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Optimal to pay US $19.2 mln (Firepay)

Discussion in 'Casino Industry Discussion' started by RobWin, Nov 3, 2009.

    Nov 3, 2009
  1. RobWin

    RobWin closed account

    Occupation:
    Who knows?
    Location:
    A Vault!
    Optimal to pay US $19.2 mln over gambling websites

    Fri Oct 30, 2009 4:59pm EDT

    * Forfeiture over Internet gambling websites

    * Company will not be criminally prosecuted

    NEW YORK, Oct 30 (Reuters) - Canada-based Optimal Group Inc (OPMR.O) agreed to pay $19.2 million in criminal proceeds from processing payments for illegal Internet gambling websites between 2004 and 2006, U.S. prosecutors said on Friday.

    They said Optimal acknowledged that Internet gambling merchants broke U.S. criminal law by offering gambling in the United States.

    "Optimal, operating an electronic wallet called Firepay, processed more than $2 billion worth of illegal gambling transactions.... Continued here You must register/login in order to see the link.
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    3 people like this.
  2. Nov 3, 2009
  3. jod5413

    jod5413 Is That Better?

    Occupation:
    having a good time doing anything
    Location:
    somewhere on the planet
    What a bunch of horsechit! I am amazed that this company is so willing to roll over and play dead. Handling transactions was not illegal during that time frame, as far as I can figure.

    I just can not understand why they pursue this BS versus going after serious crime. Gawd knows there is enough of that.
     
  4. Nov 3, 2009
  5. Roanan

    Roanan Banned User - abusive flamming - misogynist

    Occupation:
    Geek
    Location:
    Langley, BC...in Canada, eh?
    Hmmm....let's see....

    The New York District Attorney's Office has agreed NOT to press charges if Firepay turns over $19.2 million.

    That's called extortion and is a criminal offense. :eek:

    Now how does one go about charging the DA? ;)
     
    Last edited: Nov 3, 2009
  6. Nov 3, 2009
  7. pokeraddict

    pokeraddict Webmaster

    Occupation:
    Pro Poker Player
    Location:
    Las Vegas
    Firepay processed payments for sportsbooks as well. This means they were in violation of the wire act therefor processed illegal gambling payments. Notice how epassporte, a former strictly poker ewallet, has never ran into the same fate. The feds nailed Neteller on the same deal. Process payments for sportsbooks=screwed. Firepay was around well before 2004. They were processing payments for U.S. players at the same time Paypal was doing so. I wonder why 2004 is the start date. Maybe that was when they moved into sports?
     
  8. Nov 3, 2009
  9. NASHVEGAS

    NASHVEGAS Banned User - flamming, disrespecting admin,

    Occupation:
    LOL
    Location:
    MERS
    RANDOM THOUGHTS:
    1.The information Firepay turned over will be worth a lot more than the $19.2 million settlement.

    2.The Wire Act of 1961 ,iirc, sure has been effective although Gore :rolleyes: did not invent the NET until thereafter......As vague et al as UIGEA is, it leaves less gray area than the Wire Act of 1961 pursuant to the NET. Why basically all of the online gaming culprits continue to plea bargain, settle, etc. versus contesting how the Wire Act of 1961 applies to the NET especially in the Appellate Courts is perplexing. Yes, I am well aware it is quite rare to defeat the Government under any circumstance yet still perplexing.
     
  10. Nov 3, 2009
  11. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    This is a CANADIAN company, yet fears prosecution enough to turn over this $19.2 Million, even though Firepay is dead.

    Rival, on the other hand, seem to have NO fear of prosecution in the US, despite being equally available to the US courts through it's links to Canada, which explain it's odd decision to outright BAN Canadians, yet actively target US players.

    I am sure that MONEY is the driving force behind all of this, the deals are being offered so as to MAKE MONEY for the government, rather than COST the government money in extraditing and prosecuting the company directors, and the costs of holding them in custody. If the directors do NOT pay up, they are forever looking over their shoulders for moves to seize them on behalf of the US authorities.
     
  12. Nov 3, 2009
  13. love2winalot

    love2winalot Dormant account

    Occupation:
    Roulette Player
    Location:
    Philippines/Visiting Las vegas
    Hiya: VWM is right. It is all about the money, and nothing but the money.
     
  14. Nov 4, 2009
  15. RobWin

    RobWin closed account

    Occupation:
    Who knows?
    Location:
    A Vault!
    That is the 19.2 million dollar question jod..;)
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    Last edited: Nov 4, 2009
    1 person likes this.
  16. Nov 4, 2009
  17. K911

    K911 Dormant account

    Occupation:
    iGaming CSR
    Location:
    Canada
    If the UIGEA was signed into law on that date, why would Optimal be held accountable for gaming proceeds before that date? Wouldn't they be liable if they processed transactions after the date?
     
  18. Nov 4, 2009
  19. RobWin

    RobWin closed account

    Occupation:
    Who knows?
    Location:
    A Vault!
    Because according to prosecutors they were in violation of the wire act even previous to the UIGEA signing.
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