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Online gambling payment processor forfeits more than $13 million

18 August 2010

The owner of two payment processors linked to PokerStars forfeited more than $13 million in a New York federal court Tuesday to settle a money laundering case.

The money forfeited by Ahmad Khawaja's Allied Wallet and Allied Systems was originally seized by authorities last June.

According to court documents, PokerStars and other online gambling companies deposited more than more than $13,335,248.91 in a bank account at Goldwater Bank held by Allied Wallet between January and May of 2009.

"Some of the funds deposited in the Goldwater Bank account were transferred, directly or indirectly, into seven different bank accounts held, or otherwise controlled, by Allied Wallet Inc., Allied Systems Inc., and Ahmad Khawaja," court documents said. "Other funds were credited to the bank accounts of online gamblers, often as winnings from their online gambling."

The sources of at least some of the funds were debits "from the bank accounts of online gamblers who were using the Pokerstars.com website, and other websites, to engage in online gambling."
Online gambling payment processor forfeits more than $13 million is republished from Online.CasinoCity.com.
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Best of Vin Narayanan
Vin Narayanan

Vin Narayanan is the managing editor at Casino City. When he's not writing or editing stories, he likes to play Chinese Poker, Badugi, Razz and any other "non-traditional" poker game. He also thinks blackjack is his best game and loves game theory.

Before joining Casino City, Vin covered (not all at the same time) sports, politics and elections, wars, technology, celebrities and the Census for USATODAY.com, USA WEEKEND and CNN.

A proud graduate of Michigan State University, Vin can be found on most nights and weekends trying to find a way to watch the Spartans play football or basketball.

Vin Narayanan
Vin Narayanan is the managing editor at Casino City. When he's not writing or editing stories, he likes to play Chinese Poker, Badugi, Razz and any other "non-traditional" poker game. He also thinks blackjack is his best game and loves game theory.

Before joining Casino City, Vin covered (not all at the same time) sports, politics and elections, wars, technology, celebrities and the Census for USATODAY.com, USA WEEKEND and CNN.

A proud graduate of Michigan State University, Vin can be found on most nights and weekends trying to find a way to watch the Spartans play football or basketball.