A federal crackdown on online poker sites continues to rake in chips. In a reported plea agreement, a man who co-founded the gambling site Absolute Poker pleaded guilty to conspiracy charges. Federal regulators accused his organization of deceiving banks by masking customers’ gambling charges with names of online retailers. [More]
Only months after the federal government shut down access to online poker sites come reports that Congress could soon consider a bill that would legalize online gambling. [More]
If you were planning on making your fortune on your sofa, taking fools’ money in online poker, it’s probably time to think of a plan B. Feds are making like Eliot Ness in an effort to shut down offshore companies that let Americans subvert in the nation’s online gambling laws. G-men have filed an indictment against several individuals accused of operating illegal internet poker speakeasies. [More]
Here’s a mystery story to distract you from the U.S. Banking Apocalypse. UltimateBet.com, “one of the top 10 poker sites,” has admitted that employees manipulated the software to cheat from at least January 2005 to January 2008, when some players started noticing an unusually high rate of wins for a certain user name. An Australian player mapped that user’s wins against accounts that had played a similar number of hands, and realized that “NioNio’s” wins were “less likely than ‘winning a one-in-a-million lottery on four consecutive days.’” But NioNio is just one part of the mystery.
Wamu’s fraud department has a problem sending letters. Just like another reader, Kristin, we posted about, Rob is having trouble disputing fraudulent charges on his account. He followed their every instruction, except to respond to the second letter WaMu sent out. How could Rob do such a foolish thing? Because it never showed up in his mailbox, a point, WaMu seems to think, is owing to, not their incompetence, but Rob’s general lassitude and weakness of character. Or something like that. Here’s Rob’s story…