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Gambling911.com has learned that yet another warrant seizure was issued against a bank in regard to funds associated with online poker's two biggest rooms, PokerStars and Full Tilt Poker.
The US Attorney's office out of the Southern District of New York sent the warrant to Union Bank out of California.
Unlike the previous warrant seizures resulting in some $40 million froze June 2, United States Magistrate Judge Theodore H. Katz did not sign off on the warrant. Instead, Henry B. Pitman signed off on the order.
Costigan Media, which owns Gambling911.com, filed a Motion to Intervene last Thursday in an effort to have the initial seizure warrants unsealed as part of its First Amendment rights to obtain information associated with this investigation.
It was not immediately known how monies were froze following issuance of the warrant dated June 24, 2009.
Prosecutors claimed in a written letter that the money was allegedly used for purposes of "money laundering", however, little if any information is yet to be obtained due to all court documents being sealed in this matter.
More news was expected on this front during the afternoon hours.
