Colette Meiji

It is my understanding if I set up a gambling site at my house and my RL neighbor were to log on to it,

It would still apply.

Aodhan McDunnough

Oooh nasty.

I'm guessing it's the "international-ness" of the internet ... plus the fact that IP addresses can be spoofed so a foreign connection can appear somewhat to be local.

Colette Meiji

Drugs in the US are banned via commerce laws.

I don't know if this is just a coincidence, but its an interesting possible parallel.

Aodhan McDunnough

Doesn't sound like a coincidence. The "side-step" is apparent. Interesting at any rate, yes.

Gigs

That law had nothing to do with money laundering.

From the section of the act that talks about why they passed it:
(1) Internet gambling is primarily funded through personal use of payment system instruments, credit cards, and wire transfers.
(2) The National Gambling Impact Study Commission in 1999 recommended the passage of legislation to prohibit wire transfers to Internet gambling sites or the banks which represent such sites.
(3) Internet gambling is a growing cause of debt collection problems for insured depository institutions and the consumer credit industry.
(4) New mechanisms for enforcing gambling laws on the Internet are necessary because traditional law enforcement mechanisms are often inadequate for enforcing gambling prohibitions or regulations on the Internet, especially where such gambling crosses State or national borders.


So basically it's to protect the credit card industry, and the existing gambling industry. Protectionism sounds like a pretty accurate description to me.

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Gigs

The 10th amendment says that the federal government does not have any power not specifically authorized in the constitution. Those powers are reserved for the states or the people.

The way that the federal government has worked around this in an quasi-constitutional manner is to jam everything into the commerce clause, a clause that allows the federal government to regulate trade between the states (but not within them).

It's gotten so ridiculous that the federal government has basically usurped absolute power lately though. This has been a constant slide, but a major event was when the federal government exceeded their authority in forced desegregation on the states.

Because of this, most federal laws have the qualification "When such an act involves interstate commerce". And they have a very loose definition of what involves interstate commerce. For example, in Raich, the supreme court ruled that growing pot in your backyard for your own noncommercial consumption affects interstate commerce enough for the federal govt to regulate it.

Colette Meiji

But even if it is protectionism that doesn't mean someone can go-

Hey this law is protectionism - so its cool for me to try and wiggle around it.

IntLibber Brautigan

Ya, he keeps trying to repeat the same old lies. We've responded multiple times on sl-newpaper.com, ace-exchange.com, and frankly at this point its a waste of energy and time. The facts are that we rescued a number of his investors, returned them a positive return on their investment. We could not and had no interest in assuming the burden of his whole house of cards, we only sought to complete the deal he himself had negotiated prior to his exit. Any claims by him that we 'stole' anything are plainly bogus by this fact: we could not have made a dime out of anything we were not given out in public via a public vote of the CGI shareholders. Thats how legit business is done in the real world.

Jasper never encumbered CGI with any lien liabilities from his bank, whether because he was fraudulently inflating the net asset value of CGI to boost the share price, or what, who knows, he didnt leave any records at all he is admitting to. He claimed to us that CGI had no debts. So he's lying to multiple sides here.

Ultimately the person responsible for his depositors money is him. He failed his duty in a very fraudulent manner and keeps trying to deflect blame. I, nor anybody in my company, ever had any role in his bank.

He also tries to blame Patrickj Ah for things, when the facts are that Pat was Jaspers largest investor/depositor in both CGI and the bank. Jasper bailed trying to get Pat to assume Jaspers debts other debts. You are smart enough to know it doesnt work that way in RL. Thats like calling the bank you owe a morgage to and saying, "um hay, how about I pay you back by giving you all my credit card bills, college loans, and bar tabs?"

Bams

Gotta love the late in the game necroposting.

IntLibber Brautigan

Ya sorry, I dont monitor responses on every site on the internet I've ever participated in. I'd never get any real work done.