Originally Posted by
SportsMushroom
what basically happened was the greek withdrew from the US market and transfered all US balances to heritage, and betjamaica closed down altogether and transfered all outstanding balances to Heritage
from what I understand, the greek and betjamaica had the same ownership, so most likely, since they were pulling out of the US market, they saw no use in keeping both books open
obviously talks must have been going on for a while between greek/betjam and heritage for the transfer of the balances and people are upset as to why the customers were not notified. the transfer happened overnight
greek/betjam made a conscious decision to withdraw from the US market, the move was probably preemptive, they dont want to deal with the US government down the road