Posted by Steve Ruddock on Jul 11, 2012 Posted in Poker News | No Comments »

Earlier we reported on the motions of dismissal filed by three Full Tilt Poker owners who were indicted in a civil complaint in the months following Black Friday, Howard Lederer, Chris Ferguson, and Rafe Furst. On the same day PokerStars filed their own motion to dismiss, citing theRead Full Article

Posted by Steve Ruddock on Apr 13, 2012 Posted in Poker News | No Comments »

With the anniversary of Black Friday (April 15, 2011) mere days away, a group of poker players has filed a class action lawsuit against Full Tilt Poker owners and executives in Nevada. The players which include Todd Terry, Steve Segal, Nick Hammer and Robin Hougdahl, are seeking $150Read Full Article

Posted by Steve Ruddock on Apr 08, 2012 Posted in Poker News | No Comments »

File this one under “Unconfirmed but possible”. Last week a poster on the 2+2 poker forums started an interesting thread where he described an encounter between himself and a pair of Secret Service agents investigating a pair of payment processors. The thread written by “bmorganonnap” was met withRead Full Article

Posted by Steve Ruddock on Mar 28, 2012 Posted in Poker News | No Comments »

Just a day after Chad Elie changed his plea from Innocent to Guilty, on one-count of conspiracy to commit bank fraud in a deal with prosecutors, his co-defendant, John Campos, did likewise. The former bank Vice President who was one of 11 individuals indicted last April plead guiltyRead Full Article

Posted by Steve Ruddock on Mar 27, 2012 Posted in Poker News | No Comments »

Apparently the recent turning over of some 90,000 documents by former online poker payment processor Daniel Tzvetkoff was enough to make Chad Elie rethink his plea and change it from innocent to guilty. Elie is one of two men indicted on Black Friday who was set to standRead Full Article

Posted by Steve Ruddock on Dec 20, 2011 Posted in Poker News | No Comments »

While it’s not the first domino to fall in the Black Friday scandal, the recent guilty plea by Absolute Poker co-founder Brent Beckley could very well prove to be one of the most important. According to an AP article that hit the Internet today, Beckley, who is 31Read Full Article

Posted by Steve Ruddock on Nov 08, 2011 Posted in Poker News | No Comments »

Of the 11 people indicted on Black Friday the US Department of Justice has managed to arrest four of the men they named, and two of those men, John Campos and Chad Elie, have already been arraigned and entered not-guilty pleas. In response to Elie’s and Campos’ assertionRead Full Article

Posted by Adam Grunwerg on May 05, 2011 Posted in Poker Industry News | No Comments »
european poker stocks

Share prices in UK gaming companies including 888 Holdings, Playtech and Bwin.Party have soared after the recent “Black Friday” illegal crackdown on US poker sites. Bwin.Party shares have shot up 30%, 888 Holdings (owned of 888 Poker) up 19% and Playtech 8%. The reasons for the share priceRead Full Article

Posted by Steve Ruddock on Apr 15, 2011 Posted in Poker News | 3 Comments »

In a press release issued by the US Department of Justice we have learned that three Internet poker companies and their owners are being charged with bank fraud, money laundering, and illegal gambling offenses. There are several important revelations in the press release: 1.    The three Internet pokerRead Full Article