Thursday, April 21, 2011


WILL GET THEIR MONEY BACK - Federal prosecutors in Manhattan may have declared war against the world’s biggest online poker companies, but the two sides are working together to return funds belonging to U.S. players.  The government will allow PokerStars and Full Tilt Poker to use their web sites to facilitate the withdrawal of U.S. players’ funds held in accounts with the companies.  The five-page domain-name use agreements with PokerStars and Full Tilt Poker will also let the poker companies continue to use their domain names to offer for-money online poker games to players outside the U.S.  In return the world’s two biggest online poker companies have agreed not to facilitate for-money poker games for U.S. players and to let an independent monitor verify their compliance with the deal.  Last week the U.S. Attorney, shut down the online poker industry in America by seizing five Internet domain names, used by the three main companies facilitating online poker games in the U.S.

In addition, a federal judge issued a restraining order against 76 bank accounts in 14 countries utilized by those online poker firms and their payment processors. The crackdown included the unsealing of an indictment against 11 individuals, including Isai Scheinberg and Raymond Bitar, the founders of PokerStars and Full Tilt Poker, which accused them of operating illegal gambling businesses and conspiring to commit bank fraud. The deals, which were struck between the feds and the online poker firms yesterday, will likely bring relief to U.S. online poker players who feared they would lose or be unable to access money they had deposited but now the U.S. players can withdrawal their funds.

Gambling or betting is not a harmless game neither for those rich addicted to it - nor for the poor or young who get hooked on its false lure of easy riches.   So it was heartening last week to see the Obama administration finally go after three of the largest Internet poker companies.   The indictments are bank fraud, money laundering and illegal gambling.  Internet gambling isn’t like going to a casino.  Compulsive gamblers and teenagers can’t be screened at the door.  And it’s all too easy to click away a few thousand dollars in an instant. That’s why the US Congress decided to outlaw it.

Gambling opens the door to all types of deceit.  Whoever doesn't dedicate his life to gambling understands that all work and each responsibility has its own fruit.  To gamble means not to know why one is living. The risk of wasting our human life is too great.  The only game of authorized chance is the game of self realization.  Responsibility and honesty get lost simultaneously when playing with money. The illusion of betting is that one can win something good, effortlessly. The idea of good luck contradicts the law of karma.  Time that is lost in gambling should be devoted to improving family relationships, because the family is our best treasure.  One has no right to put others in anxiety, the well-being of one's beloved family is at risk. No one will find blessedness in games of chance, nor in material gain.

House of Wisdom :
"Gambling - The real fortune is inside of you"

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