Bodog responds to
online gambling money seizure
As reported earlier today, the Feds have seized $24
million from bank accounts in the United States, which had ties
to online gambling websites, specifically to Bodog. The company
came out with the following statement, released today, to
address the news, written by Alwyn Morris, the CEO of Morris
Mohawk Gaming Group:
An article was recently released on
Forbes.com that creates several misimpression's that the Morris
Mohawk Gaming Group feels compelled to clarify for our
customers. As most of our customers already know, all operators
outsource payment processing functions to third parties and
these payment processors are subject to regulatory constraints
wherever they operate, and, occasionally in the US, are subject
to legal action because of the uncertain legal environment
there. However, the seizure of funds from these US payment
processors was mischaracterized in this article, which refers to
two specific legal cases against US processors. Rightly or
wrongly, the article does not make a clear distinction between
these cases, which, as a result, paints a misleading picture.
The facts are these: the first of these
cases – relating to a seizure of funds from a processor known as
JBL Services – happened some time ago and has absolutely nothing
to do with the current payment processing challenges being
experienced in the US. The constraints being experienced by
payment processors in the US are universal in that region and
not specific to any particular processor or site. Also, note
that not one single player failed to get paid when this
processor was disrupted.
The second case refers to a payment
processor known as Zippayments.com and seizure of funds from
this processor’s bank accounts in Nevada. The article falsely
implies – but notably does not go so far as to state - that
$9.9M seized from Zippayment’s Nevada bank accounts were funds
on account for “Bodog”. This is simply false.
Processing partners with whom the Morris
Mohawk Gaming Group does business are sophisticated
organizations that are perfectly clear as to the actual facts of
these cases and their contexts. They are unfazed by such media
hype and Morris Mohawk wishes to ensure that its customers are
similarly informed. Customer deposits are safe and every player
has and will always be paid.
Published on
07/31/2008
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