Now Citadel is in the D.O.J. Cross hairs

[learn2play]

Fri 25 May 2007
NOW CITADEL IS IN THE D.O.J. CROSS HAIRS
Posted by Sports Betting under Sports Betting



Online processor reveals that $9.25 million of Internet gambling merchant funds frozen




It appears that Citadel Commerce is the latest online processing company to be targeted by the US Department of Justice, following a past involvement in the global online gambling industry.



Following a preliminary statement last month (April) the company has revealed that some $9.25 million of online gambling merchant’s reserves in its care have been seized by the US Department of Justice.



Earlier reports (see previous InfoPowa bulletins) recorded similar actions taken against the Optimal group regarding two of its subsidiaries.



Citadel spokesmen revealed that $941 000 of the funds seized by the Department of Justice is capital belonging to the company, and that negotiations with Justice officials are ongoing.



“The company is continuing to work with the DoJ through its legal counsel to resolve the situation,” a company statement advised.

[20Four7]

so when do the posts start about how citadel is a thief and scammer come similiar to neteller? Probably not.

[DrunkenLullaby]

so when do the posts start about how citadel is a thief and scammer come similiar to neteller? Probably not.

Good post.

No, people would much rather bitch & whine that whichever book/books had their money stolen by Citadel & the DOJ is slow-paying them than to look for the real reason.

[JoshW]

Very bad news. Not like it was a 6 month enforcement push. The US government is going after gambling payment processors and books hard. :|

[tblues2005]

lakerfan you got that right, you would think they would have more important things to do than mess with this anyways. I think the government is messed up and this is part of the reason.