Major Online Poker Companies to be Shut Down by U.S. Government

Eleven executives from PokerStars, Full Tilt Poker and Absolute Poker were charged with bank fraud and money laundering in an indictment in an NY court. Prosecutors are seeking to immediately shut down the sites. The executives will likely see jail time, while over $3 billion dollars will be recovered from the tainted companies. Federal agents are still searching for the executives to make arrests as well as uncover more information regarding the case.


The American online gambling industry has taken off in the last decade, with an estimated 15 million participants. In 2006 Congress passed a law to prohibit online gambling. The leading sites found ways to work around the law using foreign banks, which prosecutors say in doing so – they broke the law.

Online poker companies involved:

  1. PokerStars
  2. Full Tilt Poker
  3. Absolute Poker

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