think so. Credit Cards, Prepaid Visa cards, Western Union Moneygrams, bank? I think they might all be illegal under that latest law. A check by FedEx? Even then, your bank is supposed to stop that transfer. Hard for them to control all that of course. 
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    Right.

    I'm not sure there is any legal way for a sportsbook or poker site to host U.S. players. If any sportsbook has misled or deceived banks or Western Union into transferring funds from U.S. players, they could be in trouble.

    Were there any legal deposit methods for U.S. players? I don't think so. Credit Cards, Prepaid Visa cards, Western Union Moneygrams, bank? I think they might all be illegal under that latest law. A check by FedEx? Even then, your bank is supposed to stop that transfer. Hard for them to control all that of course. 
     
    LVTruck
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    Posted: May. 25, 2011 - 1:43 PM ET #353

    Online Poker will be first,, I agree,, but this will  someday come down to the Supreme Court 

    Ginsberg: very liberal, consistently votes against the conservatives AGE 77

    Breyer: consistently liberal  AGE 71

    Sotomayor: consistently votes with the progressive bloc AGE 56

    Kagan: expected centrist-progressive, no record of jurisprudence AGE 50

    Kennedy: the swing vote; considered a conservative; sometimes votes with the liberal faction AGE 73

    Alito: consistently conservative AGE 59

    Roberts: consistently conservative  AGE 55

    Scalia: extremely conservative AGE 75

    Thomas: extremely conservative  AGE  61

    I am not political,, never voted,, but in my option if Obama get a 2nd term He  may put 3 Justices in...

    At that point The betting public could see a 6-3 vote 

    "The amount of money that can be brought in from tax revenue is simply unbelievable. Studies show that online gambling would bring in hundreds of millions of dollars a year if it were legal in every state. Truth is that over a million people gamble online every year in the USA and we are losing out on all of the tax revenue that could be collected if gambling were legal and regulated. "

    Just my 2 cents pure speculation


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    Online Poker will be first,, I agree,, but this will  someday come down to the Supreme Court 

    Ginsberg: very liberal, consistently votes against the conservatives AGE 77

    Breyer: consistently liberal  AGE 71

    Sotomayor: consistently votes with the progressive bloc AGE 56

    Kagan: expected centrist-progressive, no record of jurisprudence AGE 50

    Kennedy: the swing vote; considered a conservative; sometimes votes with the liberal faction AGE 73

    Alito: consistently conservative AGE 59

    Roberts: consistently conservative  AGE 55

    Scalia: extremely conservative AGE 75

    Thomas: extremely conservative  AGE  61

    I am not political,, never voted,, but in my option if Obama get a 2nd term He  may put 3 Justices in...

    At that point The betting public could see a 6-3 vote 

    "The amount of money that can be brought in from tax revenue is simply unbelievable. Studies show that online gambling would bring in hundreds of millions of dollars a year if it were legal in every state. Truth is that over a million people gamble online every year in the USA and we are losing out on all of the tax revenue that could be collected if gambling were legal and regulated. "

    Just my 2 cents pure speculation


     
    vanzack
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    Posted: May. 27, 2011 - 10:14 AM ET #354

    I was reading this thread....

    What a fucking disaster the BetEd situation is.

    Yes, you could be cynical and say "if you played at Beted, you deserve this shit" - but lots of real people are losing lots of real money - and it sucks.

    I have one piece of advice - the same advice I gave 6 weeks ago when this thread started - IF YOU HAVE MONEY AT A SPORTSBOOK THAT SERVES AMERICANS - YOUR MONEY IS AT SERIOUS RISK AND YOU SHOULD ACT APPROPPRIATELY.

    That has not changed.  It has only been solidified by the DOJ actions of this week.

    If you like to gamble that is one thing - but you are taking a huge risk before you even place a wager if you have money at any of these books.

    I hope the people get their money back.  I would put the odds at about -10/1 against.  The weeks will pass, and there is just no money if the DOJ has confiscated it, and the principles have bigger things to worry about for themselves.  It is a clusterfuck.

