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Dept Of Justice Indictments


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Yo dougs, start cashing out on stars, the check cash-out and direct bank transfers are now available.
Cashout has been requested... now we will wait and see.Thanks donk.
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I went direct bank transfer, hope i didn't donk it.Hopefully this puts some more pressure on FTP to get it together and pay people quickly. More amazing work by Stars, man I am going to miss them. :club:

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Actually live poker rooms in the US only have to report winnings over $5K where as slots and table games are $1200 but still I think declaring our winnings if over $1200 is a best idea.

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http://www.huffingtonpost.com/kate-moulene...e_b_854134.htmlAmericans are facing some serious challenges. Our national debt is $14,275,534,380,225.86 and growing. If you are not good at math, that figure is in the trillions. Unemployment is at 9.6 percent. Foreclosures caused 2.8 million Americans to lose their homes due to the banking debacle and is raising at 112 percent in 2010. Even more, Americans do not want additional taxes. And if you think the present situation can't get grimmer think for a moment about the future.The mathematical literacy score of American youth is smack at the bottom of measured industrial nations. From Singapore to India to Iceland, other kids are academically destroying us. At least our youth measured slightly ahead of those in South Africa and Cyprus. Well, that is not exactly true; in "Advanced Math" the kids from Cyprus did better. So, where do we go from here?HELLO POKER!How exactly is it that a card game might actually help these challenges?1. Poker is a multi-billion dollar industry whose profits are not taxed in America.2. Poker has the potential, and the desire, to support philanthropic programs.3. The knowledge needed to play poker could substantially help fill the black hole in our children's math education.Tens of millions of Americans play poker. Many of them online. Presently, our government is not taxing either the businesses or the players. Do the math. If you thought "Wow, is that stupid" after you hit those calculations, you are probably brainy enough to be a good poker player. In fact, Joint Committee on Taxation found that regulating internet gaming would generate nearly $42 billion over the next 10 years.Why has poker not yet been legislated? Some individuals have outspokenly objected to the idea of supporting online "gambling". The issue of gambling in America was conceded years ago when lottery tickets became available at every corner gas station. If you are playing the lottery, your odds of winning are about as good as a 65-year-old grandmother becoming the next Miss America. Additionally, multiple brick and mortar casinos across our county already offer live poker play. Saying it's okay to play poker in a casino but not at home is like saying you can go have a drink at a bar but it's illegal to have a glass of wine at your dinner table.So, what is the status of poker? On April 15, 2011 (appropriately tax day) Federal authorities unsealed an indictment against the founders of online poker's three largest and most popular sites. In its rash poker raid the FBI also decided to leave several online sites untouched and operating. See Link for the rest
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everytime i read an article like that it just seems more and more absurd that we cant play online poker

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we should not be using this event as a call for taxing, legislation, and control of online poker. if anything, it shows the ridiculousness of a bunch of rich old white men being able to run our private lives from afar. something should not be legal on the grounds that it makes these ruling elites more money to fuel their power addictions.i encourage all of you to NOT report any of your poker income. it legitimizes their tactics. have some self respect.

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we should not be using this event as a call for taxing, legislation, and control of online poker. if anything, it shows the ridiculousness of a bunch of rich old white men being able to run our private lives from afar. something should not be legal on the grounds that it makes these ruling elites more money to fuel their power addictions.i encourage all of you to NOT report any of your poker income. it legitimizes their tactics. have some self respect.
I have a better idea. How about you, me , and all of the other intelligent, creative and productive people, the ones that have made this country great, all go on strike and move to an secluded valley in colorado, and see how long it takes these parasitic thieves to come crawling back to us and beg us to run the country again.
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Our national debt is $14,275,534,380,225.86 and growing.Joint Committee on Taxation found that regulating internet gaming would generate nearly $42 billion over the next 10 years.Do the math.
0.3% over 10 years not factoring in the "and growing" part.Problem solved I'd say.
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I have a better idea. How about you, me , and all of the other intelligent, creative and productive people, the ones that have made this country great, all go on strike and move to an secluded valley in colorado, and see how long it takes these parasitic thieves to come crawling back to us and beg us to run the country again.
I ain't moving to Colorado
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Cashout hit the bank account. I love Stars so much and will miss them. Hopefully the organization will be able to still participate in the US after legalization and dust settles.

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http://www.latimes.com/business/la-fi-hilt...,1228884.columnBy Michael HiltzikApril 29, 2011, 8:25 p.m.By its nature, gambling is an uncertain proposition for the player. But here's a bet you can't lose: If a U.S. gambling regulation is on the table, put your money on the side that says it will be confused, hypocritical and costly.Case in point: "Black Friday."On April 15, federal prosecutors threw the book at three major online poker websites and their principals, unsealing a 52-page indictment charging 11 defendants with bank fraud, money laundering and operating illegal gambling businesses.The websites — Full Tilt Poker, PokerStars and Absolute Poker — are all based overseas. The indictment declares that to get around federal laws that prohibit U.S. banks from helping to move money for illegal games, the defendants cooked up schemes to make billions of dollars flowing through the banking system between the websites and American players look as if the money was for other purposes.In a single draw of the cards, the indictment encapsulates those three characteristics of U.S. gambling regulation: Confusion, hypocrisy and costliness.Let's look at each:Confusion: It's not illegal for Americans to play poker, even for real money. Whether it's illegal to play poker online for money is murky — if the law were clear, the Justice Department could have indicted 10 million players or more. (No one's quite sure of the size of the for-money poker market in the U.S.)Hypocrisy: Gambling is legal in every state but two, Hawaii and Utah, and I'd wager that poker rooms are an integral feature of casinos in most of them.Costliness: Leaving aside the prosecutorial man-hours expended in unraveling the international banking fabric to back up the indictments, the potential federal take from taxing a legalized online poker business runs into the billions.Far from quelling interest in online poker, the Black Friday indictments have whetted the appetite for California to step into the lead in legalizing the business. California may be one of a very few states hosting a critical mass of players. Californians accounted for as much as 15% of the U.S.-based business for the poker sites shut down this month, estimates Howard Dickstein, a Sacramento gaming attorney who represents several Indian tribes hankering for a piece of the action.It has been estimated that legalizing online poker for play within California could generate tax revenue for the state of $100 million a year. This figure comes from state Sen. Louis Correa (D-Santa Ana), who's pushing a bill to do just that.see link for rest of the article
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