Another one for New York and the UIGEA
07 November 2009
The U.S. District Attorney’s Office for the Southern District of New York is at it again. It has again gone after another company for violating UIGEA.
The eWallet company FirePay, owned by the Optimal Group, Inc, has been forced to forfeit $19.2 million in revenue linked to wagers made by the citizens of New York State. FirePay, which pulled out of the U.S. market after UIGEA went into effect late in 2006, was pressured by the State of New York for supposed money owed to them for wagers made between 2004 and 2006.
In a case of what many are calling “pay up or be prosecuted” tactics of the New York D.A.’s office, the agreement does clear FirePay from any criminal prosecution. But in a further bit of bullying, the agreement also has Optimal Group agreeing to state that operators using their services knew what they were doing was illegal.
That could mean more threats of prosecution by the New York office as well as billions more dollars in seized funds and assets. Maybe with the growing chance of UIGEA being repealed, New York may have to back off and let things cool off for a while.
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How cool is this! Friday, May 26th PokerShare.com gave away over 8 thousand gallons of gasoline to hundreds of people in New York! The line to get gas stretched for over 10 blocks, even blocking traffic on the Brooklyn Bridge. PokerShare employees joined the gas station employees at 6 AM at the Westside Highway gas station, where they began pumping full tanks (up to 40 gallons) of free unleaded gasoline per customer, with PokerShare picking up the tab!Read full article
08 September 2006Sportingbet PLC Chairman To Fight Extradition To Louisiana
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09 September 2006PETER DICKS, SPORTINGBET CHIEF, RELEASED ON $50,000 BAIL
BBC NEWS 09/09/06 The chairman of UK-based online gaming firm Sportingbet has been granted a $50,000 bail by a US court. Peter Dicks was held in New York on Thursday under a warrant issued by state authorities in Louisiana accusing him of “gambling by computer”. The court in Queens, New York, also ordered him to surrender his passport. Mr Dicks is to face another hearing on 14 September when the New York court will consider a request by the Louisiana authorities to extradite him.Read full article