U.S. Questions Investment Banks on Contacts With 'Net Gambling Firms

Authored by Mark Hefflinger on January 22, 2007 - 9:05am.

London - Following a string of arrests of online gambling company executives in the country, the U.S. Department of Justice has issued requests for information from several investment banks about their dealings with a number of gaming sites, Reuters reported, citing "banking sources."

The requests were made through the U.S. District Court for the Southern District of New York, and demand all e-mails, phone records and other documentation of contacts between the banks and gambling sites including 888 holdings and Partygaming.

Several U.K. newspapers previously reported that 16 banks, including HSBC, Dresdner Kleinwort, Credit Suisse and Deutsche Bank, had been issued subpoenas, adding that requests had also been sent to various accountants and law firms.

Since the U.S. crackdown on foreign-based online gambling firms that take bets from U.S. citizens began several months ago, a number of such companies have shuttered their U.S.-facing gambling operations.

 

Related Links:
http://tinyurl.com/32gg92 (Reuters)
http://www.888.com
http://www.partygaming.com



Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Add image
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd><br><p> <b> <i> <img> <hr>
  • Images can be added to this post.
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.