4 ms·

They went to prison for load balancing, or how does this relate?

• thinkingkong 6y ago
  Gambling.
  • fooey 6y ago
    The business was just run of the mill "get rich on google" and "free government grant" garbage that was common in the 2000's. Ironically, they made so much money doing their regular business the owner bought a small US based bank and was running online poker processing through it. When "black friday" in the poker world happened, the bank failed and everything fell apart, but so far as I know, no one involved was ever charged with anything related.
• fooey 6y ago
  The technical reason was bank fraud for all the shell corporations they set up in the process. The bank claimed they had no idea they were all related, even though every application had the owners name on the paperwork. To be clear, it was a bad company. However, the bank 100% knew what was going on and the merchant accounts 100% knew what was going on. So long as they were making money, and chargebacks make them a lot of money, they were happy. In my opinion the people running the company were just naive enough to not know how to cover their asses as well as the money guys.