Money Poker Sites
Jose “Girah” Macedo’s fall from grace was fast, epic and took place in front of the online poker community and download free poker site users. His reputation was quickly destroyed, as well as those of his backers, Haseeb “DogIsHead” Qureshi and Daniel “Jungleman” Cates.
Macedo vowed to pay back the $30,000 he scammed from the players that fell into his scheme. But recently Lock Poker, a site that offers plenty of poker bonuses, announced that it was going to pursue legal action against Macedo.
Before the scandal unfolded, Macedo had gained a spot on Lock Poker’s Elite Pro team. This position was taken away after the accusations and admission of guilt that followed, however. Most observers assumed this would be the relative end of the story as Macedo would most likely disappear after paying back his victims.
However, Lock Poker’s Cardroom Manager Eric “Rizen” Lynch took to a poker forum and announced Lock Poker’s intentions to pursue legal action against Macedo. Lynch went on to further state that something would be filed in the near future, at…
Read MoreThe US government handed out a nine-count federal indictment to eleven people involved with PokerStars, Full Tilt Poker, and AP/UB. The charges include bank fraud, wire fraud, and money laundering. The eleven people charged were either involved with the money poker sites or with payment processors.
Bradley Franzen, one of the people charged, has pleaded not guilty to a US magistrate in New York. Franzen, a payment processor, has been accused of creating fake companies and websites in order to hide the fact that payments were going to poker sites. He is also accused of tricking banks about these transactions.
Franzen surrendered to FBI agents in New York on April 18th. He was released on a $200k bond that was secured by the home of his parents. If he is convicted of conspiracy to commit bank and wire fraud, he could receive up to 30 years in prison.
Chad Elie, also a payment processor of online poker rooms, has also pleaded guilty. He was arrested in Las Vegas on April 15th on counts of money laundering, bank fraud,…
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