'Black Friday' and associated fallout megathread

[Pascal-lf]

I heard there were different, more legitimate payment processors for the UK, so that's not an issue. The player's money should be ringfenced away from the rest of the business's accounts where they can't touch it

 

[brank]

fwiw: all the people saying "lol america" etc., a lot of my canadian friends have not been able to withdraw their funds via any method (including moneybookers, which generally works instantly, as well as check, bank wire etc), and online poker is legal and tax-free in canada


i don't think anyone's $ is completely safe at this point

Shit, I was wondering about that. If the big 3 have a lot of their assets seized and theres a mad panic to withdraw from a ton of players they will not have all the money the need lying around to accommodate all those transactions.

I do hope that the dust will clear though and that money will be able to flow after a while.

 

[jbbb]

Most users ever online was 15,471, Today at 04:59 PM.

2+2 is getting raped. Understandable too, this is massive news.

 

[RamdeeBen]

I heard there were different, more legitimate payment processors for the UK, so that's not an issue. The player's money should be ringfenced away from the rest of the business's accounts where they can't touch it

This is true, for a company going bankrupt. I'm not sure the same applies when they have been charged for fraud and money laundering etc as they will have to investigate everything. It could and most likely will take months purely because all transfers will have gone through all their different processing payments and shipped from one end of the world to another.

It will be in a right mess and in my opinion the whole assets of pokerstars/FT etc are going to be frozen from every single processing method they have in place. I guess we will see though.

 

[xdeucesx]

Can we get a mod to maybe post OMC's cliffs in my Original Post?

might help clear up the confusion of 6 pages of comments

 

[seanDCFC]

lol.

Why you acting like they can't touch us? You're right they can't touch us the FBI. They have no reason too.

The thing is, if a COMPANY has been dabbling in illegal transfers and money laundering then it doesn't matter where it's located. The directors are U.S Citizens(I think?), so they answer the the US government. If the FBI seizes and stops processing of all bank accounts on PS it really doesn't matter we are British as every bit of money on PS is processed the same way so every last cent that's been processed VIA PS including ALL deposits will be classed as fraudulent activity on PS part, therefore they have the right to confiscate ALL funds or least hold them for now pending investigation.

The US government can make pritty much make anything happen even in other countries so I wouldn't really get to confident. Just sit back and relax but don't be surprised if you cant withdraw money considering they have already locked all payment processes from PS, I'm guessing withdrawals anywhere aren't going to happen.

No, they cannot take my money.

 

[arahel_jazz]

Yup. PS blocked.
Still playing on Full Tilt - was able to register for a real money SnG.
EDIT: That was until I logged off of FullTilt and tried to re-launch. The FullTilt.com webpage comes up with an FBI logo.

Turn out the lights... the party's over in the U.S. We've been screwed.
Oh well... time to go mow the lawn.

 

[Debi]

fml

Was having a great day and then came home to this mass destruction - and I have loads of money online

Going to the UK in 2 weeks - might have to move there long enough to withdraw my funds into Joe's bank account in ireland.

 

[xdeucesx]

http://twitter.com/#!/Tom_Dwan


Dwan's been tweeting about it alot, some good stuff from him on there

 

[isaac]

only the .com domains are seized, .ca for me in canada and .net are still fine, they are international and untouchable by US atm

 

[Dorkus Malorkus]

Can we get a mod to maybe post OMC's cliffs in my Original Post?

might help clear up the confusion of 6 pages of comments

on it.

e: done

 

[RamdeeBen]

No, they cannot take my money.

Well, I don't mean to sound rude but you do realise as soon as you make a deposit to PS then this is "their" money until you withdraw it to a degree. They work like a bank, they use their/your money for other stuff, even if you see your bankroll as the same - it's actually being fluttered back and forwards through many of their recently noted fraudulent processors.

I'm not saying you won't get the money, all I'm saying is I'd be surprised if they FBI hasn't frozen their withdrawal processing accounts too until investigations have been done. I'd imagine there will be a TON of people trying to withdraw at this minute but I can't imagine them going through.

 

[pokerchris]

Tax day sieze online poker sites

If you pay me it will be legal but if you don't pay me it will be illegal---What a bunch of corrupted cowards. They let the Mexican drug traffickers go free but put the border patrol who shot the drug traffickers in prison. Now they cooked up the law to arrest someone just because they are not get paid.

 

[RamdeeBen]

only the .com domains are seized, .ca for me in Canada and .net are still fine, they are international and untouchable by US atm

Yeah, but the most important things are frozen. Bank accounts with peoples money lol.

 

[Monoxide]

only the .com domains are seized, .ca for me in Canada and .net are still fine, they are international and untouchable by US atm

Really? These .com are blocked for you?

I tried going to fulltiltpoker.com, stars, ub etc they all work as .com

 

[slimez]

Hmmm. I have a sizeable BR on a Merge site, I know they're not yet implicated but I'd prefer to act now rather than regret it later. Their 24/7 chat is understandably offline right now. I have withdrawal options and could get a check, but I'd be worried that if they even got it out (realizing they're probably swamped with w/d requests) there's no guarantee it would clear if their processer gets caught up in all this.

I have a UseMyWallet account that I setup at FT awhile ago but never used. Hated their fees. But I can w/d "instantly" to it from Merge, and since it's an overseas processor (AFAIK) I'm thinking my funds will be safer there than sitting in a poker site. The one rub is that when I went to start the withdrawal, I got a warning that in-progress bonuses will be lost. I'm still clearing a 200% deposit bonus and although it's not a substantial amount compared to the whole BR, I questioned whether I might be jumping the gun a bit. Thoughts?

I would say forget the bonus. Sure money is always better than possible money in my opinion.

 

[Ranny]

Anyone outside US will be ok. The sites will take hit but will just carry on with the rest of world.

Feel sorry for the US players though.

 

[RamdeeBen]

I always thought Phil Ivey had some sort of ownership in Full tilt, I'm upset to see he's not been charged

Joking of course.

 

[Rogg05]

DOES THIS MEAN MONEY THAT HAS NOT COME OUT OF US BANK ACCOUNTS WONT BE TAKEN OUT NOW FROM THESE FONY PROCESSORS? SHOULD WE SHUT DOWN BANK ACCOUNTS ATTACHED TO IT?

 

[dmorris68]

I always thought Phil Ivey had some sort of ownership in Full tilt, I'm upset to see he's not been charged

Joking of course.

I expect that's a testament to Lederer's business acumen in setting up FT, since he's been incarcerated before for illegal gambling operations. None of the well-known FT "founders" i.e. players are listed, although I believe the NY AG's office last year listed them in some other indictment or civil claim.

 

[Monoxide]

no dont do that rogg

 

[slimez]

So my question now is, where should I play if Im a US player if anywhere? Thoughts?

 

[vanquish]

So my question now is, where should I play if Im a US player if anywhere? Thoughts?

just wait and see what happens

 

[Charade You Are]

So sick. Guess this explains a lot. Even the problems with getting ftp w/d's. I love the last line.

http://www.businessinsider.com/boy-genius-online-poker-scandal-2011-4

 

[TylerN]

WTF is wrong with online gambling. Seriously. If the gov actually knew the thought process or saw some HA there's no way poker would even be considered "gambling". Its just sad me being from the US and seeing this take place

/rant