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I never heard about this after the mentioned April 27 press release.
I’m also not quite sure how to interpret this one.The money was originally frozen, and has now been seized instead? Does that mean permanently, or pending some legal proceedings? I think this was an ACH processor for many Microgamings, right?
It was news to me too.
I also found the following press releases:
http://www.cnw.ca/fr/releases/archive/April2007/27/c2407.html
http://www.newswire.ca/en/releases/archive/March2006/22/c4874.html
I never understood why they would have to seize funds (except as a scare tactic, of course). I would think that the records of transactions are all they truly need to infringe upon everyone’s rights.
Even if temporary, adding millions to the coffers is always good PR for the DOJ.
In this case the $ belonged to merchant clients, so I think release may never happen.
Not the same as Neteller, where funds belong to a large extent to US citizens.
Many are not aware that this is directly tied to both the NETELLER & ECHO cases back in March.
The Citadel funds were also processed and held by ECHO ( like NETELLER ).
ECHO in a settlement agreement turned over funds to the DOJ.
The DOJ, then decided that indicting ECHO was “not in the publics best interest”
Read into the aforementioned as you wish.
DOJ documents may be read here FREE:
Thank you for this useful post.
