7 People Arrested for Online Credit Processing

Dire · #1 05-12-2007, 01:53 AM

Hard to read that article. They seem to imply that these were the people that were handling western union transfers, but also imply that they were defrauding credit card companies somehow? I don't really get it.

One thing I do get is that they're each facing up to 72 years in prison for doing nothing besides helping US citizens deposit their money to gambling sites they wanted to deposit their money to. What's happened to this country?

Genesis · #2 05-12-2007, 02:16 AM

Read to me as though they were responsible for processing credit card transactions for/through gambling sites but masking the purchase as something else.

soulvamp · #3 05-12-2007, 02:58 AM

Is this how UB and Absolute were able to process standard-issue cc's?

Coy_Roy · #4 05-12-2007, 03:02 AM

I hate to be an alarmist but this could possibly push a poker site teetering one way or the other to finally pull the plug on the US.

LeapFrog · #5 05-12-2007, 03:19 AM

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I hate to be an alarmist but this could possibly push a poker site teetering one way or the other to finally pull the plug on the US.

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The defendants are charged with Racketeer Influenced and Corrupt Organizations Act conspiracy, bank fraud, violations of the wire-wager act, and money laundering. The indictment seeks the forfeiture of $150 million, as well as real estate and vehicles.

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What we need to be asking:

Are these arrests in any way related to poker? Do any of the charges stem from transfer of $ to poker sites?

soulvamp · #6 05-12-2007, 04:45 AM

It is illegal to do that, I believe, no matter if it's a gambling site or a toy store or whatever. For instance, if I sold books but didn't have a cc merchant account but you had one, it would not be legal for you to process cc transactions for me, I think.

dragonystic · #7 05-12-2007, 06:39 AM

i dunno if this is related, but all of a sudden i cant use my cc's to deposit onto wpex. which ive used 3 or 4 times in the past, and as recently as a month ago.

Coy_Roy · #8 05-12-2007, 10:21 AM

[ QUOTE ]
What we need to be asking:

Are these arrests in any way related to poker? Do any of the charges stem from transfer of $ to poker sites?

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What do you think?

My last two deposits at a certain poker site were listed in my cc statement as a "clothing store" and a "furniture" store.

One of the companies mentioned btw, was BetUS, which uses the cake network as their poker platform.

antisocialgrace · #9 05-12-2007, 10:56 AM

I'm sure that was illegal even before the anti-gambling law was passed.

What I would like to know from PS lawyers and FTP lawyers is how do I legally withdraw and deposit funds?

F*cktards aren't answering these questions very well so they are going to lose a lot of business.

LeapFrog · #10 05-12-2007, 02:53 PM

[ QUOTE ]
[ QUOTE ]
What we need to be asking:

Are these arrests in any way related to poker? Do any of the charges stem from transfer of $ to poker sites?

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What do you think?

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I don't know Roy, that is why I'm asking.

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One of the companies mentioned btw, was BetUS, which uses the cake network as their poker platform.

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Yes, but does BetUS offer sports betting for example?
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BetUS.com is a premier online gambling site with online sports betting

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Roy if you know this is poker related, please, cite some sources I am all ears.