In a story released through the Dow Jones Newswires, the defendants in the online gambling money laundering case have agreed to forfeit $13.3 million, The money was seized by the U.S. Government from two online gaming payment processors, Allied Wallet Inc. and Allied Systems Inc. both owned by Ahmad Khawaja.
The FBI says this is just a small portion of what was run through the business for the first half of 2009. Some of the funds were allegedly linked back to Pokerstars and a few other off shore gambling sites. U.S. prosecutors argued that some of the money was traceable to wire transfers coming from outside and contended that this was “by individuals and entities who knew that the funds involved represented the proceeds of the illegal transmission of gambling information and the operation of an illegal gambling business.”
Since the UIGEA is very vague in defining what exactly is illegal gambling and only specifically spells out online sports betting in the law, sites that are just online poker sites contend they are doing nothing wrong. Interestingly enough the Government may agree as the DOJ typically has been going after the payment processors and not the sites themselves.
As far as Pokerstars is concerned, a spokesman had this to say,
“PokerStars does not condone efforts by processors to conceal the nature or purpose of funds used to play online poker. PokerStars has taken steps to ensure that processors properly disclose the nature of their business to their relevant financial institutions.”
This is not the first case this year involving money laundering charges and online gambling. Back in April Daniel Tzvetoff faced off against the DOJ. Hopefully though the future of online gambling in America will be getting brighter as HR 2267 keeps building to a full House of Representatives vote.
BGaming released in the middle of December 2020, a video slot called Fruit Million, which drew a lot of attention from punters. In just 10 days after the slot was launched, the game was in the top eight of the 100M-GGR casino.
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Microgaming’s smashing-hit Mega Moolah slot has made another lucky player richer for the seven-figure win. By triggering a whopping €14,239,539.84 prize at LuckyCasino, the Swedish punter has become the eighth millionaire so far this year to have been made on the software provider’s record-breaking progressive jackpot network.
In this particular online gaming venue, this has been the biggest ever won jackpot since its opening.
Microgaming's progressive jackpot network is one of the most rewarding ones in the industry, which a recent announcement by the provider confirms. The brand has revealed details of the latest millionaire who has scored seven figures win, as total payouts from all highest wins for the year to date surpass €30 million (from January 1st to August 1st).
... each win on the network is paid to the player in one lump sum by the operator following standard verification checks.