WaterMan Posted September 20, 2011 Share Posted September 20, 2011 http://money.cnn.com/2011/09/20/news/compa...x.htm?hpt=hp_c1 Quote Link to comment Share on other sites More sharing options...
CowboysDiehard Posted September 21, 2011 Share Posted September 21, 2011 Damn! I better pull my $60mil out of there stat...now what did I do with the credit card I used for the deposit? Quote Link to comment Share on other sites More sharing options...
Puddy Posted September 21, 2011 Share Posted September 21, 2011 (edited) Wow....seems like Lederer and Jesus may be in some serious trouble. Looks like they are both members of the board and collected many millions. Edited September 21, 2011 by Puddy Quote Link to comment Share on other sites More sharing options...
i_am_the_swammi Posted September 21, 2011 Share Posted September 21, 2011 Question now is whether the sites were rigged to create scenarios where players won and lost at intervals to enhance the rakes/profits of the sites. If so, there could be a class action lawsuit filed by non-US players (since Americans can't gamble ) FYI...PokerStars also shut down...looks like our Huddle homegames are done Quote Link to comment Share on other sites More sharing options...
SheikYerbuti Posted September 21, 2011 Share Posted September 21, 2011 Question now is whether the sites were rigged to create scenarios where players won and lost at intervals to enhance the rakes/profits of the sites. For over 10 years, running a poker site without rigging the hands was, for all purposes, a license to print money. If only Howard, Chirs and company had kept player funds in segregated bank accounts like Stars did, they'd still be filthy rich, except not in the jam they're in now. They deserve to have the DOJ fall on them like a ton of bricks, since they did it all wrong out of either greed or stupidity or some combination of the two. Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted September 21, 2011 Share Posted September 21, 2011 Question now is whether the sites were rigged to create scenarios where players won and lost at intervals to enhance the rakes/profits of the sites. If so, there could be a class action lawsuit filed by non-US players (since Americans can't gamble ) FYI...PokerStars also shut down...looks like our Huddle homegames are done Will the next article be about WCOFF? Quote Link to comment Share on other sites More sharing options...
bpwallace49 Posted September 21, 2011 Share Posted September 21, 2011 I just logged into pokerstars . . site works fine, and our private group is still set up . . .soooooooo . . . . . Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted September 21, 2011 Share Posted September 21, 2011 I just logged into pokerstars . . site works fine, and our private group is still set up . . .soooooooo . . . . . I've notified the feds. Quote Link to comment Share on other sites More sharing options...
i_am_the_swammi Posted September 21, 2011 Share Posted September 21, 2011 I just logged into pokerstars . . site works fine, and our private group is still set up . . .soooooooo . . . . . The downloaded software works fine, but here is their website Quote Link to comment Share on other sites More sharing options...
bpwallace49 Posted September 21, 2011 Share Posted September 21, 2011 The downloaded software works fine, but here is their website So thankfully our private "play money" group is still operational. Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted September 21, 2011 Share Posted September 21, 2011 everyone I new playing on that site pulled their money months ago. Quote Link to comment Share on other sites More sharing options...
Big Country Posted September 21, 2011 Share Posted September 21, 2011 everyone I new playing on that site pulled their money months ago. Which site, and was it before the first hammer fell in April? If Stars, they got their money because Stars made everyone in the US take their money back. As Sheikh noted, they properly kept segregated accounts for player deposits. Everyone got their money back. If FTP, then they either pulled out before the Black Friday in April when the majors got shutdown in the US, if it was after, they didn't get their money as FTP has not paid their players back. Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted September 21, 2011 Share Posted September 21, 2011 Which site, and was it before the first hammer fell in April? If Stars, they got their money because Stars made everyone in the US take their money back. As Sheikh noted, they properly kept segregated accounts for player deposits. Everyone got their money back. If FTP, then they either pulled out before the Black Friday in April when the majors got shutdown in the US, if it was after, they didn't get their money as FTP has not paid their players back. it was before black friday and yup they got thier money from stars when they had everyone bail. Quote Link to comment Share on other sites More sharing options...
Big Country Posted September 21, 2011 Share Posted September 21, 2011 What's funny in all of this is that online poker is probably one of the only industries where the major players (Stars, etc.) where asking to be regulated by the US government and to pay taxes, etc., and the government refused. Quote Link to comment Share on other sites More sharing options...
Yukon Cornelius Posted September 21, 2011 Share Posted September 21, 2011 What's funny in all of this is that online poker is probably one of the only industries where the major players (Stars, etc.) where asking to be regulated by the US government and to pay taxes, etc., and the government refused. yup still dont get who or what is behind this but you know there is some big money .... Quote Link to comment Share on other sites More sharing options...
matt770 Posted September 22, 2011 Share Posted September 22, 2011 Whew...just checked Party Poker -- my $54K in play money is still there. Quote Link to comment Share on other sites More sharing options...
Big Country Posted September 22, 2011 Share Posted September 22, 2011 Whew...just checked Party Poker -- my $54K in play money is still there. That is above the threshold for Obama to tax you on it. Quote Link to comment Share on other sites More sharing options...
matt770 Posted September 22, 2011 Share Posted September 22, 2011 That is above the threshold for Obama to tax you on it. I'll play him heads-up for it. Quote Link to comment Share on other sites More sharing options...
Zooty Posted September 25, 2011 Share Posted September 25, 2011 yup still dont get who or what is behind this but you know there is some big money .... Las Vegas, state run casinos, the major casino owners and the state lottery yup BIG money keeping it shut down Quote Link to comment Share on other sites More sharing options...
Sunday Couch Potatoe Posted September 26, 2011 Share Posted September 26, 2011 So thankfully our private "play money" group is still operational. Ya Buddy Now Shuffle Up and Deal! Quote Link to comment Share on other sites More sharing options...
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