I'm reading it as him being a payment processor, basically a one man operation. Those checks you receive in the mail don't come from "Full Tilt Poker" - they come from ______ Corp. He's owns.runs ______ Corp.
He's not the first payment processor to get busted and likely won't be the last.
What I wonder is if the Feds will pursue any of the 23k customers. I would THINK they didn't do anything wrong, but who knows..........
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