Rakeback.com - Don't play poker without it

Goldwater Bank Forfeits Money in Online Gambling Case

By Scott Carlson, Rakeback.com Staff Writer

Goldwater Bank

In an update to an article we brought to you last week, Goldwater Bank has forfeited $733,804 to the US Government. The forfeited funds amount to clearing service fees earned from Allied Wallet Inc. Owner of Allied Wallet Inc. and Allies Systems Inc., Ahmad Khawaja, agreed last month to forfeit $13.3 million to resolve claims his companies processed online gambling transactions.

The deal was made with the Justice Department along with the Troubled Asset Relief Program (TARP), which invested in banks in the midst of the financial crisis in the United States recently.

In agreeing to the forfeiture the bank denied knowing the transactions were for online gambling purposes. The bank agreed to additional safeguards to prevent future occurrences.

Top Rakeback Offers

View all rakeback offers

How Much Cash Back Will I Earn?

Rakeback increases your winnings from online poker as you continually earn money back from every raked hand or tournament you play.

Many players earn a living wage from rakeback alone. Use the calculator below to estimate the size of payments you’ll get over a given period of time. The calculator will compute your expected daily, weekly, and monthly cash back depending on the stakes and tables you input.

Calculate Your Rakeback

Top Poker Room Recommendation

Black Chip Poker

  • 27% Rakeback
  • $1000 Sign-up Bonus
  • Bonus Code: RBCOM


© 2015 Rakeback.com