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  1. #1
    The Buzz's Avatar
    The Buzz is offline GPWA Gossip Hound
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    Default Online gambling payment processer facing 30 years

    An appeals court upheld a contempt order on a Canadian resident accused of processing online poker payments. Douglas Rennick is facing up to 30 years in prison after being accused of processing more than $350 million in poker payments from sites such as PokerStars and Full Tilt.

    The contempt order came from Rennick refusing to comply with a grand-jury subpoena.

    From Gambling 911:

    In an order Monday, the U.S. Second Circuit Court of Appeals rejected arguments that two companies owned by Douglas Rennick can refuse to comply with a subpoena on grounds that it would violate Rennick's Fifth Amendment right against self incrimination.

    Rennick, who lives in Canada, is the sole shareholder, officer and employee of Account Services Corp. and KJB Financial Corp.

    "Although the long-established 'collective entity rule' prevents corporations from availing themselves of the Fifth Amendment privilege, the companies contend that the Supreme Court's decision in Braswell v. United States compels us to carve out an exception for one-person corporations," the three-judge panel found. "We disagree and affirm the district court's contempt order."

  2. #2
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    casinojack is offline Public Member
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    This has been an interesting story since day one, I am kind of surprised not more attention to it.
    "CasinoJack"


  3. #3
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  4. #4
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    Anthony is offline GPWA/APCW Program Director
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    Default

    We will talk about it in the upcoming episode of Perspectives Weekly.
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    Skinski (4 February 2010)

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