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Poker site online gives blow $ 300 million, says U.S. court

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Full Tilt Poker is accused of operating as a Ponzi scheme. 
owners used money from user accounts to pay their own salaries.

The Department of Justice of the United States discovered a fraud scheme in poker site online “Full Tilt Poker,” and fired executives criminally responsible for the page.According to the article “Wall Street Journal,” the owners used the site for money laundering.

“This is not a poker site, but rather a global financial pyramid scheme,” said a statement signed by the prosecutor of the State of New York, Preet Bharara.

Poker site housed coup, the second Justice  of the United States

Poker site housed coup, the second Justice of the United States


According to estimates by the U.S. court, the portal would have taken $ 300 million of players who were victims of the coup.

To play, users buy virtual chips by depositing money into accounts controlled by the site, which promised that the values ??would be available for withdrawal at any time. The amount, however, was immediately used to pay premiums due to other players and the pay of executives, including professional poker players.

In March, the company had about $ 390 million players worldwide. Part of this amount has been paid, but the company still needs to repay $ 300 million, according to Justice.

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