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More Bickering Over Funds

The United States Attorney for the Southern District of New York made a bold move last month with the seizure and freezing of funds from Account Services, a company operating in California. Account Services offered internet based transactions to internet poker players – not the online casinos. Federal legislation in the US bans companies from processing transactions with internet casino sites, but there has been a lot of state-wide support for the launch of a US internet poker industry. The government though has seized all of the funds related to online poker gambling and there is no telling when it plans to give them back.

Account Services has taken the case to the courts and has demanded that the government return the illegally seized funds immediately. The PPA has been working in an advisory capacity for the court as a “friend of the court” and has vowed to support Account Services in securing the return of the seized funds. The online casino poker payment processor filed a Motion for Return of Property in the case and are asking that the courts force the two US Attorney for the Southern District of New York to release all of the confiscated funds so that the company can payout account balances to online casino poker gamblers.

Account Services has two main complaints in the case – damage to the company’s reputation because of the seizures of money that was in no way related to the online casinos, that will lower trust in the payment processor, and the compliant that the seizure of the funds is wholly unreasonable. The case is pending as both sides rapidly work to develop convincing cases for the courts.