Arrests in US today involving Pinnacle

[mbrenes]

one thing if for sure, when shit like this happens it NEVER ends well !

[OnkelChris]

After the neteller case and the complete shutdown of internet gambling I do not understand why those people stay in the US at all. Well, land of the free? No way! Land of ridiculous double standards.

[NobodyUKnow]

After the neteller case and the complete shutdown of internet gambling I do not understand why those people stay in the US at all. Well, land of the free? No way! Land of ridiculous double standards.

Because that makes it even more profitable than if it were legal.

[Russian Rocket]

Because that makes it even more profitable than if it were legal.

[swordsandtequila]

No surprise considering bust made from liberal democratic state.

Based on an act signed into law by a feeble minded Texas republican. Just sayin'.

[allin1]

After the neteller case and the complete shutdown of internet gambling I do not understand why those people stay in the US at all. Well, land of the free? No way! Land of ridiculous double standards.

what neteller case? can you provide link? thanks

[Dark Horse]

I'm going to make an educated guess and say that there is no way that Tomchin, or any Pinnacle owner in the US, would be involved in illegal gambling operations. Pinnacle voluntarily withdrew from the US market, and has taken every possible precaution to stay on the legal side of the law. DOJ is making itself ridiculous again, while trying to intimidate gamblers by attacking owners of a top book.

Can we have a line on Tomchin somewhere?

[Shifty]

I'm going to make an educated guess and say that there is no way that Tomchin, or any Pinnacle owner in the US, would be involved in illegal gambling operations. Pinnacle voluntarily withdrew from the US market, and has taken every possible precaution to stay on the legal side of the law. DOJ is making itself ridiculous again, while trying to intimidate gamblers by attacking owners of a top book.

Can we have a line on Tomchin somewhere?

Hope they find 12 jurors who think like you. Looks like these guys are in deep sh*t.

[Monte]

what neteller case? can you provide link? thanks

Rather long ago, 2 of the founders were arrested in the U.S. and charged with money laundering etc.
They had to forfeit ~200 million dollars, and Neteller left the U.S.

[allin1]

Rather long ago, 2 of the founders were arrested in the U.S. and charged with money laundering etc.
They had to forfeit ~200 million dollars, and Neteller left the U.S.

how are they still in business? why are people still using neteller?

[aggie]

how are they still in business? why are people still using neteller?

because they never stiffed anyone, period

i use them and trust them even more after this incident, simple

[allin1]

because they never stiffed anyone, period

i use them and trust them even more after this incident, simple

just because they never stiffed anyone that doesn't mean they wouldn't do it. I wouldn't trust someone who has the guts to break laws and steal through laundering.

[Monte]

just because they never stiffed anyone that doesn't mean they wouldn't do it. I wouldn't trust someone who has the guts to break laws and steal through laundering.

Why are you on a gambling forum then, every book breaks some laws...or at least laws made by the U.S.
They are the ones to blame for playing Rambo, not Neteller.
You know what money laundering is? How can an e-wallet possibly avoid that?

[Bluehorseshoe]

I'm going to make an educated guess and say that there is no way that Tomchin, or any Pinnacle owner in the US, would be involved in illegal gambling operations. Pinnacle voluntarily withdrew from the US market, and has taken every possible precaution to stay on the legal side of the law. DOJ is making itself ridiculous again, while trying to intimidate gamblers by attacking owners of a top book.

Can we have a line on Tomchin somewhere?

Pinnacle has credit agents around the country. Just because they left the post up aspect, doesn't mean they're still not doing business here.

[allin1]

every book breaks some laws...

UK regulated books don't break laws. they wouldn't function if they did

You know what money laundering is? How can an e-wallet possibly avoid that?

there is a difference between you as an owner to do it compared to when your clients do it. what are you on about?

[rosanne]

Guys,
Would be great if someone from SBR could post an opinion. I myself am pretty sure that all is good and money safe, but you never know. However, I made a 4 figgure withdraw and had the money in 15 minutes on my MB account.
Anyway an opinion from the guys with more insight would be greatly appreaciated.
Thanks
Rosie

[Sawyer]

God Bless Pinnacle.

[hockeynut]

Pinnacle's site no longer loads for me. Is it related to this? Did I just lose my balance?

[allin1]

Pinnacle's site no longer loads for me. Is it related to this? Did I just lose my balance?

the site is working fine. you won't lose your balance

[Billy Johnson]

Everyone saying these guys are in "deep shtt" are forgetting these are NY charges. The main guys for Pinnacle are in California. Assuming they really are "owners" of Pinnacle (and we all know the QueensDA would never get anything wrong).

They are going to hire the best defense lawyers in the country and fight extradition with everything they got. We will see this play out over the next couple months to see if they are forced by a California judge to travel to NY to face charges.

[rosanne]

So you people are still using them right now or is it better to lay low and be careful? I still have a large balance with them.
Rosie

[Dark Horse]

Hope they find 12 jurors who think like you. Looks like these guys are in deep sh*t.

Guy like Tomchin, 67 with a 4 million dollar mansion, doesn't need the extra action a few agents might bring in. He has no motive. So he's either stupid, or the DOJ is stupid while trying to scare easily intimidated people in the process. Easy choice. Especially when you add that Pinnacle does everything within their power to keep US players out. Not to mention to obvious gap in intelligence between a former pro gambler and these law enforcing fascist dimwits.

[NEW_WORLD]

hmmm i don't undertand, is pinny still safe or not?

[Monte]

Just got a 9k Euro Neteller withdrawal in ~2 minutes, uh looks still good to me

[rosanne]

Just got a 9k Euro Neteller withdrawal in ~2 minutes, uh looks still good to me

STILL, hope it stays that way.
Does someone have any new information regarding this case?

