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Federal On-Line Gambling Investigation in Maryland Seized Nearly $800,000 from Payment-Processor Electracash

October 28, 2009
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Electracash, the California payment processor whose bank accounts were targeted in July by federal investigators probing illegal on-line gambling, is out nearly $800,000, according to court documents filed Oct. 21. On Sept. 30, Interstate Net Bank cut a $324,632.71 check to Immigration and Customs Enforcement (ICE), emptying Electracash’s account in Cherry Hill, N.J., as...
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GoldenCasino.com’s Payment Processor Targeted in Latest On-Line Gambling Seizures in Maryland

October 28, 2009
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As the Maryland-based federal probe of on-line gambling continues, the latest move to show up in court records in Baltimore is the seizure of $365,366.69 from two bank accounts in the name of Atrium Financial Group (AFG). According to the affidavit in the case (below), Delaware-based AFG disburses money to on-line gamblers, including those...
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Feds in Maryland Seize Six More Bank Accounts Tied to Laundering Gambling Proceeds

September 24, 2009
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Update: Accused Money-Launderer’s Lawyer Says His Client No Longer Owns Payment-Processor Electracash As recounted in court documents made public yesterday in Maryland’s U.S. District Court, federal authorities seized the contents of six Wachovia Bank accounts held by a company called Forshay Enterprises, Inc., saying the accounts hold gambling proceeds involved in money laundering. The...
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