Pokerstars CEO Pays $50mil to Settle with DOJ

Mark Scheinberg is going to pay the DOJ $50mil to settle Black Friday forfeiture claims.

Wonder how much that leaves him in his bank account? lol

http://calvinayre.com/2013/06/12/bu...cheinberg-settles-black-friday-civil-charges/

Well, good for the DOJ, glad they could profit from online poker.

stado said:

Well, good for the DOJ, glad they could profit from online poker.

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interesting , but the artical doesnt really give us any reason why he would be willing to give up 50million when he isnt charged with anything. strange

kmbpoker said:

interesting , but the artical doesnt really give us any reason why he would be willing to give up 50million when he isnt charged with anything. strange

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That's exactly why he's handed over $50m.

He wants to try to make sure pokerstars is able to get back into the US market one day.

dakota-xx said:

He wants to try to make sure Pokerstars is able to get back into the US market one day.

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I'm cool with this.

Interesting ... 50 millions ... leaves me speechless ... congratulations .... I wish I had and I 10% of his profit and I would still be happy)))

TheKid84 said:

I'm cool with this.

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I agree. I live in canada myself, but the more the marrier

So with both the $731m and $50m deal, all civil claims by the DOJ are settled in full and no civil actions can be taken against Pokerstars or anyone who worked for Pokerstars in regards to this matter.

Now, will the indictment of Isai Scheinberg still get in the way of Pokerstars returning or is that completely separate? Does he have nothing to do with Pokerstars now?

cool, settled! good

we will see stars back to US soon?

XXPXXP said:

cool, settled! good

we will see stars back to US soon?

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No - not unless you live in one of the few states likely to bring it in on their own.

no pokerstars in the u.s. is so annoying missing huge tourneys and even the billionth hand promotion that was sick

why does beckley go to jail for 14 months ? and scheinberg get to make a deal?

tells you who really owns this country.

Sheesh that's a ton of cash. But I'm sure he has money still. But he would have double it if he let's US players play

XDavidX808 said:

Sheesh that's a ton of cash. But I'm sure he has money still. But he would have double it if he let's US players play

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Probably not worth it.

After currency exchanges and paying processors (extra because its illegal). Processors just stealing the money is a possibility. (you going to call the cops when a drug dealer doesn't give you weed after you paid him?) US banks declining credit card deposits (very likely). Foreign checks at US banks are also a nightmare. Bouncing and outrageous fees, long fund holding times. Western Union and Money Gram blacklisting players and processors.

Paying extra support to deal with all these headaches.

*This next part is speculation*
The above may be why Lock poker is having issues.
*End speculation*

Pokerstars had a system that was easy and profitable and that was taken away.

Mark? Is that Isai's brother or did he change his name?