Rosie

[allin1]

STILL, hope it stays that way.
Does someone have any new information regarding this case?

Rosie

http://www.sportsbookreview.com/sbr-news/pinnacle-sportsbook-makes-statement-cantor-gaming-arrest-5596/

<iframe width="560" height="345" src="http://www.sbrforum.com/video/embed/?videoId=11972" frameborder="0" allowfullscreen></iframe>

[rosanne]

http://www.sportsbookreview.com/sbr-...g-arrest-5596/

<iframe width="560" height="345" src="http://www.sbrforum.com/video/embed/?videoId=11972" frameborder="0" allowfullscreen=""></iframe>

Dude, I meant "new information"?

[Monte]

You shouldn't worry too much, if we cannot trust our money with Pinny it's time to stop trusting anyone.
There are always some minor risks, but with Pinny and this story changes nothing for that, they are as low as it gets.

[bookie]

http://www.sportsbookreview.com/sbr-...g-arrest-5596/

<iframe width="560" height="345" src="http://www.sbrforum.com/video/embed/?videoId=11972" frameborder="0" allowfullscreen=""></iframe>

"at this time"...that seems like an alarmingly cautious thing to say.

[fazenda]

The three owners of gambling website Pinnacle Sports also arrested...

Son of New York mob boss 'Vinny Gorgeous' among 25 busted in five-state gambling probe

• Vincent Basciano Jr charged in connection with 'mob-linked enterprise'
• The three owners of gambling website pinnacle Sports also arrested
• NYPD claims members of the group 'made threats' to collect money
• Basciano's father serving life sentence for ordering gangland hit

Read more: http://www.dailymail.co.uk/news/arti...#ixzz2Agiapnty

[rosanne]

Are we safe here or is it better to wait and see what happens?

[ronald]

Are we safe here or is it better to wait and see what happens?

Monte and many others (including myself) continue to report timely payouts from Pinnacle (and LARGE sums in many cases).

Are you safe? Who knows. Analyze your own risk tolerance and go from there.

[indio]

Hope they find 12 jurors who think like you. Looks like these guys are in deep sh*t.

The chances that any of these "charges" going to trial are remote. This is basically a cash grab for the feds and a publicity stunt ordered by the AG under the orders of someone. If you're still not aware of how the process works in arrests like these let me enlighten you.

A. The Feds bust a group of people and steal millions of cash and property.

B. The Feds alert the press who write sensational stories of "mob connections" and "offshore ownership"

C. The Feds threaten these people with prison terms of 25 years.

D. The Feds offer a deal to those looking at 25 years with 3 month sentences at a federal country club in exchange for an admission of guilt, surrendering of all seized assets, and as much information as they can give on others in their "operation".

E. The Feds hold a press conference announcing the guilty pleas of all involved, and tell the American people once again of how they got the bad guys who engaged in activities that could possibly launder money for terrorists, and ruin the fabric of society.

F. The Feds take the millions they stole, and buy new riot gear, tanks, and automatic weapons, and distribute their older riot gear, tanks, and automatic weapons to municipal, state, and county police so the next time they want to raid a free buy in poker game at a bar, they can come in with fully armed SWAT teams and terrorize the innocent players with guns pointed at their heads, or in the case of Sal Culosi, they can shoot and kill him when the phone in his hand is "mistaken" for a gun (even though he's an optomotrist that never had a violence related incident or any arrest in his whole life)

[NobodyUKnow]

Guy like Tomchin, 67 with a 4 million dollar mansion, doesn't need the extra action a few agents might bring in. He has no motive. So he's either stupid, or the DOJ is stupid while trying to scare easily intimidated people in the process. Easy choice. Especially when you add that Pinnacle does everything within their power to keep US players out. Not to mention to obvious gap in intelligence between a former pro gambler and these law enforcing fascist dimwits.

I have no doubt Pinnacle will survive this without too much of a problem. People here vastly underestimate the kind of volume they do.

That said, when 3 of your owners are indicted and they also happen to be US citizens, it's never good. While Pinnacle is effective with the no US player bit, if you don't think they are taking action from some very heavy hitters in the USA, you're a little deluded. The biggest books out there have credit lines for select gamblers and sometimes they have to collect some multi-million buck debts, hence here's where the "money laundering" charges come from. Do I think a Pinnacle owner was personally collecting debts in the US? No. Do I think NY believes they have a case that they are pretty sure that they can prove that they knew about it and help orchestrate it? Probably.

[Popcorn Trick]

I have no doubt Pinnacle will survive this without too much of a problem. People here vastly underestimate the kind of volume they do.

That said, when 3 of your owners are indicted and they also happen to be US citizens, it's never good. While Pinnacle is effective with the no US player bit, if you don't think they are taking action from some very heavy hitters in the USA, you're a little deluded. The biggest books out there have credit lines for select gamblers and sometimes they have to collect some multi-million buck debts, hence here's where the "money laundering" charges come from. Do I think a Pinnacle owner was personally collecting debts in the US? No. Do I think NY believes they have a case that they are pretty sure that they can prove that they knew about it and help orchestrate it? Probably.

I think this is pretty right on... I do know a thing or two about this, but won't say anything dumb to grab a little forum fame, but I would like to insert my long held theory and that is this (which you guys might think is dumb)

Pinnacle, Cantor - Gorgeous' son- it is what I have been saying for year - all these books are in cahoots or at least all poney up when they want to rig a game. I used to just think a conglomerate off-shore books did, but it's everyone. There is just too much $$ involved for them not to...This might not just be about taking bets, but paying $ to affect outcomes of games.

Again, there is just too much $ for them not to stick their fingers in a game every now and then. Not paying a ref off with thousands like my dumb friend always suggests, but millions!