We’re always talking about what the FTC “might do”, but we don’t see as much action as we might expect. However this was a busy week for the FTC. It looks like they were ready to start taking down some of the names off their to do list. In the biggest news, the FBI pretty much shut down FullTiltPoker and PokerStars while they investigate and charge the companies with illegal activities and such charges as bank fraud and money laundering. The full indictment is against eleven people, which includes the founders of PokerStars, Full Tilt Poker, and Absolute Poker. All three .com versions of FullTiltPoker, AbsolutePoker and PokerStars are shut down, but you can still access the “free” .net versions of the sites.
In other news, the FTC is finally stepping up to the plate and trying to knock “fake news” promoting companies out of the game. The FTC filed papers against Intermark Media, who has been pushing acai / rebill / fake news type offers and landing pages for quite a while now. You can see a video below, or visit the actual FTC filed papers. Many Body Theory posted a video on the topic, and you can also read up on more articles below: ftc.gov, courthousenews.com, techworld.com.au, and patrickpretty.com.
There’s always plenty of illegal and unethical practices going on, but it’s always surprising when you see the FTC taking action themselves. By the way… think we will ever see any legal action taken by Melissa Theuriau, the France reporter who seems to appear in so many of these fake news articles?