I am thinking of having a session on stars and tilt this evening to take advantage of the smallers fields - has anyone NON US been able to cash out of there today - i dont want to deposit if I can't cash out!!!!!

any non us players successfully cashed out of stars???

Ive made a withdrawal on stars, via direct bank transfer. Got both confirmation emails (within like 30 mins) saying withdrawal approved and credited to my bank account . Appears business as usual to me for non US players atm

i tried to wd $ from FTP and it's been processed for 2 days now... still no approval or denial...

nothing from ftp in spam, PS mails found there though

Mods can you PLEASE not just shift this thread to the merged thread about this as there are specific non US questions and I want answers which I'm unlikely to get from the merged thread.

http://www.scribd.com/doc/53107543/I...itar-Tom-et-al

Had a read of this and had a proper look at the charges and suggested fines brought towards stars/tilt/UB. It looks like they are tryin to enforce the companies to forfeit any and all assets used in commiting these crimes that are to all the proceeds gained over the years from the US market. Few points that grabbed my attentions.

1st basically a fine broken down to $1.5bln for stars, $1bln for Tilt , $.5bln for UB. It then points out:

the defendants shall forfeit to the united states all property, real and personal that consitutes and is derived from proceeds traceable to the commision of these gambling offenses including but not limited to the following:
all of the defendants right, title ad interest in the following entities and business:
Then it proceeds to list like 25 companies associated with the criminal activity incl. pokerstars, Fulltiltpoker, Ultimate Bet, pocketkings LTD. (Tilts headquarters based in Ireland)

all of the defendants rights, titles and interest in funds and other property held in the following domestic accounts:
Then lists a stupid number of bank accounts all over the world.

OK so this wont actually happen til the court case is settled I'm assuming, so does this mean they should have no problem processing cashouts until then? Or will there be a freeze on these holding accounts shipping money right now?

Also what does this mean for the future? when this case goes through, everyone with cash on these sites gonna just lose everything? All gonna be forfeited because it was used to facilitate illegal gambling operations within the U.S?

Maybe I've misread somewhere along the line but this is what I've taken from this. If this is the case get your money off really fast and pray the holding accounts with the bulk of their money are not the accounts seized here?

Has any non US player had a succesful transaction since this all began? I shipped a small sum from stars to neteller yesterday and that cleared to neteller, and a bank transfer from Tilt went from "processing" to "accepted". Does this put me in the clear? on the other hand. other transfers from TILT and UB to neteller have been processing for a long time. So dont know how to feel.

Obv I'm not just gonna say "Tilt and Stars say our money its safe so it must be safe" because they have PLENTY of reasons to lie to us about the security of our funds....

I'm thinking maybe the neteller transaction is a big green light for stars players but not so sure on the rest. US Players I feel for you all and hope this shit all gets cleared up ASAP

PS. I may have missed some important shit in that link I gave you. no law degree or any shit like that so might have done..
Thanks in advance.
Mcschnucks1

 

Originally Posted by kingcoza1

Wow what a Sunday to not play poker. Come into work to get emails from mates saying get money out asap. My small roll of $4k will be withdrawn tonight from stars I think.

I have seen reports suggesting non us side of things is safe but the us have some crazy laws that allow them all sorts of powers and there is nothing to say the euro sites won't be seized as far as I can see yet.

surely the poms wouldnt let the yanks tell them what they cant do

 

Originally Posted by kingcoza1

No concern over the games. More the assets of stars, including my money, being held as proceeds of money laundering cash.

Pokerstrs Europe will easily continue but the sites might have issues with players money between now and the resolution of this mess.

i guess that depends which country there funds are held in trust. they should be able to cover all chips in play

anybody have luck with moneybookers?

i doubt the FBI can just take the money of the pokerrooms in question... yes, they were breaking US law, so what. this money belongs to legal european, canadian, asian players in a large portion... FBI seizing all of the money would mean that USA is stealing from other countries... Our money have nothing to do with their mess, and was legally earned... don't know if it works this way, but it should...

 

Originally Posted by wackyJaxon

It doesn't exactly work this way, but I doubt the countries in which the funds are held are going to give into the US demands to have the banks closed/seized since gambling is fully legal there and the WTO is less than happy with what is going on as well. I could be wrong here, but this is my interpretation.

I could be wrong but here is what concerns me.

Firstly the US gov are treating the act as a crime and as such winnings are proceeds of a crime and moving this money is therefore money laundering. As soon as they bring it into money laundering I am concerned because I used to work in a bank around 8 years ago when the US introduced legislation called the patriot act. This was a bill set up to allow the US to sieze monies in such circumstances they deemed appropriate and the entire EU signed up in agreement. The aim of the bill was to stop Al Queda etc money laundering so using it here would be against the spirit of the law but not unthinkable- remember during the bank collapses the uk used terror legislation against Iceland successfully!

All in all I am still somewhat concerned but a whole let more relaxed than I was 7 hours ago when my mate told me about it after I took a weekend break from the pokers.

Good point King, its one of the reasons I am just keeping playing money on, and taking most other money off or onto party/betfair. F Betfair though, so probably mostly on Party where I have a security token.

 

Originally Posted by kingcoza1

I will be doing the same mate. Moved my entire roll bar $2 out this morning.......I will be making small deposits to play from now on. Just means I might get shafted on exchange rates until this mess is over. Plus my ROI on Euro sites is miles better than stars etc so might be better for me!

You can get your neteller changed to USD from GBP. I haven't done so yet with mine, still stuck in GBP because they require you to open a new account. This will make the exchange mess go away as long as you are playing on sites that are denominated in USD.

new zealand player, i cashed out on black friday (sat nz time) on full tilt to neteller. still hasn't been processed. getting a little worried and wondering what's up. anyone else in a similar situation?

 

Originally Posted by kingcoza1

I could be wrong but here is what concerns me.

Firstly the US gov are treating the act as a crime and as such winnings are proceeds of a crime and moving this money is therefore money laundering. As soon as they bring it into money laundering I am concerned because I used to work in a bank around 8 years ago when the US introduced legislation called the patriot act. This was a bill set up to allow the US to sieze monies in such circumstances they deemed appropriate and the entire EU signed up in agreement. The aim of the bill was to stop Al Queda etc money laundering so using it here would be against the spirit of the law but not unthinkable- remember during the bank collapses the uk used terror legislation against Iceland successfully!

All in all I am still somewhat concerned but a whole let more relaxed than I was 7 hours ago when my mate told me about it after I took a weekend break from the pokers.

I feel like this make a lot of sense...

I LOL when the patriot act have been signed in the US, I don't want to play the devil out of this but what happened last week-end is just the beginning IMO, these are the first tentacles of this anti-freedom octopus that is the patriot act...

Does anyone know more accurately what consist the agreement signed by EU ???