Fight the Ban on Online Poker – Click below to send a letter to congress to show your support.
http://www.fightwhatsnext.org
"What would you do if congress banned french fries?"
haha-i would probably eat some other food
haha-i would probably eat some other food
My biggest concern is if/when they decide to enfoce this ban, can they freeze your account? Can they make it so you can't get your money out? I've not put anything into my real money account because I'm waiting to see what the fallout will be from this end around by the busybody do-gooders.
No bans for me I live in england =p
QUOTE (Fourputt @ Friday, January 5th, 2007, 12:54 PM) 
My biggest concern is if/when they decide to enfoce this ban, can they freeze your account? Can they make it so you can't get your money out? I've not put anything into my real money account because I'm waiting to see what the fallout will be from this end around by the busybody do-gooders.
WHY WOULD YOU NOT BE ABLE TO GET YOUR MONEY OUT??? ITS YOUR MONEY, LEGALLY YOUR MONEY, IT WOULD BE ILLEGAL FOR THEM TO DO THAT!
ANOTHER CASE OF THE Y2K SCARE
QUOTE (cu in 4years Dan @ Friday, January 12th, 2007, 4:09 AM)
WHY WOULD YOU NOT BE ABLE TO GET YOUR MONEY OUT??? ITS YOUR MONEY, LEGALLY YOUR MONEY, IT WOULD BE ILLEGAL FOR THEM TO DO THAT!
ANOTHER CASE OF THE Y2K SCARE
ANOTHER CASE OF THE Y2K SCARE
Guess what they have done now read this from Poker News:
Poker News
Neteller Founders Arrested 2007-01-16 (Posted by TwoGun)
Stephen Lawrence and John Lefebvre founded Neteller and used to serve as directors of the company. Both no longer have any active role with Neteller, though Lawrence and Lefebvre each have significant shareholdings in the company.
The two were arrested at their homes yesterday in the United States. It is not clear what charges have been brought against them. Neteller has temporarily suspended trading of its shares.
My husband and I are seriously considering moving to another country.... it's not a democracy here anymore, it has become a police state.
I have been reading comments from people who are defending the US government in arresting the Neteller Founders. It seems they believe what has been fed to them about laundering money to promote terrorism. Here is the real scoop...it is to take down online gambling.
From http://technology.guardian.co.uk/news/stor...1992092,00.html
More at http://www.newsday.com/news/local/wire/new...egion-apnewyork
Founders of gambling accounts firm arrested
• London-listed Neteller suspends share trading
• Swoop is latest move in US war on online betting
Simon Bowers and Andrew Clark
Wednesday January 17, 2007
The Guardian
The two founders of the British "virtual wallet" group Neteller, which provides gambling accounts to online punters, have been arrested in America and charged with money laundering offences which carry penalties of up to 20 years in prison.
Neteller's former chairman, Steve Lawrence, 46, was detained in the US Virgin Islands on Monday and his co-founder, John Lefebvre, 55, was picked up by the US authorities in the millionaires' playground of Malibu, California.
They join a list of companies and executives to fall foul of a crackdown on internet gambling, which is illegal in the US. Congress tightened laws on electronic gaming in October, plunging the industry into confusion. Some gambling companies, including PartyGaming and 888, have since withdrawn from the US market but Neteller has remained.
Both men are Canadian citizens but they hold stakes of 5.9% and 5.5% respectively in Neteller, which is listed on London's Alternative Investment Market and incorporated in the Isle of Man. Trading was suspended in the company's shares yesterday.
The US attorney's office in New York said the pair were charged with conspiring to transfer funds with the intent to promote illegal gambling. They are due to appear in court today.
It said the businessmen were well aware that their operation broke American law, and that they had even warned investors in a prospectus for the company's 2004 flotation that prosecution was a risk.
Prosecutor Michael Garcia said: "Blatant violations of US law are not a mere 'risk' to be disclosed to prospective investors. Criminal prosecutions related to online gambling will be pursued even in cases where assets and defendants are positioned outside of the United States."
Evidence cited by Mr Garcia includes a September conference call with City analysts at which Neteller's chief executive said 85% of the company's business was in North America, of which 75% concerned US customers.
At the US government's behest, a "co-operating witness" in Florida placed a series of bets on American football matches using Neteller's system - winning $200 on one wager before losing $250 on a second.
