Feds freeze nearly $8 million in Washington

[The Buzz]

Forbes is reporting that federal prosecutors have very quietly seized nearly $8 million from financial institutions in the state of Washington that were processing transactions for online poker rooms such as PokerStars and Full Tilt Poker.

From Forbes:

According to four civil forfeiture complaints filed in federal court in Seattle since October, federal prosecutors have moved against cash sitting in accounts at Bank of America, JPMorgan Chase & Co., Wells Fargo & Co. and SunTrust Banks, belonging to payment processor firms like Arrow Checks, Secure Money, Etegrity Processing, Anaya Trading Solutions and Blue Lake Capital Management and Logistics.

The cash grab is the latest move in the Justice Department’s battle against online poker and comes after Washington’s State Supreme Court in September upheld a 2006 state law that made it a felony to play online poker for money in the state of Washington.

[Anthony]

Washington State has the one of the strictest anti-gambling laws on the books. It is a Felony to play poker online, but the play continues.

Are the Feds making more money seizing funds then they would taxing and regulating??? The U.S. has been doing quite well taking others peoples money, still no idea where all this seized money goes...

[BiggDawgg]

The U.S. has been doing quite well taking others peoples money

Isn't that what US politicians do best? ... steal our money

[davenewgates]

Its tough to deal with Washington government in terms of online gambling and just hope they are not making money out of this.

[JoeAdams]

Well, that's what more likely what had happened to eWallet Xpress. Rumors say that their funds have been seized that's why they ceased their operations and is now close.