Thursday, August 10, 2006

Is the Justice Department going to steal BetOnSports US Client's funds?

This article suggests it's a possibility: http://www.nytimes.com/aponline/us/AP-Online-Gambling-Money.html

But Hanaway said if BetOnSports doesn't return the money, the U.S. government has every right to seize it.
Hanaway contends the bets were placed illegally, violating the 1961 federal Wire Act. That means the government could take the money to settle legal claims in the same way it takes money from drug cartels, Hanaway said.
''In all kinds of crimes we forfeit money that someone has paid,'' she said.

The article also states that, "last month's federal restraining order requires BetOnSports to return any money that American customers have tied up with the site."

The tie up is with the payment processors who are refusing to do business with BetOnSports since the charges last month. The message that the prosecutors sent was heard loud and clear. The payment processors are staying out of the way to avoid prosecution and business disruption.

This allows the "Justice" Department to disingenuously claim they are only going after the bookmaker, knowing full well that they will be able to snatch the funds as a bonus

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