Investigation Expands
September 23, 2009
The United States Atty.'s office out of Baltimore has been running an ongoing investigation into online gambling. According to Gambling911.com, what started as an investigation into one online gambling company has turned into a larger investigation.
Federal authorities filed money laundering charges against two men last year. They were Edward Courdy and Michael Garone. They also seized $24 million in funds that were being processed at the time on behalf of the online gambling site Bodog.com. The problem is, that Bodog maintained that today do not have dealings with the online gambling cash company in question.
The Baltimore US Atty.'s office has been seizing the accounts in the name of Electracash Inc. The online gambling payment processing service said that they do not process transactions for online gambling sites. They said that they do not get involved with any companies that offer online gambling, or online poker such as Bodog. Obviously, the Atty.'s office disagrees.
The men have been charged with money laundering in reference to the processing of payments that was going on for these online gambling sites. The company says that they are simply a payment processing service, nothing more. However, the US Atty.'s office says that not only are they processing payments for online gambling companies, but that the number of companies that they have been handling is allegedly more than they originally thought. They say that the investigation will continue, and that they will get to the bottom of the claims. In the meantime, any online gambling patrons would be wise to avoid any dealings with the company.
