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How are high stakes pros getting around the law?

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  1. Bomsy Bomsy is offline

    United States

    Posts: 25
    Joined: Oct 07

    Jan 3rd, 2008 (1/3/2008 10:02pm)

    How are people like Townsend wiring money to/fro ftp and stars? And how are they allowed to multiaccount(using secret accounts to hide their identity, he's blogged about using it from time to time)? Does a $5mil br make you king of the hill?
  2. KCKyle KCKyle is offline

    Kansas City, MO
    United States

    Posts: 3,060
    Joined: Sep 07

    Jan 3rd, 2008 (1/3/2008 10:06pm) in reply to Bomsy

    1one of my favorite restaraunts is called giancarlo's.....kind of a quinky dink really

    2and anyone can have their deposit limits increased...id say having a million+ hands logged at 50-100++ qualifies you to deposit as you please

    3why do you care?
  3. grapsfan grapsfan is offline Head Curmudgeon

    Rosemount, MN
    United States

    Posts: 7,980
    Joined: Jun 05

    Jan 3rd, 2008 (1/3/2008 10:07pm) in reply to Bomsy

    It's not completely about hiding your identity...in those circles, I think people figure out who each other are fairly quickly.

    I know at one point (not sure if this is still true or not), FTP had a max limit you could carry on one account. So David Benyamine, Eli Elezra and non-FTP pros had multiple accounts to increase the amount of money they could have on the site.
     
  4. Bomsy Bomsy is offline

    United States

    Posts: 25
    Joined: Oct 07

    Jan 3rd, 2008 (1/3/2008 10:38pm) in reply to grapsfan

    How are they wiring money? offshore accounts?
    Thread Starter
  5. macleod51 macleod51 is offline

    Las Vegas, NV
    United States

    Posts: 3,164
    Joined: Aug 06

    Jan 3rd, 2008 (1/3/2008 10:41pm) in reply to Bomsy

    They invest in nutrigrain bars. All the high stakes pros do.
  6. werd2u werd2u is offline

    Kansas City, MO
    United States

    Posts: 806
    Joined: Feb 07

    Jan 3rd, 2008 (1/3/2008 11:12pm) in reply to macleod51

    i don't think there is a max for the cash transfer option is there?
  7. peacebrother peacebrother is offline

    Tulsa, OK
    United States

    Posts: 800
    Joined: Feb 06

    Jan 4th, 2008 (1/4/2008 12:29am) in reply to Bomsy

    easy to get money on sites, how do you do it.
    there is always a way
  8. gulfer gulfer is offline

    Virginia Beach, VA
    United States

    Posts: 94
    Joined: Dec 05

    Jan 4th, 2008 (1/4/2008 2:53am) in reply to Bomsy

    Just a guess, but I would think that they DON'T HAVE US banks. Why would they? Everytime you take money back you pay taxes on something the US government doesn't want to let you do. SCREW THEM!!! Get a bank in Europe with an ATM card, etc... and you're all set. Then when they're up 200K or 300K, just send it to that bank.
  9. Admiral Admiral is offline

    Boulder, CO
    United States

    Posts: 8,251
    Joined: Feb 06

    Jan 4th, 2008 (1/4/2008 2:56am) in reply to gulfer

    you just have it all figured out dont you?
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