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MINTON: Obama axes the right to play Internet poker
The Washington Times ^ | April 23, 2011 | Michelle Minton

Posted on 04/23/2011 4:28:07 PM PDT by Tolerance Sucks Rocks

Last week, while many people reported their income to the Internal Revenue Service, others suddenly found their source of income shut off. On a day now known among online poker players as “Black Friday,” the Department of Justice did us Americans the favor of saving us from ourselves by shutting down the three most popular and trusted online poker platforms.

Not only did the department seize the three domain names, it also froze 77 accounts around the world and charged the founders of PokerStars, Full Tilt Poker and Absolute Poker, among others. What’s there crime? While the charges very carefully center on bank fraud, the heart of the department’s clampdown on Internet gambling stems from the Unlawful Internet Gambling Enforcement Act (UIGEA). Passed during a midnight vote in 2006, the UIGEA doesn’t actually prohibit online gambling but rather bans credit-processing companies from processing payments from “unlawful” online gambling activities. However, the bill never clarifies what it means by “unlawful” activities.

After the law’s passage, several online poker companies continued to operate in the United States, and Justice has turned the prosecution of those entities into a very lucrative endeavor. United Kingdom-based SportingBet, an online betting platform, signed a non-prosecution agreement with the U.S. government last year in return for a payment of $33 million, and in 2008, the co-founder of paid authorities $300 million in a settlement. In last week’s indictment, Justice announced that it was seeking a total of $3 billion from the poker companies. Compare this with the $105 million fine that Wachovia, which was found to be laundering billions of dollars in drug money, paid to the U.S. government, and one must wonder what kind of metric Justice uses when deciding which injustices to pursue.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Culture/Society; Editorial; Government; News/Current Events
KEYWORDS: doj; onlinegambling; onlinepoker; shutdown
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To: rokkitapps

...but not the blackjack...

21 posted on 04/23/2011 6:12:27 PM PDT by bigheadfred (Beat me, Bite me...Make Me Write Bad Checks)
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To: Tolerance Sucks Rocks

I guess they weren’t paying their fair share of taxes.

22 posted on 04/23/2011 6:29:22 PM PDT by Brilliant
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To: Tolerance Sucks Rocks; All

But remember folks, it’s that dastardly “Religious Right” that wants to control what you do with your life...


23 posted on 04/23/2011 6:54:41 PM PDT by Titus Quinctius Cincinnatus (What if God doesn't WANT the Gospel rescued from fundamentalism?)
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To: Graneros
I’ll tell ya the current regime makes “the mob” look like choir boys.

Leave the gun. Take the Cannoli.

24 posted on 04/24/2011 4:32:54 AM PDT by Condor51 (The difference between stupidity and genius is that genius has its limits [A.Einstein])
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To: ctdonath2

As I recall, the Republicans passed this bill.

25 posted on 04/24/2011 6:00:45 AM PDT by scrabblehack
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To: Condor51

“Leave the gun. Take the Cannoli.”

LOL. Another great line from a great movie. But I think for this crew it would be: Hey don’t leave that gun, the cops are having a buy back. Take the watermelon.

26 posted on 04/24/2011 9:52:02 AM PDT by Graneros ("The difference between genius and stupidity is; genius has its limits." — Albert Einstein)
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