    Support your local animal shelter. I am on twitter.
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    I was reading this thread....

    What a fucking disaster the BetEd situation is.

    Yes, you could be cynical and say "if you played at Beted, you deserve this shit" - but lots of real people are losing lots of real money - and it sucks.

    I have one piece of advice - the same advice I gave 6 weeks ago when this thread started - IF YOU HAVE MONEY AT A SPORTSBOOK THAT SERVES AMERICANS - YOUR MONEY IS AT SERIOUS RISK AND YOU SHOULD ACT APPROPPRIATELY.

    That has not changed.  It has only been solidified by the DOJ actions of this week.

    If you like to gamble that is one thing - but you are taking a huge risk before you even place a wager if you have money at any of these books.

    I hope the people get their money back.  I would put the odds at about -10/1 against.  The weeks will pass, and there is just no money if the DOJ has confiscated it, and the principles have bigger things to worry about for themselves.  It is a clusterfuck.

     
    vanzack
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    Posted: May. 27, 2011 - 10:14 AM ET #355

    Sorry, didnt link the thread.  Here it is.
    Support your local animal shelter. I am on twitter.
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    Sorry, didnt link the thread.  Here it is.
     
    pezeveng
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    Posted: May. 27, 2011 - 1:00 PM ET #356

    Van I have to disagree with you on the legalized sportsbook being a pipedream.

    With William Hill slowly taking over individual books in Nevada I think they are the perfect fit to legalize on-line bookmaking.

    They have the resources, the technology, and the experience.

    The govt doesn't will probably want only Nevada sportsbooks to be online and I could easily see William Hill being the top rated book.
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    Van I have to disagree with you on the legalized sportsbook being a pipedream.

    With William Hill slowly taking over individual books in Nevada I think they are the perfect fit to legalize on-line bookmaking.

    They have the resources, the technology, and the experience.

    The govt doesn't will probably want only Nevada sportsbooks to be online and I could easily see William Hill being the top rated book.
     
    pezeveng
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    Posted: May. 27, 2011 - 1:01 PM ET #357

    take out the doesn't
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    take out the doesn't
     
    kaponofor3
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    Posted: May. 27, 2011 - 1:18 PM ET #358

    Quote Originally Posted by vanzack:

    I was reading this thread....

    What a fucking disaster the BetEd situation is.

    Yes, you could be cynical and say "if you played at Beted, you deserve this shit" - but lots of real people are losing lots of real money - and it sucks.

    I have one piece of advice - the same advice I gave 6 weeks ago when this thread started - IF YOU HAVE MONEY AT A SPORTSBOOK THAT SERVES AMERICANS - YOUR MONEY IS AT SERIOUS RISK AND YOU SHOULD ACT APPROPPRIATELY.

    That has not changed.  It has only been solidified by the DOJ actions of this week.

    If you like to gamble that is one thing - but you are taking a huge risk before you even place a wager if you have money at any of these books.

    I hope the people get their money back.  I would put the odds at about -10/1 against.  The weeks will pass, and there is just no money if the DOJ has confiscated it, and the principles have bigger things to worry about for themselves.  It is a clusterfuck.



    It *is* a complete clusterf*** van, you are right. I think you are prescient in your predictions about other books too. I had a low four figure sum at BetJam, which is about as well respected as an offshore book as there is, and I pulled it all out earlier this week. There's just no way to feel that your funds are safe right now. It drives me crazy but its back to my local.
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    Quote Originally Posted by vanzack:

    I was reading this thread....

    What a fucking disaster the BetEd situation is.

    Yes, you could be cynical and say "if you played at Beted, you deserve this shit" - but lots of real people are losing lots of real money - and it sucks.

    I have one piece of advice - the same advice I gave 6 weeks ago when this thread started - IF YOU HAVE MONEY AT A SPORTSBOOK THAT SERVES AMERICANS - YOUR MONEY IS AT SERIOUS RISK AND YOU SHOULD ACT APPROPPRIATELY.

    That has not changed.  It has only been solidified by the DOJ actions of this week.

