News Bite: US Gov Frees PokerStars Funds

The US Attorney for the Southern District of New York announced that it has released money from a frozen PokerStars account.
1192 5th September, 2011 Poker Law & Legislation
News Bite: US Gov Frees PokerStars Funds

The US Attorney for the Southern District of New York announced that it has released money from a frozen PokerStars account in the Hapoalim Bank in Luxembourg, though has not specified how much. The bank is link to Sphene International, a financial firm named in the Black Friday indictments.

A statement read: “The Government and PokerStars have reached an agreement pursuant to which PokerStars consents to the restraint of US$5.5m in the Account...and the Government agrees that it does not object to PokerStars’ use of the remaining funds in that account.”

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