zengrifter
Banned
Whacko jackboot defenders of the status quo will drill right down the line. zg
Owerners of PS, FTP and Absoloute get charged
- Thread starter 1357111317
- Start date
I don't know the government view (hey, it's not my government), all I'm saying is - national laws are not enforceable on the internet.
And I don't think players break the law by playing poker. Neither for gambling (which happens in Malta, not US) nor for money laundry. Players have no control how money transactions are implemented by the poker company. If they cash out and get a transactions from "Asian Pacific Network Group" instead of "PokerStars", there's nothing they can do about that.
Surely they should declare their winnings on tax forms - if wins from gambling is taxable.
Whether or not players have a legit claim of their held money, the company is surely going for bankruptcy with the billions of $ of charges. And guess who is served first from the player funds pool... it's certainly not the players.
The banks and the sites are breaking the law by accepting money from US residents. They erected a shadow system that pretended you were paying for X while they were delivering Y. That is fraud and may be money laundering.
As far as your claim as national laws not be enforceable on the internet, I'll simply refer you to the hundreds if not thousands of people in jail for logging on to kiddie porn sites. I am not equating playing poker with child porn. Just giving you a concrete and well publicised example to show the err of your thoughts
Were the players legally playing poker- thats a grey area but not what this case is about. As far as taxes go, why would you think theres even a remote chance that your gambling income would not be taxable?
As far as your claim as national laws not be enforceable on the internet, I'll simply refer you to the hundreds if not thousands of people in jail for logging on to kiddie porn sites. I am not equating playing poker with child porn. Just giving you a concrete and well publicised example to show the err of your thoughts
Were the players legally playing poker- thats a grey area but not what this case is about. As far as taxes go, why would you think theres even a remote chance that your gambling income would not be taxable?
Dyepaintball12
Well-Known Member
Why did it take so long for this to happen? I would have thought the government would be looking into this as soon as on-line gambling was banned.
zengrifter
Banned
And the users in US also breaking the law, as well.
So our illustrious imperial gummint decided that to be fair NOBODY gets their money back! zg
Katweezel
Well-Known Member
For an alien from a land where Internet Gambling is God, this poker hullaballoo is a mystery. 
Um, why isn't Internet Gambling legal in the US again? I've forgotten. Strange how the gummint allows billions available in taxes to remain offshore. I think it may have been QFIT who hinted the bottom line is religion?? And it wasn't so long ago when an on-line poker website was busted cheating, as I recall. Now this... 
Um, why isn't Internet Gambling legal in the US again? I've forgotten. Strange how the gummint allows billions available in taxes to remain offshore. I think it may have been QFIT who hinted the bottom line is religion?? And it wasn't so long ago when an on-line poker website was busted cheating, as I recall. Now this... 
blackjack avenger
Well-Known Member
Ouuuuuch
Any idea the number of US players that play online poker?
Any idea the number of US players that play online poker?
Katweezel
Well-Known Member
Hey, that's not a Gummint. It's a bunch of serious and sad-faced individuals standing around with their hands folded in front of their genitals; and Gummints don't have genitals, as far as I know.And the users in US also breaking the law, as well.
So our illustrious imperial gummint decided that to be fair NOBODY gets their money back! zg
zengrifter
Banned
Because the US casinos lobbied against. zg
zengrifter
Banned
Steve Wynn is so FICKLE! >>
Steve Wynn Goes All In On PokerStars - Apr. 7
Steve Wynn Cuts Ties With PokerStars - Apr. 15
And he looks older than Sheldon Adelson >>
Steve Wynn Goes All In On PokerStars - Apr. 7
Steve Wynn Cuts Ties With PokerStars - Apr. 15
And he looks older than Sheldon Adelson >>
zengrifter
Banned
And the users in US breaking the law, as well.
So our illustrious imperial gummint decided that to be fair NOBODY gets their money back! zg
From analysis by Criminal Trial Attorney Sanford I. Millar -
Claims by some of the three companies, that business may continue as far as payouts to players may
be “puffing” but if attempted could result in further charges being brought. Which in some ways gets
us back to the actions of the IRS.
In the event that there is a plea deal by any of “founders” there will most assuredly by a “cooperation”agreement.
The U.S. will want each companies player list with deposits, withdrawals and balances by year so that the IRS can follow-up to see if winning and losses were reported. If the civil fraud penalty applies, that is willful failure to file, willful failure to pay, or then the statute of limitations on assessment is open so some players may be exposed not only for cash balances on hand, but for tax on prior winnings.
If the criminal tax evasion statute applies, then not only will some of the players
face civil penalties of 75%, plus interest, but also time in custody. If the failure to file Foreign Bank
Account Reports statutes apply, then civil and criminal penalties under the Bank Secrecy Act are
possible.
As said above, some of the damage has already been done, but like the Fukushima earthquake, the
full assessment is going to take time. But the cost to the specific businesses, both direct and indirect,
as well as to third parties is already enormous.
be “puffing” but if attempted could result in further charges being brought. Which in some ways gets
us back to the actions of the IRS.
In the event that there is a plea deal by any of “founders” there will most assuredly by a “cooperation”agreement.
The U.S. will want each companies player list with deposits, withdrawals and balances by year so that the IRS can follow-up to see if winning and losses were reported. If the civil fraud penalty applies, that is willful failure to file, willful failure to pay, or then the statute of limitations on assessment is open so some players may be exposed not only for cash balances on hand, but for tax on prior winnings.
If the criminal tax evasion statute applies, then not only will some of the players
face civil penalties of 75%, plus interest, but also time in custody. If the failure to file Foreign Bank
Account Reports statutes apply, then civil and criminal penalties under the Bank Secrecy Act are
possible.
As said above, some of the damage has already been done, but like the Fukushima earthquake, the
full assessment is going to take time. But the cost to the specific businesses, both direct and indirect,
as well as to third parties is already enormous.
And how many dishonest WS titans have been arrested?
Instead of devoting all these resources in this endeavor, you would think the US government might work on building cases against the Wall Street frauds behind the biggest economic collapse since 1929.
After all the leaders of Enron were brought to justice. Oh, that's right. The dishonest bankers behind the 2008 meltdown were too big too fail so they were bailed out. And not only have they escaped justice but they've continued to receive their bloated pay packages.:flame:
The overpaid and haughty WS titans did much, much more damage to the US than these three poker sites could ever possibly do.
Instead of devoting all these resources in this endeavor, you would think the US government might work on building cases against the Wall Street frauds behind the biggest economic collapse since 1929.
After all the leaders of Enron were brought to justice. Oh, that's right. The dishonest bankers behind the 2008 meltdown were too big too fail so they were bailed out. And not only have they escaped justice but they've continued to receive their bloated pay packages.:flame:
The overpaid and haughty WS titans did much, much more damage to the US than these three poker sites could ever possibly do.
zengrifter
Banned
What damage did the poker sites do? z
g
Katweezel
Well-Known Member
Well, quite obviously they were a serious threat to life as we know it on this planet. You oviously don't fully appreciate the great efforts your gumminent is doing right now to safeguard democracy, for the whole Western world. Bernie Madoff was target #1, and that threat was removed. Then, the dude with the funny money offering competition. He should join Bernie soon. And now, the card dudes. They all should be in the same joint before too long, playing poker together. You should show more gratitude, before it's too late.What damage did the poker sites do? z
Katweezel
Well-Known Member
Zen, you took too long to answer your own question. In the meantime, Walter Matthau has given us the answer...What damage did the poker sites do? z
)
