Eight poker players, including three famous professional poker players Brad Booth, Tom Koral, and Dustin Woolf, have filed a case against the ex owners of Ultimate Bet, Excapsa Software. This online poker room used to be part of the Cereus Poker Network.

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The eight players, who used to hold accounts at Ultimate Bet, have accused the online poker room of embezzling $20 million from its loyal players through a hole-card sting, which was run by its former employees.

Brad Booth, a resident of Whitehorse in Yukon, was one of the most vociferous critics of UB, especially after its players began complaining that its employees had registered accounts and were using flaws in its software to view opponents’ hole cards.

Claiming that this scandal wrecked his life, Brad Booth told Bryan, the host at DonkDown Radio in Feb 23, 2011 that he is sure that UB had robbed him of at least $2 million of his own money along with plenty of cash he had borrowed from other poker players.

The complainants have sought an injunction along with damages in relation to charges such as fraud, negligence, unfair business practices, RICO conspiracy, conversion, causing emotional hardship, and interfering with prospective financial damage.

It may be recalled that Ultimate Bet, along with Absolute Poker, PokerStars, and Full Tilt Poker, was cracked down upon by the US federal government in mid-April last year. Their domain names were seized and their chief executive officers were accused of bank fraud, money laundering, and illegal gambling.

Excapsa Software Inc, which later changed its name to 6356095 Canada Inc, along with 10 of its employees, is the defendant. The employees have not yet been identified, but have the chance to respond to the allegations leveled against them individually.

Meanwhile, Ira Rubin has pleaded guilty before the New York District Court of processing plenty of gambling funds belonging to PokerStars, Full Tilt Poker, as well as the Cereus Network poker rooms Absolute Poker and UB Poker by disguising them as payments made to online merchants.

Rubin, who was arrested in April along with 10 others associated with the above-mentioned poker rooms, will now be sentenced to anywhere between 18 months and 24 months.

Rubin, who was nabbed in Guatemala shortly after the crackdown and later extradited to the US, has been indicted on 9 counts, one of which is processing poker funds disguised as payments made to online merchants for online poker rooms.

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