Feds seize $24 million in Bodog account

Has anybody read this article. The Feds have seized 24 million in Bodogs account from U.S Banks.

This may be why some people are having their checks from Bodog bounce.

Feds Hound Bodog - Forbes.com

Calvin Ayre, Bodog and the player account funds the have been seized, have done nothing illegal. The banks involved however are the ones breaking US laws. Funny how they can lose trillions of dollars in the sub prime mortgage market and the US government bails them out with YOUR tax dollars, but screws you and them because you won a few dollars at poker. The world's gone mad.

Yes, from the article it sounds like they have been after Calvin Ayre since 2003, way before this became law and they have used this law to get a hold of some of what they believe is his money. This is what they resorted to when catching Al Capone. They had to use income tax evasion to nail him.

Phew my money is safe then

i cant log into bodoglife right now. HUH.

Here is a followup email from Bodog I received:

Thanks Nick, looks like were safe for now, tomorrow might be a different story, who knows, ok,,,,,,,,,,,,,,,,,,,,,, buck

I would still be pretty darn scared to be playing on Bodog ... even before there were reports here of people having checks bounced. It was reported in the article too ...

Also getting money IN isn't a big deal right? It's getting the money OUT that should have everyone concerned. I think we all should closely monitor this situation ... obviously Bodog is "different" than pokerstars or fulltilt since they do full sports gambling (wagering on sporting events, etc). Still, this sets a really scary precident. It's funny now though that there are a ton of bills coming to congress that raise "billions of dollars" for the country and it all comes from regulating online poker.

I'm alittle confused. So what they are saying is the U.S. player is not in any danger of losing their money at bodog. (except when they lose it at the table lol) Bodog is the only site I have had trouble making a withdrawl. They had no problem taking it out of my credit card but, when it came time for me to make a withdrawl they wanted so much more personal info. I don't see why they should need any different or more information if the money is coming or going out.

i like to stick with well run, popular, large programs. i may play less poker because of it but at least i know my money is safe. the big porgrams are trustworthy, like full tilt and pokerstars. there have been many sites that have fraud issues, you just have to be informed and prepared for issues.

Anyone withdrawing from bodog now??

I still dont get why online poker isnt regulated by the govt, and perhaps taxed so they can stop complaining? After all, it is not gambling because poker is A GAME OF SKILL. California state law has it right!

whats messed up is they dont even payout for 2 weeks! and uncle sam? boy are his priorities messed up! dont get me started