Release of Online Poker Funds Seizure Warrants
This week, Judge Laura Swain sided with Costigan Media. Thus, warrant applications have been released in the seizure of over $30 million belonging to more than 24,000 online poker players. The freezing of funds by the Southern District of New York back in June temporarily sent payouts from online poker sites into a tailspin, although rooms compensated players for bounced checks and, in some cases, even provided a cash bonus. Now, you can chalk up another victory for the online poker world, as the warrant applications have been released to the world.Whether its Poker In the News or the New York Times, they all have the same First Amendment right of access. In addition, the U.S. Department of Justice may have additional watchdogs over its actions in the future. J Brennan, from IMEGA, explained, You now have the Department of Justice put on notice that if they go out and do this again, they're going to be challenged. Whether it's industry-focused media or associations like iMEGA and the Poker Players Alliance (PPA), other entities can push back on the Government.
In the warrant application, Conte notes that she is an FBI Special Agent investigating financial crimes. She believed that the money held in the name of Account Services represented funds derived from money laundering and illegal gambling. FBI agents had been following illegal internet gambling businesses for three years that offered real money online poker, casino games, and sports betting to players from the United States.
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