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LEV L. DASSIN, the Acting United States Attorney for the Southern District of New York, and JOSEPH M. DEMAREST, JR., the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation ("FBI"), announced today the filing of an Indictment charging DOUGLAS RENNICK with bank fraud and other offenses stemming from his role in processing more than $350 million for Internet gambling companies, according to Gambling911.com sources.
Rennick was processing for online gambling companies via his firm, ATM Online, which has long been shut down.
Rennick's name is mentioned in a Motion filed by Account Services in California related to current seizures of funds connected to Full Tilt Poker and PokerStars.
Shortly after breaking this story, the Department of Justice submitted a public release verifying the indictment. Costigan Media, Gamlbing911.com's parent company, filed a Motion to Intervene in order to have various court documents related to this matter revealed.
