US Government Claims $13 Million In Online Gambling Funds
The US government continues to focus their efforts on investigating payment processors that handle transactions for the gambling industry. The UIGEA was implemented in June and it gave the US government the power to go after anyone that knowingly handles transactions for any of the offshore online gambling operators. While [ more ]
Douglas Rennick, a Canadian citizen, has decided to plea guilty to a charge of processing online casino payments for US citizens playing at online casinos. With this plea agreement, Rennick avoided conspiracy and bank fraud charges that could have netted him over 40 years in jail.
While this agreement may have [ more ]
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The operator of several companies is alleged to have processed over $350 million in illegal internet gambling payments. Douglas Rennick has been indicted on bank fraud and other offenses by the U.S. Department of Justice. Rennick opened a number of bank account within the U.S. under various corporate names, between 2007 [ more ]
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