Feds: Full Tilt Poker A Giant 'Ponzi Scheme'

Federal prosecutors said Tuesday that a popular online poker site already accused of money laundering and bank fraud operated essentially as a giant Ponzi scheme. Full Tilt Poker and its board of directors, which includes some of the world's most recognized players, "was not a legitimate poker company, but a global Ponzi scheme," said Manhattan U.S. Attorney Preet Bharara in a statement.

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