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FBI Further Confuses Online Casino Matters

February 11 2007

 

Online casino players in the United States have a government for the people.  But does it have a government by the people?  In the face of public outcry, the United States Congress, the Courts, and the President have all stuck their influential fingers into online casinos.  Now, as if the poker rooms were not crowded enough, yet another agency has bought in; the Federal Bureau of Intelligence.  The introduction of the FBI has added more confusion to the already upside down online casino industry.  As the online casinos continue to search for footing, ground continues to prove unstable.  

When the arrests at NETeller shook the online casino industry, the quake was felt round the world.  The virtual wallet company happened to be the widest used among online casinos.  NETeller assured US gamblers that it would protect player funds in special accounts when it was forced to freeze its US services.  Since that time the FBI has frozen funds held in NETeller customer accounts.  There is no question that the funds in the account were large, but neither the FBI nor NETeller have released a specific amount.  Pulling out of the United States lost NETeller 85% of its business, which equals billions of dollars each year from online casinos. 

NETeller offered some hope to online casino players in a statement released shortly after the arrests.  “The funds of US resident customers are held in segregated trust accounts and are fully secure and will be available for withdrawal by customers on demand,” promised the company.  US law enforcement has blocked withdrawal of funds.  NETeller invites online casino players with trapped accounts to check their site regularly for updates.  The bleak news is that the FBI said the funds may be held as evidence in future case against the company.

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