View Single Post
Old 04-15-2011, 01:30 PM  
Ravage
Confirmed User
 
Industry Role:
Join Date: Mar 2007
Location: Toronto
Posts: 2,242
Quote:
Originally Posted by Quentin View Post
In an acronym? UIGEA

The U.S. government even asserts "extraterritorial jurisdiction" with respect to UIGEA, and has arrested foreign nationals under UIGEA, people who operate gambling sites hosted in other countries, but who have accepted wagers from U.S. customers, when such were people unfortunate enough to find themselves on U.S. soil, or in a country that was willing to detain and extradite them to the U.S. Gary Kaplan and David Carruthers of BetonSports are a couple of examples.
The very day the owners of NETeller were nabbed while catching their connecting flights was the day every gaming site closed their doors to new US players. Everyone ensured they used non-US based Intermediary banks so the funds wouldn't get nabbed, etc etc.

Fuck that was a hellacious week. Had to update all the banks and processors. Shit some great processors even died because of that, Surefire/firecah, NETeller, and Citadel to an extent. While they may still be around, they're nothing like they were before the UIGEA for quite a while.
__________________
Formerly known as Adult Rental Chris
ICQ - 452-693-463 | Skype: xravagex
Ravage is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote