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Indictment for Canadian Man

The United States Department of Justice is on the prowl again this summer and the account seizures in California are getting pretty serious. Although a lot of people in the online casino gambling industry have continued to assume that the situation with the US DoJ would pass over and that the Obama administration would act to stop the current account seizure and anti-internet gambling practices, that is not the case and the DoJ has actually now indicted a Canadian man for his part in the payment processing business. The DoJ is continuing to uphold the US’ controversial ban on offshore online casinos despite the widespread domestic and international disapproval for this legislation.

The Canadian man indicted this month is facing some very, very serious charges related to the illegal processing of funds between US gamblers and poker players and the offshore online casinos and more specifically, the poker rooms. The man, Douglas Rennick, is facing several charges including money laundering, bank fraud, and illegal gambling and even more than that, the US DoJ is asking for the forfeiture of the money implicated in the payment processing business, an enormous $565.9 million in funds that have been processed through the US bank accounts.

This situation hit the US earlier in the summer and there was general outrage about the account seizures because the company does not actually actively process transactions with the online casinos, but rather with the internet poker sites. Although the government has seized as much as $30 million in funds there has been no public release of the warrant that is allowing the DoJ to do this.