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Full tilt Poker, Poker Stars owner Stealing MILLIONS in Online Ponzi scheme

Discussion in 'BlackHat Lounge' started by ExecutiveCloser, Sep 21, 2011.

  1. ExecutiveCloser

    ExecutiveCloser Regular Member

    Jul 20, 2011
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    CEO of *********
    East Coast
    Full Tilt Poker, an online poker company that illegally paid its board members over $440 million from its player accounts, was "a global Ponzi scheme," said federal prosecutors Tuesday.
    The U.S. Attorney in Manhattan, Preet Bharara, filed a revised civil lawsuit in New York on Tuesday against Full Tilt, PokerStars, Absolute Poker and other businesses that continued to operate in the U.S. even after the 2006 ban of payment processing to offshore gambling websites.

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