I. Believe the fraud comes in as processing and disguising poker deposits as retail purchases.
Sent from my U.S. Cellular® Android phone
bjaygold@aol.com wrote:
>According to the indictment, some of the laundered money was used "for the
>purchase of items such as jewelry and golf balls..."
>
>Golf balls?
>
>So they followed this guy into a Walmart, with his pocketful of laundered
>money. First stop, the jewelry section, were he plops down a couple grand
>for a diamond ring and earrings and a bracelet for his wife. Next stop,
>sporting goods, because he has an 8 AM tee time the next morning, where he
>springs for a dozen Titleist Pro V1s. Good thing he headed out without stopping
>in the produce section, or the indictment might have said, "for the
>purchase of items such as jewelry, golf balls, and eggplant!"
>
>Honestly, if I were writing the indictment, I would probably not have
>mentioned the golf balls. Unless the guy owns a driving range, and bought
>10,000 cases!
>
>Brian
>
>=======================================
>
>
>In a message dated 4/16/2011 7:29:08 A.M. Pacific Daylight Time,
>mickeycrimm@yahoo.com writes:
>
>
>No big poker names have been charged with anything. This has to do with
>fraud and money laundering, not whether online poker is legal. Remember,
>UIGEA made it illegal for banks to process money transactions with offshore
>gambling sites.
>
>According to the article in the link, a banker in St. George, Utah was
>bought off to process money transactions. Last night I had no problem
>accessing my account on Poker Stars, or getting into a game if I wanted too. But
>it appears, at least on Poker Stars, that American online players are scared
>to death. I went thru the lineups of about 40 games and counted only 5
>Americans playing. Business in definitely down on Poker Stars.
>
>http://news.yahoo.com/s/zd/20110415/tc_zd/263238
>
>
>
>
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