The latest episode includes the upcoming Super High Roller Bowl 2017 which is going to be streamed on both Poker Central and NBC Sports.
And the long awaited news that affects players from Absolute Poker and Ultimatebet who have been waiting six years for their bankroll refunds following Black Friday. How to claim your funds before the deadline date 9th June, 2017.
Kara Scott also interviews Maurice Hawkins who was awarded the breakout performance of the Year at the American Poker Awards.
It’s been a strange year for poker especially online poker with the industry turned upside down on Black Friday. Online poker traffic has decrease by 31% as a result of an unstable US market.
Not all online poker rooms suffered a loss in traffic, CarbonPoker and Merge Gaming Network experienced an increase of traffic up to 76%.
Notable Poker players for 2011 include: Erik Seidel new leader on the poker all time money list, Phil Hellmuth, Ben Lamb (Player of the Year) and Pius Heinz (2011 World Series Of Poker Main Event Champion)
Read more for the top poker articles and major event winners of Poker 2011.
Victory Poker are yet another victim of Black Friday, VictoryPoker stopped serving the US market, although the decision was made by Fleyshman despite the fact the Cake Poker Network continues to allow USA Poker players to play poker online.
Victory Poker was a new emerging online poker room which showed great potential within the first year of it’s conception, with a long list of poker pros endorsing the brand which included Antonio Esfandiari, Andrew Robl and Sara Underwood.
UB/AP have now reached an agreement with the US government in which the US Attorney’s Office has agreed to provide all necessary assurances that third parties may work with Absolute Poker to facilitate the return of funds, currently held by third party processors, to players located in the US. However many in the know are somewhat skeptical that UB/AP have enough funds to make the payments to all their US based players.
US Attorney Preet Bharara confirmed that an agreement had been struck between the US government and Absolute Poker “Absolute Poker of Costa Rica agreed to return funds owed to U.S. customers and prohibit deposits of American players.”
Absolute Poker has not requested the return of their seized domain names in www.absolutepoker.com, www.ultimatebet.com or www.ub.com. Both Pokerstars and FullTilt Poker were returned their .com domain names as part of the deal with the US DOJ.
After nearly a month since the US poker ban known as “Black Friday”, FullTilt Poker and UB/Absolute Poker are in the same position since the USA poker room closures in that neither of them offer their gaming services to the US market and both sites have failed to repay their US players their outstanding balances to date.
PokerStars on the other hand seem to be rapidly gaining trust amongst non-US players as they have overcome the payment hurdle, the main reason they could do so is because the player funds are held separately from the main PokerStars account which is enforced by their licensing agreement with the Isle of Man as such PokerStars have already begun paying back the owed money to their former US players.
Latest news about Full Tilt Closed Worldwide.
Friday was a dark day for online internet poker in the USA which saw the likes of PokerStars and Full Tilt Poker closing their doors to USA poker players as online poker’s big three PokerStars, Full Tilt Poker, and Absolute Poker were indicted on charges of bank fraud, money laundering, and illegal gambling in the US with restraining orders issued against over 75 bank accounts used by the popular online poker sites and their payment processors, plus five Internet domain names.
The U.S. Department of Justice named 11 defendants in a press release: Isai Scheinberg, Raymond Bitar, Scott Tom, Nelson Burtnick, Paul Tate, Brent Beckley, Ryan Lang, Bradley Franzen, Ira Rubin, Chad Elie, and John Campos. Scheinberg and Tate are identified in the indictment as representing PokerStars, Bitar and Burtnick of representing Full Tilt Poker and Tom and Beckley of representing Absolute Poker. Lang, Rubin, Franzen and Elie are identified as people who ran payment processors in the USA. The 11 defendants listed above are each being charged with four counts – violation of the Unlawful Internet Gambling Enforcement Act, operation of an illegal gambling business, conspiracy to commit bank and wire fraud and money laundering conspiracy. These charges can carry hefty penalties. The maximum penalty for violation of the UIGEA and operating a gambling business is 5 years in prison and a fine of $250,000 or twice the gross gain or loss for each charge, for conspiracy to commit wire fraud is 30 years in prison and a fine of $1 million or twice the gross gain or loss, and for money laundering conspiracy is 20 years in prison and a fine of $500,000 or twice the amount laundered
The charges the three top rooms are facing are based on the Illegal Gambling Business Act of 1955 and the Unlawful Internet Gambling Enforcement Act of 2006.
Preet Bharara a Manhattan U.S. Attorney press release said, “As charged, these defendants concocted an elaborate criminal fraud scheme, alternately tricking some U.S. banks and effectively bribing others to assure the continued flow of billions in illegal gambling profits. Moreover, as we allege, in their zeal to circumvent the gambling laws, the defendants also engaged in massive money laundering and bank fraud. Foreign firms that choose to operate in the United States are not free to flout the laws they don’t like simply because they can’t bear to be parted from their profits.”
FBI Assistant Director-in-Charge Janice K. Fedarcyk said, “These defendants, knowing full well that their business with U.S. customers and U.S. banks was illegal, tried to stack the deck. They lied to banks about the true nature of their business. Then, some of the defendants found banks willing to flout the law for a fee. The defendants bet the house that they could continue their scheme, and they lost.”
At least $3 billion in civil money-laundering penalties from both the poker companies and defendants is being sought. According to the indictment, Campos and Elie were arrested Friday morning in Utah and Las Vegas, Nevada, respectively. Franzen is expected to appear in court for his arraignment on April 19, 2011. Those who are not in the U.S. — Scheinberg, Bitar, Burtnick, Tate, Tom, Beckley, Rubin, and Lang — have not been arrested, but the U.S. Attorney’s Office in the Southern District of New York is working with foreign law enforcement agencies and Interpol to arrest the defendants.
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