IMO, Stars is slightly better than FT when it comes to player relations and overall trustworthiness. That said, I think "the risk is so small" (of anything at all happening that affects you) that it's still worth playing there.
While they have some info of yours, they don't even have your SSN. I think it is EXTREMELY unlikely that any players would ever be prosecuted by the DOJ/IRS ever due to FT handing over player info... remember, playing poker online isn't even illegal unless you live in one of the states that specifically makes it so, like Washington. Of course, I am assuming you are not evading your taxes from the money you've made playing poker, but that's something else entirely (and I still don't think the IRS would bother going after anyone but the very largest and most obvious offenders and that's only if it ever came ot that and FT handed over playing records).
I've seen it broken down before, and playing the bare minimum to make Iron Man every month to collect the Iron Man Bonuses on top of 27% RB and player points comes out to something like 55% RB. That's for the absolute minimum of 25 200 point days per month earning $1200 in Iron Man bonuses annually. Obviously as you play more and more, this number (the RB%) drops, but still is higher than all of the stars levels except for SNE and possibly SN - I don't remember exactly.
In summary, I'm definitely not closing my account there.
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