re: Poker & The Truth Behind Seized Poker Sites (the real reason)
The US passed the SAFE Port Act http://en.wikipedia.org/wiki/SAFE_Port_Act
which at the last moment had the Unlawful Internet Gambling Enforcement Act of 2006 (or UIGEA) added to it at the last minute. This "prohibits gambling businesses from knowingly accepting payments in connection with the participation of another person in a bet or wager that involves the use of the Internet and that is unlawful under any federal or state law.
" This means that it is illegal for banks and websites to handle or process any deposits, withdrawals or profits from all online gaming, including Poker.
along with others decided not to stop operating in the US but banks would now no longer do business with them, it's a federal offence. To get around this they began to launder money and commit fraud.
"Money laundering is the practice of disguising the origins of illegally-obtained money. Ultimately, it is the process by which the proceeds of crime are made to appear legitimate."
"In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual."
They did this by committing the crime of operating a poker site (it's a crime whether you believe it should be or not) and processing the financial transactions that go with it. They can't deposit profits or deal with banks in any way so they send your cheque to John in Paraguay who then sends it to you. This is money laundering and fraud by definition. The US takes that shit seriously and they went after those responsible.
They also coerced banks to accept illegal profits, made false bank accounts to store their own illegal profits and due to these covert actions created a "massive financial black-hole" of missing and untraceable money.
"source specifically told him that the "black hole" was the main motivating factor behind the crackdown."
That's the entirety of it. Pokersites commited crimes, the registered owners and operators are being indicted for them, it's as simple as that.