Online Poker Players' Winnings Frozen
Federal prosecutors have asked four American banks to freeze tens of millions of dollars in payments owed to people who play poker online through offshore gambling sites.
$33 million in online poker winnings to 27,000 players at four offshore poker sites, are being halted at the request of the United States Attorney for the Southern District of New York.
Citibank, Wells Fargo and two smaller banks have frozen the gambling payouts of two companies that process checks for the poker sites. Prosecutors said the funds seized �constitute property involved in money laundering transactions and illegal gambling offenses.�
Offshore poker sites online make money by taking a small part of each poker pot, and hire U.S. companies to issue checks to winning poker players.