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eWallet Express Leaving US Market

Written by:
C Costigan
Published on:
Nov/16/2010

The website CasinoScamReport.com is claiming that yet another popular e-wallet is pulling out of the US online gambling market.  This time, it is eWallet Express.

Last Friday when players from the US accessed their eWalletXpress accounts they were greeted to no banking options for deposits and a message saying they were having technical difficulties and would be back online soon. Well days have gone by and there is no movement, no answers to emails or phones giving any explanation of what to expect. The biggest question now on US gamblers mind is when these “technical difficulties” are fixed, who will be able to make deposits? The rest of the world, accept USA players, or “ALL” players? If EwalletXpress is leaving the US market is it because of fear from the federal government bring charges against them as they did with Neteller or is it because the US is getting ready to open up the borders of online gambling and all payment processors must be out of the US before this happens? So many rumors and no real answers.

What we do know is that a number of online gambling payment processors have been pinched in the past year, most notably Douglas Rennick and Daniel Tzvetkoff.

Rennick ran My ATM Online, KJB Financial Corp., Account Services Corp. and Check Payment Financial Co, most of which were processing for online poker’s biggest websites, including PokerStars and Full Tilt Poker.  Tzvetkoff wasnabbed in Las Vegas over the summer.  He ran the online payment processor Intabill out of Australia. 

Rennick was facing a few dozen years behind bars but walked away with having to pay a steep fine and 6 months probation.  Tzvetkoff is also facing a few dozen years behind bars but is currently out on bail and assisting US law enforcement authorities. 

The US Justice Department claims that such processors are engaged in money laundering activities. 

- Christopher Costigan, Gambling911.com Publisher 

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