More Indictments Related to Online Poker Upcoming?
The Assistant US Attorney out of the Southern District of New York, Jeff Alberts, has confirmed that his office filed additional documents in the Court earlier this week related to an ongoing investigation into online poker payment processors.
Last summer, the US Attorney's office issued seizure warrants in connection with nearly $40 million in funds belonging to online poker's two biggest companies, Full Tilt Poker and PokerStars.
Costigan Media, parent company of Gambling911.com, filed a Motion to Intervene, asking the Court to unseal information contained in the seizure warrants. The Honorable Judge Laura Taylor Swain ruled in favor of Costigan Media's Motion and allowed a significant portion of the warrants and other documents to be unsealed. Some names remained redacted, however, as part of the active investigation.
Alberts would only confirm that a "report" was filed but did not elaborate further.
As part of Judge Taylor Swain's ruling, the government must report to the Court on the status of their investigation within 120 days of the order unsealing portions of the affidavits or within 7 days of any event that might alter the need to keep portions of the affidavits sealed.
Several sources close to Gambling911.com have alluded to a grand jury investigation being underway. It is still not known whether the current investigation has stretched beyond the scope of just payment processors.
Christopher Costigan, Gambling911.com
