Originally Posted by ScriptMan
Let's be clear in this thread that PokerStars was not accused of any fraud. They are acting in a capacity like Godaddy when Registerfly went down. They do by government action have some funds belonging to US players that were frozen and will be refunded as a part of this deal.
...with the greatest of respect Pokerstars were amongst other things setting up phoney businesses (e.g. Golf Ball Stores) to route gambling money through the US (as well as miscoding credit card transactions). Whilst you can argue that they did this in their mind out of necessity to keep operating in the US, if any other business this is certainly illegal.
...Pokerstars have played the PR
game very well. Coming to the rescue of Full Tilt players in the US they've been seen very much as a knight in shining armour - but even they don't deny (and haven't in their settlement) the extent they went to within the banking system to hide funds.