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US Authorities Charging Man: 1

A German man is facing some very serious repercussions for his actions that violate the UIGEA in the United States. The US government has really started to enforce the regulations that block foreign online casinos from accessing US gamblers, and the repercussions could be quite serious because of the huge amount of money that he has facilitated as a payment processing intermediary. The UIGEA enforcement regulations are scheduled to fully take effect by the middle of the summer if the Democrats and concerned politicians do not manage to pass new regulations through Congress repeal the online casino transaction block.

In the mean time though, individuals in particular who are behind the payment processing companies allowing US gamblers to access online casinos are quite susceptible to strong actions from the US Department of Justice. In the latest case, Michael Olaf Schuett is allegedly directly responsible for transferring more than $70 million in gambling funds from the gambling sites to the American and foreign gamblers.

The German man was actually discovered because of both the number of FedEx packages that his company regularly delivered to as many as 23,000 online casino poker players. Additionally, players also rocked the boat and burst the secrecy bubble by telling their banks that the large checks that they were cashing were internet poker winnings. Between the banks and the FedEx investigation, there was enough of an enquiry that Schuett’s firm MCM Capital Management was discovered behind the processing of transactions for online casinos and internet poker sites. The authorities caught on to the situation thanks to tips from the banking officials.