Originally Posted by LizzyJ
If this ever gets to trial, this is going to super complicated. The government is looking at RICO, the Wire Act and UIGEA violations. Plus most of Full Tilt's businesses are set up overseas, offshore and in an Indian reservation, so there is going to be jurisdiction issues as well. I'm surprised the IRS has been snooping around. All this posturing because the government can't tax Full Tilt's revenues.
Disclaimer: I'm not an attorney (& I don't play one on tv either ).
As a reminder, a grand jury decides if
there is a probable cause to indict (accuse) individuals or corporations on criminal charges based upon the evidence presented.
Even though PartyPoker exited the US market, following the passage of the UIEGA in OCT 2006, in 2009 they agreed to pay a $105M fine as part of a non-prosecution deal with the US DoJ.
IMHO, this current Grand Jury investigation is occurring @ an inopportune time -- potentially collecting a fine from Full Tilt is like killing the goose who lays golden eggs >>> in the long run, on-going tax revenue would far exceed any fines.
The Wire Act of 1961 (the basis of the 'money laundering' charges) is sorely in need of revision to include the technological advancements that have occurred since it was enacted.