    If you like to gamble that is one thing - but you are taking a huge risk before you even place a wager if you have money at any of these books.

    I hope the people get their money back.  I would put the odds at about -10/1 against.  The weeks will pass, and there is just no money if the DOJ has confiscated it, and the principles have bigger things to worry about for themselves.  It is a clusterfuck.



    It *is* a complete clusterf*** van, you are right. I think you are prescient in your predictions about other books too. I had a low four figure sum at BetJam, which is about as well respected as an offshore book as there is, and I pulled it all out earlier this week. There's just no way to feel that your funds are safe right now. It drives me crazy but its back to my local.
     
    Bluefin
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    Posted: May. 27, 2011 - 2:58 PM ET #359

    My question is How did the feds get ahold of the funds were they in the US?
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    My question is How did the feds get ahold of the funds were they in the US?
     
    smatt721
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    Posted: May. 27, 2011 - 3:18 PM ET #360

    Quote Originally Posted by kaponofor3:



    It *is* a complete clusterf*** van, you are right. I think you are prescient in your predictions about other books too. I had a low four figure sum at BetJam, which is about as well respected as an offshore book as there is, and I pulled it all out earlier this week. There's just no way to feel that your funds are safe right now. It drives me crazy but its back to my local.

    So true guys, the DOJ in cunjunction with HLS are slowly taking away all of our freedoms & making the US a "policed state". I had heard of the rumblings prior to matchbook shutting down US players & began withdrawing my funds from all of my offshore accounts. I too have been relagated to the local & their shitty ass lines to continue to play....with that said I pick & choose very selectively games to put action on. On the horizon I only see things getting more difficult for we the people in the US as the locals & Vegas gain more control of the gaming market for US players......get use to the shitty lines boyz......it's here to stay for the time being for us......

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    Quote Originally Posted by kaponofor3:



    It *is* a complete clusterf*** van, you are right. I think you are prescient in your predictions about other books too. I had a low four figure sum at BetJam, which is about as well respected as an offshore book as there is, and I pulled it all out earlier this week. There's just no way to feel that your funds are safe right now. It drives me crazy but its back to my local.

    So true guys, the DOJ in cunjunction with HLS are slowly taking away all of our freedoms & making the US a "policed state". I had heard of the rumblings prior to matchbook shutting down US players & began withdrawing my funds from all of my offshore accounts. I too have been relagated to the local & their shitty ass lines to continue to play....with that said I pick & choose very selectively games to put action on. On the horizon I only see things getting more difficult for we the people in the US as the locals & Vegas gain more control of the gaming market for US players......get use to the shitty lines boyz......it's here to stay for the time being for us......

     
    vanzack
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    Posted: May. 27, 2011 - 6:41 PM ET #361

    Quote Originally Posted by pezeveng:

    Van I have to disagree with you on the legalized sportsbook being a pipedream.

    With William Hill slowly taking over individual books in Nevada I think they are the perfect fit to legalize on-line bookmaking.

    They have the resources, the technology, and the experience.

    The govt doesn't will probably want only Nevada sportsbooks to be online and I could easily see William Hill being the top rated book.

    Pez -

    Here is how I see it.....

    Sports gambling, for whatever reason, is not seen as "a game of skill".  Poker players have been much more organized and have made inroads in to that concept of SKILL being applied to playing poker.

    Add to that the fact that every American pro sports league is very against gambling (dont understand this either, but is fact) - I just cant see enough people on our side who care and are willing to commit dollars to the cause.

    I hope I am wrong.

    Support your local animal shelter. I am on twitter.
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    Quote Originally Posted by pezeveng:

    Van I have to disagree with you on the legalized sportsbook being a pipedream.

    With William Hill slowly taking over individual books in Nevada I think they are the perfect fit to legalize on-line bookmaking.

    They have the resources, the technology, and the experience.

    The govt doesn't will probably want only Nevada sportsbooks to be online and I could easily see William Hill being the top rated book.

    Pez -

    Here is how I see it.....

