I had money in an online poker site and they took all 100,000. How do I get it back?

Posted by admin | Gambling | Wednesday 20 May 2009 11:09 pm
bummin_onthe_beach asked:


I had transfered it to my brokerage account and then to my bank of america account. The IRS made me pay 49,000 in taxes before I could withdraw any money. Then the next day I go to get money and they say it’s all being with held beacuse it was gambling money! That is all I have to pay bills and my mortgage. Is there any way to get it back?

mortgage online

3 Comments »

  1. Comment by Steven S — May 21, 2009 @ 4:52 am

    mortgage online

    ya right lol

  2. Comment by Trevor R NYC — May 21, 2009 @ 6:57 pm

    mortgage online

    Not in America.

    If you obtained money through illegal gambling (i.e. not a regulated onshore gambling site like Las Vegas, Biloxi, Atlantic City, etc) than you have committted a crime, and the banks are ordered to seize all fund and return it to the government.

    There are several laws that deal with this, and you have broken several of them simply by using an on-line gambling site

  3. Comment by gcason — May 21, 2009 @ 11:40 pm

    mortgage online

    Should anyone *really* be in this situation, all you would have to do is take a quick airplane ride to the country where the online poker site is physically located. Then, you could withdraw your money in person. No problems. Of course, you’d still have to deal with the taxes, but the money would be legal. It’s illegal to gamble online at a site in the Cayman Islands. It is perfectly legal to bring back winnings from the Caymans.

    If someone had a brokerage account and was clever enough to win 100K at poker, they would know this.

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