UMW/QT Plan to Repay

July 5, 2011 - 12:32 AM EDT
By

Some tensions surrounding the May 23rd indictments may begin to ease as the UseMyWallet implementation QuickTender.com is back online and claims to be ready to process payments for previously inaccessible player funds.1

According to an e-mail that QuickTender sent to customers on June 23rd, users who want to access their funds have from July 1st to August 15th to send their banking details to the e-wallet via the “Contact Us” section of its website. QuickTender suggests that users use a bank account in euros to receive their funds as they are unable to send transfers in dollars. Current balances in dollars will be converted to euros before being sent, and QuickTender is only guaranteeing funds sent to euro accounts.

On May 18th, 2011 QuickTender.com users who requested withdrawals to their bank received an email from QuickTender warning of problems with funds being frozen in transit. As a result, QuickTender stated they would stop processing withdraws. An investigation conducted by PlusEVPoker.com showed the United States Secret Service was conducting an investigation to seize money in transit to QuickTender users via correspondent banks in the United States.2

Days later on May 23rd, Maryland Immigration and Customs Enforcement, Homeland Security Investigations released an affidavit to support seizure warrants and explain their investigation. Maryland ICE HSI created an undercover payment processor, Linwood Payment Solutions, to process poker and gambling withdrawals. By processing player withdrawals, the Maryland ICE HSI was able to deduce which websites were allegedly conducting illegal gambling businesses. Seizure warrants for several poker and gambling domain names, including Doylesroom.com and TruePoker.com, were issued, as well as warrants to seize eleven bank accounts.

Two of those accounts were owned by a payment processing company named Chargestream Ltd. PlusEVPoker.com reported connections between Chargestream Ltd and UseMyWallet. First, a document posted on the blog shows shared ownership of Chargestream between John Briggs and Paul Templeman, two figures who have been in the payment processing business for years. Templeman has a history in payment processing that includes working for Neteller pre-UIGEA as well as directing companies such as Psi-Pay. Briggs has been in the payment processing business for 25 years and is behind the UseMyWallet brand, according to a source close to the Maryland ICE HSI investigation. The document also shows that Chargestream changed its name Nationwide Payments on May 23rd, the day of the indictments. In addition the community has discovered multiple wire receipts that show successful bank wire withdrawals requested from QuickTender that were processed from account number 0243058780 in the name of Chargestream Ltd at ABN AMRO Bank NV located in the Netherlands, the same account mentioned in the affidavit.3

On May 25th, users of QuickTender.com accessed the site only to find the statement “With regret, the Quicktender service has been discontinued. All account holders will be notified by email.” An email followed saying, “Developments specifically relating to our main bank processing company have resulted in our accounts being frozen subject to a seizure order giving us no ability to make payments in any currency. In light of these developments we have had no option but to discontinue the QuickTender service with immediate effect and for the foreseeable future.”

PlusEVPoker.com reported on June 6th that funds that were in transit, known to QuickTender users as “uncleared funds,” were frozen in intermediary banks before they reached users. Mr. Jim Eastman of the US Secret Service told PlusEVPoker.com it was his opinion that the Secret Service would not be returning these funds to the users. Funds sitting in the QuickTender website, known as “cleared funds,” were suspected to be in control by Maryland ICEHSI. However, when PlusEVPoker.com talked to the Maryland US Attorney Richard Kay, Kay claimed that the process of gaining control of a foreign bank account takes four to six months because of the immense amount of paperwork. Kay further stated, “The chance of any money being left in those accounts by the time we [Maryland ICEHSI] get to them is so close to zero, I’d call it zero.”

On June 9th, QuickTender e-mailed users with cleared funds suggesting they were serious about returning users their money. The email said that the e-wallet was “unable to transmit any funds in USD” and users would “need to have a currency account in Euros [sic]” in order to receive these funds.

These latest e-mails, sent on June 23rd, begin to put this plan into motion. However, Subject: Poker is unaware of anyone who has so far received funding. We acknowledge that we have largely failed in the past to follow this story. Aaron Wilt has been added to our team of writers to fix this.


Aaron Wilt is new to Subject: Poker. You can read more of his work at his blog, where much of the research behind this article is detailed, or follow him on Twitter.


Edited on 7/5/2011 3:02 PM EDT: Fixed formatting error.

Footnotes

  1. UseMyWallet’s website still contains only a brief message.
  2. PlusEVPoker.com is the author’s blog, and all work attributed to PlusEVPoker.com was done by the author, Aaron Wilt. Aaron’s investigative work for his blog related to UseMyWallet and QuickTender is peerless. Besides sharing a writer and mutual respect, Subject: Poker is not associated with PlusEVPoker.com.
  3. Your author has such receipts himself.

Tags: ,

«
»

2 Responses to UMW/QT Plan to Repay

  1. Ryan
    July 5, 2011 at 11:17 PM EDT

    That’s great news, it looked very bleak initially and I’m glad players can get their money back.

    • Mike Hunt
      July 6, 2011 at 8:32 AM EDT

      @Ryan – seriously?

Leave a Reply

Your email address will not be published. Required fields are marked *

*