Gambling911.com has learned that yet another warrant seizure was issued against a bank in regard to funds associated with online poker's two biggest rooms, PokerStars and Full Tilt Poker.

The US Attorney's office out of the Southern District of New York sent the warrant to Union Bank out of California.

Unlike the previous warrant seizures resulting in some $40 million froze June 2, United States Magistrate Judge Theodore H. Katz did not sign off on the warrant. Instead, Henry B. Pitman signed off on the order.

Costigan Media, which owns Gambling911.com, filed a Motion to Intervene last Thursday in an effort to have the initial seizure warrants unsealed as part of its First Amendment rights to obtain information associated with this investigation.

It was not immediately known how monies were froze following issuance of the warrant dated June 24, 2009.

Prosecutors claimed in a written letter that the money was allegedly used for purposes of "money laundering", however, little if any information is yet to be obtained due to all court documents being sealed in this matter.

More news was expected on this front during the afternoon hours.

http://www.gambling911.com/gambling-...ed-070909.html

Meanwhile you can bet on the ponies legally. What a crock.

Once Uncle Sam starts getting his share of the money, all will be forgiven.

Until then, Poker seems to be public enemy #1. Its such a joke....

The Land of the Free....LOL!!! Thats a good one.

Do you know the time frame from when the last warrant was signed till the funds were seized?

That rings a bell.
Not good.

Yeah, its most likely the same processor. Checks out of that bank account from the processor continued to clear the first week of June when the first seizure order was issued, then started bouncing the second week of June. The timeline is interesting though as that account definitely went bad before June 24th. Wonder if Union Bank froze the funds on their own after the first seizure.

when did costigan media actually start reporting real news?

I'm reading this and thinking that this probably old news. Next I see the date and I'm a little confused. Something seems off.

Logical thought: Nah, the sites would have to be really bleeping stupid to leave the money right where it's easy to get to again.

Then I remember that the Full Tilt check thread hasn't been updated by someone receiving a check in about a week. Yet there are a couple of posts that funds were returned to accounts last week.

So something might be off here. Because if they actually WERE that bleeping dumb then ALL my monies are coming off the poker sites.

But I hope not.

US Continues Assault Of Online Poker With More Bank Seizures

PokerStars and Full Tilt Poker are the two biggest online poker rooms where US players can play. That may be why the US government is specifically targeting these two Internet giants in their efforts to stop online gambling in the US.

The world already knew about the first wave of seizures, which netted the government over $30 million. The government successfully seized bank accounts that were being used to pay out US players, and froze the money.

That created a stir in the country. For the first time, online poker players that were unaware of the Unlawful Internet Gambling Enforcement Act were exposed to the law. Millions of people in the US were being affected by the seizure.

Now, it appears that another wave of seizures have taken place, although the details of the latest seizures are still unknown. All that is known is that two different judges have signed the warrant seizures. The first was signed by Judge Theodore H. Katz, while the other was signed by Judge Henry B. Pitman.

The government and their prosecutors have hidden behind the idea that the money that was seized had been used for money laundering. That is a claim they will have to prove in court if they intend on pursuing the matter farther.

http://www.casinogamblingweb.com/gam...res_54118.html

Anyone ever heard of this Website? They are reporting another round of seizures.

wrong thread

Non stop with all this BS.It's getting old.

If its the same warrant mentioned in the Gambler911 link its pretty likely its the same processor (and the judge in both articles is the same) that already got nailed.

Besides the accounts that went down at the time of the original seizure, I can tell you from talking to people over PM's that they had at least two other accounts in the US one of which was at Union Bank (mentioned in the first link). These stayed up for an additional week to ten days.

Also note that by the time the first warrant was issued we were already experiencing disruptions and paper checks were bouncing. The date from the first link of the latest warrant was June 24th. We aren't currently experiencing disruptions.

My personal best guess is that these new warrants are just for additional accounts of the seized processor we already knew about and the sites have already worked around it for now. Id be surprised if the Government could get warrants on the new processors so quickly.

Stars at least is almost definitely leaving less money in the US, hence the reduction in max check amounts and greater use of Canadian processors.