U.S. Indicts Founders of 3 Largest Internet Poker Companies

On April 15, 2011, the grand jury indictment charging 11 defendants, including the founders of the three largest Internet poker companies doing business in the United States - PokerStars, Full Tilt Poker, and Absolute Poker - with bank fraud, money laundering, and illegal gambling offenses. In addition, the U.S. brought a civil money laundering and in rem forfeiture complaint against the Poker Companies, their assets, and the assets of several payment processors for the Poker Companies. The U.S. government obtained restraining orders against more than 75 bank accounts utilized by the Poker Companies and their payment processors, and five Internet domain names used by the Poker Companies to host their allegedly illegal poker games were seized...(more)...