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The lawyer for one of two people charged in a probe into online gambling payment processors has told a local Maryland newspaper that his client, Edward Courdy, is no longer the owner of Electracash. An investigator's affidavit suggests otherwise however.
The US Attorney's Office out of Baltimore is currently investigating Electracash and other similar companies.
"Mr. Courdy left the regular business activities of Electracash in approximately 2001 and has been divested of any ownership interest in that entity since approximately 2003," the Baltimore City Paper reported on October 26.
According to a 2008 affidavit written by the Internal Revenue Service criminal investigator Randal Carrow, Courdy is still involved with Electracash. Nevada State Bank accounts associated with Courdy included ZipPayments, with the affidavit claiming that wire transfers sent from ZipPayments to Electracash, Inc. Carrow concludes that "I know from other bank records is another Courdy business."
Greenberg has reportedly asked the Baltimore City Paper to "publish a correction to make it clear that Mr. Courdy is not an owner of Electracash, Inc., nor has he been for approximately 6 years."
Christopher Costigan, Gambling911.com Publisher
