Webmasterchecks settles case with Department of Justice
 

from their blog

Surprise, AZ (PRWEB) December 20, 2010 ? Webmasterchecks is pleased to announce that it has reached a settlement with the United States Department of Justice to resolve all issues associated with the seizure of client funds.

Earlier this year, the Justice Department placed a freeze on bank accounts belonging to Webmasterchecks. Once the government seized all client funds in the company?s client fund bank accounts, Webmasterchecks worked with government investigators to identify clients not involved with the activities alleged in the government?s complaint. Rich Lloyd, CEO of Webmasterchecks said ?I?m pleased that we were able to work with the government investigators to gain the return of client funds for clients not involved in the actual investigation. I?m thankful for the hard work, integrity and prompt action of the government to resolve this part of their investigation so quickly.?

Because of the efforts by both the government investigators and the Webmasterchecks staff, the client funds for customers that were not involved in the investigation have now been returned to Webmasterchecks. Webmasterchecks is pleased to announce that it has begun initiating payment as well.

Webmasterchecks was represented by Greenberg Traurig LLP and Matthew P. Collins (www.mpcpc.com).

For more information about Webmasterchecks, please contact [email protected]

The gov't really threw a monkey wrench into thier business. If they were running everything on the up and up I really feel bad for them.

A message from the future!

Congrats to WM checks.

I hope they can salvage their business. Did they ever say why exactly the government froze everything?

Titor lives!

:1orglaugh

if this is true, they are on the short list of payment companies that have paid their clients back, the only other company i can only think of is epoch

compared to

365 billing
Globill
WebSiteBilling
ibill
DMR
Probilling
pswbilling
myvirtualcard/Paymonde

i cant imagine what they went through and im amazed they are still around

so can we now finally cash those checks??

i heard at the beginning they were staring at most of the adult money being forfeited, then somehow they were able to work through it.

but i also heard them paying through epass had something to do with it, something about epass being associated with gambling

"Webmasterchecks worked with government investigators to identify clients not involved with the activities alleged in the government?s complaint."

good thing they explained what the problem was to begin with... :error

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh

Its amazing they were able to walk away with anything if it had to do with gambling, thats what took electracash and gtbill down

gtbill had to forfeit 13 million and electracash millions as well, looks like the govt was freezing a lot of accounts around this time

http://www.justice.gov/usao/nys/pres...ttlementpr.pdf

http://blogs.citypaper.com/index.php...ling-proceeds/

Yeah I wonder if it had to do with gambling sites?

Good news. Never good for 3rd parties to be dragged into the shite of others.

:1orglaugh:1orglaugh:1orglaugh

Well seems that vague news is better than no news.

good news for all or should i say for most who are affected.
at least something positive at year's end, industry-wise

lol on datestamp

Back to the future ?:1orglaugh

Hah, didn't even notice.

Good to hear some positive news on something. I dunno how much money some people had there but I'm sure any money gotten back from them would feel like found money at this point.

Future News! My favorite.

"Because of the efforts by both the government investigators and the Webmasterchecks staff, the client funds for customers that were not involved in the investigation have now been returned to Webmasterchecks."

So if you dont get your money then I guess you can just sit and wait for the feds to knock on your door.

Dude fix your time machine

Seems to be working pretty good...

Interesting. :)

Good news :thumbsup

Just a shame that JJ from SOBV is going to get millions of clients money returned back to him, great news :/

this is great, im going to sic my attorney to try to get a lien on his portion of the funds in their account and see if i can get it released back directly to me

I was thinking the same. JJ is about to get an assload of money

I'm a little bit confused here.

If the police think someone is laundering money through a bank, do they walk in and shut down the entire bank while they sort things out and figure it out. Why in the world would they confiscate all of the money Webmaster Checks had when they knew from the beginning that the money involved had nothing to do with the original "compliant".

I think my question is more of "Did they try to shut down a portion of the adult industry" as a "test"?

I heard they only had 100K USD frozen there, so not millions...

I heard they had at least half a million, 3 periods worth. webmasterchecks told me that JJ has told them to send money directly back

Big (applause) x10!

You are assuming he actually had a lot tied up there.

Everyone was hoodwinked. :2 cents:

Stupid policy,but it has nothing with adult,i'v seen more cases where entire provider was shutdown just beacuse of one gambling client.

I saw this post from an affiliate about them a month ago, i cant see Chris Mallick doing anything like this, glad things seem to be turning for the better.

when porn and banks or the government are involved, all bets are off

high-risk is high-risk

Congrats Rich!

good to hear

Dafuq bump is this?

Congrats to Rich @ WM checks

Are you on dope or something?
Bumping almost 2 year old news? LOL! :321GFY:321GFY