Neteller's e-wallets are particularly attractive to US punters because they allow gamblers to open betting accounts which get around laws barring credit card companies from dealing with gambling websites. Neteller became the market leader in gambling e-wallets five years ago when PayPal was forced to close its gambling payments business under the terms of its takeover by eBay.
The company has continued to dominate in the US since October, providing services to punters on sites such as Poker Stars and Bodog, which remain active. At the time, the company said: "Various provisions of the act, including the obligations of financial transaction providers such as Neteller, remain unclear."
Mr Lawrence invented the payment software behind Neteller in 1999 and teamed up with Mr Lefebvre, a lawyer, who helped raise funds. The two shared a £3.6m windfall when the company floated and they have sold more shares since, enjoying proceeds of more than £60m.
From http://technology.guardian.co.uk/news/stor...1992092,00.html
More at http://www.newsday.com/news/local/wire/new...egion-apnewyork
Founders of gambling accounts firm arrested
• London-listed Neteller suspends share trading
• Swoop is latest move in US war on online betting
Simon Bowers and Andrew Clark
Wednesday January 17, 2007
The Guardian
The two founders of the British "virtual wallet" group Neteller, which provides gambling accounts to online punters, have been arrested in America and charged with money laundering offences which carry penalties of up to 20 years in prison.
Neteller's former chairman, Steve Lawrence, 46, was detained in the US Virgin Islands on Monday and his co-founder, John Lefebvre, 55, was picked up by the US authorities in the millionaires' playground of Malibu, California.
They join a list of companies and executives to fall foul of a crackdown on internet gambling, which is illegal in the US. Congress tightened laws on electronic gaming in October, plunging the industry into confusion. Some gambling companies, including PartyGaming and 888, have since withdrawn from the US market but Neteller has remained.
Both men are Canadian citizens but they hold stakes of 5.9% and 5.5% respectively in Neteller, which is listed on London's Alternative Investment Market and incorporated in the Isle of Man. Trading was suspended in the company's shares yesterday.
The US attorney's office in New York said the pair were charged with conspiring to transfer funds with the intent to promote illegal gambling. They are due to appear in court today.
It said the businessmen were well aware that their operation broke American law, and that they had even warned investors in a prospectus for the company's 2004 flotation that prosecution was a risk.
Prosecutor Michael Garcia said: "Blatant violations of US law are not a mere 'risk' to be disclosed to prospective investors. Criminal prosecutions related to online gambling will be pursued even in cases where assets and defendants are positioned outside of the United States."
Evidence cited by Mr Garcia includes a September conference call with City analysts at which Neteller's chief executive said 85% of the company's business was in North America, of which 75% concerned US customers.
At the US government's behest, a "co-operating witness" in Florida placed a series of bets on American football matches using Neteller's system - winning $200 on one wager before losing $250 on a second.
Neteller's e-wallets are particularly attractive to US punters because they allow gamblers to open betting accounts which get around laws barring credit card companies from dealing with gambling websites. Neteller became the market leader in gambling e-wallets five years ago when PayPal was forced to close its gambling payments business under the terms of its takeover by eBay.
The company has continued to dominate in the US since October, providing services to punters on sites such as Poker Stars and Bodog, which remain active. At the time, the company said: "Various provisions of the act, including the obligations of financial transaction providers such as Neteller, remain unclear."
Mr Lawrence invented the payment software behind Neteller in 1999 and teamed up with Mr Lefebvre, a lawyer, who helped raise funds. The two shared a £3.6m windfall when the company floated and they have sold more shares since, enjoying proceeds of more than £60m.
QUOTE (cu in 4years Dan @ Friday, January 12th, 2007, 7:09 AM)
WHY WOULD YOU NOT BE ABLE TO GET YOUR MONEY OUT??? ITS YOUR MONEY, LEGALLY YOUR MONEY, IT WOULD BE ILLEGAL FOR THEM TO DO THAT!
ANOTHER CASE OF THE Y2K SCARE
ANOTHER CASE OF THE Y2K SCARE
I still cant get over the Govt telling my bank (that holds MY MONEY) to deny my transaction to a poker site.
gee its ok to buy porn, but poker..........eeeeew evil.
Next the Govt will tell casino's in Vegas not to accept my cash......this whole thing is a farce and a joke and a trembious travesty of our FREEDOM.
I hear so many say why dont the Govt just legalize and tax it....I say why didnt they just leave it as it was and let me decide where I spend my money.
THis crap just makes me want to run for office and reverse crappy laws, but does America have enough common sense left o elect anyone sane?
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