Full Tilt subject of federal probe

[The Buzz]

The online gambling blogosphere has been abuzz the last 24 hours after a report in the Financial Times said that online poker giant Full Tilt is the subject of a federal probe by a grand jury in Manhattan.

The report also singles out two Full Tilt pros, Howard Lederer and Chris Ferguson, as being part of the investigation.

From the Financial Times:

FBI agents or prosecutors have spoken to at least two people involved in disputes with Full Tilt, paying special attention to the possibility of money-laundering violations, those familiar with the inquiry say. Money-laundering charges might be attractive to the government as they would compel co-operation from authorities even in countries where gambling is legal.

If you do not have a Financial Times account (it is free to register), Poker News Daily also has a good write-up of the report:

http://www.pokernewsdaily.com/full-tilt-poker-reportedly-investigated-by-grand-jury-9520/