New Jersey Wins $847 Million Powerball Jackpot
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NewsMay 13, 2010·1 min read
U.S. Prepares for UIGEA Implementation, Prosecutes Online Gambling Cases
The UIGEA will come into effect on June 1, 2010.
Douglas Rennick, a Canadian citizen, was accused by the U.S. Department of Justice of money laundering, fraud, and illegal gambling business. Rennick admitted to transferring approximately $350 million from PokerStars and Full Tilt to American players over two years.
Rennick's plea deal likely means a prison sentence of six to twelve months and forfeiture of $17.1 million. Rennick's companies included My ATM Online, Alenis Limited, KJB Financial Corporation, Account Services Corporation, and Check Payment Financial Co.
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