    Sports gambling, for whatever reason, is not seen as "a game of skill".  Poker players have been much more organized and have made inroads in to that concept of SKILL being applied to playing poker.

    Add to that the fact that every American pro sports league is very against gambling (dont understand this either, but is fact) - I just cant see enough people on our side who care and are willing to commit dollars to the cause.

    I hope I am wrong.

     
    vanzack
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    Posted: May. 27, 2011 - 6:42 PM ET #362

    Quote Originally Posted by kaponofor3:



    It *is* a complete clusterf*** van, you are right. I think you are prescient in your predictions about other books too. I had a low four figure sum at BetJam, which is about as well respected as an offshore book as there is, and I pulled it all out earlier this week. There's just no way to feel that your funds are safe right now. It drives me crazy but its back to my local.

    It is just sickening, but I wouldnt have a dollar at a book that serves Americans until further notice.

    Support your local animal shelter. I am on twitter.
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    Quote Originally Posted by kaponofor3:



    It *is* a complete clusterf*** van, you are right. I think you are prescient in your predictions about other books too. I had a low four figure sum at BetJam, which is about as well respected as an offshore book as there is, and I pulled it all out earlier this week. There's just no way to feel that your funds are safe right now. It drives me crazy but its back to my local.

    It is just sickening, but I wouldnt have a dollar at a book that serves Americans until further notice.

     
    vanzack
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    Posted: May. 27, 2011 - 6:43 PM ET #363

    Quote Originally Posted by Bluefin:

    My question is How did the feds get ahold of the funds were they in the US?

    From what I understand, the accounts were in Guam (US Territory).

    But if the DOJ puts demands on other countries to confiscate bank accounts, I dont think there is too much resistance.

    Support your local animal shelter. I am on twitter.
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    Quote Originally Posted by Bluefin:

    My question is How did the feds get ahold of the funds were they in the US?

    From what I understand, the accounts were in Guam (US Territory).

    But if the DOJ puts demands on other countries to confiscate bank accounts, I dont think there is too much resistance.

     
    kaponofor3
    kaponofor3
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    Posted: May. 27, 2011 - 8:02 PM ET #364

    Quote Originally Posted by vanzack:

    From what I understand, the accounts were in Guam (US Territory).

    But if the DOJ puts demands on other countries to confiscate bank accounts, I dont think there is too much resistance.



    Exactly. Which countries would resist? I think we'd have trouble getting NK, Iran, Russia, and maybe a few other stray ones. But the vast majority of the countries would roll over like a dog welcoming its owner home and wanting a scratch on the belly.
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    Quote Originally Posted by vanzack:

    From what I understand, the accounts were in Guam (US Territory).

    But if the DOJ puts demands on other countries to confiscate bank accounts, I dont think there is too much resistance.



    Exactly. Which countries would resist? I think we'd have trouble getting NK, Iran, Russia, and maybe a few other stray ones. But the vast majority of the countries would roll over like a dog welcoming its owner home and wanting a scratch on the belly.
     
    kaponofor3
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    Posted: May. 27, 2011 - 8:06 PM ET #365

    Oh, and we definitely know that Panama, Malta, Portugal, and the Netherlands would roll over.
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    Oh, and we definitely know that Panama, Malta, Portugal, and the Netherlands would roll over.
     
    kaponofor3
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    Posted: May. 27, 2011 - 8:10 PM ET #366

    "“These indictments are the direct result of impressive undercover investigative work by our agents, along with the close collaboration of our law enforcement partners here in Maryland,” said William Winter, Special Agent in Charge of ICE’s Homeland Security Investigations (HSI) in Baltimore. “The proceeds from illegal Internet gambling are often used to fuel organized crime and support criminal activity. ICE HSI will work diligently to uncover illicit transactions involving these types of financial crimes. Together, with our law enforcement partners, we will disrupt and dismantle organizations that commit these crimes, regardless of their location, whether here in the United States or abroad."

