 | Good afternoon Bit |  |  | The owners of three of the largest Internet poker companies operating in the U.S. were accused of tricking regulators and banks into processing billions of dollars of illegal Internet gambling proceeds. Eleven people, including the owners of Full Tilt Poker, Absolute Poker and PokerStars, were charged with violating U.S. anti-Internet gambling laws, according to charges filed by federal prosecutors. Prosecutors also filed civil money laundering charges seeking to recover at least $3 billion from the companies, which are all based overseas, court documents said. The Internet domain names of the companies were also seized.
The man behind the online gambling busts was Daniel Tzvetkoff, an Australian entrepreneur who set up the schemes used by the biggest poker sites to shift money out of the U.S. and who was arrested in Las Vegas last year, according to the Courier Mail. Tzvetkoff shared his knowledge in exchange for his release, the Courier Mail wrote.
Skype admitted that its Internet call app for Android phones was vulnerable to malicious third party attacks after Justin Case of Android Police discovered and shared with Skype an exploit that he said gave him easy access to user data such as contact info and instant message logs.
Technology firms such as LG are moving toward adopting the Linux-based MeeGo mobile operating system after Nokia abandoned it, one of the project's leaders said. A spokesman for LG said the company "has no definitive plans to mass produce devices with MeeGo other than car infotainment systems."
| | | LATEST NEWS | | Groupon IPO may value company at $15-$20 billion: source | | April 14, 2011 09:13 PM ET | | NEW YORK (Reuters) - Groupon is likely to pick Goldman Sachs and Morgan Stanley to lead a second-half initial public offering that could value the fast-growing daily deals site at $15 billion to $20 billion, a source familiar with the matter said on Thursday. | Full Article | | | BUSINESS NEWS
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