|The US Department of Justice has struck another blow in its war on Internet gambling by indicting seven people and four companies for attempting to circumvent the controversial UIGEA. |
Investigators claimed that 'purposefully misclassified credit card transactions to fool banks into processing Internet gambling charges.' The prosecution will initially secure all available profits, thought to amount to at least $150m, real estate, and vehicles. Defendants are due in court on May 30.
The main focus of the charges relate to more than $140m sent to Internet gambling websites, particularly fraudulent wire transactions to BetUS.com. The other companies involved are payment processing firm CurrenC Ltd., based in the British Virgin Islands, and Gateway Technologies and Hill Financial Services, which operates from Utah.
US attorney Brett Tolman, informed the press, 'Individuals and businesses that facilitate illegal Internet gambling are violating numerous federal and state laws. Payment processors who attempt to hide the true nature of the transactions they are conducting and the Internet gambling websites that use these payment processors will be prosecuted and brought to justice.'
Seven individuals from Las Vegas have been charged in connection with the investigation, although no further information has been released.