US Department of Justice Seize Funds from Payment Processor
Internet Gaming Merchants' funds taken from Citadel Commerce
Monday 21st May 2007
Canada based online payment processor Citadel Commerce has announced that the US Department of Justice had seized $9.25 million of its funds, the majority of which derived from its Internet gaming merchants.
According to ESI Entertainment Systems, a fraction of the seized funds, $941,000, is made up of Citadel’s own capital and does not belong to Internet gambling businesses. The firm’s funds had originally been frozen in late April by Citadel Commerce's financial transaction processor in the United States.
‘The company is continuing to work with the DOJ through its legal counsel to resolve the situation,’ confirmed ESI.
Citadel’s announcement closely follows the DOJ's recent indictment of seven individuals and four companies involved in online sports gambling.
