ePassoprte, UIEGA deadline

JimmytheHat19 · #1 07-09-2007, 04:29 AM

So, I guess I'm confused. The 270 day "grace period" for the UIGEA is supposedly up by July 10th. I understand that things prbly won't be in order for the federal reserve board to write the new laws into legislation by this time. I also understand that Attorney General Alberto Gonzalez himself has said that he doesn't feel the law can be enforced properly. This is obviously outstanding news. But I still have very serious concerns. Neteller got shut down all of the sudden on January 18th when they themselves said they would continue to accept US customers until the 270 grace period was up. How is it that Epassporte is still able to function? I have read the entire UIGEA act cover to cover and what ePassporte is doing is in clear violation of it? Now don't get me wrong here; I use ePassporte as my main cashout method as I derive most of my income from playing online poker. I would be devastated (at least temporarily) if ePassporte got shut down or if they stopped doing business with US customers. I am just trying to understand what is going on with them. It seems to me that they wont be able to stay in business forever with the UIGEA floating around out there, even if the US govt is dragging their feet on it. What is the future of online poker depositing and, most importantly to me, withdrawing?

Legislurker · #2 07-09-2007, 04:44 AM

You don't ask much do you. Two things. Epass doesnt violate the Wire Act, hence not RICO. No one who runs epass is stupid enough to enter the US.

JimmytheHat19 · #3 07-09-2007, 04:52 AM

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You don't ask much do you. Two things. Epass doesnt violate the Wire Act, hence not RICO. No one who runs epass is stupid enough to enter the US.

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What are you talking about? I'm not talking at all about eh wire act. I'm talking about the UIGEA. What is RICO? ePassorte currently serves US customers looking to transfer money between themselves and gaming sites, and vice versa. This is in CLEAR violation of the UIGEA. What happens after the reserve board writes the specific laws surrounding the UIGEA and prohibits US banks from accepting ANY transactions between players and the sites?

TheEngineer · #4 07-09-2007, 07:48 AM

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ePassorte currently serves US customers looking to transfer money between themselves and gaming sites, and vice versa. This is in CLEAR violation of the UIGEA.

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How so? The Wire Act applies only to sports betting. UIGEA didn't make any form of gambling illegal. What it did was pass laws prohibiting use of various financial tools to fund Internet gambling that is illegal under other sstate and federal laws. ePassporte has been careful to stay within this limitation. It's certainly possible that the DOJ could try to shut them down eventually, but they'd have to either win in court, or they'd have to put so much pressure on ePassporte that they caved on their own.

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What happens after the reserve board writes the specific laws surrounding the UIGEA and prohibits US banks from accepting ANY transactions between players and the sites?

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Proabably nothing. The Act is specific in that it doesn't outline banned activities (but it does provide exceptions). I expect the regs to do the same.

Robin Foolz · #5 07-09-2007, 12:06 PM

epassporte specifically does not cater to sportsbooks/sportsbetting activites as neteller did. those type of activities are sufficiently made illegal by federal law and subject to prosecution of the offenders under the law.

epass only does poker and other misc. stuff. specifically, playing poker online and moving funds to support your playing habits (not yet at least) were never subject to the scope of law that got neteller in hot water with the doj.

jonyy6788 · #6 07-09-2007, 12:49 PM

isn't ePass affiliated w/ porn? and porn basically untouchable?

also, to the OP....I wouldn't go leaving moniez in Epass, just cashout or make sure it's in ur poker accounts

MasterLJ · #7 07-09-2007, 01:27 PM

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I have read the entire UIGEA act cover to cover and what ePassporte is doing is in clear violation of it?

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Obviously you haven't... although you put a question-mark at the end so perhaps you are asking?

The UIGEA does not change the statute for anything. If you live in a state that permits poker, the Wire Act expressly grants you the right to play said games online. The UIGEA is a piece of legislation enforcing ****UNLAWFUL**** internet gambling (sports-betting and the like, unless you are in NV).

MiltonFriedman · #8 07-09-2007, 01:50 PM

.....try Malibu.

I wish you were right, it has been a concern.

MasterLJ · #9 07-09-2007, 02:00 PM

I'm concerned, but my concern isn't if the UIGEA is valid or not (since I'm in CA it is not relevant), but it's whether the AG and the Fed will paint all online gambling with a broad stroke and overstep State rights.

prodonkey · #10 07-09-2007, 04:54 PM

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I'm concerned, but my concern isn't if the UIGEA is valid or not (since I'm in CA it is not relevant), but it's whether the AG and the Fed will paint all online gambling with a broad stroke and overstep State rights.

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I thought this was their plan all along?