Feds continue their war of intimidation Gambling Subpoenas on Wall St.

[boedeker]

NY Times Article

The Justice Department has issued subpoenas to at least four Wall Street investment banks as part of a widening investigation into the multibillion-dollar online gambling industry, according to people briefed on the investigation...

[vinyard]

[ QUOTE ]
NY Times Article

The Justice Department has issued subpoenas to at least four Wall Street investment banks as part of a widening investigation into the multibillion-dollar online gambling industry, according to people briefed on the investigation...

[/ QUOTE ]

This might be a very good thing for us as players. Going after reasonably high profile IBs for doing something that was clearly legal might come back to bute the US in the ass.

[NajdorfDefense]

During Prohibition, it didn't matter if whiskey was legal in Canada if you tried to bring it to the US. They still prosecuted you. They didn't let rumrunners and moonshiners off with an 'atta boy' and hearty handshake.

Of course, I think these actions vs internet gaming are ludicrous, but there are plenty of existing laws, and RICO, that give the DoJ a pretty solid position, whether we like it or not. I don't see requesting info from the largest, most lawyered-up banks in the world as intimidation, it's SOP, they get info requests all the time.