Comments on: Online Poker Payment Processor Indicted in New York

By: ronjones

ronjones — Tue, 18 Aug 2009 04:24:30 +0000

Why is everyone so quick to believe this guy is guilty of bank fraud? First off there is no way you can process 500 million in checks and not know what they are for. You’d think after the first 100 million the bank might do a more detailed due diligence if a only a general business description was given in the beginning? The wires also were coming in by the millions from Cyprus (a know online gambling haven). What else could the bank possibly think those checks were for? Also when it comes to fraud there has to be a harm. In this case the banks likely made millions in fees. Uh, how were they hurt? In turn the banks would have paid hundreds in thousands in taxes to the government. Uh, how was the government hurt? Also fraud requires a proper due diligence in order for you to be a victim. Given the large volume and the fact this went on for years, the banks obviously did zero due diligence if they truly had no idea what the checks really were for (which is IMPOSSIBLE that did not know). This fraud charge is a distraction because the SDNY is petrified to take on a poker case. They trumped up these charges and brilliantly spun it in the press. Anybody who has judged this person without thinking about everything I just wrote should be ashamed. All he did was put money back into the hands of American citizens who essentially were playing a video game in the comforts of their homes. Should someone doing that go to jail? The banks were all in on it and are now playing dumb to cover their own hides. They should also be ashamed.

By: a friend

a friend — Fri, 07 Aug 2009 16:34:42 +0000

A SAD DAY for Poker Players
Doug Rennick put thousands of dollars back in the U. S. Economy trying to put together the best payout system to get poker players their money and somehow our government goes after him on bogus charges that he is into gaming business and laundring money.. which he is not. He has never laundred monies always came direct from the poker site to the banks in the U.S. to be paid out directly to the Players, Yes the people running the operations got a cut of the money but paid their taxes and so did Doug. OK maybe the banks were not told directly it was for payouts in Poker but as millions went into and out of the bank they ended up knowing months ago where it was going and where it came from and they made thousands of dollars taking on these accounts. The Poker money was seized illegaly and now the FBI , HomeLand and who ever else that has egg on their face has to try to make something out of nothing to cover their asses.. Yes its a good thing you put Presumed innocent until proven guilty because you are in need of some correct info to get this job done.. and hey go after the crooks who are sucking money out of American pockets and our banks for forged checks and counterfitting scemes.. Stop not picking on people who are helping our economy thirve and paying your salaries. SAD SAD DAY for tax payers to have their tax dollars wasted on the Lawyers and Judges and Jurys going after the good guys.. Give Poker Players their money back and go after real criminals..