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Funds Still Seized

The US government’s seizure of millions of dollars in allegedly illegal online casino gambling funds has taken a bit of an interesting turn this week with the U.S. government’s motion to dismiss the case. The seizure of funds from Account Services has dominated the US gambling industry’s concerns because of the implications that it had for the wider hope that the US government was backing off of the US online casino gambling situation. Account Services has been actively and aggressively fighting against the seizure and filed a motion earlier this month for the return of the $14 million in seized funds that belongs to Account Services.

The hearing though was scheduled and all set to go but has now been cancelled and it has left some in the industry in a bit of confusion. The motion for dismissal of the case by the US government may be ignored by the California courts – that would then force the US government to travel to California for an evidentiary hearing to explain the government’s grounds for the seizure. The most interesting turn this month though was the indictment of Douglas Rennick, one of the people allegedly at the top of the company and therefore responsible for defrauding the banking institutions, illegally processing online casino gambling transactions, and even money laundering charges.

There was a very real hope that all of this would pass over and the courts would at least reveal the contents of the seizure warrant. As that has never happened though the government seems to be charging forward, full steam ahead, in efforts to prosecute Account Services for illegally processing online casino poker funds.