Sunday, April 17, 2011

US Government Closed Down 3 of the Biggest Gambling Site on the Net


Gambling online just got significantly less convenient Friday when the U.S. Government shut down the three largest Internet gambling sites operating in the United States. Now it’s time for a precedent-setting showdown, where courts will deterPublish Postmine if this kind of gambling is legal or not.

Federal prosecutors accused the three founders of the gambling sites and eight others with illegal gambling, bank fraud and money laundering, according to the Financial Times [paywall].

A $3 billion civil suit was file by the United States government was made to recover the profits from its operations, says the Financial Times. Gambling sites Absolute Poker, Poker Stars, and Full Tilt Poker allegedly disguised billions of dollars of gambling payments as online store purchases of items such as golf balls, jewelry and flowers, says the Wall Street Journal.

If you’re in the U.S., when you point your browser to any of those three gambling sites, you see a scary thing: The U.S. government has seized the domain names of the three sites, preventing gambling transactions and anything else:

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