Ethics

Follow Up on Seizure of Online Poker Funds

By Ed Brayton

The Poker Players Alliance has updated their response to the seizure of some $30 million by the U.S. Attorney for the Southern District of New York with some interesting new items. For instance, they say that the seizure was done on the basis of the Wire Act:

We have been advised that the action taken by the Department of Justice was NOT an enforcement action based on the UIGEA. Since the regulations have not yet taken effect, the DOJ could not use them as a basis for action. It is important to note that the UIGEA regulations do not try to restrict payouts only deposits to "unlawful Internet gambling" sites.

Full post as published by Dispatches from the Culture Wars on June 23, 2009 (boomark / email).