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In recent weeks, many players have reported issues trying to cash out of Full Tilt Poker, the world’s second largest online card room. Chase Bank has been indicated as one of the said banks.
Full Tilt Poker is currently embroiled in a massive investigation into online payment processors. The US Attorney’s office out of Baltimore, Maryland is overseeing the investigation. Two men accused of processing checks for Full Tilt have agreed to cooperate with US officials.
Martin Loftus, a 49-year-old California man, pleaded guilty in U.S. District Court in Maryland on Jan. 19 to one count of laundering money in relation to online gambling.
James Davitt pleaded guilty earlier in the month to one count of conducting a gambling business.
Another man, Daward Lee Falls, is noted in court documents as having made “arrangements with representatives of Full Tilt Poker to make payments by checks to gamblers in Maryland and elsewhere,".
A fourth man, Michael Garone of Georgia, was sentenced in Maryland in December to a year’s probation in connection with the ongoing probe. He is cited as having had relations with Bodog.com, another online poker enterprise. Garone was also among the first names mentioned as part of the investigation which began more than two years ago.
“We’ve had a ton of traffic coming into the Gambling911.com website related to this issue in recent weeks,” notes Payton O’Brien, Senior Editor of the Gambling911.com website.
Reader feedback has been posted on Gambling911.com and the popular poker forum TwoPlusTwo.com.
One Gambling911.com reader offered this:
Re: Poker eChecks Problem Limited to Full Tilt, PokerStars
Mon, 01/10/2011 - 17:12 — Guest
the problem is these online sites used fake names to withdraw money out of our echeck accounts now the banks caught on and are not releasing the money to echeck to basically the poker sites want u to pay another way in order to keep playing because they just got screwed out of alot of money for 3months my account is negative 1600 even tho i have money in my bank account they wont release any to pokerstars its good and bad if u want the freee play time and money them good for u if u want to keep playin on ur poker site then u gotta pay them wat hasnt cleared in another form besides echecks i say screw em its a sign just to go to atlantic city lol
Full Tilt Poker apparently has other methods of paying players and is said to be working with alternative payment processors.
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