SunFirst Bank and Online Poker Sites ... Not A Good Combo
First, you take a bank or financial institution like SunFirst Bank and add in online poker sites such as PokerStars and Full Tilt Poker and what do you get? A big mess, is what.
SunFirst Bank executives have been charged with allegedly processing transations for the poker rooms that were seized by the Dept of Justice back in April of this year. Remember Black Friday?
The bank had already been in hot water with the current economic conditions here in the United States and these charges have added to their headaches and worries.
What did SunFirst Bank do exactly? They were handling the online poker transactions for the poker rooms and instead of catagorizing the transaction as it actually was, an online gambling transaction, which would have gotten them busted for sure, they changed the transactions to look like golf ball and dog food purchases.
In exchange for the masked transactions, the poker rooms invested some of their money in the bank.
