Poker eCheck Seizure Concerns For Team FTP

With over $40 million in funds seized from PokerStars and Full Tilt Poker by the US government players in the industry are concerned as to the reasons but as of yet the court documents remain unsealed.
Sources are suggesting that it is not solely the payment processors which are the object of the governments attentions and this has caused worries for people involved in online poker including the players.
A member of Full Tilt Poker, who wished to stay anonymous said; “A few of us are hearing the US Government is taking a very aggressive stance (here),” said another.  “I’m nervous.  I live in the States.  Clonie (Gowan) names a bunch of Full Tilt Poker principles in her own suit against the company and no doubt the Justice Department is reviewing these documents.”
Gambling911 website first released the story concerning eChecks being denied by banking institutions and has since then been a source for the online poker community to keep an eye on developments.
The Southern District of New York obtained a warrant and froze several bank accounts to the value of $33 million from Citibank, Goldwater Bank, Alliance Bank of Arizona, and Wells Fargo which were related to online poker payment processor funds.
Another account held in Arizona owned by Allied Systems Inc was seized, the explanation being that “they constitute property involved in money laundering transactions and illegal gambling offenses.” The letter was signed by Arlo Devlin-Brown, the assistant U.S. attorney for the Southern District of New York.
One member of Team Full Tilt expressed his discomfort about working for a company which was shown to have links with money laundering but at present it is unclear what, if any allegations might be made against Pokerstars of FTP.
Michele Clayborne, who  represents Full Tilt Poker and its team of pros was quick to announce to the online community that “In light of recent events involving the freezing of certain accounts, Full Tilt Poker would like to assure all players that their funds remain safe and secure”.

Other news:   Win you way to the 2023 Master Classics of Poker at bet365

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