     

    “Internet gambling, along with other types of illegal e-commerce, is an area of great interest to IRS Criminal Investigation,” said IRS Special Agent in Charge Rebecca A. Sparkman. “Laundering money from illegal activity such as illegal internet gambling is a crime. Regardless of how the money changes hands - via cash, check, wire transfers or credit cards - and regardless of where the money is stored - in a United States financial institution or an offshore bank - we will trace the funds. IRS Criminal Investigation will vigorously investigate and recommend prosecution against the owners and operators of these illegal enterprises to the fullest extent possible.”"


    1) Do we really think that internet gambling funds are used for organized crime and to support criminal activity?

    2) That's a scary statement if you are thinking about accepting US customers to your website. If I was a book, I'd be giving serious consideration to showing all my US customers the door

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    "“These indictments are the direct result of impressive undercover investigative work by our agents, along with the close collaboration of our law enforcement partners here in Maryland,” said William Winter, Special Agent in Charge of ICE’s Homeland Security Investigations (HSI) in Baltimore. “The proceeds from illegal Internet gambling are often used to fuel organized crime and support criminal activity. ICE HSI will work diligently to uncover illicit transactions involving these types of financial crimes. Together, with our law enforcement partners, we will disrupt and dismantle organizations that commit these crimes, regardless of their location, whether here in the United States or abroad."

     

    “Internet gambling, along with other types of illegal e-commerce, is an area of great interest to IRS Criminal Investigation,” said IRS Special Agent in Charge Rebecca A. Sparkman. “Laundering money from illegal activity such as illegal internet gambling is a crime. Regardless of how the money changes hands - via cash, check, wire transfers or credit cards - and regardless of where the money is stored - in a United States financial institution or an offshore bank - we will trace the funds. IRS Criminal Investigation will vigorously investigate and recommend prosecution against the owners and operators of these illegal enterprises to the fullest extent possible.”"


    1) Do we really think that internet gambling funds are used for organized crime and to support criminal activity?

    2) That's a scary statement if you are thinking about accepting US customers to your website. If I was a book, I'd be giving serious consideration to showing all my US customers the door

     
    kaponofor3
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    Posted: May. 27, 2011 - 8:14 PM ET #367

    "Linwood allegedly processed gambling transactions since 2009 for BetEd, K23 and other gambling organizations using banks located in Guam and Charlotte, North Carolina. According to the affidavit, between December 2009 and January 2011, Linwood processed over 300,000 transactions worth more than $33 million, including transactions for individuals in Maryland. Between February 2010 and March 2011 alone, BetEd directed Linwood to wire transfer over $2.5 million of collected gambling proceeds to bank accounts in Panama; and between February 2011 and April 2011, K23 directed Linwood to wire transfer over $91,000 of gambling proceeds to bank accounts in Portugal and Malta.

     

    The indictments and affidavit seek the forfeiture of the bank accounts used to process the gambling transactions"

    1) If you got a payment from BetEd from 2009 to present, you really got it from the US government.

    2) If we want to get technical, under that wording, shouldn't only the bank accounts relating to the payment processing be seized, not all accounts registered to that business in whatever jurisdiction? I cannot believe that these companies kept all of their liquid assets in one freaking bank account. They'd be utter fools.
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    "Linwood allegedly processed gambling transactions since 2009 for BetEd, K23 and other gambling organizations using banks located in Guam and Charlotte, North Carolina. According to the affidavit, between December 2009 and January 2011, Linwood processed over 300,000 transactions worth more than $33 million, including transactions for individuals in Maryland. Between February 2010 and March 2011 alone, BetEd directed Linwood to wire transfer over $2.5 million of collected gambling proceeds to bank accounts in Panama; and between February 2011 and April 2011, K23 directed Linwood to wire transfer over $91,000 of gambling proceeds to bank accounts in Portugal and Malta.

     

    The indictments and affidavit seek the forfeiture of the bank accounts used to process the gambling transactions"

    1) If you got a payment from BetEd from 2009 to present, you really got it from the US government.

