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Is there any reason I could get in trouble for this? Input greatly appreciated....

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  1. eg23 eg23 is offline

    Canada

    Posts: 1,442
    Joined: Apr 06

    Nov 16th, 2010 (11/16/2010 10:51pm)

    Heres my situation. I have money on Fulltilt and want to get it off the site quickly enough for BCPC... Is it alright if my roommate opens an account on FT and I transfer him money for holding purposes? He will not be playing or at least most likely not as he is not into poker.... It is up to him what he does with the money because it will essentially be his after he gives me cash. What do you guys think? Thanks for any responses.
    Edited By: eg23 Nov 16th, 2010 at 10:56 PM
     
  2. The Baby Bull The Baby Bull is offline

    Los Angeles, CA
    United States

    Posts: 576
    Joined: Dec 07

    Nov 16th, 2010 (11/16/2010 10:57pm) in reply to eg23

    FT might not let him withdraw the money until he plays a certain amount of hands. Most sites have some policy of this sort to try to prevent money laundering.
     
  3. eg23 eg23 is offline

    Canada

    Posts: 1,442
    Joined: Apr 06

    Nov 16th, 2010 (11/16/2010 11:01pm) in reply to The Baby Bull

     
    Originally Posted by The Baby Bull View Post

    FT might not let him withdraw the money until he plays a certain amount of hands. Most sites have some policy of this sort to try to prevent money laundering.

    Thanks for the response Baby Bull... I figured this might be the case which would be terrible... Sorry for cluttering the boards with this stuff its just that FT support wont get back to me.
     
    Thread Starter
  4. humdinger1 humdinger1 is offline

    Ireland

    Posts: 174
    Joined: Oct 09

    Nov 17th, 2010 (11/17/2010 1:08am) in reply to eg23

    just withdraw from ur own account and then give to ur m8
     
  5. unta unta is offline

    Tempe, AZ
    United States

    Posts: 568
    Joined: Mar 06

    Nov 17th, 2010 (11/17/2010 5:36am) in reply to humdinger1

    right nows the time to cashout, I just got a wire in like 12 hours from full tilt...unreal
     
  6. Poker Orifice Poker Orifice is offline

    Canada

    Posts: 576
    Joined: Jun 08

    Nov 17th, 2010 (11/17/2010 6:13am) in reply to unta

    Not sure but if he deposits on Fulltilt but 'doesn't' take the sign up bonus offer, then I don't think he has to earn any specific number of pts. to make a withdrawl. I wouldn't know... this is just my understanding of it (sure many others on here will know).
    Do you have any friends who'd want to just buy Fulltilt $'s off of ya? Any local games I go to where I live there's always a bunch who are looking to buy FT $'s.
    gl at BCPC this year! Doesn't look like I'll be going.. sigh
  7. PascTheRasc PascTheRasc is offline

    Hove
    United Kingdom

    Posts: 40
    Joined: Feb 07

    Nov 17th, 2010 (11/17/2010 8:59am) in reply to Poker Orifice

    Pretty sure that wihout verifying the account by providing ID and associating and verifying a payment method they won't let you set up an account and withdraw a transfer, especially without playing any games. Money laundering prevention is the reason. The grey legality for online poker is bad enough, if the sites were seen to allow easy transfer of money without any checks, then they'd get shut down super fast and Lederer et al would be nailed to the mast very quickly on RICO charges etc.

    Why can't you withdraw yourself? On paper it looks slightly dodgy, even if there's no ill intent.
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