US Orders Banks to Name Names

Submitted on Sun, 2007-01-21 10:46The world's largest investment banks, law and accounting firms have been ordered by THE U.S. Department of Justice to relinquish all email messages, phone records and other documents related to online gambling companies.

The move is part of the American government's crackdown on illegal wagering over the Internet, primarily online casinos, poker rooms and sports betting organizations. Credit Suisse, Deutsche Bank, HSBC, and Dresdner Kleinwort are said to be among some of the banking institutions that have been subpoenaed and requested to provide information.

The DOP began issuing subpoenas back in October, just days after President Bush signed the Unlawful Internet Gambling Enforcement Act into law. A number of investors who amassed great wealth in leading publicly traded online gaming firms like PartyGaming, 888.com, and Betonsports have also been served with requests for information.

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