    2) If we want to get technical, under that wording, shouldn't only the bank accounts relating to the payment processing be seized, not all accounts registered to that business in whatever jurisdiction? I cannot believe that these companies kept all of their liquid assets in one freaking bank account. They'd be utter fools.
     
    vanzack
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    Posted: May. 27, 2011 - 8:30 PM ET #368

    Quote Originally Posted by kaponofor3:

    "Linwood allegedly processed gambling transactions since 2009 for BetEd, K23 and other gambling organizations using banks located in Guam and Charlotte, North Carolina. According to the affidavit, between December 2009 and January 2011, Linwood processed over 300,000 transactions worth more than $33 million, including transactions for individuals in Maryland. Between February 2010 and March 2011 alone, BetEd directed Linwood to wire transfer over $2.5 million of collected gambling proceeds to bank accounts in Panama; and between February 2011 and April 2011, K23 directed Linwood to wire transfer over $91,000 of gambling proceeds to bank accounts in Portugal and Malta.

    The indictments and affidavit seek the forfeiture of the bank accounts used to process the gambling transactions"

    1) If you got a payment from BetEd from 2009 to present, you really got it from the US government.

    2) If we want to get technical, under that wording, shouldn't only the bank accounts relating to the payment processing be seized, not all accounts registered to that business in whatever jurisdiction? I cannot believe that these companies kept all of their liquid assets in one freaking bank account. They'd be utter fools.

    Thats what I said earlier in the thread - if you got a payment from Beted or BM from 2009, there is a good chance the US Govt processed your payment!

    That is mind blowing to me.

    Support your local animal shelter. I am on twitter.
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    Quote Originally Posted by kaponofor3:

    "Linwood allegedly processed gambling transactions since 2009 for BetEd, K23 and other gambling organizations using banks located in Guam and Charlotte, North Carolina. According to the affidavit, between December 2009 and January 2011, Linwood processed over 300,000 transactions worth more than $33 million, including transactions for individuals in Maryland. Between February 2010 and March 2011 alone, BetEd directed Linwood to wire transfer over $2.5 million of collected gambling proceeds to bank accounts in Panama; and between February 2011 and April 2011, K23 directed Linwood to wire transfer over $91,000 of gambling proceeds to bank accounts in Portugal and Malta.

    The indictments and affidavit seek the forfeiture of the bank accounts used to process the gambling transactions"

    1) If you got a payment from BetEd from 2009 to present, you really got it from the US government.

    2) If we want to get technical, under that wording, shouldn't only the bank accounts relating to the payment processing be seized, not all accounts registered to that business in whatever jurisdiction? I cannot believe that these companies kept all of their liquid assets in one freaking bank account. They'd be utter fools.

    Thats what I said earlier in the thread - if you got a payment from Beted or BM from 2009, there is a good chance the US Govt processed your payment!

    That is mind blowing to me.

     
    DannySchayes
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    Posted: May. 27, 2011 - 8:49 PM ET #369

    I have a nice size chunk in BetJM and don't feel a bit of worry.

    We all know what we are doing and it could end at any time.  Don't use what you can't afford to lose.

    BOL all
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    I have a nice size chunk in BetJM and don't feel a bit of worry.

    We all know what we are doing and it could end at any time.  Don't use what you can't afford to lose.

    BOL all
     
    LVTruck
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    Posted: May. 27, 2011 - 9:33 PM ET #370

    Quote Originally Posted by kaponofor3:

    "Linwood allegedly processed gambling transactions since 2009 for BetEd, K23 and other gambling organizations using banks located in Guam and Charlotte, North Carolina. According to the affidavit, between December 2009 and January 2011, Linwood processed over 300,000 transactions worth more than $33 million, including transactions for individuals in Maryland. Between February 2010 and March 2011 alone, BetEd directed Linwood to wire transfer over $2.5 million of collected gambling proceeds to bank accounts in Panama; and between February 2011 and April 2011, K23 directed Linwood to wire transfer over $91,000 of gambling proceeds to bank accounts in Portugal and Malta.

     

    The indictments and affidavit seek the forfeiture of the bank accounts used to process the gambling transactions"

    1) If you got a payment from BetEd from 2009 to present, you really got it from the US government.

