{"id":10046,"date":"2020-01-27T20:41:46","date_gmt":"2020-01-27T20:41:46","guid":{"rendered":"https:\/\/www.onlinepokeramerica.com\/news\/?p=10046"},"modified":"2020-01-27T20:41:48","modified_gmt":"2020-01-27T20:41:48","slug":"pokerstars-founder-isai-scheinberg-turns-himself-in","status":"publish","type":"post","link":"https:\/\/www.onlinepokeramerica.com\/news\/pokerstars-founder-isai-scheinberg-turns-himself-in\/","title":{"rendered":"Pokerstars Founder Isai Scheinberg Turns Himself In"},"content":{"rendered":"\n
Last week, PokerStars founder Isai Scheinberg surrendered himself to federal authorities <\/strong>nearly nine years after being charged with a number of gambling and financial crimes. Now, he has been released on $1 million bail<\/a> as his legal team negotiates a deal with prosecutors. <\/p>\n\n\n\n It was back in 2001 that Isai Scheinberg and his son Mark founded PokerStars. The site experienced tremendous success in the country, but federal authorities passed a law called the Unlawful Internet Gaming Enforcement Act<\/strong> in 2006. This forced Isai to operate his online poker company from outside of the United States, but PokerStars still offered its services to local customers \u2013 at least, until Black Friday.<\/p>\n\n\n\n This was the day in online poker history when the United States government seized the domains of the top poker sites, including PokerStars and Full Tilt Poker. Many executives of the site were charged with crimes like money laundering, wire fraud and illegal gambling,<\/strong> but Scheinberg managed to evade the authorities by staying out of the country. <\/p>\n\n\n\n Scheinberg travelled to Switzerland several months back,\nwhile US officials were working on extraditing him. At first, he tried to fight\nthe extradition but eventually decided to turn himself in by heading back to\nNew York. Since then, he has been released on $1 million bail while he awaits a\ndecision on what his punishment will be from federal authorities. <\/p>\n\n\n\n Currently, Scheinberg cannot travel outside of the United States, as he was required to surrender his passport<\/strong>. He is limited to staying within New York and Washington, DC. <\/p>\n\n\n\nThe History of PokerStars and Black Friday<\/h2>\n\n\n\n
What\u2019s Next For Scheinberg<\/h2>\n\n\n\n