Does anyone have more information on this?
Arizona: The U.S. Department of Justice is at it again. Goldwater Bank in Arizona is one of thousands in America that has processed online gaming transactions and paid customers the money they’re owed. But the U.S. Attorney for the Southern District of New York deemed those funds to be complicit in money laundering, and since Goldwater Bank was one of the many recipients of TARP funds, the DoJ has ordered those gaming funds seized, and the bank agreed to comply. The funds in question were processed through Allied Wallet and Allied Systems between January and May of 2009, and the total of more than $13 million was traced back to PokerStars. Owner of the payment processing companies, Ahmad Khawaja, agreed to the money seizure for fear of further prosecution. Goldwater Bank also forfeited more than $733K, which was reportedly the fees it received to process the transactions.
Poker Players Alliance Forums » Poker Players Alliance
AZ fund seizure
(2 posts)-
Posted 1 month ago #
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I had to do some double checking Charles, but I am pretty sure this case is not a new one. It appears to be part of the same series of seizures as the Account Services case from about a year ago and is just now getting finally resolved.
Skallagrim
Posted 1 month ago #
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