CNBC Investigates: The Big Business of Illegal Gambling (online poker segment)

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Uploaded by on Dec 26, 2009

BROUGHT TO YOU BY DONKDOWN.COM -- This CNBC special aired on December 16, 2009. In this clip, they cover the Absolute Poker/Ultimatebet "Superuser" cheating scandal. Online poker pros Todd Witteles and David Paredes tell of their experience with being cheated and their fight to expose the truth.

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News & Politics

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  • why the hell is gambling illegal!! whats wrong with gambling!!??

  • The Unlawful Internet Gambling Enforcement Act (UIGEA) was passed in 2006 at the urging of then-Senate Majority Leader Bill Frist (R-TN). In 2009, the Third Circuit Court of Appeals ruled that the UIGEA did not make any online activity illegal. Instead, the legality of internet gambling may ultimately depend on state law. The Wire Act, passed in 1961, has traditionally applied to online wagers on sports and has not been formally updated to encompass internet wagering.

  • gotta watch Wapner. Im a weely good dwiver

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  • it just makes me wonder, should i really make an effort to get an advanced degree and be in debt? or should i devise some sort of scam or scheme and make gazillions.

  • that is some sick shit, it really tells you where you should focus your energies. think about it, he was making alot of money already as the owner of that site, then he saw an opportunity to make WAYYYYY more, now he is a gambler by profession a person who generally highly risk averse, sounds paradoxical but true, at the professional levels, so he must have felt it was a better decision to sell the company to someone then rob the dumb fuck for $22.8 million and got away clean!

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