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Internet Poker Account Processor Strikes Back

July 13, 2009 (CAP Newswire) — The Associated Press is reporting that one of the online payment processors involved with last month's freezing of online poker winnings, Account Services Corp. of San Diego, has filed a suit against the U.S. government to protest the action. The filing requests the unfreezing of approximately $14 million in funds.

The article reveals that almost all of money seized from the company was under authorization of a warrant and involves a Wells Fargo Bank in Escondido, California, in North San Diego County.

The company is arguing that "neither the company, the players nor the banks had violated the law," and therefore the freeze was unconstitutional. It said that if its funds continue to be withheld, the company will likely go out of business and is even under financial threat from other businesses that have had to deal with bounced checks.

The office of the Southern District prosecutors responsible for the asset freeze had no comment. Read the Associated Press coverage here.