U.S. government says Full Tilt Poker paid out money to investors that belonged to players.
Earlier this year the U.S. government confiscated Full Tilt Poker’s domain name FullTiltPoker.com. The government later gave the domain name back, but now there’s more bad new for the company — or should I say its players?
Now the U.S. government has basically called it a giant ponzi scheme. The company allegedly didn’t hold onto all of its players’ cash balances and instead distributed much of it, including as profits to the owners.
It sure seems that the best way to control the online gambling industry is to legalize it in the U.S. and then regulate it.
Here is a list of panelist that awarded “Pocket Kings Limited” domains through the years, paid with player’s money:
Ryan, Desmond J.
Foster, Dennis A.
Fong, Karen
Brown, Andrew
Swinson, John
Isenberg, Douglas M.
Samaras, Harrie R.
Alexiev, Assen
Source?
http://www.wipo.int/amc/en/domains/search/domain.jsp
http://i51.tinypic.com/ruwqhg.jpg
Filing by named complainant: Pocket Kings Limited
It’s like handing over domains to Bernard Madoff or the Standford Bank so they can keep capturing ‘customers’.
Sad if true.
It’s interesting that even after the US DoJ seized their main domain name, WIPO has continued to merrily transfer additional domain names to them.
All of the following WIPO decisions issued AFTER the seizure of Full Tilt’s domain name by US law enforcement:
D2011-1060
D2011-1037
D2011-1035
D2011-0750
D2011-0730
D2011-0646
D2011-0613
D2011-0074
…there is no indication that the DOJ is aware that WIPO has been materially aiding a criminal enterprise. However, WIPO staff was informed of it at the time.
and the worst part is that they spent all the money on black leather jackets and motorcycle parts. oh wait… i was thinking of a fonzi scheme… never mind.
Oh well, unfortunately no surprise at all… I know pretty good why I’m playing poker for real
I am the respondent in dieterensuck.com WIPO case D 2011-1925 with Alexiev, Assen presiding….