Quote:
Originally Posted by TheDoc
As the article says.... "PokerStars, Full Tilt and Absolute used fraudulent means to work around the ban to continue operating in the U.S., and “trick” banks into processing payments on their behalf."
"The indictment names two principals from each company and others who allegedly worked with them to illegally process payments."
Money laundering is the practice of disguising the origins of illegally-obtained money.
Looks spot on to me....
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All the money laundering charge really pertains to is USA citizens depositing on the site. Because it was illegal for stars and ftp to take funds from US customers they constantly had to setup new payment processor to take in the money. This is why in some cases your credit card/ach deposit (echeck) would be charged for by a clothing store in Singapore or some other type of business that had nothing to do with poker. It was a constant and game of processor being seized and new one popping up to take their place.