Full Tilt Poker Shut Down by FBI Following Online Gambling Probe | Young Academic World News

Remarkable news transpired today regarding Full Tilt Poker, Pokerstars and Absolute Poker. Many students out there who are prone to the odd ‘cardy’ will have no doubt come across one of these sites following an intensive advertising campaign and huge web presence. As Young Academic has learnt, the FBI has seized the domains and the founders of the gambling sites could face up to 20 years imprisonment.

Players attempting to access the sites are now greeted with a notice from the United States authorities which confirms their suspension.

“Full Tilt’s Chief Executive Raymond Bitar stated that he is ‘surprised and dissapointed’ by the FBI’s actions”

 

The action was taken on Friday following an investigation that revealed that two of the aforementioned sites were registered in the United Kingdom. Online gambling is highly illegal in the United States of America and as such, the people found accountable will face charges of money laundering and bank fraud.

The Wall Street Journal has since revealed that the government has seized accounts held by the poker brands mentioned as they stored money held by online poker players. Investigators claim that the sites tricked banks into ‘massive money laundering’ and ‘concocted an elaborate criminal fraud’.

European users have acted quickly to withdraw funds from their online poker accounts and British based sites are now expected to experience rises in traffic.

Full Tilt’s Chief Executive Raymond Bitar stated that he is ‘surprised and dissapointed’ by the FBI’s actions whereas the other two sites in question are yet to comment.

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Report by Charles Whitworth

Charles Whitworth is the Editor of the Young Academic publications.

Graduating from the University of Liverpool with a Bachelor of Arts degree in Journalism in 2008, Charles learned his trade in newsrooms such as IPC Media and Sky.

He has now developed as a top sports, music and current affairs journalist and has been printed in a range of publications including The Guardian. His interests include Cricket, Football, Rugby, Music and Current Affairs.

  • Young Academic
    April 18, 2011 at 3:49 pm

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