FBI Arrests Former NETELLER Executives

Card Player Online ^ | Tuesday, January 16, 2007 | Card Player Online

[traviskicks]

'The pay pal wars', a book detailing the history of pay pal, founded by a libertarian, talks about how they were tempted to go down the gambling route early in their history, but a combination of regulatory uncertainties and employee moral led them to instead become a parasite on Ebay, until they were bought out by Ebay. Looks like this company filled the 'nitch' they left, and, unfortunately, they are now in jail.

[balch3]

as well it should.

[tpaine]

"-- So specifically what law did they break, when did they break it, and where were they at the time? --"


Our tinpot Congressmen & Senators are convinced that any Congressional 'finding' can be ratified as US Code.
Until they are declared unconstitutional, such codes are 'laws of the land' and anyone, anywhere, who breaks US Code can be prosecuted if & when they can be found within the USA.

They are then granted a trial before an uninformed jury sworn to obey the judges instructions about the law of congressional findings, found guilty, and allowed to appeal.

If the appeal fails, the SCOTUS like as not will refuse to hear the case.

Catch 22. -- It's a hellofway to 'support & defend' our Constitution, but we let ALL of our sworn officials get away with it..

[mugs99]

People didn't cross party lines in droves over the stupid Internet Gambling law

I did.
.

[frogjerk]

You voted democrat or libertarian?

[SubGeniusX]

People didn't cross party lines in droves over the stupid Internet Gambling law.

"droves" weren't necessary, this past election... enough did ...

[bamahead]

This is an insanely dangerous precedent if the Feds get their conviction.
These guys did not run a gambling site...they ran a payment services company, and are now being indicted solely on the basis of their association with online casinos.

[Phantom Lord]

If a conviction is obtained and then upheld, using the logic and reasoning of the prosecution, couldnt then executives of PayPal and eBay be prosecuted as accessories to fraud for facilitating the payments for fraudulant transactions?

[jpl]

One could argue that in theory, any executive of any banking institution anywhere in the world that accepts American funds and didn't follow our policy would be subject to potential arrest! The only alternative would be to make it completely illegal for Americans to move their money offshore.

I couldn't imagine a more ridiculous precedent, or one that would needlessly infuriate the few countries left that are actually still friendly to us.

[mugs99]

Libertarian

[spunkets]

"If a conviction is obtained and then upheld, using the logic and reasoning of the prosecution, couldnt then executives of PayPal and eBay be prosecuted as accessories to fraud for facilitating the payments for fraudulant transactions?"

Yes, however they've left the cc companies and these companies alone for some reason. ATT was sued for sale of 900 numbers to racketeering ops, and ops providing "illegal in some States" sweepstakes.

The crime is collection, or facilitating the collection od illegal debt under 18USC(I)(96)1962. The illegal debt comes from a racketeering op under 18USC(I)(95)1955 See also 18USC(I)(95)1952 for the crime of interstate, or foreign travel to facilitate the racketeering enterprise.

[justincass]

Does anyone know how exactly foreign minority shareholders can be sued for the actions of the company they own stakes in?

[doc30]

This is crazy. Arresting people for conducting business which is legal where they reside. What about shareholders in this company? Should they be jailed, too? It would be like charging internet providers for letting pedophiles have kiddie porn or the telephone company for people who make threatening phone calls. Ridiculus!

[TUAN_JIM]

Because it was sneaked thru Congress is a major reason why it was not a reason for the GOP loss. Even though every vote counts the GOP a best lost a handful of votes because of this stupid legislation.

I don't believe that you are aware of the numbers of organized online players who lobbied against this bill. And then became politically active in opposition to the bill's proponents. It is quite a number that were driven across the aisle.

I agree. I don't think people who don't play poker realize how many people were infuriated by this. Just read the posts on any poker forum. There are many former GOPers swearing off the party. They may not be angry enough to vote Dem, but they are pissed enough to stay home.