Feds: Full Tilt Poker site was Ponzi scheme, customer accounts were looted of $440 million
http://dervishcom.blogspot.com/2011/09/feds-full-tilt-poker-site-was-ponzi.html
NEW YORK — An Internet poker company that was blocked from operating in the U.S. in the spring as part of an online gambling crackdown was "not a legitimate poker company, but a global Ponzi scheme," federal prosecutors said Tuesday.
The popular Full Tilt Poker website illegally raided player accounts to fund operations and make lavish payments to its owners, Justice Department lawyers said in a revised civil lawsuit filed in New York.
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Source: http://feeds.washingtonpost.com/click.phdo?i=7fe5c5ecc9aaf537a3772294d5cff893
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