    2) If we want to get technical, under that wording, shouldn't only the bank accounts relating to the payment processing be seized, not all accounts registered to that business in whatever jurisdiction? I cannot believe that these companies kept all of their liquid assets in one freaking bank account. They'd be utter fools.
    33 million,, guess the Ma and Pa shop is out guess COVERS was trying ........
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    Quote Originally Posted by kaponofor3:

    "Linwood allegedly processed gambling transactions since 2009 for BetEd, K23 and other gambling organizations using banks located in Guam and Charlotte, North Carolina. According to the affidavit, between December 2009 and January 2011, Linwood processed over 300,000 transactions worth more than $33 million, including transactions for individuals in Maryland. Between February 2010 and March 2011 alone, BetEd directed Linwood to wire transfer over $2.5 million of collected gambling proceeds to bank accounts in Panama; and between February 2011 and April 2011, K23 directed Linwood to wire transfer over $91,000 of gambling proceeds to bank accounts in Portugal and Malta.

     

    The indictments and affidavit seek the forfeiture of the bank accounts used to process the gambling transactions"

    1) If you got a payment from BetEd from 2009 to present, you really got it from the US government.

    2) If we want to get technical, under that wording, shouldn't only the bank accounts relating to the payment processing be seized, not all accounts registered to that business in whatever jurisdiction? I cannot believe that these companies kept all of their liquid assets in one freaking bank account. They'd be utter fools.
    33 million,, guess the Ma and Pa shop is out guess COVERS was trying ........
     
    vanzack
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    Posted: Jul. 23, 2011 - 10:04 AM ET #371

    THE GREEK IS NO LONGER SERVICING AMERICANS, AND BETJAMAICA CLOSES.
    Support your local animal shelter. I am on twitter.
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    THE GREEK IS NO LONGER SERVICING AMERICANS, AND BETJAMAICA CLOSES.
     
    vanzack
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    Posted: Jul. 23, 2011 - 10:05 AM ET #372

    TheGreek.com is leaving the US market. However, we have arranged for your account to be transferred to the exclusive Heritage Sportsbook. Heritage Sports is a VIP - invitation only - sportsbook. Your VIP status will let you enjoy reduced juice, enhanced re-load bonuses, free weekly contests, one-of-a-kind perks, and the VIP service that Heritage Sports is legendary for. These accounts are well sought after as Heritage is not open to the general public, and only give out a limited number of invitations each year.

    The transfer of your account has been designed to be quick and easy. Follow the link below to verify your current information. Enter your username and password for TheGreek.com to automatically transfer your current balance to your new account. On top of your balance, Heritage is giving a 10% welcome free play that you can use right away!

    We thank you for your patronage, and are confident you will be in good hands at Heritage. All fund transfers are being guaranteed by The Greek, so you can be assured that you can continue to "Sweat the Game, and not the Payout."

    Regards,


    -------------------------------------------------------------------------------


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    Q: Why was Heritage chosen to transfer my account to?
    A: In today's market Heritage offers the best value and they are rock solid financially. Here are a few of the benefits received by Heritage members:


    Reduced Juice
    A progressive re-load bonus that goes as high as 30% on re-deposits
    Incredible promotions like "Get Out of Your Bet at 1/2 Time for Free", Free Birthday and Holiday Free Plays etc
    No telemarketing for deposits

    As you may or may not know Heritage is Invitation Only. Due to this transfer, there will be no further invitations going out this year from Heritage.
    Q: Will I have a roll over requirement on my balance that you have transferred?
    A: Absolutely not. Not only will there be no roll over requirement, you will receive a 10% Free Play on your existing balance as a welcome gift from Heritage (maximum $100).
    Q: What if I already have an account at Heritage?
    A: Your balance will be transferred and you will still receive your 10% Free Play.
    Q: What if I do not want an account at Heritage? What if I want all my money now?
    A: You will promptly receive 100% of your funds. This is personally guaranteed by The Greek. However you will not receive the 10% free play and you will lose the option to have an invitation from Heritage.

