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Poker
Discussion Payment Processor Indictment [lupo514]
Poker
Legislation P5's Member Blogs
By Dan | Published Aug 06 2009, 06:04 PM | The Glory Days
Hand Advice By dtools22 - added Mar 11 2010,
Training Sites Just hours after the news on Thursday that Senator Robert 10:03 AM
Bad Beats Menendez (D-NJ) had introduced legislation to legalize games of Heater approaching
Off Topic skill like online poker, the industry learned that Douglas Rennick By Goldenad - added Mar 12 2010,
Content had been indicted on charges associated with internet gambling 02:27 PM
Poker Articles Bankroll Blueprint: ABC R...
and online poker payment processing. The Canadian was charged
PocketFivesLive By dgillis - added Mar 10 2010,
with bank fraud, money laundering, and illegal gambling. Rennick
10:39 AM
Reviews faces up to 55 years and prison and $1.75 million in fines for his
Podcast SEE MORE BLOGS
infractions. According to the U.S. Department of Justice, Rennick
Poker Strategy was “in control of” several payment processors including My ATM Online, Alenis Limited,
Archives KJB Financial Corporation, Check Payment Financial, and Account Services.
Tax Q&A
Rankings Officials for the Southern District of New York and Federal Bureau of Investigation (FBI) P5s Podcast,
Online Poker made the announcement on Thursday. Over $350 million was transferred from a bank in March 11,
Rankings Cyprus to several banks in the United States in order to process payments related to 2010
Sortable online poker, blackjack, slots, and a variety of casino games. The indictment notes, Thur, 11 Mar 2010
Rankings 12:00:00 EST
“Rennick and his co-conspirators provided false and misleading information to various
PLB United States banks about, among other things, the nature of the internet gambling-related P5s Podcast,
PocketFives payments being processed by the companies under Rennick’s control.” March 4, 2010
Blogs Thur, 4 Mar 2010
Poker Blogs In August of 2007, Rennick opened up an account under the name KJB Financial 12:00:00 EST
Favorite Blogs Corporation at a Washington Mutual branch in California. He told bank officials that the PocketFives.com Rankings
Write a Blog account would be used for affiliate checks, rebates, refunds, sponsorship revenue, and Rank PLB PRO
Quick Links minor payroll. In February of this year, Rennick opened an account at a Union Bank 1. gboro780 1 1
Player Search branch in California under the name Account Services. The indictment states that 2. Doc Sands 3 4
Places to Play Rennick portrayed Account Services as a company that was a “rebate check processor for 3. djk123 6 3
Contact Us large retailers and auto dealerships.” 4. kleath 4 5
PocketFives 5. moorman1 12 2
FAQ 6. bigdogpckt5s 2 12
The FBI and Southern District of New York began tracking Rennick in February of 2007 7. 1SickDisease 5 8
Card Calculator and are seeking at least $565,000, which the indictment claims is the “amount of proceeds 8. taypaur 7 15
obtained as a result of the bank fraud conspiracy offense.” The Government also called for 9. dipthrong 14 10
funds held in Wells Fargo and Union Bank branches under the name Account Services. 10. govshark2 18 7
PocketFivers will recall that Account Services filed a motion in the Southern District of
Last update: 03/10/2010
California for the return of $14 million that it claims was unlawfully seized by the
Full rankings
Government in June. The future of that case is now up in the air.
FAQ
The bank fraud charge carries a penalty of up to 30 years behind bars and a $1 million Sortable Rankings
fine. The money laundering charge carries a penalty of up to 20 years in prison and a
Rank PLB
$500,000 fine. Finally, the illegal gambling charge has a penalty of up to five years in jail
1. Clément Thumy 4777.49
and a $250,000 fine. U.S. District Judge Sidney Stein will handle the case. 2. Yorane Kerignard 4771.54
3. HHHUGO 4345.75
Interactive Media Entertainment and Gaming Association 4. joppiesaus 4006.79
(iMEGA) Chairman Joe Brennan told PocketFives.com, “This is 5. germain133 3652.76
concerning if you’re an online gambler or operator. Even if you try 6. JackAdi 3570.28
7. frenchietouch 3489.68
to operate within the boundaries that the law provides, you may 8. drexxel7 3447.24
be put at risk by people in the middle of the supply chain who may or may not be engaged 9. mpiyavv 3354.04
in illegal activities.” On how Thursday’s news will affect a case by Costigan Media, the 10. DUFFORT 3281.02
parent company of Gambling911, to open the warrants and affidavits associated with the France
online poker seizure, Brennan commented, “We’re trying to find that out today. A judge is Region Go
supposed to rule this week. It’s hard to tell if that’s what caused the Department of Justice
to act, but no one has released any information yet.” View Full Sortable Rankings
Seizures that occurred in June temporarily affected paper checks and e-
checks from several of the world’s largest online poker sites. Account cedsed
Services was among those processors whose funds were seized. The
Southern District Court of California is scheduled to hear its case on 06/18/2009
August 21st. In addition, the Poker Players Alliance (PPA) has filed an
amicus brief in support of Account Services. The 1.2 million member See All
strong organization’s document will focus on why poker is a game of skill. PPA Executive
Director John Pappas noted that Thursday’s developments “do not affect our brief.”

Stay tuned to PocketFives.com for the latest on the indictment of Douglas Rennick. Daniel Alaei Wins!
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Comments 2009-12-20 02:57:50

TBranch25 said:

http://www.pocketfives.com/online-poker-scene/canadian-douglas-rennick-focus-of-o... 17/03/2010