NOW CITADEL IS IN THE D.O.J. CROSS HAIRS

25 May 2007

Online processor reveals that $9.25 million of Internet gambling merchant funds frozen

It appears that Citadel Commerce is the latest online processing company to be targeted by the US Department of Justice, following a past involvement in the global online gambling industry.

Following a preliminary statement last month (April) the company has revealed that some $9.25 million of online gambling merchant's reserves in its care have been seized by the US Department of Justice.

Earlier reports (see previous InfoPowa bulletins) recorded similar actions taken against the Optimal group regarding two of its subsidiaries.

Citadel spokesmen revealed that $941 000 of the funds seized by the Department of Justice is capital belonging to the company, and that negotiations with Justice officials are ongoing.

“The company is continuing to work with the DoJ through its legal counsel to resolve the situation,” a company statement advised.

Online Casino News courtesy off InfoPowa