So this is what we pay taxes for. So the Department of Homeland Security's U.S.
Immigration and Customs Enforcement and the Internal Revenue Service can stop card games. They must be proud.
Poker Players Alliance Forums » Poker Players Alliance
DOJ Press Release August 06, 2009
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Posted 10 months ago #
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Thanks. I had been looking for this press release earlier on the DOJ site, but did not find it.
The actual indictment, seems to claim that while no actual money was lost by anyone - no actual "defrauding" occurred - Rennick made payments for companies offering different types of internet gambling. The indictment states that in 2007 Rennick said in an email to Washington Mutual Bank that he would be making Affiliate Payments, Rebates, and Refunds. The indictment states he told Union Bank he would be rebate check processor for large retailers and auto dealerships.
The indictment goes on to say that the account was actually used for different (but similar) services and makes the claim that Rennick defrauded the FDIC Insured banking system for over $350,000 which I assume is the total amount of processed transactions and has nothing to do with the actual net profit made by Account Services.
Interestedly, no one lost any money - certainly not the banks who made a large profit - until the Government seized player's money.
Posted 10 months ago #
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