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Update: Online Poker Flops On The River With $3 Billion, 65 year indictment

Online Poker founders face $3 Billion and 65 years in prison if convicted.
By: Trak Lord | Business, Financial & Legal News | Posted: Apr 22, 2011 5:15 am

Last week the US Department of Justice and the Federal Bureau of Investigation indicted 11 defendants involved in American Online Poker sites.




If you don't recall, among the defendants were the founders of Full Tilt Poker, Absolute Poker, and Pokerstars, and they were charged with conspiracy, bank fraud, money laundering, bribery, and scheming with a 2006 legislation proposal that would have made online gambling illegal. The DoJ now wants somewhere around $3 Billion and as many as 65 years in prison for some of the defendants.


In other news, the American Congress might just make online gambling completely legal- or illegal. Only the next few months will tell.


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