WSJ: GTBills bank fined because GTBill was processing for pokerstars - GoFuckYourself.com

bluestar · 09-19-2010, 09:45 AM

GTBill in the news again, looks like their bank was fined 733k for having them as a client

DOW JONES NEWSWIRES

Arizona's Goldwater Bank has agreed to forfeit $733,804 to resolve a claim from U.S. officials that the money was involved in illegal online gambling.

The deal was made not just with the Justice Department but the Troubled Asset Relief Program, in which the federal government invested in banks during the aftermath of the financial crisis.

Goldwater received $2.5 million from TARP.

Federal officials accused Goldwater of accepting deposits in connection with funds traceable to online gaming site Pokerstars. The bank allegedly accepted more than $13.3 million from the company and other sites in the first five months of 2009.

Goldwater was paid by Allied Wallet Inc. for clearing services. Allied Wallet Inc. and Allied Systems Inc. and their owner Ahmad Khawaja agreed last month to forfeit $13.3 million to resolve claims that the funds were involved in money laundering.

Goldwater denied knowing the transactions in question were related to illegal online gambling, but agreed to give up the money as well as implement anti-money laundering to safeguard the Treasury Department's TARP investment against future risks.

"Today's charges and settlement should send a powerful message to TARP recipients that they will be held strictly accountable for any misdeeds while they stand as custodians of taxpayer dollars," said TARP Special Inspector General Neil M. Barofsky.

http://online.wsj.com/article/BT-CO-...15-711118.html

Domain Broker · 09-19-2010, 09:48 AM

lol not surprising.

mn · 09-19-2010, 09:52 AM

That's appr what pokerstars makes in less than 10 hours. 24/7 365 days per year.

fuzebox · 09-19-2010, 10:09 AM

Does this mean GTBill isn't paying me my $500?

SteveHardeman · 09-19-2010, 10:19 AM

Oh glorious US government, thank you so much for saving us from ourselves. What would we do without you.

Serge Litehead · 09-19-2010, 10:31 AM

Quote:

Originally Posted by SteveHardeman

Oh glorious US government, thank you so much for saving us from ourselves. What would we do without you.

we must have big brother

seeandsee · 09-19-2010, 10:37 AM

democracy ???

Agent 488 · 09-19-2010, 10:45 AM

the noose is tightening.

fris · 09-19-2010, 12:47 PM

gtbill is so 90s

spunky99 · 09-19-2010, 12:48 PM

gotta protect those indian casinos

09-19-2010, 09:45 AM	#1
bluestar Registered User Join Date: Apr 2007 Posts: 63	WSJ: GTBills bank fined because GTBill was processing for pokerstars GTBill in the news again, looks like their bank was fined 733k for having them as a client DOW JONES NEWSWIRES Arizona's Goldwater Bank has agreed to forfeit $733,804 to resolve a claim from U.S. officials that the money was involved in illegal online gambling. The deal was made not just with the Justice Department but the Troubled Asset Relief Program, in which the federal government invested in banks during the aftermath of the financial crisis. Goldwater received $2.5 million from TARP. Federal officials accused Goldwater of accepting deposits in connection with funds traceable to online gaming site Pokerstars. The bank allegedly accepted more than $13.3 million from the company and other sites in the first five months of 2009. Goldwater was paid by Allied Wallet Inc. for clearing services. Allied Wallet Inc. and Allied Systems Inc. and their owner Ahmad Khawaja agreed last month to forfeit $13.3 million to resolve claims that the funds were involved in money laundering. Goldwater denied knowing the transactions in question were related to illegal online gambling, but agreed to give up the money as well as implement anti-money laundering to safeguard the Treasury Department's TARP investment against future risks. "Today's charges and settlement should send a powerful message to TARP recipients that they will be held strictly accountable for any misdeeds while they stand as custodians of taxpayer dollars," said TARP Special Inspector General Neil M. Barofsky. http://online.wsj.com/article/BT-CO-...15-711118.html

09-19-2010, 10:19 AM	#5
SteveHardeman Confirmed User Join Date: Jul 2008 Location: Atlanta Posts: 1,728	Oh glorious US government, thank you so much for saving us from ourselves. What would we do without you. __________________ BrokeAmateurs And ErosPOV And GirlsGoingSolo And PureAshley Sign Up At AmateursConvert.com Questions? I-C-Q: 3Five1FiveFive3476

09-19-2010, 10:37 AM	#7
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	democracy ??? __________________ BUY MY SIG - 50$/Year Contact here

09-19-2010, 12:47 PM	#9
fris Too lazy to set a custom title Industry Role: Join Date: Aug 2002 Posts: 55,382	gtbill is so 90s __________________ Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence. WP Stuff

09-19-2010, 12:48 PM	#10
spunky99 Confirmed User Industry Role: Join Date: Jan 2004 Location: Vancouver Posts: 3,462	gotta protect those indian casinos __________________ Spunky Cash - GND Bank - Good Girls Bank - Bliss Bucks - Nuts For Mobile - Daddy I Get Paid To Be A Whore Click Here To Make Money With Spunky - Domains For Sale - ICQ 281841678

09-19-2010, 09:48 AM	#2
Domain Broker So Fucking Banned Industry Role: Join Date: Oct 2004 Posts: 2,427	lol not surprising.

09-19-2010, 09:52 AM	#3
mn Confirmed User Join Date: Oct 2001 Posts: 1,505	That's appr what pokerstars makes in less than 10 hours. 24/7 365 days per year.

09-19-2010, 10:09 AM	#4
fuzebox making it rain Industry Role: Join Date: Oct 2003 Location: seattle Posts: 22,174	Does this mean GTBill isn't paying me my $500?

09-19-2010, 10:45 AM	#8
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	the noose is tightening.