    Support your local animal shelter. I am on twitter.
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    TheGreek.com is leaving the US market. However, we have arranged for your account to be transferred to the exclusive Heritage Sportsbook. Heritage Sports is a VIP - invitation only - sportsbook. Your VIP status will let you enjoy reduced juice, enhanced re-load bonuses, free weekly contests, one-of-a-kind perks, and the VIP service that Heritage Sports is legendary for. These accounts are well sought after as Heritage is not open to the general public, and only give out a limited number of invitations each year.

    The transfer of your account has been designed to be quick and easy. Follow the link below to verify your current information. Enter your username and password for TheGreek.com to automatically transfer your current balance to your new account. On top of your balance, Heritage is giving a 10% welcome free play that you can use right away!

    We thank you for your patronage, and are confident you will be in good hands at Heritage. All fund transfers are being guaranteed by The Greek, so you can be assured that you can continue to "Sweat the Game, and not the Payout."

    Regards,


    -------------------------------------------------------------------------------


    FAQ

    Q: Why was Heritage chosen to transfer my account to?
    A: In today's market Heritage offers the best value and they are rock solid financially. Here are a few of the benefits received by Heritage members:


    Reduced Juice
    A progressive re-load bonus that goes as high as 30% on re-deposits
    Incredible promotions like "Get Out of Your Bet at 1/2 Time for Free", Free Birthday and Holiday Free Plays etc
    No telemarketing for deposits

    As you may or may not know Heritage is Invitation Only. Due to this transfer, there will be no further invitations going out this year from Heritage.
    Q: Will I have a roll over requirement on my balance that you have transferred?
    A: Absolutely not. Not only will there be no roll over requirement, you will receive a 10% Free Play on your existing balance as a welcome gift from Heritage (maximum $100).
    Q: What if I already have an account at Heritage?
    A: Your balance will be transferred and you will still receive your 10% Free Play.
    Q: What if I do not want an account at Heritage? What if I want all my money now?
    A: You will promptly receive 100% of your funds. This is personally guaranteed by The Greek. However you will not receive the 10% free play and you will lose the option to have an invitation from Heritage.

     
    vanzack
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    Posted: Jul. 23, 2011 - 10:07 AM ET #373

    I started this thread on April 15th.

    Since then, countless books have closed, and there is really only one real holdout - Bookmaker.

    It is unreal.

    For those who said I was overreacting, or playing chicken little - look back on this thread.  There is nothing left for Americans. 

    The end of online gambling isnt near, the end of online gambling is HERE.

    Support your local animal shelter. I am on twitter.
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    I started this thread on April 15th.

    Since then, countless books have closed, and there is really only one real holdout - Bookmaker.

    It is unreal.

    For those who said I was overreacting, or playing chicken little - look back on this thread.  There is nothing left for Americans. 

    The end of online gambling isnt near, the end of online gambling is HERE.

     
    vanzack
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    Posted: Jul. 23, 2011 - 10:16 AM ET #374

    I forgot about 5Dimes too.

    If you are betting at 5Dimes or Bookmaker - how could you feel safe?

    How long until those fall in to line, or are shut down by the USDOJ?

    Support your local animal shelter. I am on twitter.
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    I forgot about 5Dimes too.

    If you are betting at 5Dimes or Bookmaker - how could you feel safe?

    How long until those fall in to line, or are shut down by the USDOJ?

     
     
    vanzack
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    Posted: Jul. 23, 2011 - 10:19 AM ET #375

    Oh - and if you come back and say "well my book, www.bwtXXXXX.com is still open" - how long do you think those C and D books will be open when all of the A books are closing thier doors?

    Im sure there are a handful of Betus, or Betthem, or Betsquares out there - but it wont be long.

    Support your local animal shelter. I am on twitter.
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    Oh - and if you come back and say "well my book, www.bwtXXXXX.com is still open" - how long do you think those C and D books will be open when all of the A books are closing thier doors?

    Im sure there are a handful of Betus, or Betthem, or Betsquares out there - but it wont be long.

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