Question to US gamblers

Anything related to casinos, casino games, new casinos, tournaments etc.
Headline back 23
    5,533
    views
    18
    replies
    Last post ago almost 7 years by kynettie
    No avatar normal
    • Started by
      Full Member
      122
    • last active 7 months ago

    Readers of this topic also read:

    Please or register to post or comment.
      • No avatar normal
        • Started by
          Full Member
          122
        • last active 7 months ago
        I'm buying a home and the loan processor is asking me to disclose where a few of my unusual deposits into my bank account have come from.  I'm really not sure if I should say they are online gambling winnings or not.  Does anyone have any experience with this?  Am I free to say that's where it's from?  Makes me a little nervous..
      • No avatar normal
        • Replied by
          Sr. Member
          388
        • last active 2 months ago
        That is a hard question,  you may want to do some online research on how it may effect the loan, on how to work it correctly. for example saying it was from poker or skill games..
      • No avatar normal
        • Replied by
          Full Member
          122
        • last active 7 months ago
        I'd been trying to read up on them but the laws seem real unclear.  Even regarding skill games.  Was hoping someone had the same type of thing come up before and knew more about it.

        Anyone ?
      • Avatar 15484
        • Replied by
          Full Member
          244
        • last active 7 months ago
        i would ask my attorney, although he probably won't know what the online gambling laws are.
      • Index
        • Replied by
          admin
          20454
        • online
        The processing of casino funds through financial institutions is the illegal bit as far as I can understand.

        I found this:

        The UIGEA forbids American financial institutions, including banks and credit card companies, from doing business with online casinos.

        It goes on to say:

        The law does not specifically ban individuals from gambling online.

        Hope it helps a little.

        blue
      • No avatar normal
        • Replied by
          Sr. Member
          388
        • last active 2 months ago
        In the end when going into something as long and committed as buying a house you should probibly tell the truth.  at least that they came from online gameing. 
      • No avatar normal
        • Replied by
          Sr. Member
          388
        • last active 2 months ago
        or maybe just leave the online part out and say gameing
      • No avatar normal
        • Replied by
          Full Member
          122
        • last active 7 months ago
        Thanks for the replies.   I definitely plan on telling the truth or some of the truth.  I had a couple pretty hot months so I had money coming in from casinos in a few different forms.  Just don't want to miss out on the loan because of it..
      • Avatar 12170
        • Replied by
          Hero Member
          904
        • last active 9 hrs ago
        Why not just say you won it on a trip to Vegas or a river boat why take the chance of saying you did something that is not legal. I guess it would depend on how much money you are talking about. If it's over a certain amount you are going to be talking Tax fraud as well. Think long and hard before you make any decisions.
      • No avatar normal
        • Replied by
          Full Member
          193
        • last active 3 days ago
        This is asked because of the Patriot Act. Any unusual deposits need to be explained and documented. They need to make sure that this money is not from money laundering, illegal drugs  or terrorist activity.

        This is a tough one. Do you have very large deposits or a bunch of small ones? Maybe you can say it was from games or contest won online.
      • No avatar normal
        • Replied by
          Full Member
          122
        • last active 7 months ago
        I had a few smaller wire transfers/ checks for 300-600 range.

        I also had a couple from ewallet.  One for 800 and one for $3600.

        They are wire transfers in.  I can't really say it was from a casino because then it would have just been a cash deposit and not a transfer from out of country..

        At this point I'm really considering saying It was money from online poker rooms and taking my chances with that.
      • No avatar normal
        • Replied by
          Sr. Member
          392
        • last active about 2 months ago
        You should tell the truth, because all wire transfers have a federal tracking number, and they can see where it came from. You can say the ones came from an e-wallet like paypal but if they want documentation your ewallet will say what casino it came from.

        Good luck to you, I really hope this doesn't have any bearing on your house loan.


        LH
      • Avatar 7881
        • Replied by
          Super Hero
          1492
        • last active 4 months ago
        Just say you are a professional poker player and they are your winnings. 
      • No avatar normal
        • Replied by
          Newbie
          1
        • last active almost 7 years ago
        dont play at the new casino vegascasino21 they dont payoff and will block you if you win even 50cents from them i hae seen it happen
      • No avatar normal
        • Replied by
          Superstar Member
          5146
        • last active about 2 months ago
        blueday wrote:

        The processing of casino funds through financial institutions is the illegal bit as far as I can understand.
        The UIGEA forbids American financial institutions, including banks and credit card companies, from doing business with online casinos.


        This just reminded me of one of my friend who got turned down on his Citizenship interview...they asked him if he gambled at online before and he said yes...

        They know what we are doing somehow and that's spooky!!!

        Like many other members said, I too believe telling the truth will be the best bet at this point...after all, the truth always comes out soon or later.

      lcb activities in the last 24 hours

      • 28
        new members
      • 726
        members online
      • 15737
        guests online
      • 165
        new posts
      • 6354
        free games played
      Join the club

      Most viewed forum topics

      • Index
        A lot of members have said they are not keen on some of the casinos available in the Shop. Many of you requested Intertops, which has been added in the last week however, I would love to hear about your favourite...
        Which Casinos would you like to see in the LCB Shop?
      • Index
        Introducing the newest member of the bgo casino family, PowerSpins.com, where you get free spins every day.Log in at powerspins.com now using your bgo username and password where 50 free spins are waiting for you - no...
        Power Spins Casino No Deposit
      • Index
        Dear LCBers, Everum casino is giving away free spins every time a new slot has been released to the fastest players who post their casino usernames here on this thread. Please note: US players are not allowed to...
        Exclusive Express Promos at Everum Casino

      Join today and start earning rewards

      You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
      S logo
      Select Language
      Search
      Search Results

      Report to moderator

      Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

      Please note that your email address will be revealed to the moderators if you use this

      Submit