Important Quicktender / UseMyWallet follow up!

Who assumed that the crackdown on BlackFriday was gonna be the only dilemma, can now stop dreaming and wake up as the nightmare continues today on May 23rd 2011 ... guess we have to consider this as BlackMonday soon as well.

In a recent blog post with the title Quicktender – UseMyWallet Accounts Possibly Seized by US, the possible seizure of bank accounts from Quicktender was mentioned and this might have now become reality. A Maryland federal grand jury indicted two more online gambling businesses today and 10 poker site domains have been seized, which includes the Yatahay network and mainly, the sportsbooks.

Furthermore, 11 bank accounts in total have been seized and one of them is listed as "Chargestream", which indeed appears to be Quicktender / UseMyWallet. After the eWalletXpress disaster, the next main stream online ewallet for the US market seems to be knocked out and we have yet to see a light at the end of the tunnel.

More news about the domain seizures and the latest indictments will follow later in a separate blog post.

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Quicktender – UseMyWallet Accounts Possibly Seized by US

Courtesy of Holdem Poker Chat

Quicktender – UseMyWallet issued the following press release today regarding the recent problems with recent transactions. It appears they still do not know the true issue of the problem but do fear that the US bank accounts used to process transactions have been seized by the US Department of Justice.

The management of Quicktender would like to make the following statement regarding the current situation with UseMyWallet/Quicktender withdrawals:

We have operated a reputable and reliable payment mechanism for US customers since 2006. Our reputation is important to us, and until recently there has never been any question that players and merchants would be paid. In order to achieve this, we have built over many years relationships with payment intermediaries that share our values of honesty and integrity. In the jurisdictions from which we offer our services we are proud to be properly licensed and constituted, and have even worked with US law enforcement on occasions where criminal activity has been identified.

However, we cannot always predict some of the vagaries of the US administration. Over the past 2 weeks we have in good faith transmitted withdrawals initiated by Quicktender account holders to beneficiary bank accounts in the US. The money left our account in Europe. It was only in response to increasing complaints from our customers that we recognised there was a problem, and asked our bank to investigate. It emerges that the money has been accumulated in our bank’s correspondent banking partners accounts in the US, and has been frozen. We suspect it is possible that these funds may be subject to a seizure order by the US authorities. We would stress that we do not have bank accounts in the US of our own, and that the funds have left our account Europe.

It is our express intention to ensure that the funds of our account holders are safe. For this reason we have decided to suspend future withdrawals until we understand what has happened to the money that has been frozen. If we continue to transmit bank wires into the US we could find that these funds also do not reach their ultimate beneficiaries. This would simply make the problem worse.

We ask our customers to bear with us in these difficult times. Please be assured that we have always honored our obligations in the past, and that we will make every effort to overcome these current difficulties. It is not in
the interests of anybody to attempt to financially impact QuickTender further. These actions may impact the future viability of the company and the ability of the company to pay its customers. We are assessing our current exposure, and how best to reintroduce withdrawals safely.

We would like to take this opportunity to thank our customers for their past loyalty, and to reiterate that we will take all possible steps to ensure that our customers money is secure.

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