American law enforcement continues to go after online casinos.  Yet again, bank accounts for a processing company have been seized.  This time the situation looks a lot more serious.  In the past seizures have resulted in the online casinos reimbursing their players, there is no word that that will be the case this time around.  The latest processing company to run into conflict with US law enforcement is Electracash Inc., owned by HMD Inc.

A Maryland judge issued three seizure warrants on accounts opened by the company at the Bank of America in Anaheim, California.  The individual that owned the accounts were Edward Courdy.  This will not be the first run in Courdy has had with Maryland law enforcement.  Just last year Courdy was arrested in Maryland for money laundering.  Courdy’s prior record may be the initial impetuous for investigations into his accounts.

Allegations of money laundering and operating an illegal gambling business are rather serious.  The company has yet to respond.

Judge Paul W Grim signed the seizure warrants.  As the federal government continues to make arrests on companies that are connected to online casinos, a dark cloud seems to be moving over Internet gambling.  These investigations are likely to continue up until the Unlawful Internet Gambling Enforcement Act is overturned.  God help the industry if the UIGEA is not overturned.

“Even if there is no connection, it appears obvious that these seizures will not be the end of the process,” said industry analyst Grant Blake.

“The federal government seems intent on sending a message to online casinos that are operating in the US.”