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  1. #1
    The Buzz's Avatar
    The Buzz is offline GPWA Gossip Hound
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    Default Citadel has $9.25 million seized by US DOJ

    Citadel Commerce, which no longer does business with US customers, had $9.25 million seized by the US Department of Justice, the company announced earlier this week ...

    Here's a link to the press release.

  2. #2
    vinism's Avatar
    vinism is offline Private Member
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    Here's our story on the situation. We'll keep you posted as we learn more details.....

    Citadel funds seized

    By Aaron Todd

    The U.S. Department of Justice has seized $9.25 million in funds from Citadel Commerce, a third-party payment processor that had previously allowed U.S. residents to conduct financial transactions with Internet gambling companies. The Canadian-based company stopped processing U.S. gaming transactions in January, almost immediately after its competitor, NETeller, withdrew from the U.S. following the arrests of its two cofounders.

    Another Canadian-based processor, FirePay, announced earlier this week that they have received seizure warrants from the DOJ for about $4.2 million in gaming-related funds. FirePay stopped accepting U.S. gaming transactions following the adoption of the Unlawful Internet Gambling Enforcement Act in October.

    Citadel had announced in late April that these funds had been frozen by one of its financial transaction processors.

    In a separate indictment this week, three payment processors and seven individuals have been accused of miscoding gaming transactions and funneling money to online casinos and sportsbooks. BetUS has been charged with conspiring with the payment processors.

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