Payment Processor fights for online gambling funds.
Account Services Corporation (ASC) is an online payment processor for some online pokerrooms, who has had their accounts frozen by the US government. More than $13 million in total has been seized due to the attempt to crack down on internet poker. Now Account Services Corporation has filed a motion in court which contends that the funds were seized unlawfully.
The ASC believes that the funds that have been seized, which consists mainly of winnings and withdrawn despoists from the Online Poker rooms of Full Tilt Poker and Poker Stars, were seized illegally as the companies or the poker players involved were not in violation of the Illegal Gambling Business Act (IGBA), which is the main reason behind the seizure. It seems that over 13,000 players were affected by the seizure of ASC funds.
The motion that has been filed at the United States District Court of Southern California, ASC has tried to make it clear that online poker is not a form of online gambling by the IGBA. The bill defines the forms of illegal gambling as “pool-selling, bookmaking, illegal slot machines, roulette wheels or dice tables, and conducting lotteries, policy, bolita or numbers games, or selling chances therein”, which does not include online poker.