Feds in USA Shake More Money From the Online Poker Tree

Published Wednesday, January 05, 2011 - Online-Casinos.com

Documents explaining the details of four civil forfeiture complaints filed in federal court in the city of Seattle Washington USA were revealed recently showing that federal prosecutors have seized cash sitting in accounts of various banks and payment processing firms.
The Bank of America, JPMorgan Chase & Co., Wells Fargo & Co. along with SunTrust Banks, and payment processor firms, Arrow Checks, Secure Money, Etegrity Processing, Anaya Trading Solutions, Blue Lake Capital Management and Logistics have all been affected by the federal move.
Federal prosecutors have quietly put into motion the required paperwork to seize almost $8 million USD from financial outfits that were processing transactions for a number of offshore online poker operators.
Washington’s State Supreme Court has been coming down hard on poker players and money processors after it upheld a 2006 state law that made everyone who plays online poker for money in the state of Washington a felon.
A task force investigation conducted with the Washington State Gambling Commission back in January 2009 started the forfeiture and involved $5.1 million USD and payment processor Arrow Checks. The government investigation revealed that more than $20 million of wire transfers from Canada and Texas to Arrow Checks accounts at Bank of America. Court documents say that the proceeds were from online poker playing at PokerStars, and that the unlicensed money transfers had violated the federal wire act “because online gambling is illegal in Washington state.”
Other payment processors had six bank accounts at SunTrust and Wells Fargo representing proceeds from online poker operators Full Tilt Poker and Absolute Poker. Federal authorities seized the $1.3 million USD in those accounts, again saying they had violated the federal wire act. UltimateBet, Absolute Poker and Full Tilt Poker are also named as firms involved in poker action in Washington State.
The Feds shook $17 million from Canadian money processor Douglas Rennick and $13.3 million from Ahmad Khawaja just recently in other States of the Union.


 

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