US govt issues Freeze on player payouts

[FivePlusTax]

Ok,
Here we go again. The following is an excerpt taken from today's newspaper:

"Opening a new front in the government’s battle against Internet gambling, federal prosecutors have asked four American banks to freeze tens of millions of dollars in payments owed to people who play poker online.

Prosecutors in the last two weeks have asked Citibank, Wells Fargo and two smaller banks to freeze funds in accounts belonging to two companies, Allied Systems and Account Services, that process payouts on behalf of the poker sites. The government action came to light over the weekend after checks issued to poker players by the two companies began bouncing.

Citibank, a unit of Citigroup, confirmed that the bank had received a request from prosecutors. He said that as a matter of policy Citibank complies with such requests.

Wells Fargo, which received a court order to freeze the money, said it had a policy to comply with “valid instructions to seize funds” but declined further comment. It is not clear whether the other banks received court orders or simply requests."

If I remember correctly, the last check I received from pdc was drawn on a Wells Fargo bank. Has anyone received a check recently from pdc and had it bounced?

[FLOPZILLA]

Ok,
Here we go again. The following is an excerpt taken from today's newspaper:

"Opening a new front in the government’s battle against Internet gambling, federal prosecutors have asked four American banks to freeze tens of millions of dollars in payments owed to people who play poker online.

Prosecutors in the last two weeks have asked Citibank, Wells Fargo and two smaller banks to freeze funds in accounts belonging to two companies, Allied Systems and Account Services, that process payouts on behalf of the poker sites. The government action came to light over the weekend after checks issued to poker players by the two companies began bouncing.

Citibank, a unit of Citigroup, confirmed that the bank had received a request from prosecutors. He said that as a matter of policy Citibank complies with such requests.

Wells Fargo, which received a court order to freeze the money, said it had a policy to comply with “valid instructions to seize funds” but declined further comment. It is not clear whether the other banks received court orders or simply requests."

If I remember correctly, the last check I received from pdc was drawn on a Wells Fargo bank. Has anyone received a check recently from pdc and had it bounced?


Wow this explains me echeck issues on ********* and they told me differently and I bank at citibank and wellsfargo ...what paper was this out of

[Miklosik]

go to the PPA web page

[FLOPZILLA]

nice to see they have time for this with everything else that's going on
in this country 800 billion stimulus package and they spend 45 billion of it and half the country out of work practically!!!! go obama go ......What a donk !!!

[FOURDEAD36]

sent you e-mail FLOP bout it

[Survivor777]

http://forum.carbonpoker.com/newreply.php?do=newreply&noquote=1&p=382349

[FOURDEAD36]

http://forum.carbonpoker.com/newreply.php?do=newreply&noquote=1&p=382349

cant see it..no carbon forum account..send e-mail hun

[Survivor777]

Sorry hun :) Here ya go :wave:

http://theppa.org/

[FLOPZILLA]

sent you e-mail FLOP bout it


Thanks bro !!!!!!!!!!!!

[DavidCuz]

So does all of this mean that only our initial deposits are frozen? Or will we not get money when we withdraw funds now?

[FivePlusTax]

So does all of this mean that only our initial deposits are frozen? Or will we not get money when we withdraw funds now?

It means that if pdc is affected by this order, which I believe it is, they will have to find some other method of making payments to it's usa based players...and I believe this went into effect two weeks ago. Perhaps pdc will issue payments through western union (if still possible), or some form of cash card payment. Otherwise, the players owed money will be sool. Until the legality of online gambling is sorted out by the usa legislature, this is another good reason not to keep large deposits with off shore online gambling sites. Unless the online sites find some other credible form of making payments to it's usa players, they will be in severe trouble, particularly the smaller sites.

[FivePlusTax]

nice to see they have time for this with everything else that's going on
in this country 800 billion stimulus package and they spend 45 billion of it and half the country out of work practically!!!! go obama go ......What a donk !!!

Flop,

This was not the creation of the current administration, but a carryover from the 2006 port security act. The currently controlled democratic (liberal) congress would be more inclined to allow a more lenient approach to online gambling (IMO). Congressman Barney Frank, has introduced legislation to allow for the controlled licensing of online poker. There is more info on this elsewhere in the forums. Also the EU is putting enormous pressure on the current administration regarding this issue. See the following link for more info on this.

http://www.technologyreview.com/wire/22788/?nlid=2095

[Miklosik]

Flop,

This was not the creation of the current administration, but a carryover from the 2006 port security act. The currently controlled democratic (liberal) congress would be more inclined to allow a more lenient approach to online gambling (IMO). Congressman Barney Frank, has introduced legislation to allow for the controlled licensing of online poker. There is more info on this elsewhere in the forums. Also the EU is putting enormous pressure on the current administration regarding this issue. See the following link for more info on this.

http://www.technologyreview.com/wire/22788/?nlid=2095

In 2006 the congress was controlled by democrats.

[FivePlusTax]

In 2006 the congress was controlled by democrats.

I don’t wish to get into a flaming war, but unfortunately, your knowledge of chronological political events seems to be lacking.

