Feds: Full Tilt Poker site was Ponzi scheme
An Internet poker company that was blocked from operating in the U.S. in the spring as part of an online gambling crackdown was "not a legitimate poker company, but a global Ponzi scheme," federal prosecutors said Tuesday.
Source: biz.yahoo.com
Poker Site Misused Players’ Money, U.S. Says
Federal prosecutors said a major online poker site, Full Tilt Poker, was accepting millions of dollars in bets but paying out the money in profits to its executives.
Source: www.nytimes.com
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