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Canadian Payment Business Forfeits $9 Million in Online Gambling Case
By Brian Monroe
printCanadian payments company ESI Entertainment Systems Inc. will forfeit $9 million in a deferred prosecution agreement with the U.S. Justice Department for its role in helping to launder proceeds from an illegal gambling operation. ESI's online payment processor generated "tens of millions of dollars" by helping U.S. customers gamble online, which is illegal in the United States, according to the deferred prosecution agreement released Monday. The company acknowledged it helped launder more than $2 billion in illegal gambling transactions, authorities said. Under the terms of the agreement with prosecutors, ESI will not face criminal charges for money laundering, wire fraud...
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