The Safe Port Act of 2006 was passed by the legislature and signed by then president Bush in October, 2006, when the republicans controlled the usa legislature. It wasn’t until the Nov, 2006 elections that the democrats came in control. Besides that, the “Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA)” provisions of the bill, was a midnight add-on by republicans after the Port Act was already voted on.

[Miklosik]

my apologies. You are absolutely correct. Hence forth I vow to pay better attention to which party screws us from the front and which one screws us from the back.

[FivePlusTax]

my apologies. You are absolutely correct. Hence forth I vow to pay better attention to which party screws us from the front and which one screws us from the back.

lol, np. I have voted both ways, and have been done in by both in the past...(sigh), what's one to do?

[Thaxiss]

this was issued when the companies couldn't cover the checks they wrote. May not be a move against online gambling, but simply against incompetent or dishonest banks.

[1CanadianGirl]

Ok so let's say that for example pdcpoker has this so and so bank issuing checks to their players that are not american does it mean that the money will be frozen anyways since pdcpoker issues checks in usa money....
What i'm trying to say yes it does affect usa players but will it also affect any poker players outside of usa that are requestion check since pdcpoker checks are coming from the states... Will it be frozen also???

[FivePlusTax]

Ok so let's say that for example pdcpoker has this so and so bank issuing checks to their players that are not american does it mean that the money will be frozen anyways since pdcpoker issues checks in usa money....
What i'm trying to say yes it does affect usa players but will it also affect any poker players outside of usa that are requestion check since pdcpoker checks are coming from the states... Will it be frozen also???

Only affects usa based players. Poker companies maintain bank drawing sites worldwide.

[1CanadianGirl]

OK i thought all money from pdcpoker was issued in usa money worldwide from a usa bank...
Reason when asking is when i have a check sent by pdcpoker it does come from a usa bank....

[FivePlusTax]

OK i thought all money from pdcpoker was issued in usa money worldwide from a usa bank...
Reason when asking is when i have a check sent by pdcpoker it does come from a usa bank....

May have come from a branch located inside your country of domicile...the address on the checks may just indicate the country, state of incorporation. Or, the check may have come from a usa based bank, but you are located outside it borders. At any rate, you will not be affected.

[FivePlusTax]

May have come from a branch located inside your country of domicile...the address on the checks may just indicate the country, state of incorporation. Or, the check may have come from a usa based bank, but you are located outside it borders. At any rate, you will not be affected.

I would like to backtrack a bit on this response. I did a bit more reading of the issue and could not find any distinction as to whom payments would be made or not made, as far as these frozen accounts are concerned. If indeed pdc has used a usa based bank as it's payment vehicle, then there may be a problem for all players. But I find it difficult to believe that pdc would keep all of it's accounts within usa borders in light of the govt's antagonistic view of online gaming. The large poker sites have assured all players that payments would be made.
That pdc has so far not made any kind of statement regarding this issue, I find incredulous.

[ThaSeFaw]

I would like to backtrack a bit on this response. I did a bit more reading of the issue and could not find any distinction as to whom payments would be made or not made, as far as these frozen accounts are concerned. If indeed pdc has used a usa based bank as it's payment vehicle, then there may be a problem for all players. But I find it difficult to believe that pdc would keep all of it's accounts within usa borders in light of the govt's antagonistic view of online gaming. The large poker sites have assured all players that payments would be made.
That pdc has so far not made any kind of statement regarding this issue, I find incredulous.

Last Check i got was from a Bank in Canada!

i actually noticed that it was the 1st check not from the bank of America

[skinski]

Last Check i got was from a Bank in Canada!

i actually noticed that it was the 1st check not from the bank of America
Makes sense , since they do have an office in Canada and are even moving more of the staff there. Btw, FivePlusTax, well done on keeping to the facts .

[ThaSeFaw]

Makes sense , since they do have an office in Canada and are even moving more of the staff there. Btw, FivePlusTax, well done on keeping to the facts .


actually within the canadian Border but on Native soil!

Not Canadian Soil
Do not have to follow by Canadian Business Laws

[FOURDEAD36]

Last Check i got was from a Bank in Canada!

i actually noticed that it was the 1st check not from the bank of America

last 1 i got was from canada too!!! no problem cashing it

[ridiculosity4]

I've quit online poker indefinitely because of this, no point for me to play anymore.. Turn 21 in 5 days, Foxwoods and Mohegan: I'M SOON TO BE TERRORIZING YOUR CASINOS LEGALLY
:)

[1CanadianGirl]

Last Check i got was from a Bank in Canada!

i actually noticed that it was the 1st check not from the bank of America

last 1 i got was from canada too!!! no problem cashing it

Bank of Canada checks still have written under signature area >>> USA funds...

[ThaSeFaw]

Bank of Canada checks still have written under signature area >>> USA funds...

That True Because we are not playing for Euros

[realbadhand]

The one constant for pdc when I played here...no matter the us govt interferrence they got the payout done period....so your money is coming imo. Might even switch back to this site because of this reason, and gulp deposit...omg that word makes me sick....willc soon, if the site Ive been playings check comes on time and is good then maybe not :-)

[FabulouslyFierce]

So we're screwed even if the checks we get from here are from some bank in Montreal? Ugh, is that why it's taking that long to get them? I requested mine 1-2 weeks BEFORE the freezeout but I guess that doesn't matter :(