As one industry insider put it, “Today is D-day.”
Federal authorities unsealed an indictment Friday against the founders of the three largest internet poker companies operating in the U.S. The indictment charges eleven defendants, including the founders of PokerStars, Full Tilt Poker, and Absolute Poker, with bank fraud, money laundering, and illegal gambling offenses, according to Federal authorities in New York. Restraining orders were issued against more than 75 bank accounts used by the poker companies and their payment processors, while five Internet domain names used by the companies to host poker games were seized, federal authorities added in a statement.
Read the DOJ indictment here.
In total, there are nine counts, including: Conspiracy to violate UIGEA; Violation of UIGEA; Operation of Illegal Gambling Business; Conspiracy to Commit Bank and Wire Fraud; Money Laundering Conspiracy.