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Online Poker Indictment - Largest U.S. Internet Poker cite operators charged

Online Poker Indictment - Largest U.S. Internet Poker cite operators charged

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Published by Justia.com
A federal indictment indictment charging 11 people, including the founders of the three largest Internet poker companies in the United States - PokerStars, Full Tilt Poker, and Absolute Poker (the "Poker Companies") - with bank fraud, money laundering, and illegal gambling offenses.
A federal indictment indictment charging 11 people, including the founders of the three largest Internet poker companies in the United States - PokerStars, Full Tilt Poker, and Absolute Poker (the "Poker Companies") - with bank fraud, money laundering, and illegal gambling offenses.

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Published by: Justia.com on Apr 15, 2011
Copyright:Attribution Non-commercial

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04/15/2011

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UNITEDSTATESDISTRICTCOURTSOUTHERNDISTRICTOFNEWYORK
------------------x
UNITEDSTATESOFAMERICASUPERSEDINGINDICTMENT
-v-
I
SAlSCHEINBERG,RAYMONDBITAR,SCOTTTOM,BRENTBECKLEY,NELSONBURTNICK,PAULTATE,
RYANLANG,
BRADLEYFRANZEN,IRARUBIN,CHADELIE,andJOHNCAMPOS,S310Cr.336(LAK)Defendants.
------------------x
COUNT
ONE(UnlawfulInternetGamblingEnforcementActConspiracy)TheGrandJurycharges:
Introduction
1.FromatleastinoraboutNovember2006,andcontinuingthroughinoraboutMarch2011,thethreeleadinginternetpokercompaniesdoingbusinessintheUnitedStateswerePokerStars,FullTiltPokerandAbsolutePoker/UltimateBet(collectivelythe"PokerCompanies").BecauseUnitedStatesbankswerelargelyunwillingtoprocesspaymentsforanillegalactivitysuchasinternetgambling,thethreePokerCompaniesusedfraudulentmethodstoavoidtheserestrictionsandto
 
receivebillionsofdollarsfromUnitedStatesresidentswhogambledthroughthePokerCompanies.TheprincipalsofthePokerCompanies,includingdefendantsISAISCHEINBERGandPAULTATEofPokerStars,SCOTTTOMandBRENTBECKLEYofAbsolutePoker,andRAYMONDBITARandNELSONBURTNICKofFullTiltPoker,deceivedordirectedotherstodeceiveUnitedStatesbanksandfinancialinstitutionsintoprocessingbillionsofdollarsinpaymentsforthePokerCompanies,by,amongotherthings,arrangingforthemoneyreceivedfromUnitedStatesgamblerstobedisguisedaspaymentstohundredsofnon-existentonlinemerchantsandothernon-gamblingbusinesses.2.Toaccomplishthisdeceit,ISAISCHEINBERG,RAYMONDBITAR,BRENTBECKLEY,NELSONBURTNICKandPAULTATE,thedefendants,reliedonhighlycompensatedthirdpartypaymentprocessors(the"PokerProcessors")wholiedtoUnitedStatesbanksaboutthenatureofthefinancialtransactionstheywereprocessingandcoveredupthoseliesthroughthecreationofphonycorporationsandwebsitestodisguisepaymentstothePokerCompanies.ThesePokerProcessorsincluded,amongothers,RYANLANG,BRADLEYFRANZEN,IRARUBIN,andCHADELIE,thedefendants,who,atvarioustimesrelevanttothisIndictment,processedandhelpeddisguisepaymentstoeachofthethreePokerCompanies.3.Workingtogether,thePokerCompaniesandPokerProcessorsdeceivedUnitedStatesbanksandfinancial
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institutions-includingbanksinsuredbytheFederalDepositInsuranceCorporation-intoprocessingbillionsofdollarsingamblingtransactionsforthePokerCompanies.Approximatelyone-thirdormoreofthefundsdepositedbygamblerswentdirectlytothePokerCompaniesasrevenuethroughthe"rake"thePokerCompanieschargedplayersonalmosteverypokerhandplayedonline.
TheDefendantsandTheirAssociatedEntities
4.AtalltimesrelevanttothisIndictment,ISAISCHEINBERG,thedefendant,wasafounder,owner,andprincipaldecision-makerforPokerStars,aninternetpokercompanyfoundedinorabout2001withheadquartersintheIsleofMann.Throughitswebsite,pokerstars.com,PokerStarsprovidedreal-moneygamblingoninternetpokergamestoUnitedStatescustomers.AtvarioustimesrelevanttothisIndictment,PokerStarsdidbusinessthroughseveralprivatelyheldcorporationsandotherentities,includingbutnotlimitedtoOldfordGroupLtd.,RationalEntertainmentEnterprisesLtd.,PyrSoftwareLtd.,StelekramLtd.andSpheneInternationalLtd.(collectively,"Pokerstars")5.AtalltimesrelevanttothisIndictment,RAYMONDBITAR,thedefendant,wasafounder,owner,andprincipaldecision-makerforFullTiltPoker,aninternetpokercompanyfoundedinorabout2004withheadquartersinIreland.Through
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