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Article: OPTIMAL GROUP TO FORFEIT $19.2 MILLION IN GAMING PROCEEDS.(News)
- Article from:
- Cardline
- Article date:
- November 6, 2009
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Processing illegal online-gambling transactions between 2004 and 2006 will cost Optimal Group Inc. $19.2 million, the U.S. Attorney for the Southern District of New York announced Friday. Optimal Group, a Montreal-based firm that operates Optimal Payments Corp., will forfeit the funds and has signed a nonprosecution agreement, the U.S. Attorney's office said. Between 2004 and 2006, Optimal operated FirePay Ltd., an online electronic wallet service, it used to process more than $2 billion of "illegal gambling transactions for United States customers." Optimal Group says it stopped processing these transactions on Oct. 13, 2006, the day the Unlawful Gambling Enforcement Act ...
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