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Jason Mitchell (CC-BY-ND)

Poker ‘Ponzi Scheme’ Bagged $440 Million, Says DOJ

Federal prosecutors Tuesday accused Full Tilt Poker, an online gambling operation, of running a global Ponzi scheme that siphoned $444 million from player accounts to pay off celebrity board members and cover business expenses. (more)

Posted on Sep 20, 2011 READ MORE  |  1 COMMENT


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Gambling for California’s Future

In case you hadn’t heard, the Golden State ain’t so golden these days, and Gov. Schwarzenegger is having a tough time finding a way to yank California out of a yawning financial hole. This is where gambling comes in.

Posted on Aug 4, 2010 READ MORE  |  1 COMMENT


Rep. Barney Frank

Rep. Barney Frank Rails Against Anti-Gambling Bill

The Democratic congressman from Massachusetts slams the GOP for its attempt to legislate morality in the realm of online poker (while Republicans hypocritically protect other forms of gambling). Money quote: “If we were to outlaw for adults everything that college students abuse we would all just sit at home and do nothing!”

Posted on Jul 11, 2006 READ MORE  |  1 COMMENT


Molly Ivins: The Best Little Whorehouse in Washington

“If you expect me to pass up a scandal involving poker, hookers and the Watergate building with crooked defense contractors and the No. 3 guy at the CIA ... you expect too much.”

Posted on May 8, 2006 READ MORE  |  47 COMMENTS


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