More Trouble Ahead for Full Tilt Poker?

08/04/2010 10:04
Type Online Report
Theme poker

The Financial Times has recently reported that Full Tilt Poker is now the subject of a probe on the part of a Federal Grand Jury in New York City, along with prominent poker professionals Howard Lederer and Chris "Jesus" Ferguson who are rumored to have a stake in the company.

The charges being promulgated are for money laundering. This was a strategic decision that is meant to allow US authorities to gain regulatory pull in jurisdictions where online gambling is not illegal -- because money laundering will still be considered a crime in those jurisdictions and will be subject to applicable bilateral treaties.

As reported on in previous Wheretobet.com news Telegrams, Full Tilt has struggled over the past year and a half having US facing payment processors attacked by regulators and eventually shut down. This investigation by the grand jury could spell more trouble ahead for this online poker giant.

"Q"
Wheretobet.com

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