Do you feel safe online? Keep yourself up-to-date with online security and PC performance with the ParetoLogic Online Safety and ParetoLogic Performance Solutions. These monthly publications, delivered by email, are chockfull of interesting news stories, tips for protecting yourself online, ways to make your PC faster and more stable, and product information.
Sign up now for free.
Want to get up to speed and be more secure? Past editions of the ParetoLogic Online Safety and ParetoLogic Performance Solutions email newsletters are filled with interesting stories and great tips to enhance your computing experience and improve your PC's performance and optimization. Now you can check out past issues through our archives and never miss another edition!
The "Black Friday" shutdown of the top three online poker sites for U.S. players has left card sharks without their favourite place to play – and short on cash.
"I consider it a part-time job," online player Russell Fox said in an April 18 npr.org interview. "I consider it secondary income."
However, the U.S. government considers it illegal and charged the trio of top sites – FullTiltPoker.com, AbsolutePoker.com and PokerStars.com – and people associated with them with money laundering, bank and wire fraud, and violating the Unlawful Internet Gambling Enforcement Act. In total, the U.S. government is seeking $3 billion in a civil lawsuit and restraining orders, as of May 5, were issues against 76 different banks and payment processors. The government took action on Friday, April 15, and U.S. visitors to the sites saw only an FBI seal.
A key part of the situation is the involvement of Daniel Tzvetkoff. The Australian reportedly processed $500 million over two years. According to Peter Loshak on SBRforum.com, Tzvetkoff is rumoured to have embezzled funds from the sites he was working with and he was turned into the authorities. Loshak writes that the man then began providing the Federal Bureau of Investigation with evidence to make its case.
Another interesting component is the allegation that the sites bought 30 per cent of a small U.S. bank. The sites then allegedly processed payments through this Utah bank. One of its executives has been charged with money laundering in the indictments.
While the big players are shutdown, smaller poker sites continue to operate. However, should players continue to frequent them? Chuck Blount, a writer who covers poker, stated in a May 4 column on mysanantonio.com:
"It's a tremendous risk if you do. While the government ire was directed at the three biggies, it's naive to think the (Department of Justice) blindly will allow other companies to cash in."
The UIGEA was passed in 2006 to regulate online gambling. It "prohibits gambling businesses from knowingly accepting payments in connection with the participation of another person in a bet or wager that involves the use of the Internet and that is unlawful under any federal or state law." With this wording, the law targets online poker and other casino-style games while not coming down on such activities as fantasy sports.
Each month ParetoLogic features one of its sophisticated powerful software products for you to try and enjoy!
To learn more about this month's featured product, click on the buttons below; they will allow you to download the product, explain how to download the product or let you view an informative video about this exciting solution.